Visa Inc. $V Shares Sold by Ironvine Capital Partners LLC

Key Points

• Ironvine Capital Partners LLC has reduced its stake in Visa Inc. by 5.3%, selling 8,364 shares and owning 149,621 shares worth approximately $52.4 million.
• Institutional investors now own 82.15% of Visa’s stock, with notable increases in holdings from GAMMA Investing LLC and Vanguard Group Inc., among others.
• Visa reported a quarterly earnings per share of $2.98, exceeding analyst estimates and reflecting a 14.3% year-over-year revenue growth to $10.17 billion.

Ironvine Capital Partners LLC cut its holdings in shares of Visa Inc. (NYSE:V - Free Report) by 5.3% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 149,621 shares of the credit-card processor's stock after selling 8,364 shares during the quarter. Visa makes up approximately 5.7% of Ironvine Capital Partners LLC's holdings, making the stock its 5th largest holding. Ironvine Capital Partners LLC's holdings in Visa were worth $52,436,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Keystone Global Partners LLC purchased a new stake in Visa during the 1st quarter worth approximately $26,000. von Borstel & Associates Inc. purchased a new stake in Visa during the 1st quarter worth approximately $27,000. 1 North Wealth Services LLC purchased a new stake in Visa during the 1st quarter worth approximately $38,000. Measured Risk Portfolios Inc. purchased a new stake in Visa during the 4th quarter worth approximately $47,000. Finally, O Brien Wealth Partners LLC bought a new stake in shares of Visa in the 1st quarter valued at approximately $54,000. 82.15% of the stock is currently owned by hedge funds and other institutional investors.

Visa Stock Performance

V traded down $7.98 during trading on Friday, reaching $343.02. 5,447,231 shares of the company were exchanged, compared to its average volume of 5,060,212. The stock has a market cap of $628.67 billion, a P/E ratio of 33.50, a PEG ratio of 2.28 and a beta of 0.92. The firm has a 50 day moving average of $348.51 and a 200 day moving average of $347.22. 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 Inc. has a 52 week low of $268.23 and a 52 week high of $375.51.

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

Visa Dividend Announcement

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

Insiders Place Their Bets

In other Visa news, 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 transaction of $3,053,466.60. Following the completion of the transaction, the chief executive officer owned 537 shares in the company, valued at approximately $190,001.34. The trade was a 94.14% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Paul D. Fabara sold 11,636 shares of the business's 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 transaction, 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 disclosure for this sale can be found here. In the last quarter, insiders sold 22,293 shares of company stock worth $8,114,295. 0.13% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on V shares. Jefferies Financial Group boosted their price target on Visa from $400.00 to $410.00 and gave the company a "buy" rating in a report on Tuesday, May 27th. Barclays reiterated an "overweight" rating and issued a $408.00 price target (up from $396.00) on shares of Visa in a report on Thursday, July 31st. Macquarie boosted their price target on Visa from $380.00 to $425.00 and gave the company an "outperform" rating in a report on Thursday, July 31st. Citigroup started coverage on Visa in a report on Monday, June 2nd. They issued a "buy" rating for the company. Finally, Raymond James Financial reiterated an "outperform" rating on shares of Visa in a report on Wednesday, July 30th. One analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $385.96.

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.