Ryan Mcinerney Sells 8,620 Shares of Visa Inc. (NYSE:V) Stock

Visa Inc. (NYSE:V) CEO Ryan Mcinerney sold 8,620 shares of Visa stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $363.00, for a total value of $3,129,060.00. Following the sale, the chief executive officer now directly owns 537 shares in the company, valued at approximately $194,931. This trade represents a 94.14 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

• On Monday, February 3rd, Ryan Mcinerney sold 8,620 shares of Visa stock. The stock was sold at an average price of $340.00, for a total value of $2,930,800.00.
• On Thursday, January 2nd, Ryan Mcinerney sold 8,620 shares of Visa stock. The shares were sold at an average price of $317.78, for a total value of $2,739,263.60.

Visa Stock Performance

V stock opened at $352.18 on Thursday. The company has a 50 day moving average price of $335.17 and a 200 day moving average price of $307.55. Visa Inc. has a fifty-two week low of $252.70 and a fifty-two week high of $366.54. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.12 and a quick ratio of 1.12. The stock has a market capitalization of $654.27 billion, a PE ratio of 35.50, a price-to-earnings-growth ratio of 2.33 and a beta of 0.95.

Visa (NYSE:V) last released its earnings results on Thursday, January 30th. The credit-card processor reported $2.75 earnings per share for the quarter, topping analysts’ consensus estimates of $2.66 by $0.09. Visa had a return on equity of 54.79% and a net margin of 54.27%. Analysts forecast that Visa Inc. will post 11.3 EPS for the current year.

Visa Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Tuesday, February 11th were given a dividend of $0.59 per share. The ex-dividend date was Tuesday, February 11th. This represents a $2.36 dividend on an annualized basis and a yield of 0.67%. Visa’s payout ratio is presently 23.79%.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the stock. Piper Sandler reiterated an “overweight” rating and set a $383.00 price target (up previously from $368.00) on shares of Visa in a research note on Friday, January 31st. Seaport Res Ptn upgraded shares of Visa from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, January 14th. Citigroup reissued a “neutral” rating on shares of Visa in a research report on Thursday, February 13th. The Goldman Sachs Group lifted their price objective on Visa from $346.00 to $384.00 and gave the company a “buy” rating in a report on Friday, January 31st. Finally, Morgan Stanley increased their target price on Visa from $326.00 to $371.00 and gave the stock an “overweight” rating in a report on Wednesday, December 18th. Six analysts have rated the stock with a hold rating, twenty-three have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, Visa has an average rating of “Moderate Buy” and a consensus price target of $353.96.

Institutional Investors Weigh In On Visa

Institutional investors have recently modified their holdings of the business. Berkeley Inc lifted its holdings in Visa by 29.5% in the fourth quarter. Berkeley Inc now owns 47,959 shares of the credit-card processor’s stock valued at $15,157,000 after buying an additional 10,936 shares during the period. Copley Financial Group Inc. raised its position in shares of Visa by 8.4% during the 4th quarter. Copley Financial Group Inc. now owns 2,428 shares of the credit-card processor’s stock valued at $767,000 after acquiring an additional 188 shares during the last quarter. Smith Shellnut Wilson LLC ADV lifted its stake in shares of Visa by 3.9% in the 4th quarter. Smith Shellnut Wilson LLC ADV now owns 1,712 shares of the credit-card processor’s stock valued at $541,000 after purchasing an additional 64 shares during the period. Audent Global Asset Management LLC boosted its position in shares of Visa by 76.7% in the 4th quarter. Audent Global Asset Management LLC now owns 3,681 shares of the credit-card processor’s stock worth $1,163,000 after purchasing an additional 1,598 shares during the last quarter. Finally, BridgePort Financial Solutions LLC acquired a new stake in shares of Visa during the fourth quarter worth $628,000. Institutional investors and hedge funds own 82.15% of the company’s stock.

Visa Company Profile

Visa Inc operates as a payment technology company in the United States and internationally. The company operates VisaNet, a transaction processing network that enables authorization, clearing, and settlement of payment transactions. It also offers credit, debit, and prepaid card products; tap to pay, tokenization, and click to pay services; Visa Direct, a solution that facilitates the delivery of funds to eligible cards, deposit accounts, and digital wallets; Visa B2B Connect, a multilateral business-to-business cross-border payments network; Visa Cross-Border Solution, a cross-border consumer payments solution; and Visa DPS that provides a range of value-added services, including fraud mitigation, dispute management, data analytics, campaign management, a suite of digital solutions, and contact center services.