Kayne Anderson Rudnick Investment Management LLC Sells 10,025 Shares of Visa Inc. (NYSE:V)

Kayne Anderson Rudnick Investment Management LLC cut its stake in shares of Visa Inc. (NYSE:V - Free Report) by 2.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 371,216 shares of the credit-card processor's stock after selling 10,025 shares during the period. Kayne Anderson Rudnick Investment Management LLC's holdings in Visa were worth $117,319,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Bradley & Co. Private Wealth Management LLC acquired a new stake in Visa during the fourth quarter worth approximately $27,000. POM Investment Strategies LLC increased its position in Visa by 48.5% during the 4th quarter. POM Investment Strategies LLC now owns 98 shares of the credit-card processor's stock worth $31,000 after purchasing an additional 32 shares in the last quarter. Compass Planning Associates Inc bought a new position in shares of Visa in the 4th quarter valued at $32,000. FPC Investment Advisory Inc. boosted its stake in shares of 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 in the last quarter. Finally, NewSquare Capital LLC bought a new stake in Visa during the 4th quarter worth approximately $35,000. Institutional investors own 82.15% of the company's stock.

Analyst Upgrades and Downgrades

V has been the topic of several research reports. Evercore ISI began coverage on shares of Visa in a report on Wednesday, April 9th. They set an "in-line" rating and a $330.00 price objective on the stock. Raymond James restated an "outperform" rating and set a $393.00 price target (up previously from $374.00) on shares of Visa in a research note on Friday, January 31st. JPMorgan Chase & Co. lifted their price target on shares of Visa from $340.00 to $375.00 and gave the stock an "overweight" rating in a report on Friday, January 31st. William Blair reissued an "outperform" rating on shares of Visa in a report on Wednesday, April 30th. Finally, Macquarie decreased their target price on Visa from $400.00 to $380.00 and set an "outperform" rating for the company in a research report on Wednesday, April 30th. Six analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Visa currently has an average rating of "Moderate Buy" and an average price target of $366.13.

Insider Buying and Selling at Visa

In other news, CEO Ryan Mcinerney sold 8,620 shares of the business's stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $363.00, for a total transaction of $3,129,060.00. Following the transaction, the chief executive officer now directly owns 537 shares in the company, valued at $194,931. The trade was a 94.14% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, General Counsel Julie B. Rottenberg sold 2,575 shares of the stock in a transaction dated Thursday, May 1st. The shares were sold at an average price of $345.58, for a total transaction of $889,868.50. Following the completion of the sale, the general counsel now owns 11,925 shares of the company's stock, valued at approximately $4,121,041.50. The trade was a 17.76% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 121,948 shares of company stock worth $41,548,282 over the last quarter. 0.13% of the stock is owned by corporate insiders.

Visa Stock Up 0.2%

V traded up $0.65 on Friday, reaching $363.05. The company's stock had a trading volume of 1,973,480 shares, compared to its average volume of 6,988,817. The company has a market capitalization of $669.89 billion, a price-to-earnings ratio of 36.60, a P/E/G ratio of 2.33 and a beta of 0.96. Visa Inc. has a fifty-two week low of $252.70 and a fifty-two week high of $369.15. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.45. The stock has a 50 day moving average of $342.99 and a two-hundred day moving average of $333.16.

Visa (NYSE:V - Get Free Report) last announced its 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 net margin of 54.27% and a return on equity of 54.79%. The business had revenue of $9.59 billion for the quarter, compared to analysts' expectations of $9.57 billion. During the same period in the previous year, the company posted $2.51 EPS. The company's quarterly revenue was up 9.3% on a year-over-year basis. As a group, analysts forecast that Visa Inc. will post 11.3 EPS for the current fiscal year.

Visa Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 2nd. Investors of record on Tuesday, May 13th will be issued a $0.59 dividend. This represents a $2.36 annualized dividend and a yield of 0.65%. The ex-dividend date of this dividend is Tuesday, May 13th. Visa's dividend payout ratio is currently 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.