Insider Selling: Visa (NYSE:V) CEO Sells 20,970 Shares of Stock

Visa Inc. (NYSE:V) CEO Ryan Mcinerney sold 20,970 shares of Visa stock in a transaction that occurred on Monday, June 29th. The shares were sold at an average price of $340.25, for a total transaction of $7,135,042.50. Following the transaction, the chief executive officer owned 15,174 shares of the company’s stock, valued at $5,162,953.50. The trade was a 58.02% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Ryan Mcinerney also recently made the following trade(s):

• On Wednesday, April 29th, Ryan Mcinerney sold 31,455 shares of Visa stock. The stock was sold at an average price of $340.14, for a total value of $10,699,103.70.

Visa Stock Up 0.3%

V stock traded up $0.98 on Tuesday, reaching $342.63. 7,867,882 shares of the company traded hands, compared to its average volume of 8,002,507. The firm has a fifty day simple moving average of $323.89 and a 200-day simple moving average of $324.40. The company has a market cap of $614.60 billion, a P/E ratio of 29.85, a price-to-earnings-growth ratio of 1.80 and a beta of 0.77. Visa Inc. has a one year low of $293.89 and a one year high of $359.66. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.09 and a quick ratio of 1.09.

Visa (NYSE:V) last released its earnings results on Tuesday, April 28th. The credit-card processor reported $3.31 EPS for the quarter, topping the consensus estimate of $3.10 by $0.21. Visa had a return on equity of 65.00% and a net margin of 51.68%.The business had revenue of $11.23 billion for the quarter, compared to the consensus estimate of $10.75 billion. During the same period in the previous year, the company posted $2.76 earnings per share. The company’s revenue for the quarter was up 17.1% compared to the same quarter last year. Research analysts anticipate that Visa Inc. will post 13.09 earnings per share for the current year.

Visa Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 1st. Investors of record on Tuesday, May 12th were given a dividend of $0.67 per share. This represents a $2.68 annualized dividend and a yield of 0.8%. The ex-dividend date of this dividend was Tuesday, May 12th. Visa’s dividend payout ratio is 23.34%.

Visa announced that its Board of Directors has approved a stock buyback plan on Tuesday, April 28th that permits the company to buyback $20.00 billion in outstanding shares. This buyback authorization permits the credit-card processor to purchase up to 3.6% of its shares through open market purchases. Shares buyback plans are generally a sign that the company’s board believes its stock is undervalued.

Analyst Ratings Changes

V has been the topic of a number of recent analyst reports. Sanford C. Bernstein reiterated an “outperform” rating and set a $450.00 price target on shares of Visa in a report on Tuesday, June 2nd. Morgan Stanley reaffirmed an “overweight” rating and issued a $415.00 price objective on shares of Visa in a research report on Wednesday, April 29th. Weiss Ratings downgraded Visa from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Thursday, April 16th. Citigroup reduced their target price on Visa from $450.00 to $400.00 and set a “buy” rating for the company in a report on Tuesday, April 14th. Finally, Loop Capital began coverage on Visa in a research note on Tuesday, March 31st. They issued a “buy” rating and a $387.00 price target for the company. Six analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Visa currently has a consensus rating of “Buy” and an average target price of $397.96.

Trending Headlines about Visa

Here are the key news stories impacting Visa this week:

• Positive Sentiment: Visa launched and expanded its travel platform, Visa Destinations, in 10 major global locations, which could strengthen its role in higher-margin travel and cross-border spending. Visa (V) Launches Travel Platform And Expands Cross Border Partnerships
• Positive Sentiment: Visa introduced new smartphone-based payment tools for small businesses, expanding card acceptance in emerging markets and potentially increasing transaction volume across its network. Visa Brings Card Acceptance to SMB Smartphones
• Positive Sentiment: Visa said consumers are still making discretionary purchases and are relying on online deal-hunting rather than cutting spending, suggesting resilient payment activity despite inflation. Visa Says Online Deal Hunting Sustains Consumers’ Discretionary Spending
• Neutral Sentiment: Visa and other major payments and tech companies, including Google, BlackRock, Mastercard, and Stripe, reportedly signed on to a new stablecoin initiative, which could support future payment innovation but is still early-stage. Visa and Google Sign on to Use Money Movement Stablecoin OpenUSD
• Neutral Sentiment: Visa was named in coverage of a proposed $38 billion settlement involving interchange fees, but the article mainly discusses consumer and merchant implications rather than a clear immediate financial impact for the company. Visa, Mastercard settlement: The good, the bad and what the $38 billion settlement means for you
• Negative Sentiment: Visa’s participation in the new stablecoin push could also be read as a response to rising competition in digital payments and money movement from crypto-linked rails, which may pressure long-term network economics if adoption accelerates. Stripe, Visa and over 140 other businesses to launch stablecoin to rival Tether and Circle

Institutional Trading of Visa

A number of large investors have recently made changes to their positions in the stock. Clayton Financial Group LLC grew its position in Visa by 446.2% in the 4th quarter. Clayton Financial Group LLC now owns 71 shares of the credit-card processor’s stock worth $25,000 after purchasing an additional 58 shares during the period. PayPay Securities Corp lifted its holdings in shares of Visa by 102.7% during the 4th quarter. PayPay Securities Corp now owns 75 shares of the credit-card processor’s stock valued at $26,000 after buying an additional 38 shares during the period. Cresta Advisors Ltd. purchased a new position in shares of Visa in the 4th quarter worth $26,000. Parvin Asset Management LLC grew its holdings in shares of Visa by 200.0% in the third quarter. Parvin Asset Management LLC now owns 75 shares of the credit-card processor’s stock worth $26,000 after acquiring an additional 50 shares during the period. Finally, Dorato Capital Management purchased a new stake in Visa during the fourth quarter valued at $30,000. 82.15% of the stock is currently owned by institutional investors.

About Visa

Visa Inc is a global payments technology company that facilitates electronic funds transfers and digital commerce by connecting consumers, merchants, financial institutions and governments. The firm operates one of the world’s largest payment networks, providing processing, authorization, clearing and settlement services for credit, debit and prepaid card transactions. Visa’s network-based model enables partner banks and other issuers to offer branded payment products while Visa focuses on the infrastructure, standards and technologies that move money securely and efficiently around the world.

Visa’s product and service portfolio includes card-based payment products for consumers and businesses, real-time push-payment capabilities, tokenization and authentication services, fraud and risk-management tools, data analytics and APIs for fintech and merchant integration.