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

Visa Inc. (NYSE:V)’s share price traded down 1.2% on Tuesday following insider selling activity. The company traded as low as $418.27 and last traded at $420.2740. Approximately 5,506,573 shares were traded during trading, a decline of 26% from the average session 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 on Monday, November 2nd. The shares were sold at an average price of $416.22, for a total value of $2,445,292.50. Following the transaction, the chief executive officer owned 15,174 shares in the company, valued at $6,315,722.28. The trade was a 27.91% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the company. Weiss Ratings lowered Visa from a “buy (b+)” rating to a “buy (b)” rating in a research note on Wednesday, October 28th. Rothschild & Co Redburn increased their target price on Visa from $430.00 to $444.00 and gave the company a “buy” rating in a research note on Thursday, July 30th. Citigroup reiterated a “buy” rating and issued a $440.00 price target (up from $400.00) on shares of Visa in a research note on Wednesday, July 29th. JPMorgan Chase & Co. boosted their target price on shares of Visa from $450.00 to $455.00 and gave the company an “overweight” rating in a research note on Wednesday, October 28th. Finally, Erste Group Bank raised Visa from a “hold” rating to a “buy” rating in a report on Monday, July 27th. Two analysts have rated the stock with a Strong Buy rating and thirty-five have issued a Buy rating to the company’s stock. According to MarketBeat, Visa has an average rating of “Buy” and a consensus price target 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 company has a market capitalization of $749.95 billion, a P/E ratio of 34.09, a P/E/G ratio of 1.88 and a beta of 0.77. The business’s 50-day simple moving average is $382.40 and its 200 day simple moving average is $342.74. The company has a current ratio of 0.97, a quick ratio of 0.99 and a debt-to-equity ratio of 0.54.

Visa (NYSE:V) last posted its quarterly earnings data on Tuesday, October 27th. The credit-card processor reported $3.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.44 by $0.04. Visa had a net margin of 51.20% and a return on equity of 70.50%. The business had revenue of $12.14 billion during the quarter, compared to analysts’ expectations of $12.09 billion. During the same period last year, the firm posted $2.98 earnings per share. The business’s revenue was up 13.2% on a year-over-year basis. As a group, sell-side analysts anticipate that Visa Inc. will post 15.03 EPS for the current year.

Visa Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 1st. Shareholders of record on Tuesday, November 10th will be given a $0.78 dividend. This represents a $3.12 dividend on an annualized basis and a yield of 0.7%. This is a positive change from Visa’s previous quarterly dividend of $0.67. The ex-dividend date is Tuesday, November 10th. Visa’s payout ratio is currently 21.74%.

Hedge Funds Weigh In On Visa

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. XXEC Inc. grew its holdings in Visa by 153,118.8% during the second quarter. XXEC Inc. now owns 186,260,448 shares of the credit-card processor’s stock worth $63,904,097,000 after acquiring an additional 186,138,883 shares during the period. State Street Corp lifted its holdings in Visa by 0.7% in the 2nd quarter. State Street Corp now owns 82,872,209 shares of the credit-card processor’s stock valued at $28,432,626,000 after acquiring an additional 566,194 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in Visa by 13.0% in the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 15,720,068 shares of the credit-card processor’s stock valued at $5,393,398,000 after acquiring an additional 1,808,496 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Visa by 3.7% during the 1st quarter. Dimensional Fund Advisors LP now owns 8,842,842 shares of the credit-card processor’s stock valued at $2,672,655,000 after purchasing an additional 316,559 shares in the last quarter. Finally, Amundi boosted its position in shares of Visa by 16.5% during the 2nd quarter. Amundi now owns 7,714,919 shares of the credit-card processor’s stock valued at $2,646,911,000 after purchasing an additional 1,092,315 shares in the last quarter. 82.15% of the stock is owned by institutional investors.

About Visa

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.