Visa Inc. (NYSE:V) Insider Tullier Kelly Mahon Sells 33,741 Shares

Visa Inc. (NYSE:V) insider Tullier Kelly Mahon sold 33,741 shares of Visa stock in a transaction dated Friday, February 7th. The shares were sold at an average price of $349.77, for a total value of $11,801,589.57. Following the completion of the transaction, the insider now owns 36,566 shares in the company, valued at approximately $12,789,689.82. This represents a 47.99 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Visa Price Performance

Shares of NYSE V opened at $348.26 on Monday. The firm has a market capitalization of $647.00 billion, a P/E ratio of 35.11, a P/E/G ratio of 2.32 and a beta of 0.97. The company has a quick ratio of 1.28, a current ratio of 1.12 and a debt-to-equity ratio of 0.45. The stock’s 50-day simple moving average is $321.08 and its two-hundred day simple moving average is $295.90. Visa Inc. has a twelve month low of $252.70 and a twelve month high of $351.25.

Visa (NYSE:V) last announced its earnings results 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 net margin of 54.27% and a return on equity of 54.79%. As a group, equities analysts anticipate that Visa Inc. will post 11.27 EPS for the current fiscal year.

Visa Announces Dividend

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

Hedge Funds Weigh In On Visa

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Sequoia Financial Advisors LLC lifted its holdings in Visa by 48.9% in the 4th quarter. Sequoia Financial Advisors LLC now owns 217,000 shares of the credit-card processor’s stock worth $68,581,000 after buying an additional 71,272 shares during the period. Saturna Capital Corp lifted its stake in Visa by 22.8% in the fourth quarter. Saturna Capital Corp now owns 1,369 shares of the credit-card processor’s stock worth $433,000 after acquiring an additional 254 shares during the period. Summit X LLC boosted its holdings in Visa by 0.5% in the fourth quarter. Summit X LLC now owns 8,151 shares of the credit-card processor’s stock valued at $2,576,000 after acquiring an additional 37 shares in the last quarter. Moors & Cabot Inc. increased its position in Visa by 0.3% during the 4th quarter. Moors & Cabot Inc. now owns 75,053 shares of the credit-card processor’s stock valued at $23,720,000 after purchasing an additional 248 shares during the period. Finally, Bender Robert & Associates raised its holdings in Visa by 12.9% in the 4th quarter. Bender Robert & Associates now owns 1,009 shares of the credit-card processor’s stock worth $319,000 after purchasing an additional 115 shares in the last quarter. 82.15% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the stock. Bank of America lifted their price target on shares of Visa from $331.00 to $363.00 and gave the company a “neutral” rating in a report on Friday, January 31st. Deutsche Bank Aktiengesellschaft upped their price target on shares of Visa from $300.00 to $340.00 and gave the stock a “buy” rating in a report on Wednesday, October 30th. Barclays raised their price objective on Visa from $361.00 to $396.00 and gave the company an “overweight” rating in a report on Monday, February 3rd. William Blair reaffirmed an “outperform” rating on shares of Visa in a report on Friday, January 31st. Finally, Robert W. Baird lifted their price target on Visa from $330.00 to $340.00 and gave the company an “outperform” rating in a research note on Wednesday, October 30th. Four research analysts have rated the stock with a hold rating, twenty-five have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $354.73.

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.