Landscape Capital Management L.L.C. Sells 7,804 Shares of Visa Inc. $V

Key Points

• Landscape Capital Management reduced its stake in Visa Inc. by 26.6%, selling 7,804 shares and now holding 21,513 shares valued at approximately $7.54 million.
• Visa's recent earnings report showed EPS of $2.98, surpassing estimates, and revenue of $10.17 billion, reflecting a year-over-year growth of 14.3%.
• The company announced a quarterly dividend of $0.59 per share, with a dividend yield of 0.7%, signaling continued shareholder returns.

Landscape Capital Management L.L.C. decreased its holdings in Visa Inc. (NYSE:V - Free Report) by 26.6% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 21,513 shares of the credit-card processor's stock after selling 7,804 shares during the period. Visa comprises about 0.7% of Landscape Capital Management L.L.C.'s investment portfolio, making the stock its 17th biggest holding. Landscape Capital Management L.L.C.'s holdings in Visa were worth $7,539,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of V. Keystone Global Partners LLC purchased a new position in Visa in the 1st quarter worth about $26,000. von Borstel & Associates Inc. purchased a new position in shares of Visa during the first quarter valued at approximately $27,000. Measured Risk Portfolios Inc. purchased a new position in shares of Visa during the fourth quarter valued at approximately $47,000. Navigoe LLC bought a new position in Visa during the fourth quarter valued at approximately $53,000. Finally, O Brien Wealth Partners LLC bought a new stake in Visa in the 1st quarter worth approximately $54,000. 82.15% of the stock is owned by institutional investors.

Analyst Ratings Changes

V has been the subject of several research analyst reports. UBS Group reaffirmed a "buy" rating and issued a $415.00 price objective (up previously from $405.00) on shares of Visa in a report on Wednesday, July 30th. William Blair restated an "outperform" rating on shares of Visa in a research report on Wednesday, April 30th. Raymond James Financial reiterated an "outperform" rating on shares of Visa in a research report on Wednesday, July 30th. Morgan Stanley raised their target price on shares of Visa from $386.00 to $402.00 and gave the stock an "overweight" rating in a research note on Wednesday, July 30th. Finally, Macquarie increased their price target on Visa from $380.00 to $425.00 and gave the stock an "outperform" rating in a research note on Thursday, July 31st. One research analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and five have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $380.84.

Visa Trading Down 0.1%

Shares of V stock opened at $350.72 on Thursday. The company has a market cap of $642.80 billion, a PE ratio of 34.25, a price-to-earnings-growth ratio of 2.34 and a beta of 0.94. The stock's 50 day simple moving average is $347.87 and its two-hundred day simple moving average is $347.44. Visa Inc. has a 1 year low of $267.67 and a 1 year high of $375.51. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.12 and a quick ratio of 1.12.

Visa (NYSE:V - Get Free Report) last released 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 during the quarter, compared to analyst estimates of $9.82 billion. During the same quarter last year, the business earned $2.42 EPS. The business's revenue was up 14.3% on a year-over-year basis. Research analysts predict that Visa Inc. will post 11.3 earnings per share for the current year.

Visa Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 2nd. Stockholders of record on Tuesday, August 12th will be paid a dividend of $0.59 per share. The ex-dividend date is Tuesday, August 12th. This represents a $2.36 dividend on an annualized basis and a dividend yield of 0.7%. Visa's dividend payout ratio (DPR) is currently 23.05%.

Insider Activity at Visa

In related news, CEO Ryan Mcinerney sold 8,630 shares of the firm's stock in a transaction on Tuesday, July 1st. The shares were sold at an average price of $353.82, for a total transaction of $3,053,466.60. Following the sale, the chief executive officer owned 537 shares in the company, valued at approximately $190,001.34. This trade represents a 94.14% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, General Counsel Julie B. Rottenberg sold 2,027 shares of the firm's stock in a transaction dated 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 owned 11,925 shares in the company, valued at $4,102,438.50. This trade represents a 14.53% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 77,127 shares of company stock valued at $28,340,553 over the last ninety days. 0.13% of the stock is 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.

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