Vident Advisory LLC Decreases Stock Holdings in Visa Inc. $V

Key Points

• Vident Advisory LLC reduced its position in Visa Inc. by 4.7%, now holding 269,438 shares valued at approximately $94.4 million, indicating it is the firm's 11th largest holding.
• Visa's latest earnings report showcased an EPS of $2.98, exceeding estimates, with a revenue increase of 14.3% year-over-year to $10.17 billion.
• Visa declared a quarterly dividend of $0.59 per share, with an annualized yield of 0.7%, reflecting a dividend payout ratio of 23.05%.

Vident Advisory LLC lowered its position in shares of Visa Inc. (NYSE:V - Free Report) by 4.7% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 269,438 shares of the credit-card processor's stock after selling 13,303 shares during the period. Visa accounts for about 1.4% of Vident Advisory LLC's holdings, making the stock its 11th biggest position. Vident Advisory LLC's holdings in Visa were worth $94,429,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of V. Brighton Jones LLC boosted its position in shares of Visa by 50.1% during the 4th quarter. Brighton Jones LLC now owns 20,635 shares of the credit-card processor's stock valued at $6,522,000 after acquiring an additional 6,883 shares during the last quarter. Revolve Wealth Partners LLC raised its stake in Visa by 68.9% in the fourth quarter. Revolve Wealth Partners LLC now owns 11,811 shares of the credit-card processor's stock valued at $3,733,000 after purchasing an additional 4,817 shares in the last quarter. Voleon Capital Management LP bought a new stake in Visa during the fourth quarter valued at approximately $2,261,000. Apex Wealth Management LLC bought a new stake in Visa during the fourth quarter valued at approximately $271,000. Finally, Freestone Grove Partners LP purchased a new position in Visa in the 4th quarter worth approximately $926,000. Institutional investors own 82.15% of the company's stock.

Insider Activity at Visa

In other news, CEO Ryan Mcinerney sold 8,630 shares of the stock in a transaction that occurred 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 sale, the chief executive officer directly owned 537 shares of the company's stock, valued at approximately $190,001.34. This represents a 94.14% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, General Counsel Julie B. Rottenberg sold 2,027 shares of the business's stock in a transaction dated Monday, August 18th. The shares were sold at an average price of $344.02, for a total value of $697,328.54. Following the completion of the transaction, the general counsel owned 11,925 shares in the company, valued at $4,102,438.50. This trade represents a 14.53% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 77,127 shares of company stock valued at $28,340,553 over the last quarter. 0.13% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on V. Truist Financial lowered their price objective on shares of Visa from $400.00 to $397.00 and set a "buy" rating on the stock in a research report on Thursday, July 17th. Oppenheimer raised 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. Citigroup initiated coverage on Visa in a research note on Monday, June 2nd. They set a "buy" rating for the company. UBS Group reaffirmed a "buy" rating and issued a $415.00 price objective (up previously from $405.00) on shares of Visa in a research note on Wednesday, July 30th. Finally, Macquarie raised their price target on Visa from $380.00 to $425.00 and gave the stock an "outperform" rating in a research report on Thursday, July 31st. One research analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and five have assigned a Hold rating to the company's stock. According to MarketBeat, Visa currently has a consensus rating of "Moderate Buy" and a consensus price target of $380.84.

Visa Trading Up 0.6%

Visa stock traded up $2.06 during mid-day trading on Friday, hitting $351.92. The company's stock had a trading volume of 3,670,969 shares, compared to its average volume of 6,106,106. The stock's fifty day moving average is $348.35 and its two-hundred day moving average is $347.42. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.52. The firm has a market capitalization of $645.00 billion, a PE ratio of 34.37, a price-to-earnings-growth ratio of 2.34 and a beta of 0.94. Visa Inc. has a 1 year low of $268.23 and a 1 year high of $375.51.

Visa (NYSE:V - Get Free Report) last posted its earnings results on Tuesday, July 29th. The credit-card processor reported $2.98 earnings per share for the quarter, beating the consensus estimate 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 the consensus estimate of $9.82 billion. During the same quarter last year, the firm earned $2.42 EPS. The firm's revenue for the quarter was up 14.3% on a year-over-year basis. On average, analysts anticipate that Visa Inc. will post 11.3 EPS for the current year.

Visa Announces Dividend

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