Visa Inc. (NYSE:V) Shares Sold by Sienna Gestion

Sienna Gestion lessened its stake in Visa Inc. (NYSE:V - Free Report) by 6.1% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 31,493 shares of the credit-card processor's stock after selling 2,055 shares during the quarter. Visa accounts for about 0.9% of Sienna Gestion's portfolio, making the stock its 29th largest holding. Sienna Gestion's holdings in Visa were worth $10,728,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also modified their holdings of the stock. von Borstel & Associates Inc. purchased a new position in shares of Visa in the 1st quarter valued at about $27,000. Measured Risk Portfolios Inc. purchased a new position in shares of Visa in the 4th quarter valued at about $47,000. Navigoe LLC purchased a new stake in Visa during the 4th quarter worth approximately $53,000. O Brien Wealth Partners LLC purchased a new stake in Visa during the 1st quarter worth approximately $54,000. Finally, Global X Japan Co. Ltd. purchased a new stake in Visa during the 1st quarter worth approximately $56,000. Institutional investors and hedge funds own 82.15% of the company's stock.

Insider Activity

In other Visa news, CEO Ryan Mcinerney sold 8,630 shares of the company's stock in a transaction dated Tuesday, July 1st. The shares were 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 owned 537 shares in the company, valued at approximately $190,001.34. This represents a 94.14% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Paul D. Fabara sold 11,636 shares of the company's stock in a transaction dated Wednesday, June 11th. The stock was sold at an average price of $375.00, for a total transaction of $4,363,500.00. Following the completion of the transaction, the insider owned 26,413 shares of the company's stock, valued at approximately $9,904,875. This trade represents a 30.58% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 75,100 shares of company stock worth $27,643,224. 0.13% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on V. Piper Sandler upped their price target on Visa from $383.00 to $384.00 and gave the company an "overweight" rating in a research report on Wednesday, April 30th. Oppenheimer upped their price target on Visa from $390.00 to $391.00 and gave the company an "outperform" rating in a research report on Wednesday, July 2nd. UBS Group restated a "buy" rating and issued a $415.00 price target (up from $405.00) on shares of Visa in a research report on Wednesday, July 30th. Raymond James Financial restated an "outperform" rating on shares of Visa in a research report on Wednesday, July 30th. Finally, Macquarie upped their price objective on Visa from $380.00 to $425.00 and gave the company an "outperform" rating in a report on Thursday, July 31st. Five equities research analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $380.84.

Visa Stock Up 1.8%

Shares of Visa stock opened at $342.66 on Thursday. The company has a fifty day moving average price of $351.11 and a 200 day moving average price of $347.19. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.52. Visa Inc. has a twelve month low of $258.74 and a twelve month high of $375.51. The stock has a market cap of $628.02 billion, a price-to-earnings ratio of 33.46, a price-to-earnings-growth ratio of 2.24 and a beta of 0.94.

Visa (NYSE:V - Get Free Report) last announced its quarterly earnings results on Tuesday, July 29th. The credit-card processor reported $2.98 earnings per share for the quarter, topping analysts' consensus estimates of $2.85 by $0.13. Visa had a net margin of 52.16% and a return on equity of 58.93%. The firm had revenue of $10.17 billion during the quarter, compared to analysts' expectations of $9.82 billion. During the same period in the prior year, the company earned $2.42 EPS. The firm's revenue was up 14.3% on a year-over-year basis. Equities research analysts forecast that Visa Inc. will post 11.3 earnings per share for the current fiscal year.

Visa Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 2nd. Investors of record on Tuesday, August 12th will be paid a dividend of $0.59 per share. The ex-dividend date is Tuesday, August 12th. This represents a $2.36 annualized dividend and a yield of 0.7%. Visa's dividend payout ratio is 23.05%.

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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