Exencial Wealth Advisors LLC Sells 2,149 Shares of Visa Inc. $V

Key Points

• Exencial Wealth Advisors LLC has sold 2,149 shares of Visa Inc., reducing its holdings by 2.9% to 72,015 shares, which are now valued at approximately $25.57 million.
• Corporate insiders, including CEO Ryan Mcinerney, have sold significant amounts of Visa stock recently, marking a notable decrease in their positions.
• Analysts have a consensus rating of "Moderate Buy" for Visa with a target price averaging around $392.75, indicating confidence in the company’s performance.

Exencial Wealth Advisors LLC trimmed its holdings in shares of Visa Inc. (NYSE:V - Free Report) by 2.9% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 72,015 shares of the credit-card processor's stock after selling 2,149 shares during the period. Visa makes up 0.9% of Exencial Wealth Advisors LLC's investment portfolio, making the stock its 24th largest holding. Exencial Wealth Advisors LLC's holdings in Visa were worth $25,569,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of V. Keystone Global Partners LLC bought a new position in shares of Visa during the 1st quarter worth approximately $26,000. von Borstel & Associates Inc. bought a new position in shares of Visa during the 1st quarter worth approximately $27,000. Family Legacy Financial Solutions LLC bought a new position in shares of Visa in the 2nd quarter worth $28,000. Harbor Asset Planning Inc. bought a new position in shares of Visa in the 2nd quarter worth $29,000. Finally, Cranbrook Wealth Management LLC lifted its holdings in shares of Visa by 82.0% in the 2nd quarter. Cranbrook Wealth Management LLC now owns 91 shares of the credit-card processor's stock worth $32,000 after purchasing an additional 41 shares in the last quarter. 82.15% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, CEO Ryan Mcinerney sold 10,485 shares of the stock in a transaction on Wednesday, October 1st. The stock was sold at an average price of $342.30, for a total value of $3,589,015.50. Following the completion of the sale, the chief executive officer directly owned 537 shares of the company's stock, valued at approximately $183,815.10. This represents a 95.13% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, General Counsel Julie B. Rottenberg sold 2,027 shares of the firm's stock in a transaction on Monday, August 18th. The shares were sold at an average price of $344.02, for a total value of $697,328.54. Following the sale, the general counsel directly owned 11,925 shares of the company's stock, valued at approximately $4,102,438.50. This represents a 14.53% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.13% of the company's stock.

Wall Street Analyst Weigh In

V has been the topic of a number of recent research reports. Barclays reiterated an "overweight" rating and issued a $408.00 target price (up from $396.00) on shares of Visa in a report on Thursday, July 31st. UBS Group reiterated a "buy" rating and issued a $415.00 target price (up from $405.00) on shares of Visa in a report on Wednesday, July 30th. Oppenheimer increased their target price on Visa from $390.00 to $391.00 and gave the stock an "outperform" rating in a report on Wednesday, July 2nd. Truist Financial cut their target price on Visa from $400.00 to $397.00 and set a "buy" rating on the stock in a report on Thursday, July 17th. Finally, Macquarie increased their target price on Visa from $380.00 to $425.00 and gave the stock an "outperform" rating in a report on Thursday, July 31st. Four analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating and five have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $392.75.

Visa Trading Up 0.4%

NYSE V opened at $347.34 on Friday. The firm has a market capitalization of $636.60 billion, a P/E ratio of 33.92, a PEG ratio of 2.05 and a beta of 0.90. The business has a fifty day simple moving average of $344.79 and a 200 day simple moving average of $347.60. Visa Inc. has a 12 month low of $280.78 and a 12 month high of $375.51. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.52.

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

Visa Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 2nd. Investors of record on Tuesday, August 12th were given a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date of this dividend was Tuesday, August 12th. Visa's dividend payout ratio is presently 23.05%.

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.

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