Yousif Capital Management LLC Sells 6,000 Shares of Visa Inc. (NYSE:V)

Yousif Capital Management LLC trimmed its position in Visa Inc. (NYSE:V - Free Report) by 2.7% during the first quarter, according to its most recent 13F filing with the SEC. The fund owned 213,319 shares of the credit-card processor's stock after selling 6,000 shares during the period. Visa comprises approximately 0.9% of Yousif Capital Management LLC's holdings, making the stock its 13th largest holding. Yousif Capital Management LLC's holdings in Visa were worth $74,760,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Bradley & Co. Private Wealth Management LLC acquired a new stake in Visa during the 4th quarter worth $27,000. POM Investment Strategies LLC boosted its position in shares of Visa by 48.5% in the 4th quarter. POM Investment Strategies LLC now owns 98 shares of the credit-card processor's stock worth $31,000 after purchasing an additional 32 shares during the last quarter. Compass Planning Associates Inc acquired a new stake in shares of Visa during the fourth quarter worth $32,000. NewSquare Capital LLC acquired a new position in Visa in the fourth quarter valued at about $35,000. Finally, FPC Investment Advisory Inc. boosted its holdings in Visa by 377.3% during the fourth quarter. FPC Investment Advisory Inc. now owns 105 shares of the credit-card processor's stock worth $36,000 after buying an additional 83 shares during the last quarter. 82.15% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Visa

In other news, insider Paul D. Fabara sold 11,636 shares of the firm's stock in a transaction dated 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. This trade represents a 30.58% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, General Counsel Julie B. Rottenberg sold 2,575 shares of the stock in a transaction dated Thursday, May 1st. The shares were sold at an average price of $345.58, for a total transaction of $889,868.50. Following the completion of the transaction, the general counsel now directly owns 11,925 shares in the company, valued at approximately $4,121,041.50. This represents a 17.76% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 140,448 shares of company stock worth $50,133,659 over the last quarter. 0.13% of the stock is currently owned by insiders.

Visa Stock Down 5.0%

Shares of Visa stock traded down $18.65 during trading hours on Friday, reaching $352.75. 14,176,249 shares of the company's stock were exchanged, compared to its average volume of 7,023,528. The stock has a market cap of $650.87 billion, a P/E ratio of 35.56, a P/E/G ratio of 2.33 and a beta of 0.94. The company has a 50 day moving average of $348.87 and a two-hundred day moving average of $337.17. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.45. Visa Inc. has a fifty-two week low of $252.70 and a fifty-two week high of $375.51.

Visa (NYSE:V - Get Free Report) last issued its quarterly 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 return on equity of 54.79% and a net margin of 54.27%. The firm had revenue of $9.59 billion during the quarter, compared to analysts' expectations of $9.57 billion. During the same period in the prior year, the firm posted $2.51 earnings per share. The business's quarterly revenue was up 9.3% compared to the same quarter last year. On average, sell-side analysts forecast that Visa Inc. will post 11.3 EPS for the current fiscal year.

Visa Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, June 2nd. Shareholders of record on Tuesday, May 13th were given a dividend of $0.59 per share. This represents a $2.36 annualized dividend and a yield of 0.67%. The ex-dividend date was Tuesday, May 13th. Visa's dividend payout ratio (DPR) is currently 23.72%.

Analysts Set New Price Targets

A number of analysts have recently commented on the company. Keefe, Bruyette & Woods reaffirmed a "hold" rating on shares of Visa in a research note on Thursday, February 13th. William Blair reiterated an "outperform" rating on shares of Visa in a report on Wednesday, April 30th. Evercore ISI started coverage on shares of Visa in a research report on Wednesday, April 9th. They set an "in-line" rating and a $330.00 price target on the stock. UBS Group upped their price objective on shares of Visa from $395.00 to $405.00 and gave the company a "buy" rating in a research report on Wednesday, May 28th. Finally, Jefferies Financial Group raised their price objective on Visa from $400.00 to $410.00 and gave the stock a "buy" rating in a research note on Tuesday, May 27th. Five research analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Visa has an average rating of "Moderate Buy" and an average price target of $372.80.

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.