Frank Rimerman Advisors LLC Lowers Holdings in Visa Inc. (NYSE:V)

Key Points

• Frank Rimerman Advisors LLC has reduced its position in Visa Inc. by 3.3%, now holding 28,831 shares valued at approximately $10.10 million, making Visa its 16th largest investment.
• Insiders have actively sold Visa stock, with notable sales including Paul D. Fabara selling 11,636 shares and CEO Ryan Mcinerney selling 8,630 shares, indicating a combined reduction in their holdings.
• Visa reported a strong quarterly earnings result with an EPS of $2.98, surpassing expectations, and a revenue of $10.17 billion, reflecting a 14.3% year-over-year increase.

Frank Rimerman Advisors LLC cut its holdings in shares of Visa Inc. (NYSE:V - Free Report) by 3.3% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 28,831 shares of the credit-card processor's stock after selling 985 shares during the quarter. Visa makes up approximately 0.8% of Frank Rimerman Advisors LLC's portfolio, making the stock its 16th largest holding. Frank Rimerman Advisors LLC's holdings in Visa were worth $10,104,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in V. von Borstel & Associates Inc. purchased a new stake in shares of Visa in the first quarter worth about $27,000. Measured Risk Portfolios Inc. purchased a new stake in shares of Visa in the fourth quarter worth about $47,000. Navigoe LLC purchased a new stake in Visa in the fourth quarter valued at approximately $53,000. O Brien Wealth Partners LLC purchased a new stake in Visa in the first quarter valued at approximately $54,000. Finally, Global X Japan Co. Ltd. purchased a new stake in Visa in the first quarter valued at approximately $56,000. 82.15% of the stock is owned by hedge funds and other institutional investors.

Visa Trading Up 1.4%

Shares of Visa stock traded up $4.77 on Friday, hitting $336.86. The stock had a trading volume of 6,071,880 shares, compared to its average volume of 6,296,455. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.52. Visa Inc. has a one year low of $258.74 and a one year high of $375.51. The stock has a market cap of $617.39 billion, a price-to-earnings ratio of 32.90, a PEG ratio of 2.25 and a beta of 0.94. The stock's 50-day simple moving average is $352.79 and its two-hundred day simple moving average is $347.26.

Visa (NYSE:V - Get Free Report) last issued its earnings results on Tuesday, July 29th. The credit-card processor reported $2.98 earnings per share (EPS) for the quarter, topping 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 for the quarter, compared to analysts' expectations of $9.82 billion. During the same quarter last year, the business earned $2.42 earnings per share. The business's revenue was up 14.3% on a year-over-year basis. As a group, sell-side analysts predict that Visa Inc. will post 11.3 EPS for the current year.

Visa Dividend Announcement

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

Analyst Ratings Changes

A number of equities research analysts recently weighed in on V shares. Macquarie raised their target price on shares of Visa from $380.00 to $425.00 and gave the company an "outperform" rating in a research note on Thursday, July 31st. Raymond James Financial reaffirmed an "outperform" rating on shares of Visa in a research note on Wednesday, July 30th. William Blair reaffirmed an "outperform" rating on shares of Visa in a research note on Wednesday, April 30th. Citigroup started coverage on shares of Visa in a research note on Monday, June 2nd. They issued a "buy" 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 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 company. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $380.84.

Insider Buying and Selling at Visa

In related news, CEO Ryan Mcinerney sold 8,630 shares of Visa stock in a transaction on Tuesday, July 1st. The shares were sold at an average price of $353.82, for a total value of $3,053,466.60. Following the sale, the chief executive officer owned 537 shares in the company, valued at $190,001.34. The trade was a 94.14% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Paul D. Fabara sold 11,636 shares of the firm's stock in a transaction 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 transaction, the insider directly owned 26,413 shares of the company's stock, valued at $9,904,875. This represents a 30.58% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 75,100 shares of company stock worth $27,643,224. 0.13% of the stock is currently owned by company insiders.

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.