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

Visa Inc. (NYSE:V) CEO Ryan Mcinerney sold 8,620 shares of the company’s stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $340.00, for a total value of $2,930,800.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

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

• 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 Price Performance

Shares of V opened at $347.28 on Friday. The company has a current ratio of 1.12, a quick ratio of 1.28 and a debt-to-equity ratio of 0.45. Visa Inc. has a 52 week low of $252.70 and a 52 week high of $351.25. The stock has a 50 day moving average of $319.76 and a 200-day moving average of $294.76. The firm has a market cap of $646.94 billion, a price-to-earnings ratio of 35.01, a PEG ratio of 2.30 and a beta of 0.97.

Visa (NYSE:V) last announced its quarterly earnings results on Thursday, January 30th. The credit-card processor reported $2.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.66 by $0.09. Visa had a net margin of 54.27% and a return on equity of 54.79%. As a group, analysts forecast that Visa Inc. will post 11.2 EPS for the current year.

Visa Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 3rd. Stockholders of record on Tuesday, February 11th will be paid a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a dividend yield of 0.68%. The ex-dividend date is Tuesday, February 11th. Visa’s dividend payout ratio is presently 23.79%.

Institutional Trading of Visa

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Riverstone Advisors LLC purchased a new position in Visa during the fourth quarter valued at approximately $217,000. Custom Index Systems LLC acquired a new stake in shares of Visa in the third quarter worth about $731,000. Journey Strategic Wealth LLC grew its holdings in Visa by 16.4% during the fourth quarter. Journey Strategic Wealth LLC now owns 9,678 shares of the credit-card processor’s stock valued at $3,058,000 after purchasing an additional 1,361 shares during the last quarter. Copley Financial Group Inc. acquired a new stake in Visa during the third quarter worth about $616,000. Finally, Oak Ridge Investments LLC increased its position in shares of Visa by 5.9% during the fourth quarter. Oak Ridge Investments LLC now owns 75,456 shares of the credit-card processor’s stock valued at $23,847,000 after purchasing an additional 4,198 shares during the period. 82.15% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on V. BMO Capital Markets boosted their target price on Visa from $310.00 to $320.00 and gave the company an “outperform” rating in a research note on Wednesday, October 30th. Bank of America boosted their price target on Visa from $331.00 to $363.00 and gave the stock a “neutral” rating in a research report on Friday, January 31st. Seaport Res Ptn upgraded Visa from a “hold” rating to a “strong-buy” rating in a report on Tuesday, January 14th. The Goldman Sachs Group boosted their price objective on shares of Visa from $346.00 to $384.00 and gave the stock a “buy” rating in a report on Friday, January 31st. Finally, Susquehanna lifted their price target on shares of Visa from $375.00 to $395.00 and gave the stock a “positive” rating in a research note on Friday, January 31st. Four analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $354.73.

About Visa

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.