Bryn Mawr Capital Management LLC Sells 6,247 Shares of Visa Inc. (NYSE:V)

Bryn Mawr Capital Management LLC lessened its stake in Visa Inc. (NYSE:V - Free Report) by 20.4% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 24,374 shares of the credit-card processor's stock after selling 6,247 shares during the period. Bryn Mawr Capital Management LLC's holdings in Visa were worth $8,542,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. von Borstel & Associates Inc. bought a new stake in Visa during the 1st quarter valued at $27,000. Sellwood Investment Partners LLC bought a new stake in Visa during the 4th quarter valued at about $41,000. Mountain Hill Investment Partners Corp. bought a new stake in Visa during the 4th quarter valued at about $47,000. Measured Risk Portfolios Inc. bought a new stake in Visa during the 4th quarter valued at about $47,000. Finally, Navigoe LLC bought a new stake in Visa in the 4th quarter worth approximately $53,000. Hedge funds and other institutional investors own 82.15% of the company's stock.

Visa Stock Performance

Shares of Visa stock traded up $0.11 during trading on Thursday, hitting $350.01. 4,746,959 shares of the company's stock were exchanged, compared to its average volume of 6,798,201. Visa Inc. has a 52-week low of $252.70 and a 52-week high of $375.51. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.08 and a current ratio of 1.08. The business has a 50-day simple moving average of $356.94 and a 200-day simple moving average of $343.16. The stock has a market capitalization of $645.82 billion, a price-to-earnings ratio of 35.18, a PEG ratio of 2.37 and a beta of 0.92.

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 for the quarter, beating analysts' consensus estimates of $2.68 by $0.08. The company 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%. Visa's quarterly revenue was up 9.3% on a year-over-year basis. During the same period last year, the firm earned $2.51 earnings per share. On average, research analysts forecast that Visa Inc. will post 11.3 EPS for the current year.

Visa Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 2nd. Investors of record on Tuesday, May 13th were issued a $0.59 dividend. The ex-dividend date of this dividend was Tuesday, May 13th. This represents a $2.36 annualized dividend and a yield of 0.67%. Visa's dividend payout ratio is presently 23.72%.

Insiders Place Their Bets

In other news, General Counsel Julie B. Rottenberg sold 2,575 shares of the firm's stock in a transaction on Thursday, May 1st. The shares were sold at an average price of $345.58, for a total value of $889,868.50. Following the sale, the general counsel owned 11,925 shares in the company, valued at approximately $4,121,041.50. This trade represents a 17.76% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Ryan Mcinerney sold 8,630 shares of the firm's stock in a transaction on Tuesday, July 1st. The stock was sold at an average price of $353.82, for a total value of $3,053,466.60. Following the completion of the transaction, the chief executive officer directly owned 537 shares of the company's stock, valued at approximately $190,001.34. This trade represents a 94.14% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 101,108 shares of company stock valued at $36,771,200. Company insiders own 0.13% of the company's stock.

Analyst Ratings Changes

Several equities analysts have recently commented on V shares. Jefferies Financial Group boosted their target price on shares of Visa from $400.00 to $410.00 and gave the stock a "buy" rating in a report on Tuesday, May 27th. Wall Street Zen upgraded shares of Visa from a "hold" rating to a "buy" rating in a report on Monday, May 12th. BMO Capital Markets increased their price target on shares of Visa from $370.00 to $380.00 and gave the company an "outperform" rating in a research report on Wednesday, April 30th. Citigroup assumed coverage on shares of Visa in a research report on Monday, June 2nd. They issued a "buy" rating for the company. Finally, William Blair reiterated an "outperform" rating on shares of Visa in a report on Wednesday, April 30th. Five 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. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $375.52.

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.