Exencial Wealth Advisors LLC Trims Stock Position in Visa Inc. (NYSE:V)

Key Points

• Exencial Wealth Advisors LLC has reduced its stake in Visa Inc. by 17.3%, selling 15,535 shares, leaving them with 74,164 shares valued at approximately $25.99 million.
• Insiders, including CEO Ryan Mcinerney and Paul D. Fabara, have sold significant amounts of Visa stock recently, with total insider sales reaching nearly $32.9 million in the past 90 days.
• Visa's recent quarterly earnings exceeded expectations, reporting $2.98 EPS against an analyst consensus of $2.85, alongside a revenue increase of 14.3% year-over-year.

Exencial Wealth Advisors LLC trimmed its holdings in shares of Visa Inc. (NYSE:V - Free Report) by 17.3% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 74,164 shares of the credit-card processor's stock after selling 15,535 shares during the quarter. Visa comprises about 1.0% of Exencial Wealth Advisors LLC's holdings, making the stock its 21st largest position. Exencial Wealth Advisors LLC's holdings in Visa were worth $25,991,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. GAMMA Investing LLC raised its position in shares of Visa by 38,416.3% during the 1st quarter. GAMMA Investing LLC now owns 14,761,375 shares of the credit-card processor's stock valued at $5,173,271,000 after buying an additional 14,723,050 shares in the last quarter. Northern Trust Corp increased its stake in Visa by 18.0% in the fourth quarter. Northern Trust Corp now owns 18,260,714 shares of the credit-card processor's stock valued at $5,771,116,000 after acquiring an additional 2,785,707 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in Visa during the fourth quarter valued at about $673,689,000. Sanders Capital LLC bought a new stake in Visa during the fourth quarter worth about $623,022,000. Finally, Kovitz Investment Group Partners LLC lifted its stake in Visa by 295.4% during the fourth quarter. Kovitz Investment Group Partners LLC now owns 2,362,202 shares of the credit-card processor's stock worth $746,550,000 after purchasing an additional 1,764,781 shares during the last quarter. 82.15% of the stock is currently owned by institutional investors.

Visa Stock Up 1.4%

NYSE V traded up $4.77 during trading hours on Friday, reaching $336.86. 6,071,880 shares of the company's stock traded hands, compared to its average volume of 6,647,456. Visa Inc. has a 52-week low of $258.74 and a 52-week high of $375.51. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.12 and a quick ratio of 1.12. The firm has a 50-day simple moving average of $353.36 and a 200 day simple moving average of $346.87. The firm has a market cap of $621.56 billion, a PE ratio of 32.90, a PEG ratio of 2.27 and a beta of 0.94.

Visa (NYSE:V - Get Free Report) last released its earnings results on Tuesday, July 29th. The credit-card processor reported $2.98 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.85 by $0.13. Visa had a net margin of 52.16% and a return on equity of 58.93%. 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 business earned $2.42 earnings per share. The business's revenue was up 14.3% on a year-over-year basis. Sell-side analysts anticipate that Visa Inc. will post 11.3 EPS for the current fiscal year.

Visa Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 2nd. Stockholders of record on Tuesday, August 12th will be issued 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 dividend yield of 0.7%. Visa's dividend payout ratio is presently 23.05%.

Insider Buying and Selling

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

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on V shares. Raymond James Financial reissued an "outperform" rating on shares of Visa in a report on Wednesday, July 30th. Wall Street Zen upgraded shares of Visa from a "hold" rating to a "buy" rating in a report on Monday, May 12th. Citigroup started coverage on shares of Visa in a report on Monday, June 2nd. They set a "buy" rating on the stock. UBS Group reiterated a "buy" rating and issued a $415.00 target price (up previously from $405.00) on shares of Visa in a research report on Wednesday, July 30th. Finally, Mizuho upgraded Visa from a "neutral" rating to an "outperform" rating and increased their target price for the company from $359.00 to $425.00 in a report on Thursday, June 5th. Five investment analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, Visa presently has a consensus rating of "Moderate Buy" and an average target price of $380.84.

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.