Peter M. Andreski Sells 2,332 Shares of Visa Inc. (NYSE:V) Stock

Visa Inc. (NYSE:V) CAO Peter M. Andreski sold 2,332 shares of the stock in a transaction on Friday, February 7th. The shares were sold at an average price of $349.62, for a total transaction of $815,313.84. Following the completion of the transaction, the chief accounting officer now directly owns 4,488 shares in the company, valued at $1,569,094.56. This trade represents a 34.19 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Visa Price Performance

V stock opened at $348.26 on Friday. The company has a market cap of $647.00 billion, a price-to-earnings ratio of 35.11, a PEG ratio of 2.32 and a beta of 0.97. The company has a current ratio of 1.12, a quick ratio of 1.28 and a debt-to-equity ratio of 0.45. The firm has a 50 day moving average of $320.41 and a 200-day moving average of $295.12. Visa Inc. has a 12-month low of $252.70 and a 12-month high of $351.25.

Visa (NYSE:V) last issued its quarterly earnings data on Thursday, January 30th. The credit-card processor reported $2.75 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.66 by $0.09. Visa had a return on equity of 54.79% and a net margin of 54.27%. As a group, equities analysts expect that Visa Inc. will post 11.27 EPS for the current fiscal year.

Visa Announces Dividend

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

Wall Street Analyst Weigh In

Several equities analysts have issued reports on V shares. The Goldman Sachs Group raised their price objective on Visa from $346.00 to $384.00 and gave the stock a “buy” rating in a report on Friday, January 31st. Deutsche Bank Aktiengesellschaft raised their price target on Visa from $300.00 to $340.00 and gave the stock a “buy” rating in a research note on Wednesday, October 30th. Keefe, Bruyette & Woods boosted their price objective on Visa from $360.00 to $400.00 and gave the company an “outperform” rating in a research note on Friday, January 31st. TD Cowen raised their target price on shares of Visa from $318.00 to $325.00 and gave the stock a “buy” rating in a research report on Wednesday, October 30th. Finally, Raymond James reiterated an “outperform” rating and issued a $393.00 price target (up previously from $374.00) on shares of Visa in a research report on Friday, January 31st. Four analysts have rated the stock with a hold rating, twenty-five have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $354.73.

Hedge Funds Weigh In On Visa

Several hedge funds have recently added to or reduced their stakes in the business. Peterson Financial Group Inc. acquired a new stake in shares of Visa during the third quarter valued at $26,000. Decker Retirement Planning Inc. purchased a new position in Visa in the 4th quarter valued at about $26,000. Bradley & Co. Private Wealth Management LLC acquired a new stake in shares of Visa during the 4th quarter worth about $27,000. Reston Wealth Management LLC purchased a new stake in shares of Visa during the third quarter worth about $31,000. Finally, POM Investment Strategies LLC raised its position in shares of Visa by 48.5% in the fourth quarter. POM Investment Strategies LLC now owns 98 shares of the credit-card processor’s stock valued at $31,000 after buying an additional 32 shares during the last quarter. 82.15% of the stock is currently owned by hedge funds and other institutional investors.

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.