Visa (NYSE:V) Stock Price Down 1.2% on Insider Selling

Visa Inc. (NYSE:V)’s share price traded down 1.2% during trading on Tuesday after an insider sold shares in the company. The company traded as low as $418.27 and last traded at $420.2740. 5,506,573 shares changed hands during trading, a decline of 26% from the average daily volume of 7,486,347 shares. The stock had previously closed at $425.51.

Specifically, CEO Ryan Mcinerney sold 5,875 shares of the business’s stock in a transaction that occurred on Monday, November 2nd. The stock was sold at an average price of $416.22, for a total transaction of $2,445,292.50. Following the completion of the sale, the chief executive officer directly owned 15,174 shares in the company, valued at approximately $6,315,722.28. The trade was a 27.91% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on V shares. Rothschild & Co Redburn raised their price objective on Visa from $430.00 to $444.00 and gave the company a “buy” rating in a report on Thursday, July 30th. BNP Paribas Exane lifted their target price on shares of Visa from $420.00 to $425.00 and gave the stock an “outperform” rating in a research note on Friday, August 7th. JPMorgan Chase & Co. upped their target price on shares of Visa from $450.00 to $455.00 and gave the stock an “overweight” rating in a report on Wednesday, October 28th. Royal Bank Of Canada reiterated an “outperform” rating and issued a $466.00 target price on shares of Visa in a research report on Wednesday, October 28th. Finally, Oppenheimer raised their price target on shares of Visa from $403.00 to $440.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 28th. Two research analysts have rated the stock with a Strong Buy rating and thirty-five have assigned a Buy rating to the stock. According to data from MarketBeat, Visa presently has a consensus rating of “Buy” and a consensus target price of $440.03.

Key Visa News

Here are the key news stories impacting Visa this week:

• Positive Sentiment: Visa reported fourth-quarter revenue of $12.14 billion and net income of $6.00 billion, while full-year revenue reached $45.90 billion and net income was $23.50 billion. It also raised its quarterly dividend to $0.78 per share, signaling continued earnings growth and cash returns. Read article
• Positive Sentiment: Zacks upgraded Visa to Rank #2 (Buy), citing improving earnings prospects. Cantor Fitzgerald also raised its price target to $500 and maintained an Overweight rating. Read article Read article
• Positive Sentiment: New agreements in Hong Kong and Senegal focus on AI-enabled commerce and expanding digital payments, potentially supporting Visa’s longer-term growth and reach. Read article
• Neutral Sentiment: Visa recently broke to a 52-week high, following a prior rally. That momentum is supportive, though the move may leave shares susceptible to profit-taking or consolidation. Read article
• Negative Sentiment: Industry commentary flags rising technology costs and inflation as pressures on payment companies, while a recent market headline raised questions about Visa’s payments mix. These concerns could temper sentiment despite the positive company news. Read article Read article

Visa Price Performance

The stock has a market cap of $749.95 billion, a PE ratio of 34.09, a price-to-earnings-growth ratio of 1.88 and a beta of 0.77. The stock’s fifty day moving average is $382.40 and its 200-day moving average is $342.74. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.97 and a quick ratio of 0.99.

Visa (NYSE:V) last issued its earnings results on Tuesday, October 27th. The credit-card processor reported $3.48 EPS for the quarter, topping analysts’ consensus estimates of $3.44 by $0.04. The company had revenue of $12.14 billion for the quarter, compared to the consensus estimate of $12.09 billion. Visa had a net margin of 51.20% and a return on equity of 70.50%. Visa’s quarterly revenue was up 13.2% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.98 earnings per share. As a group, equities analysts anticipate that Visa Inc. will post 15.03 EPS for the current year.

Visa Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 1st. Stockholders of record on Tuesday, November 10th will be given a dividend of $0.78 per share. This represents a $3.12 annualized dividend and a dividend yield of 0.7%. The ex-dividend date of this dividend is Tuesday, November 10th. This is a boost from Visa’s previous quarterly dividend of $0.67. Visa’s dividend payout ratio is presently 21.74%.

Institutional Trading of Visa

Institutional investors have recently made changes to their positions in the company. Nixon Peabody Trust Co. boosted its position in shares of Visa by 58.1% in the first quarter. Nixon Peabody Trust Co. now owns 4,201 shares of the credit-card processor’s stock worth $1,270,000 after buying an additional 1,543 shares during the period. Bank Pictet & Cie Europe AG raised its holdings in shares of Visa by 0.9% during the 3rd quarter. Bank Pictet & Cie Europe AG now owns 606,500 shares of the credit-card processor’s stock valued at $217,934,000 after buying an additional 5,568 shares during the period. CFC Planning Co LLC raised its holdings in shares of Visa by 13.7% during the 3rd quarter. CFC Planning Co LLC now owns 13,305 shares of the credit-card processor’s stock valued at $4,781,000 after buying an additional 1,607 shares during the period. Vega Investment Solutions acquired a new position in Visa during the 2nd quarter worth approximately $829,000. Finally, Beacon Financial Group lifted its position in Visa by 83.9% during the 1st quarter. Beacon Financial Group now owns 22,501 shares of the credit-card processor’s stock worth $6,801,000 after acquiring an additional 10,267 shares in the last quarter. Hedge funds and other institutional investors own 82.15% of the company’s stock.

Visa Company Profile

Visa Inc (NYSE: V) is a global payments technology company that facilitates electronic payments between consumers, businesses, financial institutions and governments. Through its VisaNet network, the company authorizes, clears and settles transactions made with Visa-branded credit, debit and prepaid cards, while generally not issuing cards, extending credit or setting cardholder account terms.

Visa provides payment products and services for consumer, commercial and government payments, as well as digital commerce and money movement.