Ryan Mcinerney Sells 10,490 Shares of Visa (NYSE:V) Stock

Visa Inc. (NYSE:VGet Free Report) CEO Ryan Mcinerney sold 10,490 shares of the business’s stock in a transaction dated Wednesday, July 1st. The shares were sold at an average price of $343.99, for a total value of $3,608,455.10. Following the completion of the transaction, the chief executive officer directly owned 15,174 shares in the company, valued at $5,219,704.26. This represents a 40.87% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed 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 Monday, June 29th, Ryan Mcinerney sold 20,970 shares of Visa stock. The stock was sold at an average price of $340.25, for a total value of $7,135,042.50.
  • 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 Trading Down 0.2%

Shares of V stock opened at $361.31 on Friday. Visa Inc. has a fifty-two week low of $293.89 and a fifty-two week high of $362.13. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.09 and a current ratio of 1.09. The stock has a 50 day simple moving average of $327.17 and a two-hundred day simple moving average of $324.90. The company has a market cap of $648.10 billion, a P/E ratio of 31.47, a PEG ratio of 1.93 and a beta of 0.75.

Visa (NYSE:VGet Free Report) last posted its quarterly earnings results on Tuesday, April 28th. The credit-card processor reported $3.31 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.10 by $0.21. The firm had revenue of $11.23 billion for the quarter, compared to analysts’ expectations of $10.75 billion. Visa had a return on equity of 65.00% and a net margin of 51.68%.The company’s revenue for the quarter was up 17.1% compared to the same quarter last year. During the same period in the prior year, the business earned $2.76 EPS. Research analysts forecast that Visa Inc. will post 13.1 earnings per share for the current year.

Visa Dividend Announcement

The business also recently announced 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 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date was Tuesday, May 12th. Visa’s payout ratio is presently 23.34%.

Visa declared that its board has initiated a share buyback plan on Tuesday, April 28th that authorizes the company to buyback $20.00 billion in outstanding shares. This buyback authorization authorizes the credit-card processor to buy up to 3.6% of its stock through open market purchases. Stock buyback plans are often a sign that the company’s leadership believes its shares are undervalued.

Key Visa News

Here are the key news stories impacting Visa this week:

Institutional Trading of Visa

Several hedge funds have recently bought and sold shares of the business. Clayton Financial Group LLC lifted its stake in shares of Visa by 446.2% in the fourth quarter. Clayton Financial Group LLC now owns 71 shares of the credit-card processor’s stock valued at $25,000 after buying an additional 58 shares in the last quarter. PayPay Securities Corp grew its holdings in shares of Visa by 102.7% during the fourth 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 last quarter. Cresta Advisors Ltd. bought a new stake in shares of Visa during the fourth quarter worth about $26,000. Parvin Asset Management LLC increased its position in shares of Visa by 200.0% during 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 in the last quarter. Finally, Dorato Capital Management acquired a new stake in shares of Visa in the 4th quarter worth about $30,000. Institutional investors and hedge funds own 82.15% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on V shares. UBS Group raised their price target on shares of Visa from $390.00 to $410.00 and gave the stock a “buy” rating in a report on Wednesday, April 29th. Morgan Stanley reissued an “overweight” rating and set a $415.00 price objective on shares of Visa in a research report on Wednesday, April 29th. Truist Financial set a $371.00 price objective on shares of Visa and gave the stock a “buy” rating in a research report on Tuesday, May 12th. Loop Capital initiated coverage on Visa in a research note on Tuesday, March 31st. They issued a “buy” rating and a $387.00 target price for the company. Finally, BMO Capital Markets began coverage on Visa in a research report on Tuesday, April 21st. They issued an “outperform” rating and a $365.00 target price for the company. Seven equities research analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of $397.96.

Check Out Our Latest Analysis on V

Visa Company Profile

(Get Free Report)

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.

Further Reading

Insider Buying and Selling by Quarter for Visa (NYSE:V)

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