Visa (NYSE:V) Stock Price Down 1.4% Following Insider Selling

Visa Inc. (NYSE:V - Get Free Report)'s share price dropped 1.4% during mid-day trading on Thursday after an insider sold shares in the company. The stock traded as low as $331.00 and last traded at $341.37. Approximately 2,958,340 shares were traded during trading, a decline of 59% from the average daily volume of 7,141,436 shares. The stock had previously closed at $346.33.

Specifically, CEO Ryan Mcinerney sold 8,620 shares of Visa stock in a transaction dated Tuesday, April 1st. The stock was sold at an average price of $350.44, for a total value of $3,020,792.80. Following the sale, the chief executive officer now directly owns 537 shares in the company, valued at approximately $188,186.28. The trade was a 94.14 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on V. Wells Fargo & Company raised their target price on Visa from $360.00 to $395.00 and gave the company an "overweight" rating in a research report on Friday, January 31st. Susquehanna reaffirmed a "positive" rating on shares of Visa in a report on Friday, March 21st. Morgan Stanley raised their price target on shares of Visa from $326.00 to $371.00 and gave the stock an "overweight" rating in a research note on Wednesday, December 18th. UBS Group upped their price objective on shares of Visa from $350.00 to $400.00 and gave the company a "buy" rating in a research note on Friday, January 31st. Finally, JPMorgan Chase & Co. raised their target price on shares of Visa from $340.00 to $375.00 and gave the stock an "overweight" rating in a research note on Friday, January 31st. Five equities research analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $355.84.

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Visa Stock Down 0.4 %

The company has a debt-to-equity ratio of 0.45, a current ratio of 1.12 and a quick ratio of 1.12. The company has a market cap of $579.50 billion, a PE ratio of 31.44, a P/E/G ratio of 2.33 and a beta of 0.94. The business's 50 day moving average is $345.02 and its 200-day moving average is $317.27.

Visa (NYSE:V - Get Free Report) last issued its earnings results on Thursday, January 30th. The credit-card processor reported $2.75 EPS for the quarter, topping analysts' consensus estimates of $2.66 by $0.09. Visa had a net margin of 54.27% and a return on equity of 54.79%. As a group, analysts predict that Visa Inc. will post 11.3 EPS for the current year.

Visa Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Tuesday, February 11th were issued a $0.59 dividend. The ex-dividend date of this dividend was Tuesday, February 11th. This represents a $2.36 dividend on an annualized basis and a dividend yield of 0.76%. Visa's payout ratio is currently 23.79%.

Institutional Investors Weigh In On Visa

Several institutional investors have recently added to or reduced their stakes in the business. Summit Global Investments acquired a new stake in Visa during the first quarter worth approximately $232,000. Tompkins Financial Corp increased its position in shares of Visa by 19.6% during the first quarter. Tompkins Financial Corp now owns 238 shares of the credit-card processor's stock worth $83,000 after purchasing an additional 39 shares in the last quarter. GAMMA Investing LLC lifted its holdings in shares of Visa by 38,416.3% in the 1st quarter. GAMMA Investing LLC now owns 14,761,375 shares of the credit-card processor's stock valued at $5,173,271,000 after purchasing an additional 14,723,050 shares during the last quarter. AdvisorNet Financial Inc boosted its position in shares of Visa by 4.3% in the 1st quarter. AdvisorNet Financial Inc now owns 7,110 shares of the credit-card processor's stock valued at $2,492,000 after purchasing an additional 295 shares during the period. Finally, Nexus Investment Management ULC grew its stake in Visa by 5.5% during the 1st quarter. Nexus Investment Management ULC now owns 58,236 shares of the credit-card processor's stock worth $20,409,000 after buying an additional 3,060 shares during the last quarter. Hedge funds and other institutional investors own 82.15% of the company's stock.

Visa Company Profile

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.