Vestmark Advisory Solutions Inc. Cuts Stock Position in Visa Inc. $V

Vestmark Advisory Solutions Inc. lessened its holdings in shares of Visa Inc. (NYSE:V) by 7.4% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 42,616 shares of the credit-card processor’s stock after selling 3,424 shares during the quarter. Vestmark Advisory Solutions Inc.’s holdings in Visa were worth $14,548,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently made changes to their positions in V. Sagard Holdings Management Inc. purchased a new position in Visa in the 2nd quarter valued at approximately $31,000. Bare Financial Services Inc raised its stake in shares of Visa by 287.0% in the second quarter. Bare Financial Services Inc now owns 89 shares of the credit-card processor’s stock valued at $32,000 after acquiring an additional 66 shares in the last quarter. Winnow Wealth LLC purchased a new position in Visa in the second quarter valued at $40,000. Quaker Wealth Management LLC boosted its holdings in Visa by 202.7% in the second quarter. Quaker Wealth Management LLC now owns 114 shares of the credit-card processor’s stock valued at $40,000 after purchasing an additional 225 shares during the period. Finally, Decker Retirement Planning Inc. purchased a new stake in Visa during the 2nd quarter worth about $41,000. Institutional investors and hedge funds own 82.15% of the company’s stock.

Visa Stock Performance

Shares of Visa stock opened at $320.90 on Friday. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.51. Visa Inc. has a 52 week low of $299.00 and a 52 week high of $375.51. The firm’s 50 day moving average is $336.40 and its two-hundred day moving average is $338.96. The firm has a market capitalization of $582.49 billion, a P/E ratio of 30.10, a P/E/G ratio of 1.84 and a beta of 0.79.

Visa (NYSE:V) last issued its earnings results on Thursday, January 29th. The credit-card processor reported $3.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.14 by $0.03. Visa had a net margin of 50.23% and a return on equity of 61.74%. The business had revenue of $10.90 billion during the quarter, compared to analysts’ expectations of $10.69 billion. During the same quarter in the prior year, the business posted $2.75 EPS. The company’s revenue for the quarter was up 14.6% on a year-over-year basis. Research analysts forecast that Visa Inc. will post 11.3 EPS for the current fiscal year.

Visa Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, March 2nd. Stockholders of record on Tuesday, February 10th will be given a dividend of $0.67 per share. The ex-dividend date is Tuesday, February 10th. This represents a $2.68 dividend on an annualized basis and a dividend yield of 0.8%. Visa’s payout ratio is 25.14%.

Insider Buying and Selling at Visa

In related news, CEO Ryan Mcinerney sold 10,485 shares of the company’s stock in a transaction dated Friday, January 2nd. The stock was sold at an average price of $349.18, for a total value of $3,661,152.30. Following the completion of the sale, the chief executive officer directly owned 9,401 shares of the company’s stock, valued at $3,282,641.18. This represents a 52.73% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.12% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. TD Cowen reiterated a “buy” rating on shares of Visa in a research note on Friday, January 30th. HSBC raised shares of Visa from a “hold” rating to a “strong-buy” rating in a report on Monday, December 8th. Rothschild & Co Redburn set a $385.00 price target on shares of Visa in a report on Wednesday, January 28th. UBS Group restated a “buy” rating on shares of Visa in a report on Tuesday, January 13th. Finally, Freedom Capital raised shares of Visa from a “hold” rating to a “strong-buy” rating in a research report on Monday, February 16th. Seven equities research analysts have rated the stock with a Strong Buy rating, twenty have issued a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Buy” and an average target price of $391.43.

Visa Profile

Visa Inc is a global payments technology company that facilitates electronic funds transfers and digital commerce by connecting consumers, merchants, financial institutions and governments. The firm operates one of the world’s largest payment networks, providing processing, authorization, clearing and settlement services for credit, debit and prepaid card transactions. Visa’s network-based model enables partner banks and other issuers to offer branded payment products while Visa focuses on the infrastructure, standards and technologies that move money securely and efficiently around the world.

Visa’s product and service portfolio includes card-based payment products for consumers and businesses, real-time push-payment capabilities, tokenization and authentication services, fraud and risk-management tools, data analytics and APIs for fintech and merchant integration.