WCM Investment Management LLC Decreases Stock Holdings in Visa Inc. (NYSE:V)

WCM Investment Management LLC lowered its position in Visa Inc. (NYSE:V - Free Report) by 1.7% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,080,395 shares of the credit-card processor's stock after selling 34,980 shares during the period. Visa comprises approximately 1.8% of WCM Investment Management LLC's holdings, making the stock its 23rd largest position. WCM Investment Management LLC owned about 0.11% of Visa worth $713,263,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. NewSquare Capital LLC acquired a new position in shares of Visa during the 4th quarter valued at $35,000. Sellwood Investment Partners LLC bought a new stake in shares of Visa in the 4th quarter worth about $41,000. Mountain Hill Investment Partners Corp. bought a new stake in shares of Visa in the 4th quarter worth about $47,000. Measured Risk Portfolios Inc. bought a new stake in shares of Visa in the 4th quarter worth about $47,000. Finally, Global X Japan Co. Ltd. bought a new stake in shares of Visa in the 1st quarter worth about $56,000. Institutional investors and hedge funds own 82.15% of the company's stock.

Analyst Ratings Changes

A number of research analysts have issued reports on the stock. Truist Financial assumed coverage on shares of Visa in a research note on Monday, June 2nd. They set a "buy" rating and a $400.00 target price for the company. Mizuho raised shares of Visa from a "neutral" rating to an "outperform" rating and upped their price target for the stock from $359.00 to $425.00 in a research note on Thursday, June 5th. The Goldman Sachs Group started coverage on shares of Visa in a research note on Monday, June 2nd. They issued a "neutral" rating for the company. Jefferies Financial Group increased their target price on shares of Visa from $400.00 to $410.00 and gave the company a "buy" rating in a research note on Tuesday, May 27th. Finally, William Blair reissued an "outperform" rating on shares of Visa in a research note on Wednesday, April 30th. Five research 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. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $372.84.

Insider Activity

In other 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 sale, the insider owned 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 filing with the SEC, which is accessible through the SEC website. Also, CEO Ryan Mcinerney sold 8,630 shares of the company's stock in a transaction dated Tuesday, July 1st. The stock was sold at an average price of $353.82, for a total transaction 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. The trade was a 94.14% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 101,108 shares of company stock worth $36,771,200. Corporate insiders own 0.13% of the company's stock.

Visa Stock Performance

NYSE:V traded down $2.21 on Monday, reaching $356.65. 5,135,922 shares of the company's stock were exchanged, compared to its average volume of 6,843,617. The stock has a fifty day simple moving average of $356.17 and a 200-day simple moving average of $341.92. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.08 and a quick ratio of 1.08. Visa Inc. has a 52 week low of $252.70 and a 52 week high of $375.51. The firm has a market cap of $658.08 billion, a price-to-earnings ratio of 35.84, a P/E/G ratio of 2.43 and a beta of 0.92.

Visa (NYSE:V - Get Free Report) last announced its earnings results on Tuesday, April 29th. The credit-card processor reported $2.76 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.68 by $0.08. The business had revenue of $9.59 billion during the quarter, compared to analyst estimates 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 in the previous year, the business posted $2.51 earnings per share. As a group, sell-side analysts predict that Visa Inc. will post 11.3 earnings per share for the current year.

Visa Dividend Announcement

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. This represents a $2.36 annualized dividend and a yield of 0.66%. The ex-dividend date of this dividend was Tuesday, May 13th. Visa's dividend payout ratio (DPR) is currently 23.72%.

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.