Visa (NYSE:V) Insider Paul Fabara Sells 2,172 Shares

Visa Inc. (NYSE:V) insider Paul Fabara sold 2,172 shares of Visa stock in a transaction on Friday, November 21st. The shares were sold at an average price of $325.93, for a total value of $707,919.96. Following the completion of the transaction, the insider owned 26,413 shares of the company’s stock, valued at approximately $8,608,789.09. This trade represents a 7.60% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

Visa Stock Up 1.4%

V stock traded up $4.47 during mid-day trading on Friday, reaching $328.24. The company had a trading volume of 8,890,961 shares, compared to its average volume of 6,276,566. The firm has a fifty day simple moving average of $340.46 and a 200 day simple moving average of $347.92. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.08 and a current ratio of 1.08. The company has a market capitalization of $597.97 billion, a price-to-earnings ratio of 32.15, a price-to-earnings-growth ratio of 1.92 and a beta of 0.87. Visa Inc. has a fifty-two week low of $299.00 and a fifty-two week high of $375.51.

Visa (NYSE:V) last released its earnings results on Tuesday, October 28th. The credit-card processor reported $2.98 earnings per share for the quarter, topping analysts’ consensus estimates of $2.97 by $0.01. The firm had revenue of $10.72 billion for the quarter, compared to analyst estimates of $10.60 billion. Visa had a net margin of 50.15% and a return on equity of 60.31%. The business’s quarterly revenue was up 11.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.71 earnings per share. Analysts forecast that Visa Inc. will post 11.3 earnings per share for the current fiscal year.

Visa Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 1st. Shareholders of record on Wednesday, November 12th will be given a $0.67 dividend. The ex-dividend date of this dividend is Wednesday, November 12th. This represents a $2.68 dividend on an annualized basis and a dividend yield of 0.8%. This is a boost from Visa’s previous quarterly dividend of $0.59. Visa’s payout ratio is currently 26.25%.

Wall Street Analyst Weigh In

A number of brokerages recently commented on V. Barclays reiterated an “overweight” rating and set a $408.00 target price (up previously from $396.00) on shares of Visa in a research note on Thursday, July 31st. KeyCorp reaffirmed an “overweight” rating and set a $405.00 price objective on shares of Visa in a research report on Wednesday, October 22nd. UBS Group set a $425.00 price objective on Visa and gave the company a “buy” rating in a report on Wednesday, October 29th. Weiss Ratings reissued a “buy (b)” rating on shares of Visa in a research report on Wednesday, October 8th. Finally, Robert W. Baird set a $425.00 price target on Visa in a report on Wednesday, October 29th. Four investment analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $400.00.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in V. Keystone Global Partners LLC acquired a new stake in Visa during the 1st quarter worth $26,000. Parvin Asset Management LLC raised its holdings in shares of Visa by 200.0% in the third quarter. Parvin Asset Management LLC now owns 75 shares of the credit-card processor’s stock valued at $26,000 after buying an additional 50 shares during the last quarter. Family Legacy Financial Solutions LLC acquired a new stake in shares of Visa during the second quarter worth about $28,000. Harbor Asset Planning Inc. acquired a new stake in shares of Visa during the second quarter worth about $29,000. Finally, Sagard Holdings Management Inc. purchased a new position in shares of Visa during the second quarter worth about $31,000. Hedge funds and other institutional investors own 82.15% of the company’s stock.

About Visa

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.