Eqis Capital Management Inc. Cuts Position in Visa Inc (NYSE:V)

Eqis Capital Management Inc. lessened its position in shares of Visa Inc (NYSE:V) by 0.4% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 18,116 shares of the credit-card processor’s stock after selling 77 shares during the quarter. Eqis Capital Management Inc.’s holdings in Visa were worth $3,673,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Stephenson National Bank & Trust purchased a new position in shares of Visa in the 4th quarter worth approximately $28,000. AlphaMark Advisors LLC boosted its holdings in shares of Visa by 57.8% in the 1st quarter. AlphaMark Advisors LLC now owns 172 shares of the credit-card processor’s stock worth $28,000 after purchasing an additional 63 shares during the period. Laffer Investments purchased a new position in shares of Visa in the 4th quarter worth approximately $31,000. Accurate Investment Solutions Inc. boosted its holdings in shares of Visa by 117.1% in the 1st quarter. Accurate Investment Solutions Inc. now owns 241 shares of the credit-card processor’s stock worth $39,000 after purchasing an additional 130 shares during the period. Finally, Lloyd Advisory Services LLC. purchased a new position in shares of Visa in the 4th quarter worth approximately $43,000. Institutional investors and hedge funds own 81.34% of the company’s stock.

In related news, CEO Alfred F. Kelly, Jr. sold 7,000 shares of Visa stock in a transaction that occurred on Thursday, April 30th. The shares were sold at an average price of $181.78, for a total value of $1,272,460.00. Following the completion of the sale, the chief executive officer now directly owns 139,090 shares in the company, valued at approximately $25,283,780.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, President Ryan Mcinerney sold 26,150 shares of Visa stock in a transaction that occurred on Wednesday, May 27th. The stock was sold at an average price of $191.87, for a total transaction of $5,017,400.50. The disclosure for this sale can be found here. Insiders sold a total of 40,150 shares of company stock worth $7,419,661 over the last 90 days. Company insiders own 0.19% of the company’s stock.

Visa stock traded up $0.98 during midday trading on Friday, hitting $195.24. 9,706,054 shares of the company’s stock were exchanged, compared to its average volume of 8,983,094. Visa Inc has a 12 month low of $133.93 and a 12 month high of $214.17. The company has a market cap of $379.45 billion, a PE ratio of 35.18, a P/E/G ratio of 3.10 and a beta of 0.92. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.25 and a current ratio of 1.25. The firm has a 50-day moving average of $178.27 and a two-hundred day moving average of $183.93.

Visa (NYSE:V) last released its quarterly earnings results on Thursday, April 30th. The credit-card processor reported $1.39 earnings per share for the quarter, beating analysts’ consensus estimates of $1.35 by $0.04. Visa had a net margin of 52.26% and a return on equity of 43.45%. The business had revenue of $5.85 billion for the quarter, compared to analysts’ expectations of $5.75 billion. During the same period last year, the business earned $1.31 EPS. The company’s revenue was up 6.6% compared to the same quarter last year. As a group, equities analysts expect that Visa Inc will post 4.99 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 2nd. Stockholders of record on Thursday, May 14th will be issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.61%. The ex-dividend date is Wednesday, May 13th. Visa’s dividend payout ratio is currently 22.06%.

A number of equities analysts have recently commented on the company. Raymond James lifted their target price on Visa from $188.00 to $204.00 and gave the stock an “outperform” rating in a report on Friday, May 1st. Zacks Investment Research raised Visa from a “sell” rating to a “hold” rating and set a $181.00 price target for the company in a research note on Sunday, May 3rd. Wedbush raised their price target on Visa from $170.00 to $200.00 and gave the stock an “outperform” rating in a research note on Monday, April 27th. William Blair reissued an “outperform” rating on shares of Visa in a research note on Wednesday, February 12th. Finally, Oppenheimer raised their price target on Visa from $175.00 to $190.00 and gave the stock an “outperform” rating in a research note on Friday, May 1st. Five research analysts have rated the stock with a hold rating and twenty-five have issued a buy rating to the company’s stock. Visa has a consensus rating of “Buy” and a consensus price target of $202.75.

Visa Company Profile

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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Institutional Ownership by Quarter for Visa (NYSE:V)

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