Cambridge Investment Research Advisors Inc. Sells 9,395 Shares of Visa Inc. (NYSE:V)

Cambridge Investment Research Advisors Inc. lowered its stake in shares of Visa Inc. (NYSE:V - Free Report) by 2.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 365,055 shares of the credit-card processor's stock after selling 9,395 shares during the quarter. Cambridge Investment Research Advisors Inc.'s holdings in Visa were worth $115,372,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of the stock. Hirtle Callaghan & Co LLC grew its stake in Visa by 1.3% during the fourth quarter. Hirtle Callaghan & Co LLC now owns 2,291 shares of the credit-card processor's stock worth $724,000 after purchasing an additional 29 shares during the period. Elevation Wealth Partners LLC boosted its holdings in shares of Visa by 3.3% during the 4th quarter. Elevation Wealth Partners LLC now owns 939 shares of the credit-card processor's stock worth $297,000 after buying an additional 30 shares in the last quarter. Warther Private Wealth LLC grew its position in shares of Visa by 1.0% during the 4th quarter. Warther Private Wealth LLC now owns 2,935 shares of the credit-card processor's stock worth $928,000 after buying an additional 30 shares during the period. Valmark Advisers Inc. increased its stake in shares of Visa by 0.4% in the 4th quarter. Valmark Advisers Inc. now owns 7,251 shares of the credit-card processor's stock valued at $2,292,000 after acquiring an additional 30 shares in the last quarter. Finally, Strategic Family Wealth Counselors L.L.C. lifted its position in shares of Visa by 0.4% during the 4th quarter. Strategic Family Wealth Counselors L.L.C. now owns 7,283 shares of the credit-card processor's stock valued at $2,302,000 after acquiring an additional 30 shares during the period. 82.15% of the stock is owned by institutional investors.

Insider Transactions at Visa

In other news, insider Paul D. Fabara sold 39,350 shares of the business's stock in a transaction that occurred on Friday, March 14th. The shares were sold at an average price of $327.20, for a total value of $12,875,320.00. Following the sale, the insider now owns 26,413 shares of the company's stock, valued at $8,642,333.60. The trade was a 59.84 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, General Counsel Julie B. Rottenberg sold 2,575 shares of the firm's stock in a transaction that occurred on Thursday, May 1st. The stock was sold at an average price of $345.58, for a total transaction of $889,868.50. Following the completion of the transaction, the general counsel now directly owns 11,925 shares of the company's stock, valued at approximately $4,121,041.50. This trade represents a 17.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 121,948 shares of company stock worth $41,548,282 in the last quarter. Insiders own 0.13% of the company's stock.

Visa Stock Performance

V stock traded up $1.68 during midday trading on Friday, hitting $352.95. The company's stock had a trading volume of 3,086,498 shares, compared to its average volume of 7,183,453. The stock has a market cap of $655.70 billion, a price-to-earnings ratio of 35.58, a PEG ratio of 2.33 and a beta of 0.96. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.45. The stock's 50-day moving average price is $336.96 and its 200 day moving average price is $326.25. Visa Inc. has a 1 year low of $252.70 and a 1 year high of $366.54.

Visa (NYSE:V - Get Free Report) last issued its quarterly earnings results on Tuesday, April 29th. The credit-card processor reported $2.76 earnings per share for the quarter, topping analysts' consensus estimates of $2.68 by $0.08. The company had revenue of $9.59 billion for the quarter, compared to the consensus estimate of $9.57 billion. Visa had a net margin of 54.27% and a return on equity of 54.79%. The firm's quarterly revenue was up 9.3% on a year-over-year basis. During the same period in the previous year, the firm earned $2.51 EPS. On average, equities analysts forecast that Visa Inc. will post 11.3 EPS for the current year.

Visa Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 2nd. Stockholders of record on Tuesday, May 13th will be given a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a dividend yield of 0.67%. The ex-dividend date is Tuesday, May 13th. Visa's dividend payout ratio is currently 23.72%.

Analyst Ratings Changes

A number of equities research analysts have commented on V shares. Barclays raised their price target on shares of Visa from $361.00 to $396.00 and gave the stock an "overweight" rating in a report on Monday, February 3rd. Evercore ISI started coverage on Visa in a research note on Wednesday, April 9th. They issued an "in-line" rating and a $330.00 target price for the company. UBS Group dropped their price target on Visa from $400.00 to $395.00 and set a "buy" rating on the stock in a research note on Wednesday, April 30th. JPMorgan Chase & Co. raised their price objective on Visa from $340.00 to $375.00 and gave the company an "overweight" rating in a research note on Friday, January 31st. Finally, The Goldman Sachs Group boosted their price objective on Visa from $346.00 to $384.00 and gave the company a "buy" rating in a report on Friday, January 31st. Seven research analysts have rated the stock with a hold rating, twenty have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $362.38.

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.