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

Emfo LLC reduced its position in shares of Visa Inc. (NYSE:V) by 8.0% in the 4th quarter, HoldingsChannel.com reports. The firm owned 8,046 shares of the credit-card processor’s stock after selling 700 shares during the quarter. Visa comprises approximately 1.9% of Emfo LLC’s portfolio, making the stock its 9th biggest holding. Emfo LLC’s holdings in Visa were worth $2,095,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Investment Advisory Services Inc. TX ADV raised its holdings in Visa by 2.0% in the 3rd quarter. Investment Advisory Services Inc. TX ADV now owns 3,930 shares of the credit-card processor’s stock valued at $904,000 after acquiring an additional 78 shares in the last quarter. Towerpoint Wealth LLC acquired a new position in Visa in the 4th quarter valued at $216,000. Wayfinding Financial LLC raised its holdings in Visa by 10.1% in the 3rd quarter. Wayfinding Financial LLC now owns 1,757 shares of the credit-card processor’s stock valued at $406,000 after acquiring an additional 161 shares in the last quarter. Richelieu Gestion SA bought a new position in shares of Visa in the 4th quarter valued at $307,000. Finally, Cooper Financial Group increased its stake in shares of Visa by 6.4% in the 4th quarter. Cooper Financial Group now owns 7,926 shares of the credit-card processor’s stock valued at $2,064,000 after purchasing an additional 476 shares during the last quarter. 82.15% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, CAO Peter M. Andreski sold 2,615 shares of the business’s stock in a transaction dated Wednesday, February 7th. The stock was sold at an average price of $278.88, for a total value of $729,271.20. Following 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 Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CAO Peter M. Andreski sold 2,615 shares of the business’s stock in a transaction dated Wednesday, February 7th. The stock was sold at an average price of $278.88, for a total value of $729,271.20. Following 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 Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Ryan Mcinerney sold 8,150 shares of the company’s stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $273.39, for a total value of $2,228,128.50. The disclosure for this sale can be found here. Insiders have sold 55,511 shares of company stock valued at $15,131,081 in the last ninety days. 0.19% of the stock is owned by company insiders.

Visa Trading Up 0.0 %

NYSE V opened at $271.34 on Wednesday. The business’s 50-day moving average price is $279.93 and its two-hundred day moving average price is $262.49. Visa Inc. has a 12 month low of $216.14 and a 12 month high of $290.96. The firm has a market capitalization of $498.32 billion, a PE ratio of 31.22, a price-to-earnings-growth ratio of 1.87 and a beta of 0.96. The company has a current ratio of 1.45, a quick ratio of 1.45 and a debt-to-equity ratio of 0.54.

Visa (NYSE:V) last released its quarterly earnings results on Thursday, January 25th. The credit-card processor reported $2.41 EPS for the quarter, beating analysts’ consensus estimates of $2.34 by $0.07. The firm had revenue of $8.63 billion for the quarter, compared to analyst estimates of $8.55 billion. Visa had a return on equity of 50.02% and a net margin of 53.92%. The business’s revenue was up 9.3% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.18 EPS. On average, analysts expect that Visa Inc. will post 9.89 EPS for the current year.

Visa Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 1st. Stockholders of record on Friday, February 9th were paid a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a dividend yield of 0.77%. The ex-dividend date of this dividend was Thursday, February 8th. Visa’s dividend payout ratio is 23.94%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on V shares. Redburn Atlantic reiterated a “neutral” rating and issued a $307.00 price target on shares of Visa in a research note on Wednesday, March 27th. Wells Fargo & Company lifted their price target on Visa from $300.00 to $325.00 and gave the company an “overweight” rating in a research note on Wednesday, March 6th. Monness Crespi & Hardt started coverage on Visa in a research note on Wednesday, December 20th. They issued a “neutral” rating on the stock. TD Cowen started coverage on Visa in a research note on Thursday, April 11th. They issued a “buy” rating and a $320.00 price target on the stock. Finally, Mizuho reiterated a “neutral” rating and issued a $265.00 price target on shares of Visa in a research note on Wednesday, March 27th. Five investment analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $296.87.

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.