Visa Inc. (NYSE:V) Shares Sold by Handelsbanken Fonder AB

Handelsbanken Fonder AB trimmed its holdings in Visa Inc. (NYSE:V - Free Report) by 2.3% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 623,998 shares of the credit-card processor's stock after selling 14,857 shares during the quarter. Visa makes up approximately 0.9% of Handelsbanken Fonder AB's holdings, making the stock its 17th biggest position. Handelsbanken Fonder AB's holdings in Visa were worth $218,686,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in V. Bradley & Co. Private Wealth Management LLC bought a new stake in Visa in the fourth quarter worth $27,000. POM Investment Strategies LLC grew its stake in shares of Visa by 48.5% in the 4th quarter. POM Investment Strategies LLC now owns 98 shares of the credit-card processor's stock worth $31,000 after buying an additional 32 shares in the last quarter. Compass Planning Associates Inc bought a new stake in shares of Visa in the 4th quarter worth about $32,000. NewSquare Capital LLC purchased a new stake in shares of Visa during the 4th quarter valued at about $35,000. Finally, FPC Investment Advisory Inc. raised its position in Visa by 377.3% during the fourth quarter. FPC Investment Advisory Inc. now owns 105 shares of the credit-card processor's stock valued at $36,000 after purchasing an additional 83 shares during the period. 82.15% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on V shares. William Blair reaffirmed an "outperform" rating on shares of Visa in a research note on Wednesday, April 30th. Keefe, Bruyette & Woods reiterated a "hold" rating on shares of Visa in a research report on Thursday, February 13th. Citigroup initiated coverage on shares of Visa in a research note on Monday, June 2nd. They issued a "buy" rating on the stock. Piper Sandler lifted their price target on shares of Visa from $383.00 to $384.00 and gave the stock an "overweight" rating in a research note on Wednesday, April 30th. Finally, Macquarie decreased their price objective on shares of Visa from $400.00 to $380.00 and set an "outperform" rating for the company in a research note on Wednesday, April 30th. Five investment 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 stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $372.80.

Insider Buying and Selling at Visa

In related news, insider Paul D. Fabara sold 39,350 shares of the company's stock in a transaction that occurred on Wednesday, March 19th. The stock was sold at an average price of $340.41, for a total value of $13,395,133.50. Following the sale, the insider now owns 26,413 shares in the company, valued at $8,991,249.33. This represents a 59.84% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Ryan Mcinerney sold 8,620 shares of the stock in a transaction that occurred on Monday, June 2nd. The stock was sold at an average price of $362.77, for a total transaction of $3,127,077.40. Following the completion of the transaction, the chief executive officer now owns 537 shares in the company, valued at approximately $194,807.49. This trade represents a 94.14% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 140,448 shares of company stock worth $50,133,659. 0.13% of the stock is owned by corporate insiders.

Visa Stock Down 5.0%

Shares of V traded down $18.65 during midday trading on Friday, hitting $352.75. 14,176,249 shares of the company's stock traded hands, compared to its average volume of 7,024,855. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.45. The stock has a market capitalization of $650.87 billion, a price-to-earnings ratio of 35.56, a price-to-earnings-growth ratio of 2.33 and a beta of 0.94. Visa Inc. has a 1 year low of $252.70 and a 1 year high of $375.51. The firm's fifty day moving average is $348.87 and its 200-day moving average is $337.17.

Visa (NYSE:V - Get Free Report) last released 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 54.79% and a net margin of 54.27%. The company had revenue of $9.59 billion during the quarter, compared to analysts' expectations of $9.57 billion. During the same period last year, the business posted $2.51 earnings per share. The firm's revenue was up 9.3% compared to the same quarter last year. As a group, sell-side analysts anticipate that Visa Inc. will post 11.3 earnings per share for the current year.

Visa Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, June 2nd. Shareholders of record on Tuesday, May 13th were given a dividend of $0.59 per share. This represents a $2.36 annualized dividend and a yield of 0.67%. The ex-dividend date of this dividend was Tuesday, May 13th. Visa's dividend payout ratio is presently 23.72%.

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.