Visa Inc. (NYSE:V) Shares Sold by Victory Capital Management Inc.

Victory Capital Management Inc. decreased its position in Visa Inc. (NYSE:V - Free Report) by 3.2% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,150,234 shares of the credit-card processor's stock after selling 37,919 shares during the quarter. Victory Capital Management Inc. owned 0.06% of Visa worth $403,111,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. von Borstel & Associates Inc. acquired a new position in Visa during the first quarter valued at approximately $27,000. Sellwood Investment Partners LLC acquired a new position in Visa during the fourth quarter valued at approximately $41,000. Mountain Hill Investment Partners Corp. acquired a new position in Visa during the fourth quarter valued at approximately $47,000. Measured Risk Portfolios Inc. acquired a new position in shares of Visa during the fourth quarter worth $47,000. Finally, O Brien Wealth Partners LLC acquired a new position in shares of Visa during the first quarter worth $54,000. Institutional investors and hedge funds own 82.15% of the company's stock.

Insider Buying and Selling at Visa

In related news, insider Paul D. Fabara sold 46,214 shares of Visa stock in a transaction that occurred 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 transaction, the insider directly owned 26,413 shares of the company's stock, valued at $9,772,810. This trade represents a 63.63% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, General Counsel Julie B. Rottenberg sold 2,575 shares of the firm's stock in a transaction that occurred on 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 owned 11,925 shares of the company's stock, valued at approximately $4,121,041.50. This trade represents a 17.76% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 101,108 shares of company stock valued at $36,771,200 in the last 90 days. Insiders own 0.13% of the company's stock.

Visa Stock Performance

Shares of NYSE:V traded up $0.11 during trading on Thursday, hitting $350.01. 4,746,959 shares of the company were exchanged, compared to its average volume of 6,798,201. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.08 and a quick ratio of 1.08. Visa Inc. has a 52-week low of $252.70 and a 52-week high of $375.51. The company has a market cap of $645.82 billion, a PE ratio of 35.18, a P/E/G ratio of 2.37 and a beta of 0.92. The stock has a 50 day moving average of $356.94 and a 200 day moving average of $343.16.

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

Visa Announces Dividend

The firm also recently disclosed 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. This represents a $2.36 dividend on an annualized basis and a dividend yield of 0.67%. The ex-dividend date was Tuesday, May 13th. Visa's payout ratio is 23.72%.

Wall Street Analyst Weigh In

A number of brokerages have commented on V. Truist Financial cut their price target on shares of Visa from $400.00 to $397.00 and set a "buy" rating on the stock in a research report on Thursday. Oppenheimer increased their target price on shares of Visa from $390.00 to $391.00 and gave the company an "outperform" rating in a research report on Wednesday, July 2nd. Citigroup assumed coverage on shares of Visa in a research report on Monday, June 2nd. They set a "buy" rating for the company. UBS Group raised their price objective on shares of Visa from $395.00 to $405.00 and gave the stock a "buy" rating in a report on Wednesday, May 28th. Finally, Mizuho raised shares of Visa from a "neutral" rating to an "outperform" rating and raised their price target for the company from $359.00 to $425.00 in a report on Thursday, June 5th. Five research analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Visa currently has an average rating of "Moderate Buy" and an average target price of $375.52.

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.