Csenge Advisory Group Cuts Position in Visa Inc. (NYSE:V)

Csenge Advisory Group lowered its stake in Visa Inc. (NYSE:V - Free Report) by 9.2% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 13,146 shares of the credit-card processor's stock after selling 1,339 shares during the quarter. Csenge Advisory Group's holdings in Visa were worth $4,333,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. von Borstel & Associates Inc. bought a new stake in shares of Visa in the 1st quarter worth $27,000. Sellwood Investment Partners LLC purchased a new stake in Visa in the 4th quarter worth approximately $41,000. Mountain Hill Investment Partners Corp. purchased a new stake in shares of Visa during the fourth quarter worth $47,000. Measured Risk Portfolios Inc. acquired a new stake in shares of Visa during the 4th quarter valued at about $47,000. Finally, Navigoe LLC bought a new position in Visa during the fourth quarter valued at approximately $53,000. 82.15% of the stock is currently owned by institutional investors and hedge funds.

Visa Stock Down 0.3%

V opened at $348.90 on Friday. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.08 and a current ratio of 1.08. The stock has a fifty day moving average of $356.82 and a 200-day moving average of $343.63. Visa Inc. has a fifty-two week low of $252.70 and a fifty-two week high of $375.51. The company has a market capitalization of $643.78 billion, a P/E ratio of 35.07, a P/E/G ratio of 2.37 and a beta of 0.92.

Visa (NYSE:V - Get Free Report) last announced its quarterly earnings results on Tuesday, April 29th. The credit-card processor reported $2.76 EPS for the quarter, beating analysts' consensus estimates of $2.68 by $0.08. Visa had a return on equity of 56.28% and a net margin of 52.86%. The company had revenue of $9.59 billion during the quarter, compared to analysts' expectations of $9.57 billion. During the same period in the prior year, the company earned $2.51 EPS. Visa's revenue was up 9.3% compared to the same quarter last year. On average, equities analysts expect that Visa Inc. will post 11.3 EPS for the current year.

Visa Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, June 2nd. Stockholders of record on Tuesday, May 13th were given a $0.59 dividend. The ex-dividend date of this dividend was Tuesday, May 13th. This represents a $2.36 dividend on an annualized basis and a dividend yield of 0.68%. Visa's dividend payout ratio (DPR) is currently 23.72%.

Insider Activity

In other news, insider Paul D. Fabara sold 11,636 shares of the firm'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 transaction of $4,363,500.00. Following the completion of the sale, the insider owned 26,413 shares of the company's stock, valued at $9,904,875. This trade represents a 30.58% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, General Counsel Julie B. Rottenberg sold 2,575 shares of the business's stock in a transaction on Thursday, May 1st. The shares were sold at an average price of $345.58, for a total transaction of $889,868.50. Following the transaction, the general counsel owned 11,925 shares in the company, valued at $4,121,041.50. The trade was a 17.76% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 101,108 shares of company stock valued at $36,771,200. 0.13% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

V has been the subject of several recent research reports. Macquarie dropped their price target on shares of Visa from $400.00 to $380.00 and set an "outperform" rating for the company in a research report on Wednesday, April 30th. BMO Capital Markets increased their target price on Visa from $370.00 to $380.00 and gave the stock an "outperform" rating in a report on Wednesday, April 30th. Truist Financial cut their price target on Visa from $400.00 to $397.00 and set a "buy" rating for the company in a report on Thursday. The Goldman Sachs Group began coverage on shares of Visa in a report on Monday, June 2nd. They set a "neutral" rating on the stock. Finally, Wall Street Zen raised shares of Visa from a "hold" rating to a "buy" rating in a research note on Monday, May 12th. Five equities research analysts have rated the stock with a hold rating, twenty-three have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $375.52.

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.

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