Robertson Stephens Wealth Management LLC Sells 946 Shares of Visa Inc. (NYSE:V)

Robertson Stephens Wealth Management LLC lessened its stake in Visa Inc. (NYSE:V - Free Report) by 3.3% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 27,293 shares of the credit-card processor's stock after selling 946 shares during the quarter. Robertson Stephens Wealth Management LLC's holdings in Visa were worth $9,565,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of the company. Lynch & Associates IN lifted its position in Visa by 0.9% in the 1st quarter. Lynch & Associates IN now owns 7,837 shares of the credit-card processor's stock valued at $2,747,000 after acquiring an additional 70 shares in the last quarter. Chicago Capital LLC boosted its position in shares of Visa by 0.7% during the first quarter. Chicago Capital LLC now owns 409,630 shares of the credit-card processor's stock valued at $143,559,000 after buying an additional 2,746 shares during the last quarter. Smith Shellnut Wilson LLC ADV increased its holdings in Visa by 7.0% in the 1st quarter. Smith Shellnut Wilson LLC ADV now owns 1,831 shares of the credit-card processor's stock worth $642,000 after buying an additional 119 shares in the last quarter. Kercheville Advisors LLC raised its position in Visa by 23.9% in the 1st quarter. Kercheville Advisors LLC now owns 1,450 shares of the credit-card processor's stock worth $508,000 after buying an additional 280 shares during the last quarter. Finally, Inscription Capital LLC purchased a new position in Visa in the 1st quarter worth about $4,103,000. Institutional investors own 82.15% of the company's stock.

Analysts Set New Price Targets

A number of research firms have recently issued reports on V. The Goldman Sachs Group began coverage on Visa in a research note on Monday, June 2nd. They issued a "neutral" rating on the stock. Mizuho raised Visa from a "neutral" rating to an "outperform" rating and increased their target price for the company from $359.00 to $425.00 in a report on Thursday, June 5th. UBS Group boosted their price target on Visa from $395.00 to $405.00 and gave the company a "buy" rating in a research note on Wednesday, May 28th. William Blair reaffirmed an "outperform" rating on shares of Visa in a research report on Wednesday, April 30th. Finally, Barclays reissued an "overweight" rating on shares of Visa in a report on Friday. Five investment analysts have rated the stock with a hold rating, twenty-three have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $372.80.

Insider Transactions at Visa

In related news, insider Paul D. Fabara sold 11,636 shares of the business's stock in a transaction that occurred 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 completion of the sale, the insider now owns 26,413 shares in the company, valued at approximately $9,904,875. The trade was a 30.58% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, General Counsel Julie B. Rottenberg sold 2,575 shares of the company's stock in a transaction on Thursday, May 1st. The stock was sold at an average price of $345.58, for a total value 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 $4,121,041.50. This represents a 17.76% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 101,098 shares of company stock worth $36,738,526. 0.13% of the stock is currently owned by insiders.

Visa Trading Up 0.7%

Shares of NYSE V opened at $357.89 on Wednesday. Visa Inc. has a 1-year low of $252.70 and a 1-year high of $375.51. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.08 and a quick ratio of 1.08. The business's 50 day moving average is $351.22 and its two-hundred day moving average is $338.19. The stock has a market capitalization of $660.37 billion, a P/E ratio of 35.97, a PEG ratio of 2.39 and a beta of 0.94.

Visa (NYSE:V - Get Free Report) last released its earnings results on Tuesday, April 29th. The credit-card processor reported $2.76 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.68 by $0.08. Visa had a net margin of 52.86% and a return on equity of 56.28%. The firm had revenue of $9.59 billion during the quarter, compared to analyst estimates of $9.57 billion. During the same quarter last year, the business earned $2.51 EPS. The business's revenue was up 9.3% on a year-over-year basis. As a group, research analysts expect that Visa Inc. will post 11.3 EPS for the current year.

Visa Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, June 2nd. Stockholders of record on Tuesday, May 13th were given a dividend of $0.59 per share. The ex-dividend date was Tuesday, May 13th. This represents a $2.36 annualized dividend and a dividend yield of 0.66%. Visa's dividend payout ratio (DPR) is 23.72%.

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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