Mercer Global Advisors Inc. ADV Trims Holdings in Visa Inc. (NYSE:V)

Mercer Global Advisors Inc. ADV cut its stake in shares of Visa Inc. (NYSE:V - Free Report) by 9.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 259,738 shares of the credit-card processor's stock after selling 26,020 shares during the period. Mercer Global Advisors Inc. ADV's holdings in Visa were worth $82,088,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Decker Retirement Planning Inc. purchased a new stake in Visa during the 4th quarter valued at approximately $26,000. Bradley & Co. Private Wealth Management LLC purchased a new position in Visa during the fourth quarter valued at $27,000. POM Investment Strategies LLC increased its holdings in Visa by 48.5% in the 4th 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 last quarter. Modus Advisors LLC purchased a new stake in Visa in the 4th quarter worth $32,000. Finally, Compass Planning Associates Inc bought a new position in shares of Visa during the 4th quarter valued at about $32,000. 82.15% of the stock is owned by institutional investors.

Insider Transactions at Visa

In other 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 completion of the transaction, the insider now directly owns 26,413 shares of the company's stock, valued at $8,642,333.60. The trade was a 59.84 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Tullier Kelly Mahon sold 33,741 shares of the stock in a transaction on Friday, February 7th. The stock was sold at an average price of $349.77, for a total transaction of $11,801,589.57. Following the sale, the insider now directly owns 36,566 shares in the company, valued at $12,789,689.82. This trade represents a 47.99 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 143,208 shares of company stock worth $48,905,978 over the last 90 days. 0.13% of the stock is currently owned by company insiders.

Visa Stock Performance

Visa stock traded down $0.25 during mid-day trading on Tuesday, reaching $348.39. 1,611,301 shares of the company traded hands, compared to its average volume of 7,203,045. The firm's fifty day moving average is $337.57 and its two-hundred day moving average is $325.48. The company has a market capitalization of $647.24 billion, a price-to-earnings ratio of 35.08, a price-to-earnings-growth ratio of 2.33 and a beta of 0.96. Visa Inc. has a fifty-two week low of $252.70 and a fifty-two week high of $366.54. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.12 and a quick ratio of 1.12.

Visa (NYSE:V - Get Free Report) last issued its earnings results on Tuesday, April 29th. The credit-card processor reported $2.76 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.68 by $0.08. Visa had a return on equity of 54.79% and a net margin of 54.27%. The company had revenue of $9.59 billion during the quarter, compared to analyst estimates of $9.57 billion. During the same quarter last year, the business posted $2.51 EPS. The firm's quarterly revenue was up 9.3% on a year-over-year basis. On average, equities research analysts expect that Visa Inc. will post 11.3 earnings per share for the current fiscal year.

Visa Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 2nd. Stockholders of record on Tuesday, May 13th will be issued a $0.59 dividend. This represents a $2.36 annualized dividend and a dividend yield of 0.68%. The ex-dividend date is Tuesday, May 13th. Visa's dividend payout ratio (DPR) is currently 23.72%.

Analyst Upgrades and Downgrades

V has been the subject of a number of research reports. Citigroup reiterated a "neutral" rating on shares of Visa in a research report on Thursday, February 13th. Macquarie reduced their price objective on Visa from $400.00 to $380.00 and set an "outperform" rating on the stock in a research note on Wednesday, April 30th. UBS Group lowered their price objective on Visa from $400.00 to $395.00 and set a "buy" rating for the company in a research note on Wednesday, April 30th. Piper Sandler increased their price target on Visa from $383.00 to $384.00 and gave the company an "overweight" rating in a report on Wednesday, April 30th. Finally, William Blair reaffirmed an "outperform" rating on shares of Visa in a research note on Wednesday, April 30th. Seven equities research analysts have rated the stock with a hold rating, twenty have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $362.38.

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.