Good Life Advisors LLC Sells 5,678 Shares of Visa Inc. (NYSE:V)

Good Life Advisors LLC lowered its holdings in Visa Inc. (NYSE:V - Free Report) by 41.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 7,901 shares of the credit-card processor's stock after selling 5,678 shares during the quarter. Good Life Advisors LLC's holdings in Visa were worth $2,057,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in V. BCK Partners Inc. acquired a new position in shares of Visa in the 1st quarter worth approximately $2,717,000. Markel Corp increased its stake in shares of Visa by 0.3% in the first quarter. Markel Corp now owns 961,105 shares of the credit-card processor's stock valued at $213,144,000 after buying an additional 3,065 shares in the last quarter. AMI Investment Management Inc. bought a new position in shares of Visa in the first quarter valued at about $2,323,000. Ergoteles LLC acquired a new position in Visa during the 1st quarter worth about $538,000. Finally, XTX Topco Ltd bought a new stake in Visa during the 1st quarter worth about $1,496,000. Institutional investors and hedge funds own 82.15% of the company's stock.

Insider Activity at Visa

In other news, CAO Peter M. Andreski sold 2,615 shares of Visa stock in a transaction on Wednesday, February 7th. The shares were sold at an average price of $278.88, for a total transaction of $729,271.20. Following the transaction, the chief accounting officer now owns 4,898 shares in the company, valued at $1,365,954.24. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other Visa news, CEO Ryan Mcinerney sold 8,150 shares of the stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $273.39, for a total transaction of $2,228,128.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Peter M. Andreski sold 2,615 shares of the firm's stock in a transaction that occurred on Wednesday, February 7th. The stock was sold at an average price of $278.88, for a total value of $729,271.20. Following the sale, the chief accounting officer now directly owns 4,898 shares of the company's stock, valued at approximately $1,365,954.24. The disclosure for this sale can be found here. Insiders sold a total of 47,311 shares of company stock worth $12,832,129 in the last quarter. 0.19% of the stock is owned by insiders.

Visa Stock Performance

NYSE:V traded down $0.24 during mid-day trading on Thursday, reaching $278.78. 5,844,191 shares of the company's stock were exchanged, compared to its average volume of 5,650,746. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.45 and a current ratio of 1.45. The firm has a market capitalization of $511.98 billion, a PE ratio of 32.16, a price-to-earnings-growth ratio of 1.94 and a beta of 0.96. Visa Inc. has a one year low of $216.14 and a one year high of $290.96. The business's fifty day simple moving average is $279.11 and its two-hundred day simple moving average is $258.66.

Visa (NYSE:V - Get Free Report) last released its earnings results on Thursday, January 25th. The credit-card processor reported $2.41 EPS for the quarter, beating the consensus estimate of $2.34 by $0.07. The firm had revenue of $8.63 billion for the quarter, compared to analyst estimates of $8.55 billion. Visa had a net margin of 53.92% and a return on equity of 50.02%. The business's quarterly revenue was up 9.3% compared to the same quarter last year. During the same period last year, the firm earned $2.18 EPS. Analysts anticipate that Visa Inc. will post 9.89 earnings per share for the current fiscal year.

Visa Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, March 1st. Stockholders of record on Friday, February 9th were paid a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a dividend yield of 0.75%. The ex-dividend date was Thursday, February 8th. Visa's payout ratio is 23.94%.

Analyst Ratings Changes

Several equities analysts recently issued reports on V shares. Keefe, Bruyette & Woods lifted their price objective on Visa from $305.00 to $315.00 and gave the stock an "outperform" rating in a research report on Friday, January 26th. Jefferies Financial Group increased their price objective on shares of Visa from $280.00 to $295.00 and gave the company a "buy" rating in a report on Tuesday, December 12th. William Blair reaffirmed an "outperform" rating on shares of Visa in a report on Friday, January 26th. Wedbush increased their price target on Visa from $270.00 to $280.00 and gave the company an "outperform" rating in a research note on Friday, January 26th. Finally, Citigroup lifted their price objective on Visa from $296.00 to $306.00 and gave the stock a "buy" rating in a research note on Thursday, January 18th. Five equities research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $295.82.

Visa 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.