TCI Wealth Advisors Inc. Has $1.43 Million Position in Visa Inc. (NYSE:V)

TCI Wealth Advisors Inc. cut its position in shares of Visa Inc. (NYSE:V) by 16.2% in the first quarter, Holdings Channel reports. The institutional investor owned 4,076 shares of the credit-card processor’s stock after selling 788 shares during the period. TCI Wealth Advisors Inc.’s holdings in Visa were worth $1,429,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of V. Bradley & Co. Private Wealth Management LLC acquired a new position in shares of Visa during the 4th quarter worth about $27,000. Compass Planning Associates Inc bought a new stake in Visa during the fourth quarter worth about $32,000. NewSquare Capital LLC acquired a new position in Visa during the fourth quarter valued at approximately $35,000. FPC Investment Advisory Inc. grew its stake in Visa by 377.3% in the fourth quarter. FPC Investment Advisory Inc. now owns 105 shares of the credit-card processor’s stock valued at $36,000 after purchasing an additional 83 shares in the last quarter. Finally, Sellwood Investment Partners LLC bought a new position in Visa in the fourth quarter valued at approximately $41,000. Institutional investors and hedge funds own 82.15% of the company’s stock.

Insider Buying and Selling at Visa

In other Visa news, insider Paul D. Fabara sold 46,214 shares of the firm’s stock in a transaction on Thursday, June 5th. The stock was sold at an average price of $370.00, for a total transaction of $17,099,180.00. Following the transaction, the insider now owns 26,413 shares in the company, valued at $9,772,810. This trade represents a 63.63% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Ryan Mcinerney sold 8,620 shares of the company’s stock in a transaction on 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 sale, the chief executive officer now owns 537 shares of the company’s stock, valued at approximately $194,807.49. The trade was a 94.14% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 101,098 shares of company stock valued at $36,738,526 in the last quarter. Company insiders own 0.13% of the company’s stock.

Visa Stock Performance

V opened at $340.16 on Thursday. The business has a fifty day simple moving average of $351.38 and a 200 day simple moving average of $338.20. The company has a market capitalization of $627.64 billion, a PE ratio of 34.19, a price-to-earnings-growth ratio of 2.41 and a beta of 0.94. Visa Inc. has a 1 year low of $252.70 and a 1 year high of $375.51. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.08 and a quick ratio of 1.08.

Visa (NYSE:V) last posted its earnings results on Tuesday, April 29th. The credit-card processor reported $2.76 earnings per share for the quarter, topping analysts’ consensus estimates of $2.68 by $0.08. The company had revenue of $9.59 billion during the quarter, compared to the consensus estimate of $9.57 billion. Visa had a return on equity of 56.28% and a net margin of 52.86%. The company’s revenue was up 9.3% on a year-over-year basis. During the same quarter last year, the firm earned $2.51 earnings per share. Research analysts expect that Visa Inc. will post 11.3 EPS for the current year.

Visa Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 2nd. Shareholders of record on Tuesday, May 13th were paid a $0.59 dividend. This represents a $2.36 annualized dividend and a yield of 0.69%. The ex-dividend date of this dividend was Tuesday, May 13th. Visa’s dividend payout ratio (DPR) is 23.72%.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on V. Mizuho upgraded Visa from a “neutral” rating to an “outperform” rating and upped their price objective for the stock from $359.00 to $425.00 in a research note on Thursday, June 5th. The Goldman Sachs Group assumed coverage on shares of Visa in a research report on Monday, June 2nd. They set a “neutral” rating on the stock. UBS Group increased their price target on shares of Visa from $395.00 to $405.00 and gave the company a “buy” rating in a research note on Wednesday, May 28th. William Blair restated an “outperform” rating on shares of Visa in a research note on Wednesday, April 30th. Finally, Evercore ISI began coverage on shares of Visa in a research note on Wednesday, April 9th. They issued an “in-line” rating and a $330.00 target price for the company. Five analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $372.80.

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.