Visa (NYSE:V) CEO Sells 5,875 Shares

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 shares were sold at an average price of $367.87, for a total transaction of $2,161,236.25. Following the completion of the sale, the chief executive officer directly owned 15,174 shares of the company’s stock, valued at approximately $5,582,059.38. This represents a 27.91% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 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 shares were sold at an average price of $340.25, for a total value of $7,135,042.50.

Visa Trading Up 3.0%

V stock traded up $11.31 during midday trading on Monday, reaching $382.35. The stock had a trading volume of 8,476,553 shares, compared to its average volume of 7,907,150. The business has a fifty day simple moving average of $353.73 and a two-hundred day simple moving average of $329.61. 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 $682.28 billion, a price-to-earnings ratio of 32.51, a PEG ratio of 1.99 and a beta of 0.74. Visa Inc. has a twelve month low of $293.89 and a twelve month high of $383.43.

Visa (NYSE:V) last released its earnings results on Tuesday, July 28th. The credit-card processor reported $3.32 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.23 by $0.09. The company had revenue of $11.63 billion for the quarter, compared to the consensus estimate of $11.40 billion. Visa had a net margin of 50.78% and a return on equity of 67.68%. The company’s revenue was up 14.4% compared to the same quarter last year. During the same period in the prior year, the company posted $2.98 EPS. As a group, research analysts expect that Visa Inc. will post 13.16 EPS for the current fiscal year.

Visa declared that its Board of Directors has initiated a share repurchase plan on Tuesday, April 28th that allows the company to repurchase $20.00 billion in outstanding shares. This repurchase authorization allows the credit-card processor to purchase up to 3.6% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company’s board believes its shares are undervalued.

Visa Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the company. Weiss Ratings upgraded Visa from a “buy (b-)” rating to a “buy (b)” rating in a research report on Thursday, July 30th. Sanford C. Bernstein restated an “outperform” rating and set a $450.00 target price on shares of Visa in a research report on Tuesday, June 2nd. Cantor Fitzgerald set a $445.00 price target on shares of Visa and gave the company an “overweight” rating in a research report on Monday, August 3rd. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a $430.00 price objective on shares of Visa in a research note on Wednesday, July 29th. Finally, Piper Sandler restated an “overweight” rating and set a $430.00 price objective (up from $394.00) on shares of Visa in a report on Wednesday, July 29th. Seven research analysts have rated the stock with a Strong Buy rating and twenty-four have issued a Buy rating to the stock. According to data from MarketBeat.com, Visa currently has an average rating of “Buy” and a consensus target price of $413.58.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Brighton Jones LLC grew its stake in shares of Visa by 50.1% in the fourth quarter. Brighton Jones LLC now owns 20,635 shares of the credit-card processor’s stock valued at $6,522,000 after buying an additional 6,883 shares in the last quarter. Revolve Wealth Partners LLC raised its position in Visa by 68.9% during the fourth quarter. Revolve Wealth Partners LLC now owns 11,811 shares of the credit-card processor’s stock worth $3,733,000 after acquiring an additional 4,817 shares in the last quarter. Nicholas Hoffman & Company LLC. lifted its stake in Visa by 4.6% in the first quarter. Nicholas Hoffman & Company LLC. now owns 10,941 shares of the credit-card processor’s stock valued at $3,834,000 after acquiring an additional 477 shares during the last quarter. Matrix Asset Advisors Inc. NY lifted its stake in Visa by 16.9% in the second quarter. Matrix Asset Advisors Inc. NY now owns 1,133 shares of the credit-card processor’s stock valued at $402,000 after acquiring an additional 164 shares during the last quarter. Finally, Schnieders Capital Management LLC. grew its position in shares of Visa by 13.8% in the 2nd quarter. Schnieders Capital Management LLC. now owns 18,367 shares of the credit-card processor’s stock valued at $6,521,000 after acquiring an additional 2,230 shares during the period. Institutional investors and hedge funds own 82.15% of the company’s stock.

More Visa News

Here are the key news stories impacting Visa this week:

• Positive Sentiment: Resilient consumer spending supports transaction growth. Visa and Mastercard reached fresh records after data indicated that aggregate U.S. spending remains healthy, despite consumers becoming more selective and some retailers warning of softer demand. This suggests Visa’s payment volumes and cross-border activity may remain strong. Visa and Mastercard stocks hit fresh records, underscoring a resilient U.S. consumer
• Positive Sentiment: Stablecoin activity provides a new growth opportunity. Visa’s stablecoin settlement pilot reportedly reached a $7 billion annualized run rate and expanded across nine blockchains. Investors may view the initiative as evidence that Visa can benefit from emerging digital-payment rails while preserving its role as payment infrastructure. Circle CEO Allaire Maps Stablecoins’ Next Act as Global Payment Rails
• Positive Sentiment: Visa’s network economics remain attractive. The company’s action placing Hims & Hers Health in a monitoring program over elevated billing disputes highlights Visa’s ability to collect processing fees and penalties without bearing the underlying customer-acquisition risk. The development reinforces the strength of Visa’s asset-light model and roughly 51% net margin. Visa Just Put Hims & Hers in the Penalty Box—Here’s Why It Matters
• Positive Sentiment: Reported purchases by President Donald Trump’s investment accounts added a sentiment boost. The disclosure that the accounts bought millions of dollars of Visa shares may have attracted additional attention from investors, although it does not change Visa’s fundamentals. Visa Stock Climbs After Trump Buys Millions in Stock
• Neutral Sentiment: CEO Ryan McInerney is scheduled to speak at the Goldman Sachs Communacopia + Technology Conference on September 8. Investors may look for updates on spending trends, payments innovation and stablecoins, but no new financial guidance was announced. Visa to Participate in Upcoming Investor Conference

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.