Insider Selling: Visa (NYSE:V) CEO Sells $2,161,236.25 in Stock

Visa Inc. (NYSE:V) CEO Ryan Mcinerney sold 5,875 shares of the firm’s stock in a transaction that occurred on Friday, August 21st. The stock was sold at an average price of $367.87, for a total transaction of $2,161,236.25. Following the sale, the chief executive officer owned 15,174 shares in the company, valued at approximately $5,582,059.38. This trade represents a 27.91% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available 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 Wednesday, July 1st, Ryan Mcinerney sold 10,490 shares of Visa stock. The shares were sold at an average price of $343.99, for a total value of $3,608,455.10.
• 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.

Visa Trading Down 0.2%

Shares of Visa stock opened at $383.47 on Thursday. Visa Inc. has a fifty-two week low of $293.89 and a fifty-two week high of $385.57. The business’s fifty day moving average is $356.96 and its two-hundred day moving average is $330.74. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.60. The firm has a market cap of $684.27 billion, a PE ratio of 32.61, a P/E/G ratio of 2.06 and a beta of 0.74.

Visa (NYSE:V) last announced its quarterly earnings data on Tuesday, July 28th. The credit-card processor reported $3.32 EPS for the quarter, beating analysts’ consensus estimates of $3.23 by $0.09. The business had revenue of $11.63 billion during the quarter, compared to the consensus estimate of $11.40 billion. Visa had a return on equity of 67.68% and a net margin of 50.78%.The business’s revenue for the quarter was up 14.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.98 earnings per share. Analysts anticipate that Visa Inc. will post 13.16 earnings per share for the current year.

Visa Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Tuesday, August 11th will be issued a $0.67 dividend. The ex-dividend date is Tuesday, August 11th. This represents a $2.68 annualized dividend and a yield of 0.7%. Visa’s payout ratio is 22.79%.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the stock. G&S Capital LLC increased its position in shares of Visa by 4.0% in the second quarter. G&S Capital LLC now owns 761 shares of the credit-card processor’s stock worth $261,000 after acquiring an additional 29 shares in the last quarter. Keating Financial Advisory Services Inc. lifted its holdings in shares of Visa by 0.9% during the 2nd quarter. Keating Financial Advisory Services Inc. now owns 3,189 shares of the credit-card processor’s stock valued at $1,094,000 after acquiring an additional 29 shares in the last quarter. Riverview Capital Advisers LLC boosted its position in Visa by 0.3% during the 2nd quarter. Riverview Capital Advisers LLC now owns 10,805 shares of the credit-card processor’s stock worth $3,707,000 after purchasing an additional 29 shares during the period. NerdWallet Wealth Partners LLC boosted its position in Visa by 4.5% during the 2nd quarter. NerdWallet Wealth Partners LLC now owns 695 shares of the credit-card processor’s stock worth $239,000 after purchasing an additional 30 shares during the period. Finally, Frederick Financial Consultants LLC increased its holdings in Visa by 2.0% in the 4th quarter. Frederick Financial Consultants LLC now owns 1,598 shares of the credit-card processor’s stock valued at $560,000 after purchasing an additional 31 shares in the last quarter. 82.15% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the stock. Weiss Ratings raised shares of Visa from a “buy (b-)” rating to a “buy (b)” rating in a research report on Thursday, July 30th. Morgan Stanley reaffirmed an “overweight” rating and set a $416.00 price target on shares of Visa in a research report on Wednesday, July 29th. TD Cowen reaffirmed a “buy” rating on shares of Visa in a research note on Wednesday, July 29th. Wolfe Research reiterated an “outperform” rating and issued a $460.00 price target (up from $435.00) on shares of Visa in a report on Tuesday. Finally, Sanford C. Bernstein reissued an “outperform” rating and set a $450.00 price objective on shares of Visa in a research note on Tuesday, June 2nd. Seven equities research analysts have rated the stock with a Strong Buy rating and twenty-four have assigned a Buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target of $414.54.

Key Stories Impacting Visa

Here are the key news stories impacting Visa this week:

• Positive Sentiment: Visa and Bluefin launched a unified card-present payment platform for global merchants. The offering combines payment acceptance, security and device management, potentially simplifying enterprise deployments, reducing compliance burdens and expanding Visa’s merchant-services opportunity. Visa launches unified card-present payment platform
• Positive Sentiment: Visa joined Singapore’s BLOOM initiative, which is intended to connect traditional payment networks with stablecoin-based settlement rails. The effort could improve cross-border payment efficiency and give Visa an early role in digital-payment interoperability. Visa joins BLOOM initiative
• Positive Sentiment: Growing stablecoin card spending and Visa’s stablecoin initiatives support the company’s longer-term opportunity in digital wallets, cross-border transactions and emerging payment forms. The growth may help Visa remain relevant as payment activity expands beyond conventional cards. Visa BLOOM initiative and digital payments
• Neutral Sentiment: Visa approved KARTY LLC for a FinTech Innovation Award following its Qatar launch. The recognition highlights Visa’s partnerships with fintechs but is unlikely to materially affect near-term financial results. KARTY receives Visa FinTech Innovation Award
• Negative Sentiment: After touching $385.57, Visa surrendered the breakout. Commentary points to profit-taking and investor caution around its roughly 33-times earnings valuation, which makes sustained gains more difficult even though payment volumes remain healthy. Visa hits record then surrenders breakout
• Negative Sentiment: CEO Ryan McInerney sold 5,875 shares worth about $2.16 million under a pre-arranged Rule 10b5-1 plan. The scheduled nature reduces the significance, but the transaction may still attract limited insider-selling scrutiny.

Visa Company Profile

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.