Visa Inc. (NYSE:V) Shares Sold by Financial Management Professionals Inc.

Financial Management Professionals Inc. lessened its position in Visa Inc. (NYSE:V) by 6.1% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 809 shares of the credit-card processor’s stock after selling 53 shares during the period. Financial Management Professionals Inc.’s holdings in Visa were worth $226,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Livelsberger Financial Advisory purchased a new stake in Visa in the fourth quarter valued at approximately $25,000. Westend Capital Management LLC purchased a new stake in Visa in the first quarter valued at approximately $25,000. O Brien Wealth Partners LLC purchased a new stake in Visa in the fourth quarter valued at approximately $32,000. Frank Rimerman Advisors LLC purchased a new stake in Visa in the fourth quarter valued at approximately $33,000. Finally, Valued Wealth Advisors LLC purchased a new stake in Visa in the fourth quarter valued at approximately $37,000. Institutional investors and hedge funds own 82.15% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on V shares. Royal Bank of Canada boosted their target price on shares of Visa from $309.00 to $315.00 and gave the company an “outperform” rating in a report on Wednesday, April 24th. TD Cowen started coverage on shares of Visa in a report on Thursday, April 11th. They issued a “buy” rating and a $320.00 target price for the company. Macquarie boosted their price objective on shares of Visa from $290.00 to $300.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 24th. Mizuho boosted their price objective on shares of Visa from $265.00 to $275.00 and gave the stock a “neutral” rating in a research note on Thursday, May 2nd. Finally, Piper Sandler started coverage on shares of Visa in a research note on Monday, May 13th. They set an “overweight” rating and a $322.00 price objective for the company. Five investment analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the company’s stock. Based on data from MarketBeat, Visa presently has a consensus rating of “Moderate Buy” and a consensus price target of $303.56.

Insider Buying and Selling at Visa

In other news, insider Paul D. Fabara sold 25,293 shares of the firm’s stock in a transaction dated Wednesday, May 15th. The shares were sold at an average price of $277.15, for a total value of $7,009,954.95. Following the transaction, the insider now directly owns 17,894 shares in the company, valued at approximately $4,959,322.10. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In other news, insider Paul D. Fabara sold 25,293 shares of the firm’s stock in a transaction dated Wednesday, May 15th. The shares were sold at an average price of $277.15, for a total value of $7,009,954.95. Following the transaction, the insider now directly owns 17,894 shares in the company, valued at approximately $4,959,322.10. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Ryan Mcinerney sold 8,200 shares of the firm’s stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $280.36, for a total transaction of $2,298,952.00. Following the completion of the transaction, the chief executive officer now owns 538 shares in the company, valued at $150,833.68. The disclosure for this sale can be found here. Insiders have sold 34,402 shares of company stock worth $9,559,382 in the last ninety days. 0.19% of the stock is owned by insiders.

Visa Trading Down 1.5 %

NYSE V opened at $262.47 on Friday. Visa Inc. has a 12 month low of $227.68 and a 12 month high of $290.96. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.40 and a quick ratio of 1.40. The company has a market capitalization of $480.04 billion, a price-to-earnings ratio of 29.33, a price-to-earnings-growth ratio of 1.80 and a beta of 0.97. The company’s fifty day moving average price is $273.88 and its two-hundred day moving average price is $273.50.

Visa (NYSE:V) last posted its quarterly earnings data on Tuesday, April 23rd. The credit-card processor reported $2.51 EPS for the quarter, beating analysts’ consensus estimates of $2.43 by $0.08. Visa had a net margin of 53.87% and a return on equity of 51.23%. The firm had revenue of $8.78 billion for the quarter, compared to the consensus estimate of $8.62 billion. During the same period in the prior year, the firm posted $2.09 EPS. The firm’s revenue was up 9.9% compared to the same quarter last year. As a group, research analysts predict that Visa Inc. will post 9.94 earnings per share for the current fiscal year.

Visa Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 3rd. Shareholders of record on Friday, May 17th were paid a dividend of $0.52 per share. The ex-dividend date of this dividend was Thursday, May 16th. This represents a $2.08 dividend on an annualized basis and a yield of 0.79%. Visa’s dividend payout ratio (DPR) is 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.