WCM Investment Management LLC Trims Stock Position in Visa Inc. (NYSE:V)

WCM Investment Management LLC lowered its stake in shares of Visa Inc. (NYSE:V - Free Report) by 1.7% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 2,080,395 shares of the credit-card processor's stock after selling 34,980 shares during the quarter. Visa accounts for 1.8% of WCM Investment Management LLC's holdings, making the stock its 23rd biggest holding. WCM Investment Management LLC owned approximately 0.11% of Visa worth $713,263,000 as of its most recent filing with the SEC.

Several other large investors have also recently modified their holdings of V. NewSquare Capital LLC purchased a new stake in Visa in the 4th quarter worth about $35,000. Sellwood Investment Partners LLC bought a new position in shares of Visa during the fourth quarter valued at approximately $41,000. Mountain Hill Investment Partners Corp. bought a new position in shares of Visa during the fourth quarter valued at approximately $47,000. Measured Risk Portfolios Inc. purchased a new stake in shares of Visa in the fourth quarter worth approximately $47,000. Finally, Navigoe LLC bought a new stake in shares of Visa during the 4th quarter worth approximately $53,000. Institutional investors own 82.15% of the company's stock.

Insider Activity at Visa

In other news, General Counsel Julie B. Rottenberg sold 2,575 shares of the firm's 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 directly owned 11,925 shares in the company, valued at $4,121,041.50. This trade represents a 17.76% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Ryan Mcinerney sold 8,620 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 $2,978,899.60. Following the sale, the chief executive officer directly owned 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 92,478 shares of company stock valued at $33,717,733 in the last ninety days. Company insiders own 0.13% of the company's stock.

Visa Stock Up 1.3%

Shares of V traded up $4.48 during midday trading on Friday, hitting $358.70. 3,702,810 shares of the company's stock traded hands, compared to its average volume of 6,855,011. Visa Inc. has a 1 year low of $252.70 and a 1 year high of $375.51. The firm's fifty day moving average is $355.33 and its 200-day moving average is $340.96. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 0.45. The stock has a market capitalization of $661.86 billion, a price-to-earnings ratio of 36.05, a price-to-earnings-growth ratio of 2.40 and a beta of 0.92.

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, topping analysts' consensus estimates of $2.68 by $0.08. The company had revenue of $9.59 billion during the quarter, compared to analysts' expectations of $9.57 billion. Visa had a net margin of 52.86% and a return on equity of 56.28%. Visa's revenue for the quarter was up 9.3% on a year-over-year basis. During the same period last year, the business earned $2.51 EPS. As a group, sell-side analysts anticipate that Visa Inc. will post 11.3 earnings per share for the current year.

Visa Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 2nd. Stockholders of record on Tuesday, May 13th were issued a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a dividend yield of 0.66%. The ex-dividend date was Tuesday, May 13th. Visa's dividend payout ratio (DPR) is presently 23.72%.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on V. Mizuho upgraded shares of Visa from a "neutral" rating to an "outperform" rating and upped their target price for the stock from $359.00 to $425.00 in a research note on Thursday, June 5th. BMO Capital Markets boosted their price target on Visa from $370.00 to $380.00 and gave the company an "outperform" rating in a report on Wednesday, April 30th. UBS Group raised their price objective on Visa from $395.00 to $405.00 and gave the stock a "buy" rating in a report on Wednesday, May 28th. Macquarie decreased their target price on Visa from $400.00 to $380.00 and set an "outperform" rating for the company in a research report on Wednesday, April 30th. Finally, Piper Sandler increased their price target on Visa from $383.00 to $384.00 and gave the stock an "overweight" rating in a research report on Wednesday, April 30th. Five equities research analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $372.84.

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.