Visa (NYSE:V) Stock Price Down 1.1% – Time to Sell?

Visa Inc. (NYSE:V)’s share price dropped 1.1% during trading on Friday . The stock traded as low as $373.64 and last traded at $374.46. Approximately 4,591,350 shares changed hands during trading, a decline of 41% from the average session volume of 7,787,428 shares. The stock had previously closed at $378.75.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on V. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $466.00 price objective (up from $412.00) on shares of Visa in a research note on Monday. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $430.00 price target on shares of Visa in a research note on Wednesday, July 29th. Weiss Ratings raised Visa from a “buy (b-)” rating to a “buy (b)” rating in a research note on Thursday, July 30th. Citigroup reissued a “buy” rating and set a $440.00 price objective (up from $400.00) on shares of Visa in a research report on Wednesday, July 29th. Finally, Truist Financial set a $406.00 target price on shares of Visa and gave the company a “buy” rating in a report on Wednesday, August 5th. Seven investment analysts have rated the stock with a Strong Buy rating and twenty-four have given a Buy rating to the company’s stock. Based on data from MarketBeat.com, Visa has a consensus rating of “Buy” and a consensus target price of $416.62.

Visa Stock Down 1.1%

The firm has a market capitalization of $668.20 billion, a P/E ratio of 31.84, a P/E/G ratio of 2.03 and a beta of 0.76. The company has a fifty day simple moving average of $362.88 and a 200 day simple moving average of $332.97. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.60.

Visa (NYSE:V) last issued its quarterly earnings results on Tuesday, July 28th. The credit-card processor reported $3.32 earnings per share for the quarter, beating the consensus estimate of $3.23 by $0.09. The firm had revenue of $11.63 billion during the quarter, compared to the consensus estimate of $11.40 billion. Visa had a return on equity of 67.68% and a net margin of 50.78%.The company’s revenue was up 14.4% on a year-over-year basis. During the same period last year, the company earned $2.98 earnings per share. On average, equities analysts expect that Visa Inc. will post 13.16 EPS for the current fiscal year.

Visa Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 1st. Shareholders of record on Tuesday, August 11th were paid a dividend of $0.67 per share. This represents a $2.68 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date was Tuesday, August 11th. Visa’s dividend payout ratio (DPR) is currently 22.79%.

Insiders Place Their Bets

In other news, insider Tullier Mahon sold 57,272 shares of the stock in a transaction that occurred on Thursday, July 30th. The shares were sold at an average price of $364.97, for a total transaction of $20,902,561.84. Following the sale, the insider owned 49,662 shares in the company, valued at $18,125,140.14. This represents a 53.56% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Ryan Mcinerney sold 20,970 shares of the firm’s stock in a transaction that occurred on Monday, June 29th. The shares were sold at an average price of $340.25, for a total transaction of $7,135,042.50. Following the sale, the chief executive officer directly owned 15,174 shares of the company’s stock, valued at $5,162,953.50. This trade represents a 58.02% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders sold 104,537 shares of company stock valued at $37,540,837. Insiders own 0.12% of the company’s stock.

Institutional Investors Weigh In On Visa

Large investors have recently bought and sold shares of the business. Brighton Jones LLC boosted its holdings in Visa by 50.1% in the fourth quarter. Brighton Jones LLC now owns 20,635 shares of the credit-card processor’s stock worth $6,522,000 after purchasing an additional 6,883 shares during the last quarter. Revolve Wealth Partners LLC lifted its holdings in shares of Visa by 68.9% during the 4th quarter. Revolve Wealth Partners LLC now owns 11,811 shares of the credit-card processor’s stock valued at $3,733,000 after buying an additional 4,817 shares during the period. Nicholas Hoffman & Company LLC. grew its holdings in shares of Visa by 4.6% in the first quarter. Nicholas Hoffman & Company LLC. now owns 10,941 shares of the credit-card processor’s stock worth $3,834,000 after acquiring an additional 477 shares during the period. Matrix Asset Advisors Inc. NY increased its position in Visa by 16.9% during the second quarter. Matrix Asset Advisors Inc. NY now owns 1,133 shares of the credit-card processor’s stock valued at $402,000 after acquiring an additional 164 shares during the last quarter. Finally, Schnieders Capital Management LLC. increased its position in Visa by 13.8% during the second quarter. Schnieders Capital Management LLC. now owns 18,367 shares of the credit-card processor’s stock valued at $6,521,000 after acquiring an additional 2,230 shares during the last quarter. 82.15% of the stock is currently owned by institutional investors.

About Visa

Visa Inc is a global payments technology company that facilitates electronic funds transfers and digital commerce by connecting consumers, merchants, financial institutions and governments. The firm operates one of the world’s largest payment networks, providing processing, authorization, clearing and settlement services for credit, debit and prepaid card transactions. Visa’s network-based model enables partner banks and other issuers to offer branded payment products while Visa focuses on the infrastructure, standards and technologies that move money securely and efficiently around the world.

Visa’s product and service portfolio includes card-based payment products for consumers and businesses, real-time push-payment capabilities, tokenization and authentication services, fraud and risk-management tools, data analytics and APIs for fintech and merchant integration.