Visa Inc. (NYSE:V) Stock Holdings Cut by Nepsis Inc.

Nepsis Inc. trimmed its stake in Visa Inc. (NYSE:V - Free Report) by 4.2% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 64,884 shares of the credit-card processor's stock after selling 2,868 shares during the period. Visa accounts for 5.6% of Nepsis Inc.'s portfolio, making the stock its 2nd largest position. Nepsis Inc.'s holdings in Visa were worth $22,739,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently made changes to their positions in the stock. Blue Rock Wealth Management LLC purchased a new position in Visa in the fourth quarter worth approximately $306,000. Aptus Capital Advisors LLC raised its stake in Visa by 19.8% in the fourth quarter. Aptus Capital Advisors LLC now owns 182,658 shares of the credit-card processor's stock valued at $57,727,000 after buying an additional 30,185 shares in the last quarter. King Wealth Management Group raised its stake in Visa by 9.0% in the fourth quarter. King Wealth Management Group now owns 74,874 shares of the credit-card processor's stock valued at $23,663,000 after buying an additional 6,172 shares in the last quarter. Eagle Strategies LLC raised its stake in Visa by 2.5% in the fourth quarter. Eagle Strategies LLC now owns 2,568 shares of the credit-card processor's stock valued at $811,000 after buying an additional 63 shares in the last quarter. Finally, Generali Investments CEE investicni spolecnost a.s. acquired a new stake in Visa in the fourth quarter valued at $10,163,000. 82.15% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several brokerages have issued reports on V. William Blair reaffirmed an "outperform" rating on shares of Visa in a report on Wednesday, April 30th. Truist Financial began coverage on Visa in a report on Monday, June 2nd. They set a "buy" rating and a $400.00 price objective on the stock. Wall Street Zen raised Visa from a "hold" rating to a "buy" rating in a report on Monday, May 12th. Citigroup began coverage on Visa in a report on Monday, June 2nd. They set a "buy" rating on the stock. Finally, Piper Sandler raised their price target on Visa from $383.00 to $384.00 and gave the stock an "overweight" rating in a report on Wednesday, April 30th. Five research analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, Visa presently has an average rating of "Moderate Buy" and an average price target of $372.80.

Visa Stock Performance

NYSE:V traded down $18.65 during mid-day trading on Friday, reaching $352.75. 14,176,249 shares of the company's stock were exchanged, compared to its average volume of 7,023,536. Visa Inc. has a one year low of $252.70 and a one year high of $375.51. The firm has a market capitalization of $650.87 billion, a PE ratio of 35.56, a price-to-earnings-growth ratio of 2.33 and a beta of 0.94. The business's fifty day simple moving average is $349.76 and its two-hundred day simple moving average is $337.45. 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 earnings results on Tuesday, April 29th. The credit-card processor reported $2.76 EPS for the quarter, beating the consensus estimate of $2.68 by $0.08. Visa had a net margin of 54.27% and a return on equity of 54.79%. The firm had revenue of $9.59 billion for the quarter, compared to analyst estimates of $9.57 billion. During the same period last year, the firm earned $2.51 EPS. The business's quarterly revenue was up 9.3% compared to the same quarter last year. Analysts anticipate that Visa Inc. will post 11.3 earnings per share for the current fiscal year.

Visa Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, June 2nd. Investors of record on Tuesday, May 13th were given a dividend of $0.59 per share. The ex-dividend date 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%.

Insider Buying and Selling

In other Visa news, insider Paul D. Fabara sold 11,636 shares of the business's stock in a transaction on Wednesday, June 11th. The shares were sold at an average price of $375.00, for a total transaction of $4,363,500.00. Following the completion of the sale, the insider now owns 26,413 shares in the company, valued at approximately $9,904,875. The trade was a 30.58% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Ryan Mcinerney sold 8,620 shares of the business's stock in a transaction on Thursday, May 1st. The shares were sold at an average price of $345.58, for a total transaction of $2,978,899.60. Following the sale, the chief executive officer now owns 537 shares of the company's stock, valued at $185,576.46. This trade represents a 94.14% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 140,448 shares of company stock worth $50,133,659 in the last ninety days. Company insiders own 0.13% of the company's stock.

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.