Visa Inc. (NYSE:V) Shares Sold by Stephens Consulting LLC

Stephens Consulting LLC trimmed its position in Visa Inc. (NYSE:V) by 66.9% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 137 shares of the credit-card processor’s stock after selling 277 shares during the quarter. Stephens Consulting LLC’s holdings in Visa were worth $48,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of V. Capital & Planning LLC raised its holdings in shares of Visa by 21.2% during the 4th quarter. Capital & Planning LLC now owns 949 shares of the credit-card processor’s stock valued at $300,000 after buying an additional 166 shares during the period. Sovereign Investment Advisors LLC purchased a new stake in shares of Visa during the fourth quarter valued at approximately $424,000. Brighton Jones LLC lifted its position in shares of Visa by 50.1% during 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 in the last quarter. Union Bancaire Privee UBP SA purchased a new position in shares of Visa in the fourth quarter valued at $202,074,000. Finally, Revolve Wealth Partners LLC grew its holdings in 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 purchasing an additional 4,817 shares in the last quarter. 82.15% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. Citigroup initiated coverage on shares of Visa in a report on Monday, June 2nd. They issued a “buy” rating on the stock. Susquehanna reiterated a “positive” rating on shares of Visa in a research note on Friday, March 21st. Evercore ISI assumed coverage on Visa in a research note on Wednesday, April 9th. They set an “in-line” rating and a $330.00 price objective for the company. BMO Capital Markets upped their target price on Visa from $370.00 to $380.00 and gave the company an “outperform” rating in a research report on Wednesday, April 30th. Finally, Piper Sandler increased their target price on Visa from $383.00 to $384.00 and gave the company an “overweight” rating in a research note on Wednesday, April 30th. Five research analysts have rated the stock with a hold rating, twenty-three have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $372.80.

Insider Buying and Selling at Visa

In related news, CEO Ryan Mcinerney sold 8,620 shares of the company’s stock in a transaction dated Monday, June 2nd. The shares were sold at an average price of $362.77, for a total value of $3,127,077.40. Following the completion of the sale, the chief executive officer now owns 537 shares of the company’s stock, valued at $194,807.49. This represents a 94.14% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Paul D. Fabara sold 11,636 shares of the firm’s stock in a transaction dated Wednesday, June 11th. The shares were sold at an average price of $375.00, for a total transaction of $4,363,500.00. Following the transaction, the insider now directly owns 26,413 shares in the company, valued at approximately $9,904,875. The trade was a 30.58% decrease in their position. The disclosure for this sale can be found here. Insiders sold 140,448 shares of company stock valued at $50,133,659 in the last ninety days. Company insiders own 0.13% of the company’s stock.

Visa Trading Up 0.7%

Shares of NYSE V opened at $355.23 on Tuesday. Visa Inc. has a 12-month low of $252.70 and a 12-month high of $375.51. The company has a market cap of $655.46 billion, a price-to-earnings ratio of 35.81, a price-to-earnings-growth ratio of 2.33 and a beta of 0.94. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.45. The stock’s 50 day simple moving average is $350.71 and its 200 day simple moving average is $338.05.

Visa (NYSE:V) last posted its earnings results on Tuesday, April 29th. The credit-card processor reported $2.76 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.68 by $0.08. Visa had a return on equity of 54.79% and a net margin of 54.27%. The company had revenue of $9.59 billion for the quarter, compared to analysts’ expectations of $9.57 billion. During the same period last year, the business posted $2.51 earnings per share. The firm’s quarterly revenue was up 9.3% compared to the same quarter last year. Equities research analysts expect that Visa Inc. will post 11.3 EPS for the current year.

Visa Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 2nd. Investors of record on Tuesday, May 13th were given a $0.59 dividend. The ex-dividend date of this dividend was Tuesday, May 13th. This represents a $2.36 annualized dividend and a yield of 0.66%. Visa’s dividend payout ratio is presently 23.72%.

Visa Profile

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.