Yousif Capital Management LLC Sells 3,801 Shares of Visa Inc. $V

Key Points

• Yousif Capital Management LLC sold 3,801 shares of Visa Inc., reducing its stake by 1.8% and now holds 209,518 shares valued at approximately $74.4 million.
• Visa's quarterly earnings exceeded analysts' expectations, with an EPS of $2.98 and revenue of $10.17 billion, representing a 14.3% year-over-year increase.
• The company recently declared a quarterly dividend of $0.59 per share, yielding 0.7%, with a payout ratio of 23.05%.

Yousif Capital Management LLC lessened its position in shares of Visa Inc. (NYSE:V - Free Report) by 1.8% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 209,518 shares of the credit-card processor's stock after selling 3,801 shares during the period. Visa comprises 0.8% of Yousif Capital Management LLC's holdings, making the stock its 12th largest position. Yousif Capital Management LLC's holdings in Visa were worth $74,389,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Keystone Global Partners LLC bought a new position in Visa during the 1st quarter worth about $26,000. Family Legacy Financial Solutions LLC bought a new position in Visa during the 2nd quarter worth about $28,000. von Borstel & Associates Inc. bought a new position in Visa during the 1st quarter worth about $27,000. Cranbrook Wealth Management LLC increased its holdings in Visa by 82.0% during the 2nd quarter. Cranbrook Wealth Management LLC now owns 91 shares of the credit-card processor's stock worth $32,000 after purchasing an additional 41 shares in the last quarter. Finally, Westend Capital Management LLC increased its holdings in Visa by 83.1% during the 2nd quarter. Westend Capital Management LLC now owns 108 shares of the credit-card processor's stock worth $38,000 after purchasing an additional 49 shares in the last quarter. Institutional investors own 82.15% of the company's stock.

Visa Trading Down 3.1%

Visa stock opened at $335.01 on Friday. Visa Inc. has a 52 week low of $280.78 and a 52 week high of $375.51. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.12 and a current ratio of 1.12. The stock has a market capitalization of $614.00 billion, a P/E ratio of 32.72, a PEG ratio of 2.05 and a beta of 0.90. The stock has a 50-day simple moving average of $344.20 and a 200 day simple moving average of $346.87.

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

Visa Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 2nd. Investors of record on Tuesday, August 12th were issued a dividend of $0.59 per share. The ex-dividend date was Tuesday, August 12th. This represents a $2.36 dividend on an annualized basis and a yield of 0.7%. Visa's dividend payout ratio (DPR) is presently 23.05%.

Analyst Upgrades and Downgrades

V has been the subject of several analyst reports. Weiss Ratings restated a "buy (b)" rating on shares of Visa in a report on Wednesday, October 8th. Truist Financial decreased their price objective on Visa from $400.00 to $397.00 and set a "buy" rating for the company in a report on Thursday, July 17th. Erste Group Bank cut Visa from a "buy" rating to a "hold" rating in a report on Monday, September 22nd. Deutsche Bank Aktiengesellschaft initiated coverage on Visa in a report on Thursday, July 17th. They issued a "buy" rating and a $410.00 price objective for the company. Finally, Macquarie raised 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. One equities research analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $389.00.

Insider Activity at Visa

In other Visa news, General Counsel Julie B. Rottenberg sold 2,027 shares of the firm's stock in a transaction that occurred on Monday, August 18th. The shares were sold at an average price of $344.02, for a total transaction of $697,328.54. Following the completion of the sale, the general counsel directly owned 11,925 shares in the company, valued at $4,102,438.50. This trade represents a 14.53% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Ryan Mcinerney sold 10,485 shares of the firm's stock in a transaction that occurred on Wednesday, October 1st. The stock was sold at an average price of $342.30, for a total transaction of $3,589,015.50. Following the sale, the chief executive officer owned 537 shares of the company's stock, valued at $183,815.10. This trade represents a 95.13% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.13% of the company's stock.

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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