Leisure Capital Management Has $1.45 Million Holdings in Visa Inc. (NYSE:V)

Leisure Capital Management cut its position in shares of Visa Inc. (NYSE:V) by 14.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 5,577 shares of the credit-card processor’s stock after selling 959 shares during the quarter. Leisure Capital Management’s holdings in Visa were worth $1,452,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. FMR LLC raised its holdings in shares of Visa by 4.7% during the third quarter. FMR LLC now owns 50,357,747 shares of the credit-card processor’s stock valued at $11,582,785,000 after purchasing an additional 2,257,605 shares during the period. Northern Trust Corp increased its position in shares of Visa by 4.7% during the third quarter. Northern Trust Corp now owns 17,073,700 shares of the credit-card processor’s stock worth $3,927,122,000 after acquiring an additional 763,505 shares in the last quarter. Ameriprise Financial Inc. raised its holdings in shares of Visa by 2.7% in the 3rd quarter. Ameriprise Financial Inc. now owns 14,229,004 shares of the credit-card processor’s stock worth $3,272,846,000 after acquiring an additional 374,489 shares during the last quarter. Jennison Associates LLC raised its holdings in shares of Visa by 0.7% in the 4th quarter. Jennison Associates LLC now owns 11,824,113 shares of the credit-card processor’s stock worth $3,078,408,000 after acquiring an additional 85,123 shares during the last quarter. Finally, Brown Advisory Inc. raised its holdings in shares of Visa by 1.5% in the 3rd quarter. Brown Advisory Inc. now owns 7,542,434 shares of the credit-card processor’s stock worth $1,734,835,000 after acquiring an additional 108,280 shares during the last quarter. 82.15% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Visa news, Director Lloyd Carney sold 909 shares of the business’s stock in a transaction that occurred on Friday, April 26th. The shares were sold at an average price of $275.55, for a total value of $250,474.95. Following the completion of the transaction, the director now owns 2,591 shares of the company’s stock, valued at approximately $713,950.05. The transaction was disclosed in a filing with the SEC, which is available through this link. In other news, CEO Ryan Mcinerney sold 8,150 shares of the company’s stock in a transaction on Thursday, February 1st. The shares were sold at an average price of $273.39, for a total value of $2,228,128.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Lloyd Carney sold 909 shares of the company’s stock in a transaction on Friday, April 26th. The shares were sold at an average price of $275.55, for a total transaction of $250,474.95. Following the completion of the sale, the director now directly owns 2,591 shares of the company’s stock, valued at approximately $713,950.05. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 19,874 shares of company stock valued at $5,506,827. Company insiders own 0.19% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on V. Wedbush upped their target price on shares of Visa from $280.00 to $300.00 and gave the stock an “outperform” rating in a report on Wednesday. Evercore ISI boosted their price target on shares of Visa from $325.00 to $335.00 and gave the stock an “outperform” rating in a report on Tuesday, March 26th. Barclays boosted their price target on shares of Visa from $304.00 to $319.00 and gave the stock an “overweight” rating in a report on Monday, January 29th. Mizuho restated a “neutral” rating and set a $265.00 price target on shares of Visa in a report on Wednesday, March 27th. Finally, Keefe, Bruyette & Woods boosted their price target on shares of Visa from $305.00 to $315.00 and gave the stock an “outperform” rating in a report on Friday, January 26th. Five equities research analysts have rated the stock with a hold rating and twenty have given a buy rating to the company. Based on data from MarketBeat.com, Visa presently has a consensus rating of “Moderate Buy” and an average target price of $302.58.

Visa Stock Performance

Shares of NYSE V traded down $0.64 during midday trading on Friday, hitting $274.52. The company’s stock had a trading volume of 6,840,615 shares, compared to its average volume of 6,528,673. The stock has a fifty day moving average price of $279.24 and a 200 day moving average price of $264.33. Visa Inc. has a one year low of $216.14 and a one year high of $290.96. The company has a current ratio of 1.40, a quick ratio of 1.45 and a debt-to-equity ratio of 0.53. The firm has a market capitalization of $504.16 billion, a price-to-earnings ratio of 30.67, a P/E/G ratio of 1.89 and a beta of 0.96.

Visa (NYSE:V) last posted its earnings results on Tuesday, April 23rd. The credit-card processor reported $2.51 earnings per share for the quarter, topping analysts’ consensus estimates of $2.43 by $0.08. The business had revenue of $8.78 billion for the quarter, compared to analyst estimates of $8.62 billion. Visa had a net margin of 53.87% and a return on equity of 51.23%. Visa’s revenue was up 9.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.09 EPS. On average, research analysts forecast that Visa Inc. will post 9.89 EPS for the current fiscal year.

Visa Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 3rd. Investors of record on Friday, May 17th will be issued a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a yield of 0.76%. The ex-dividend date of this dividend is Thursday, May 16th. Visa’s dividend payout ratio (DPR) is presently 23.24%.

Visa Company 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.