Visa Inc (NYSE:V) CEO Alfred F. Kelly, Jr. sold 7,000 shares of the business’s stock in a transaction on Thursday, July 30th. The stock was sold at an average price of $195.00, for a total transaction of $1,365,000.00. Following the completion of the sale, the chief executive officer now owns 130,090 shares in the company, valued at approximately $25,367,550. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Shares of V opened at $190.40 on Friday. The stock has a 50-day simple moving average of $194.04 and a 200-day simple moving average of $187.14. The stock has a market capitalization of $370.04 billion, a PE ratio of 36.27, a PEG ratio of 3.16 and a beta of 0.92. Visa Inc has a 1 year low of $133.93 and a 1 year high of $214.17. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.25 and a current ratio of 1.55.

Visa (NYSE:V) last posted its earnings results on Tuesday, July 28th. The credit-card processor reported $1.07 earnings per share for the quarter, topping the consensus estimate of $1.02 by $0.05. The firm had revenue of $4.84 billion during the quarter, compared to analysts’ expectations of $4.85 billion. Visa had a return on equity of 40.65% and a net margin of 51.37%. The firm’s revenue was down 18.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.37 earnings per share. Analysts predict that Visa Inc will post 4.99 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 1st. Investors of record on Friday, August 14th will be paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 0.63%. The ex-dividend date of this dividend is Thursday, August 13th. Visa’s payout ratio is 22.06%.

Several equities research analysts recently weighed in on the stock. Wells Fargo & Co boosted their price target on shares of Visa from $205.00 to $220.00 and gave the stock an “overweight” rating in a research report on Monday, July 13th. Zacks Investment Research upgraded shares of Visa from a “sell” rating to a “hold” rating and set a $181.00 price objective on the stock in a research report on Sunday, May 3rd. SunTrust Banks boosted their target price on shares of Visa from $200.00 to $220.00 and gave the company a “buy” rating in a research note on Tuesday, June 2nd. Morgan Stanley upped their price objective on shares of Visa from $196.00 to $203.00 and gave the stock an “overweight” rating in a research note on Tuesday. Finally, Wedbush increased their price target on shares of Visa from $200.00 to $220.00 and gave the company an “outperform” rating in a research report on Monday, June 1st. Seven research analysts have rated the stock with a hold rating and twenty-two have given a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $207.56.

Hedge funds have recently bought and sold shares of the stock. CBIZ Investment Advisory Services LLC acquired a new position in Visa during the first quarter worth approximately $25,000. AlphaMark Advisors LLC increased its holdings in shares of Visa by 57.8% in the first quarter. AlphaMark Advisors LLC now owns 172 shares of the credit-card processor’s stock valued at $28,000 after purchasing an additional 63 shares during the period. Cedar Mountain Advisors LLC increased its holdings in shares of Visa by 102.6% in the second quarter. Cedar Mountain Advisors LLC now owns 158 shares of the credit-card processor’s stock valued at $31,000 after purchasing an additional 80 shares during the period. CVA Family Office LLC acquired a new position in shares of Visa in the first quarter valued at approximately $32,000. Finally, Price Wealth LLC increased its holdings in shares of Visa by 90.0% in the second quarter. Price Wealth LLC now owns 190 shares of the credit-card processor’s stock valued at $37,000 after purchasing an additional 90 shares during the period. Hedge funds and other institutional investors own 81.41% of the company’s stock.

About Visa

Visa Inc operates as a payments technology company worldwide. The company facilitates commerce through the transfer of value and information among consumers, merchants, financial institutions, businesses, strategic partners, and government entities. It operates VisaNet, a processing network that enables authorization, clearing, and settlement of payment transactions; and offers fraud protection for account holders and assured payment for merchants.

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Insider Buying and Selling by Quarter for Visa (NYSE:V)

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