Ameritas Advisory Services LLC Sells 4,676 Shares of Visa Inc. (NYSE:V)

Ameritas Advisory Services LLC lowered its holdings in Visa Inc. (NYSE:V - Free Report) by 22.1% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 16,441 shares of the credit-card processor's stock after selling 4,676 shares during the quarter. Ameritas Advisory Services LLC's holdings in Visa were worth $5,508,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in the business. NewSquare Capital LLC bought a new stake in shares of Visa in the 4th quarter worth approximately $35,000. Sellwood Investment Partners LLC bought a new position in Visa in the fourth quarter worth $41,000. Mountain Hill Investment Partners Corp. acquired a new stake in Visa during the fourth quarter worth $47,000. Measured Risk Portfolios Inc. bought a new stake in Visa in the 4th quarter valued at $47,000. Finally, Navigoe LLC acquired a new position in shares of Visa in the 4th quarter valued at $53,000. 82.15% of the stock is owned by institutional investors.

Visa Stock Up 1.3%

Shares of NYSE:V traded up $4.48 during trading on Friday, hitting $358.70. 3,702,810 shares of the company were exchanged, compared to its average volume of 6,855,011. Visa Inc. has a fifty-two week low of $252.70 and a fifty-two week high of $375.51. The stock has a market cap of $661.86 billion, a price-to-earnings ratio of 36.05, a P/E/G ratio of 2.40 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. The firm has a fifty day moving average price of $355.33 and a two-hundred day moving average price of $340.96.

Visa (NYSE:V - Get Free Report) last posted its quarterly 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. The firm had revenue of $9.59 billion for the quarter, compared to analyst estimates of $9.57 billion. Visa had a net margin of 52.86% and a return on equity of 56.28%. The company's quarterly revenue was up 9.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.51 earnings per share. As a group, research analysts anticipate that Visa Inc. will post 11.3 earnings per share for the current fiscal year.

Visa Announces Dividend

The firm 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 dividend on an annualized basis and a yield of 0.66%. The ex-dividend date of this dividend was Tuesday, May 13th. Visa's dividend payout ratio (DPR) is presently 23.72%.

Analyst Upgrades and Downgrades

V has been the topic of several recent research reports. Wall Street Zen upgraded shares of Visa from a "hold" rating to a "buy" rating in a research report on Monday, May 12th. Truist Financial initiated coverage on Visa in a report on Monday, June 2nd. They set a "buy" rating and a $400.00 price objective on the stock. Oppenheimer increased their target price on Visa from $390.00 to $391.00 and gave the stock an "outperform" rating in a report on Wednesday. Citigroup began coverage on Visa in a research report on Monday, June 2nd. They set a "buy" rating for the company. Finally, BMO Capital Markets upped their price target on Visa from $370.00 to $380.00 and gave the company an "outperform" rating in a research report on Wednesday, April 30th. Five equities research analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $372.84.

Insider Transactions at Visa

In other news, insider Paul D. Fabara sold 46,214 shares of the firm's stock in a transaction dated 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 in the company, valued at approximately $9,772,810. This trade represents a 63.63% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Ryan Mcinerney sold 8,620 shares of Visa stock in a transaction dated Monday, June 2nd. The stock was sold at an average price of $362.77, for a total transaction of $3,127,077.40. Following the sale, the chief executive officer directly owned 537 shares of the company's stock, valued at $194,807.49. The trade was a 94.14% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 92,478 shares of company stock worth $33,717,733. 0.13% of the stock is owned by company insiders.

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.