Aigen Investment Management LP Decreases Stake in Visa Inc. (NYSE:V)

Aigen Investment Management LP lowered its position in shares of Visa Inc. (NYSE:V - Free Report) by 82.5% in the first quarter, according to its most recent 13F filing with the SEC. The firm owned 998 shares of the credit-card processor's stock after selling 4,696 shares during the quarter. Aigen Investment Management LP's holdings in Visa were worth $350,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of the company. von Borstel & Associates Inc. acquired a new stake in Visa in the first quarter worth $27,000. Measured Risk Portfolios Inc. acquired a new stake in Visa in the fourth quarter worth $47,000. Navigoe LLC acquired a new stake in Visa in the fourth quarter worth $53,000. O Brien Wealth Partners LLC acquired a new position in shares of Visa during the first quarter valued at $54,000. Finally, Global X Japan Co. Ltd. acquired a new position in shares of Visa during the first quarter valued at $56,000. Hedge funds and other institutional investors own 82.15% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have recently commented on V shares. Mizuho raised Visa from a "neutral" rating to an "outperform" rating and raised their price target for the company from $359.00 to $425.00 in a report on Thursday, June 5th. Morgan Stanley raised their price target on Visa from $386.00 to $402.00 and gave the company an "overweight" rating in a report on Wednesday, July 30th. Jefferies Financial Group raised their price target on Visa from $400.00 to $410.00 and gave the company a "buy" rating in a report on Tuesday, May 27th. The Goldman Sachs Group started coverage on Visa in a report on Monday, June 2nd. They set a "neutral" rating on the stock. Finally, Raymond James Financial reissued an "outperform" rating on shares of Visa in a report on Wednesday, July 30th. Five investment analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $380.84.

Insider Transactions at Visa

In other news, CEO Ryan Mcinerney sold 8,630 shares of Visa stock in a transaction dated Tuesday, July 1st. The stock was sold at an average price of $353.82, for a total transaction of $3,053,466.60. Following the completion of the sale, the chief executive officer directly owned 537 shares in the company, valued at $190,001.34. The trade was a 94.14% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Paul D. Fabara sold 11,636 shares of the business's stock in a transaction that occurred on Wednesday, June 11th. The shares were sold at an average price of $375.00, for a total value of $4,363,500.00. Following the completion of the sale, the insider directly owned 26,413 shares of the company's stock, valued at approximately $9,904,875. The trade was a 30.58% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 75,100 shares of company stock valued at $27,643,224 over the last 90 days. Corporate insiders own 0.13% of the company's stock.

Visa Trading Up 1.8%

Shares of NYSE V opened at $342.66 on Thursday. Visa Inc. has a one year low of $258.74 and a one year high of $375.51. The firm has a market capitalization of $628.02 billion, a PE ratio of 33.46, a PEG ratio of 2.24 and a beta of 0.94. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.52. The business has a 50-day moving average price of $351.11 and a two-hundred day moving average price of $347.19.

Visa (NYSE:V - Get Free Report) last announced its quarterly earnings data on Tuesday, July 29th. The credit-card processor reported $2.98 EPS for the quarter, topping analysts' consensus estimates of $2.85 by $0.13. Visa had a return on equity of 58.93% and a net margin of 52.16%. The firm had revenue of $10.17 billion during the quarter, compared to analyst estimates of $9.82 billion. During the same period last year, the company posted $2.42 EPS. The business's quarterly revenue was up 14.3% compared to the same quarter last year. As a group, analysts predict that Visa Inc. will post 11.3 earnings per share for the current fiscal year.

Visa Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 2nd. Shareholders of record on Tuesday, August 12th will be given a dividend of $0.59 per share. The ex-dividend date is Tuesday, August 12th. This represents a $2.36 dividend on an annualized basis and a yield of 0.7%. Visa's dividend payout ratio (DPR) is presently 23.05%.

Visa 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.

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