Schnieders Capital Management LLC Has $5.66 Million Stake in Visa Inc. (NYSE:V)

Key Points

• Schnieders Capital Management LLC has reduced its stake in Visa Inc. by 6.3%, resulting in ownership of 16,137 shares worth approximately $5.7 million.
• Visa reported quarterly earnings of $2.98 EPS, exceeding analysts' estimates, with revenue of $10.17 billion, marking a 14.3% increase year-over-year.
• The stock has received positive ratings from numerous research firms, with a consensus target price of $380.84 and a majority of analysts issuing a "Moderate Buy" recommendation.

Schnieders Capital Management LLC trimmed its holdings in shares of Visa Inc. (NYSE:V - Free Report) by 6.3% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 16,137 shares of the credit-card processor's stock after selling 1,080 shares during the period. Visa comprises 1.2% of Schnieders Capital Management LLC's investment portfolio, making the stock its 25th largest position. Schnieders Capital Management LLC's holdings in Visa were worth $5,655,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in the business. von Borstel & Associates Inc. bought a new position in shares of Visa during the first quarter worth about $27,000. Measured Risk Portfolios Inc. bought a new stake in shares of Visa in the 4th quarter worth approximately $47,000. Navigoe LLC acquired a new position in shares of Visa during the fourth quarter valued at $53,000. O Brien Wealth Partners LLC bought a new position in Visa in the 1st quarter worth about $54,000. Finally, Global X Japan Co. Ltd. acquired a new position in shares of Visa during the first quarter worth approximately $56,000. 82.15% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Visa

In other Visa news, CEO Ryan Mcinerney sold 8,630 shares of the company'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 directly owned 537 shares of the company's stock, valued at approximately $190,001.34. This represents a 94.14% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Paul D. Fabara sold 46,214 shares of the stock in a transaction on Thursday, June 5th. The shares were sold at an average price of $370.00, for a total transaction of $17,099,180.00. Following the completion of the sale, the insider owned 26,413 shares of the company's stock, valued at approximately $9,772,810. This represents a 63.63% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 75,100 shares of company stock valued at $27,643,224 over the last ninety days. Company insiders own 0.13% of the company's stock.

Visa Price Performance

NYSE V traded down $7.76 on Thursday, hitting $331.98. 8,793,604 shares of the company were exchanged, compared to its average volume of 6,237,998. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.52. The company has a market cap of $612.55 billion, a P/E ratio of 32.42, a P/E/G ratio of 2.27 and a beta of 0.94. Visa Inc. has a 1-year low of $257.92 and a 1-year high of $375.51. The firm has a 50 day moving average of $353.36 and a two-hundred day moving average of $346.87.

Visa (NYSE:V - Get Free Report) last announced 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. The firm had revenue of $10.17 billion during the quarter, compared to analyst estimates of $9.82 billion. Visa had a return on equity of 58.93% and a net margin of 52.16%. The company's revenue was up 14.3% on a year-over-year basis. During the same period last year, the company earned $2.42 earnings per share. On average, equities analysts predict that Visa Inc. will post 11.3 EPS for the current year.

Visa Announces Dividend

The firm also recently declared 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. This represents a $2.36 annualized dividend and a dividend yield of 0.7%. The ex-dividend date of this dividend is Tuesday, August 12th. Visa's dividend payout ratio (DPR) is currently 23.05%.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the company. Piper Sandler raised their target price on Visa from $383.00 to $384.00 and gave the company an "overweight" rating in a research note on Wednesday, April 30th. Morgan Stanley lifted their price target on shares of Visa from $386.00 to $402.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 30th. BMO Capital Markets upped their target price on Visa from $370.00 to $380.00 and gave the company an "outperform" rating in a report on Wednesday, April 30th. Raymond James Financial restated an "outperform" rating on shares of Visa in a report on Wednesday, July 30th. Finally, Barclays reissued an "overweight" rating and issued a $408.00 target price (up from $396.00) on shares of Visa in a research report on Thursday, July 31st. 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, Visa currently has a consensus rating of "Moderate Buy" and a consensus target price of $380.84.

About Visa

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.