Visa Inc. (NYSE:V) Shares Sold by Balefire LLC

Balefire LLC reduced its position in Visa Inc. (NYSE:V - Free Report) by 59.7% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,968 shares of the credit-card processor's stock after selling 2,911 shares during the period. Balefire LLC's holdings in Visa were worth $690,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently made changes to their positions in the company. Bradley & Co. Private Wealth Management LLC acquired a new stake in Visa in the fourth quarter valued at approximately $27,000. NewSquare Capital LLC purchased a new position in shares of Visa during the 4th quarter valued at approximately $35,000. Sellwood Investment Partners LLC acquired a new stake in Visa in the 4th quarter valued at $41,000. Mountain Hill Investment Partners Corp. purchased a new stake in Visa in the 4th quarter worth $47,000. Finally, Measured Risk Portfolios Inc. purchased a new stake in Visa in the 4th quarter worth $47,000. 82.15% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Visa

In other news, General Counsel Julie B. Rottenberg sold 2,575 shares of Visa stock in a transaction dated Thursday, May 1st. The stock was sold at an average price of $345.58, for a total value of $889,868.50. Following the completion of the transaction, the general counsel now owns 11,925 shares in the company, valued at approximately $4,121,041.50. This trade represents a 17.76% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Paul D. Fabara sold 46,214 shares of the business's stock in a transaction dated 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 now directly owns 26,413 shares of the company's stock, valued at approximately $9,772,810. This represents a 63.63% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 101,098 shares of company stock worth $36,738,526. 0.13% of the stock is currently owned by company insiders.

Visa Trading Up 0.9%

Shares of V stock opened at $349.13 on Friday. Visa Inc. has a 1-year low of $252.70 and a 1-year high of $375.51. The firm has a market cap of $644.20 billion, a PE ratio of 35.09, a price-to-earnings-growth ratio of 2.33 and a beta of 0.94. The company has a 50-day moving average of $353.30 and a two-hundred day moving average of $339.83. 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 (NYSE:V - Get Free Report) last posted its earnings results on Tuesday, April 29th. The credit-card processor reported $2.76 earnings per share for the quarter, beating the consensus estimate of $2.68 by $0.08. The firm had revenue of $9.59 billion during the quarter, compared to the consensus estimate of $9.57 billion. Visa had a net margin of 52.86% and a return on equity of 56.28%. The firm's revenue for the quarter was up 9.3% on a year-over-year basis. During the same quarter last year, the firm earned $2.51 EPS. On average, analysts predict that Visa Inc. will post 11.3 EPS for the current year.

Visa Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 2nd. Stockholders of record on Tuesday, May 13th were paid a $0.59 dividend. The ex-dividend date of this dividend was Tuesday, May 13th. This represents a $2.36 dividend on an annualized basis and a dividend yield of 0.68%. Visa's payout ratio is presently 23.72%.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on V. BMO Capital Markets increased their price objective on shares of Visa from $370.00 to $380.00 and gave the company an "outperform" rating in a report on Wednesday, April 30th. Piper Sandler lifted their price objective on Visa from $383.00 to $384.00 and gave the stock an "overweight" rating in a report on Wednesday, April 30th. The Goldman Sachs Group initiated coverage on Visa in a report on Monday, June 2nd. They set a "neutral" rating for the company. Citigroup began coverage on Visa in a research note on Monday, June 2nd. They issued a "buy" rating on the stock. Finally, Barclays reiterated an "overweight" rating on shares of Visa in a research report on Friday, June 13th. Five research analysts have rated the stock with a hold rating, twenty-three have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Visa currently has a consensus rating of "Moderate Buy" and an average price target of $372.80.

Visa 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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