Visa Inc. (NYSE:V) Holdings Decreased by Choreo LLC

Choreo LLC reduced its stake in shares of Visa Inc. (NYSE:V - Free Report) by 8.9% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 73,727 shares of the credit-card processor's stock after selling 7,194 shares during the quarter. Choreo LLC's holdings in Visa were worth $25,838,000 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 stake in Visa during the 1st quarter worth about $27,000. Sellwood Investment Partners LLC acquired a new stake in Visa during the 4th quarter worth about $41,000. Mountain Hill Investment Partners Corp. acquired a new stake in Visa during the 4th quarter worth about $47,000. Measured Risk Portfolios Inc. acquired a new stake in Visa during the 4th quarter worth about $47,000. Finally, O Brien Wealth Partners LLC acquired a new stake in Visa during the 1st quarter worth about $54,000. 82.15% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several brokerages recently commented on V. Wall Street Zen raised Visa from a "hold" rating to a "buy" rating in a research note on Monday, May 12th. William Blair restated an "outperform" rating on shares of Visa in a report on Wednesday, April 30th. Jefferies Financial Group boosted their target price on Visa from $400.00 to $410.00 and gave the stock a "buy" rating in a report on Tuesday, May 27th. Mizuho upgraded Visa from a "neutral" rating to an "outperform" rating and upped their price target for the stock from $359.00 to $425.00 in a report on Thursday, June 5th. Finally, Truist Financial cut their price target on Visa from $400.00 to $397.00 and set a "buy" rating for the company in a report on Thursday, July 17th. Five equities research analysts have rated the stock with a hold rating, twenty-three have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $375.52.

Insiders Place Their Bets

In other news, General Counsel Julie B. Rottenberg sold 2,575 shares of Visa stock in a transaction that occurred on Thursday, May 1st. The stock was sold at an average price of $345.58, for a total transaction of $889,868.50. Following the completion of the transaction, the general counsel directly owned 11,925 shares in the company, valued at approximately $4,121,041.50. The trade was a 17.76% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Paul D. Fabara sold 46,214 shares of Visa stock in a transaction that occurred on Thursday, June 5th. The stock was sold at an average price of $370.00, for a total value of $17,099,180.00. Following the transaction, the insider owned 26,413 shares of the company's stock, valued at $9,772,810. This represents a 63.63% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 101,108 shares of company stock valued at $36,771,200 in the last 90 days. 0.13% of the stock is currently owned by insiders.

Visa Stock Up 0.9%

Shares of NYSE V traded up $3.09 during mid-day trading on Tuesday, reaching $354.03. 734,368 shares of the company's stock were exchanged, compared to its average volume of 6,766,220. The business has a fifty day simple moving average of $356.82 and a 200 day simple moving average of $344.02. Visa Inc. has a twelve month low of $252.70 and a twelve month high of $375.51. The firm has a market capitalization of $653.24 billion, a price-to-earnings ratio of 35.53, a PEG ratio of 2.36 and a beta of 0.92. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 0.45.

Visa (NYSE:V - Get Free Report) last announced its earnings results 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 business had revenue of $9.59 billion for the quarter, compared to analyst estimates of $9.57 billion. Visa had a return on equity of 56.28% and a net margin of 52.86%. Visa's revenue for the quarter was up 9.3% compared to the same quarter last year. During the same quarter last year, the firm earned $2.51 EPS. As a group, equities analysts expect that Visa Inc. will post 11.3 EPS for the current fiscal year.

Visa Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, June 2nd. Shareholders of record on Tuesday, May 13th were given a dividend of $0.59 per share. This represents a $2.36 annualized dividend and a dividend yield of 0.67%. The ex-dividend date was Tuesday, May 13th. 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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