Logan Capital Management Inc. Reduces Stake in Visa Inc. (NYSE:V)

Logan Capital Management Inc. reduced its stake in Visa Inc. (NYSE:V - Free Report) by 21.5% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 37,730 shares of the credit-card processor's stock after selling 10,307 shares during the quarter. Logan Capital Management Inc.'s holdings in Visa were worth $11,924,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the company. Decker Retirement Planning Inc. bought a new stake in Visa in the 4th quarter valued at $26,000. Bradley & Co. Private Wealth Management LLC acquired a new stake in shares of Visa during the 4th quarter valued at about $27,000. POM Investment Strategies LLC increased its stake in Visa by 48.5% in the fourth quarter. POM Investment Strategies LLC now owns 98 shares of the credit-card processor's stock valued at $31,000 after acquiring an additional 32 shares during the period. Compass Planning Associates Inc acquired a new position in Visa in the fourth quarter worth about $32,000. Finally, NewSquare Capital LLC bought a new position in Visa during the fourth quarter worth about $35,000. Institutional investors own 82.15% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on V. Citigroup reiterated a "neutral" rating on shares of Visa in a research note on Thursday, February 13th. Raymond James reiterated an "outperform" rating and issued a $393.00 price target (up from $374.00) on shares of Visa in a research report on Friday, January 31st. UBS Group cut their price objective on Visa from $400.00 to $395.00 and set a "buy" rating for the company in a report on Wednesday, April 30th. BMO Capital Markets boosted their target price on shares of Visa from $370.00 to $380.00 and gave the company an "outperform" rating in a research note on Wednesday, April 30th. Finally, JPMorgan Chase & Co. increased their target price on shares of Visa from $340.00 to $375.00 and gave the stock an "overweight" rating in a research report on Friday, January 31st. Six research analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $362.38.

Visa Trading Up 0.1%

Shares of V stock traded up $0.28 during trading hours on Tuesday, hitting $356.13. 5,404,018 shares of the company's stock traded hands, compared to its average volume of 7,151,907. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.45. Visa Inc. has a 12 month low of $252.70 and a 12 month high of $366.54. The stock has a market cap of $661.61 billion, a PE ratio of 35.90, a price-to-earnings-growth ratio of 2.33 and a beta of 0.96. The stock's 50 day simple moving average is $337.30 and its 200 day simple moving average is $328.04.

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 for the quarter, topping analysts' consensus estimates of $2.68 by $0.08. Visa had a net margin of 54.27% and a return on equity of 54.79%. The business had revenue of $9.59 billion during the quarter, compared to the consensus estimate of $9.57 billion. During the same quarter last year, the firm earned $2.51 earnings per share. Visa's quarterly revenue was up 9.3% on a year-over-year basis. On average, sell-side analysts anticipate that Visa Inc. will post 11.3 EPS for the current year.

Visa Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 2nd. Shareholders of record on Tuesday, May 13th will be paid a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a dividend yield of 0.66%. The ex-dividend date is Tuesday, May 13th. Visa's dividend payout ratio (DPR) is 23.72%.

Insider Activity at Visa

In other Visa news, insider Paul D. Fabara sold 39,350 shares of Visa stock in a transaction that occurred on Friday, March 14th. The shares were sold at an average price of $327.20, for a total transaction of $12,875,320.00. Following the transaction, the insider now owns 26,413 shares of the company's stock, valued at $8,642,333.60. This trade represents a 59.84% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, General Counsel Julie B. Rottenberg sold 2,575 shares of the business's stock in a transaction that occurred on 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 now owns 11,925 shares in the company, valued at $4,121,041.50. The trade was a 17.76% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 121,948 shares of company stock valued at $41,548,282 over the last 90 days. 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.