Visa Inc. (NYSE:V) Position Lessened by Mn Services Vermogensbeheer B.V.

Mn Services Vermogensbeheer B.V. trimmed its stake in shares of Visa Inc. (NYSE:V - Free Report) by 7.0% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 581,376 shares of the credit-card processor's stock after selling 43,800 shares during the quarter. Visa makes up 1.6% of Mn Services Vermogensbeheer B.V.'s portfolio, making the stock its 10th biggest position. Mn Services Vermogensbeheer B.V.'s holdings in Visa were worth $203,749,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also modified their holdings of the stock. Bradley & Co. Private Wealth Management LLC acquired a new stake in shares of Visa during the 4th quarter worth approximately $27,000. Compass Planning Associates Inc bought a new stake in shares of Visa during the fourth quarter valued at about $32,000. FPC Investment Advisory Inc. lifted its holdings in Visa by 377.3% in the fourth quarter. FPC Investment Advisory Inc. now owns 105 shares of the credit-card processor's stock worth $36,000 after purchasing an additional 83 shares during the period. NewSquare Capital LLC bought a new position in Visa in the 4th quarter valued at about $35,000. Finally, Sellwood Investment Partners LLC acquired a new position in Visa during the 4th quarter valued at about $41,000. Institutional investors own 82.15% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the stock. Macquarie reduced their price target on shares of Visa from $400.00 to $380.00 and set an "outperform" rating for the company in a research note on Wednesday, April 30th. UBS Group upped their target price on Visa from $395.00 to $405.00 and gave the stock a "buy" rating in a research report on Wednesday, May 28th. Piper Sandler increased their price target on Visa from $383.00 to $384.00 and gave the company an "overweight" rating in a research note on Wednesday, April 30th. Mizuho upgraded Visa from a "neutral" rating to an "outperform" rating and lifted their price target for the company from $359.00 to $425.00 in a research report on Thursday, June 5th. Finally, Susquehanna restated a "positive" rating on shares of Visa in a report on Friday, March 21st. Five equities research analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $372.80.

Insiders Place Their Bets

In related news, insider Paul D. Fabara sold 39,350 shares of the firm's stock in a transaction that occurred on Wednesday, March 19th. The shares were sold at an average price of $340.41, for a total value of $13,395,133.50. Following the completion of the sale, the insider now owns 26,413 shares of the company's stock, valued at $8,991,249.33. This trade represents a 59.84% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Ryan Mcinerney sold 8,620 shares of the company's stock in a transaction on Tuesday, April 1st. The stock was sold at an average price of $350.44, for a total value of $3,020,792.80. Following the transaction, the chief executive officer now directly owns 537 shares in the company, valued at approximately $188,186.28. This represents a 94.14% decrease in their position. The disclosure for this sale can be found here. Insiders sold 140,448 shares of company stock worth $50,133,659 over the last three months. 0.13% of the stock is currently owned by corporate insiders.

Visa Price Performance

Shares of Visa stock opened at $352.75 on Monday. The firm has a market cap of $650.87 billion, a P/E ratio of 35.56, a price-to-earnings-growth ratio of 2.33 and a beta of 0.94. The firm's 50-day simple moving average is $349.76 and its 200-day simple moving average is $337.77. Visa Inc. has a twelve month low of $252.70 and a twelve month high of $375.51. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.12 and a current ratio of 1.12.

Visa (NYSE:V - Get Free Report) last released its quarterly earnings data on Tuesday, April 29th. The credit-card processor reported $2.76 earnings per share for the quarter, beating analysts' consensus estimates of $2.68 by $0.08. Visa had a return on equity of 54.79% and a net margin of 54.27%. The company had revenue of $9.59 billion for the quarter, compared to the consensus estimate of $9.57 billion. During the same period in the previous year, the business earned $2.51 earnings per share. The company's quarterly 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 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 $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a yield of 0.67%. The ex-dividend date of this dividend was Tuesday, May 13th. Visa's dividend payout ratio (DPR) is 23.72%.

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.

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