Visa Inc. (NYSE:V) Stock Holdings Cut by Profund Advisors LLC

Profund Advisors LLC trimmed its holdings in shares of Visa Inc. (NYSE:VFree Report) by 4.7% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 22,777 shares of the credit-card processor’s stock after selling 1,122 shares during the quarter. Profund Advisors LLC’s holdings in Visa were worth $5,239,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of V. Hibernia Wealth Partners LLC acquired a new stake in shares of Visa in the third quarter valued at about $25,000. Altshuler Shaham Ltd bought a new stake in shares of Visa in the third quarter valued at about $25,000. West Tower Group LLC bought a new stake in shares of Visa in the second quarter valued at about $30,000. Financial Freedom LLC bought a new stake in shares of Visa in the fourth quarter valued at about $32,000. Finally, Nalls Sherbakoff Group LLC lifted its stake in shares of Visa by 545.5% in the third quarter. Nalls Sherbakoff Group LLC now owns 142 shares of the credit-card processor’s stock valued at $33,000 after buying an additional 120 shares during the period. 81.35% of the stock is owned by institutional investors and hedge funds.

Visa Trading Down 0.1 %

Shares of Visa stock traded down $0.15 on Friday, hitting $283.60. 5,107,693 shares of the company’s stock traded hands, compared to its average volume of 5,259,130. The firm’s 50-day moving average price is $268.90 and its two-hundred day moving average price is $252.08. The stock has a market capitalization of $520.83 billion, a PE ratio of 32.64, a price-to-earnings-growth ratio of 1.96 and a beta of 0.97. Visa Inc. has a one year low of $208.76 and a one year high of $285.95. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.45 and a quick ratio of 1.45.

Visa (NYSE:VGet Free Report) last issued its earnings results on Thursday, January 25th. The credit-card processor reported $2.41 EPS for the quarter, beating the consensus estimate of $2.34 by $0.07. The company had revenue of $8.63 billion during the quarter, compared to analysts’ expectations of $8.55 billion. Visa had a net margin of 53.92% and a return on equity of 50.02%. The business’s revenue for the quarter was up 9.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.18 EPS. On average, research analysts expect that Visa Inc. will post 9.9 EPS for the current fiscal year.

Visa Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 1st. Stockholders of record on Friday, February 9th will be issued a $0.52 dividend. This represents a $2.08 annualized dividend and a dividend yield of 0.73%. The ex-dividend date of this dividend is Thursday, February 8th. Visa’s dividend payout ratio (DPR) is 23.94%.

Insider Activity

In related news, CEO Ryan Mcinerney sold 8,150 shares of the company’s stock in a transaction on Friday, December 1st. The shares were sold at an average price of $255.79, for a total value of $2,084,688.50. Following the completion of the transaction, the chief executive officer now directly owns 29,152 shares of the company’s stock, valued at approximately $7,456,790.08. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, CAO Peter M. Andreski sold 2,615 shares of the company’s stock in a transaction on Wednesday, February 7th. The shares were sold at an average price of $278.88, for a total value of $729,271.20. Following the completion of the transaction, the chief accounting officer now directly owns 4,898 shares of the company’s stock, valued at approximately $1,365,954.24. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Ryan Mcinerney sold 8,150 shares of the business’s stock in a transaction dated Friday, December 1st. The stock was sold at an average price of $255.79, for a total transaction of $2,084,688.50. Following the sale, the chief executive officer now directly owns 29,152 shares in the company, valued at $7,456,790.08. The disclosure for this sale can be found here. Insiders sold 80,461 shares of company stock valued at $21,417,817 in the last quarter. Company insiders own 0.19% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently weighed in on V shares. Mizuho increased their target price on shares of Visa from $243.00 to $265.00 and gave the company a “neutral” rating in a research note on Thursday, January 18th. UBS Group upped their price objective on Visa from $305.00 to $315.00 and gave the company a “buy” rating in a research note on Friday, January 26th. KeyCorp upped their price objective on Visa from $275.00 to $300.00 and gave the company an “overweight” rating in a research note on Monday, January 8th. William Blair reiterated an “outperform” rating on shares of Visa in a research note on Friday, January 26th. Finally, Wedbush upped their price objective on Visa from $270.00 to $280.00 and gave the company an “outperform” rating in a research note on Friday, January 26th. Four analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $290.55.

Read Our Latest Report on V

Visa Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Visa (NYSE:V)

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