Visa (NYSE:V) Trading Down 1.8% on Insider Selling

Visa Inc. (NYSE:V)’s stock price traded down 1.8% on Tuesday after an insider sold shares in the company. The stock traded as low as $372.22 and last traded at $372.40. 5,623,747 shares traded hands during trading, a decline of 28% from the average session volume of 7,841,654 shares. The stock had previously closed at $379.37.

Specifically, General Counsel Julie B. Rottenberg sold 2,028 shares of Visa stock in a transaction dated Monday, August 31st. The stock was sold at an average price of $381.35, for a total transaction of $773,377.80. Following the completion of the sale, the general counsel owned 18,404 shares in the company, valued at approximately $7,018,365.40. This trade represents a 9.93% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the stock. BMO Capital Markets upped their target price on shares of Visa from $387.00 to $405.00 and gave the company an “outperform” rating in a report on Wednesday, July 29th. Weiss Ratings upgraded shares of Visa from a “buy (b-)” rating to a “buy (b)” rating in a report on Thursday, July 30th. Citigroup reissued a “buy” rating and set a $440.00 price objective (up from $400.00) on shares of Visa in a research note on Wednesday, July 29th. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $466.00 target price (up from $412.00) on shares of Visa in a research note on Monday. Finally, TD Cowen reiterated a “buy” rating 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 assigned a Buy rating to the company’s stock. According to data from MarketBeat.com, Visa currently has a consensus rating of “Buy” and a consensus target price of $416.62.

Visa Stock Performance

The company has a market cap of $664.52 billion, a price-to-earnings ratio of 31.67, a P/E/G ratio of 2.04 and a beta of 0.74. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.60. The stock’s 50 day moving average price is $360.10 and its 200 day moving average price is $331.83.

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, topping the consensus estimate of $3.23 by $0.09. Visa had a net margin of 50.78% and a return on equity of 67.68%. The business had revenue of $11.63 billion for the quarter, compared to analysts’ expectations of $11.40 billion. During the same period last year, the company earned $2.98 earnings per share. The company’s quarterly revenue was up 14.4% on a year-over-year basis. On average, analysts expect that Visa Inc. will post 13.16 EPS for the current fiscal year.

Visa Announces Dividend

The business 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. This represents a $2.68 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date is Tuesday, August 11th. Visa’s dividend payout ratio (DPR) is 22.79%.

Institutional Trading of Visa

Several institutional investors have recently made changes to their positions in the stock. G&S Capital LLC boosted its holdings in Visa by 4.0% in the second quarter. G&S Capital LLC now owns 761 shares of the credit-card processor’s stock valued at $261,000 after acquiring an additional 29 shares during the last quarter. Keating Financial Advisory Services Inc. increased its stake in Visa by 0.9% during the second quarter. Keating Financial Advisory Services Inc. now owns 3,189 shares of the credit-card processor’s stock worth $1,094,000 after acquiring an additional 29 shares during the last quarter. Riverview Capital Advisers LLC raised its holdings in shares of Visa by 0.3% in 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 raised its holdings in shares of Visa by 4.5% in 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 lifted its stake in shares of 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.

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.