Saybrook Capital NC Sells 235 Shares of Visa Inc. (NYSE:V)

Saybrook Capital NC trimmed its stake in shares of Visa Inc. (NYSE:V) by 0.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 69,756 shares of the credit-card processor’s stock after selling 235 shares during the period. Visa comprises 5.0% of Saybrook Capital NC’s holdings, making the stock its 9th largest position. Saybrook Capital NC’s holdings in Visa were worth $18,161,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. GoalVest Advisory LLC lifted its holdings in shares of Visa by 3.4% during the 4th quarter. GoalVest Advisory LLC now owns 1,217 shares of the credit-card processor’s stock valued at $317,000 after acquiring an additional 40 shares in the last quarter. Destiny Wealth Partners LLC raised its position in Visa by 2.5% in the fourth quarter. Destiny Wealth Partners LLC now owns 1,668 shares of the credit-card processor’s stock valued at $433,000 after purchasing an additional 40 shares during the period. Sunflower Bank N.A. raised its position in Visa by 1.3% in the fourth quarter. Sunflower Bank N.A. now owns 3,143 shares of the credit-card processor’s stock valued at $818,000 after purchasing an additional 41 shares during the period. HWG Holdings LP raised its position in Visa by 18.4% in the second quarter. HWG Holdings LP now owns 270 shares of the credit-card processor’s stock valued at $64,000 after purchasing an additional 42 shares during the period. Finally, Parker Financial LLC raised its position in Visa by 4.8% in the fourth quarter. Parker Financial LLC now owns 925 shares of the credit-card processor’s stock valued at $241,000 after purchasing an additional 42 shares during the period. 82.15% of the stock is owned by institutional investors and hedge funds.

Visa Stock Performance

V opened at $272.69 on Thursday. The business’s 50 day moving average is $279.80 and its 200-day moving average is $262.56. The stock has a market cap of $500.80 billion, a PE ratio of 31.38, 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 Inc. has a twelve month low of $216.14 and a twelve month high of $290.96.

Visa (NYSE:V) last announced its earnings results on Thursday, January 25th. The credit-card processor reported $2.41 EPS for the quarter, topping the consensus estimate of $2.34 by $0.07. Visa had a return on equity of 50.02% and a net margin of 53.92%. The firm had revenue of $8.63 billion for the quarter, compared to analysts’ expectations of $8.55 billion. During the same quarter in the previous year, the company earned $2.18 earnings per share. The firm’s quarterly revenue was up 9.3% compared to the same quarter last year. On average, analysts predict that Visa Inc. will post 9.88 earnings per share for the current year.

Visa Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 1st. Investors of record on Friday, February 9th were issued a dividend of $0.52 per share. The ex-dividend date of this dividend was Thursday, February 8th. This represents a $2.08 annualized dividend and a yield of 0.76%. Visa’s payout ratio is 23.94%.

Insider Buying and Selling

In other Visa news, insider Rajat Taneja sold 36,546 shares of Visa stock in a transaction that occurred on Friday, January 19th. The shares were sold at an average price of $270.20, for a total transaction of $9,874,729.20. Following the transaction, the insider now directly owns 232,112 shares in the company, valued at approximately $62,716,662.40. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In other news, insider Rajat Taneja sold 36,546 shares of the business’s stock in a transaction on Friday, January 19th. The shares were sold at an average price of $270.20, for a total transaction of $9,874,729.20. Following the transaction, the insider now directly owns 232,112 shares in the company, valued at approximately $62,716,662.40. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Ryan Mcinerney sold 8,150 shares of the business’s stock in a transaction on Thursday, February 1st. The shares were sold at an average price of $273.39, for a total transaction of $2,228,128.50. The disclosure for this sale can be found here. Insiders have sold a total of 55,511 shares of company stock valued at $15,131,081 over the last quarter. Corporate insiders own 0.19% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have commented on the company. UBS Group raised their price objective on Visa from $305.00 to $315.00 and gave the company a “buy” rating in a research report on Friday, January 26th. KeyCorp raised their target price on Visa from $275.00 to $300.00 and gave the company an “overweight” rating in a research note on Monday, January 8th. Barclays raised their target price on Visa from $304.00 to $319.00 and gave the company an “overweight” rating in a research note on Monday, January 29th. Citigroup raised their target price on Visa from $296.00 to $306.00 and gave the company a “buy” rating in a research note on Thursday, January 18th. Finally, William Blair restated an “outperform” rating on shares of Visa in a research note on Friday, January 26th. Five research analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $298.43.

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.