Paul D. Fabara Sells 25,293 Shares of Visa Inc. (NYSE:V) Stock

Visa Inc. (NYSE:VGet Free Report) insider Paul D. Fabara sold 25,293 shares of the company’s stock in a transaction dated Wednesday, May 15th. The shares were sold at an average price of $277.15, for a total transaction of $7,009,954.95. Following the transaction, the insider now owns 17,894 shares in the company, valued at approximately $4,959,322.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Visa Price Performance

Shares of V traded up $3.79 on Wednesday, hitting $281.53. The company’s stock had a trading volume of 21,287,347 shares, compared to its average volume of 6,333,699. The company has a 50 day moving average price of $277.45 and a 200 day moving average price of $267.99. Visa Inc. has a fifty-two week low of $216.14 and a fifty-two week high of $290.96. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.40 and a quick ratio of 1.40. The company has a market capitalization of $514.90 billion, a PE ratio of 31.34, a PEG ratio of 1.91 and a beta of 0.95.

Visa (NYSE:VGet Free Report) last issued its earnings results on Tuesday, April 23rd. The credit-card processor reported $2.51 EPS for the quarter, beating the consensus estimate of $2.43 by $0.08. Visa had a net margin of 53.87% and a return on equity of 51.23%. The company had revenue of $8.78 billion during the quarter, compared to analysts’ expectations of $8.62 billion. During the same quarter in the previous year, the company posted $2.09 EPS. The business’s revenue for the quarter was up 9.9% compared to the same quarter last year. On average, research analysts anticipate that Visa Inc. will post 9.94 earnings per share for the current fiscal year.

Visa Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 3rd. Stockholders of record on Friday, May 17th will be paid a dividend of $0.52 per share. The ex-dividend date of this dividend is Thursday, May 16th. This represents a $2.08 dividend on an annualized basis and a dividend yield of 0.74%. Visa’s dividend payout ratio is 23.24%.

Hedge Funds Weigh In On Visa

Large investors have recently modified their holdings of the business. Trifecta Capital Advisors LLC raised its holdings in Visa by 2.7% in the 3rd quarter. Trifecta Capital Advisors LLC now owns 20,176 shares of the credit-card processor’s stock valued at $4,641,000 after acquiring an additional 536 shares during the period. CBOE Vest Financial LLC increased its stake in Visa by 67.7% in the third quarter. CBOE Vest Financial LLC now owns 38,261 shares of the credit-card processor’s stock valued at $8,800,000 after acquiring an additional 15,445 shares during the last quarter. Marino Stram & Associates LLC increased its stake in Visa by 9.2% in the third quarter. Marino Stram & Associates LLC now owns 3,281 shares of the credit-card processor’s stock valued at $755,000 after acquiring an additional 276 shares during the last quarter. Octavia Wealth Advisors LLC increased its stake in Visa by 10.0% in the third quarter. Octavia Wealth Advisors LLC now owns 6,262 shares of the credit-card processor’s stock valued at $1,440,000 after acquiring an additional 571 shares during the last quarter. Finally, Blue Chip Partners LLC boosted its position in Visa by 3.2% in the third quarter. Blue Chip Partners LLC now owns 86,030 shares of the credit-card processor’s stock valued at $19,788,000 after buying an additional 2,666 shares in the last quarter. 82.15% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have recently issued reports on V. Royal Bank of Canada increased their target price on Visa from $309.00 to $315.00 and gave the company an “outperform” rating in a research report on Wednesday, April 24th. Wedbush raised their price objective on Visa from $280.00 to $300.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 24th. TD Cowen initiated coverage on Visa in a research report on Thursday, April 11th. They issued a “buy” rating and a $320.00 target price for the company. Robert W. Baird lifted their price objective on Visa from $314.00 to $320.00 and gave the company an “outperform” rating in a research note on Wednesday, April 17th. Finally, Citigroup boosted their target price on Visa from $314.00 to $321.00 and gave the stock a “buy” rating in a research note on Wednesday, April 24th. Five research analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $303.76.

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About Visa

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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.

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