Visa Inc. (NYSE:V) Shares Sold by Schonfeld Strategic Advisors LLC

Schonfeld Strategic Advisors LLC decreased its holdings in shares of Visa Inc. (NYSE:V - Free Report) by 53.7% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 25,033 shares of the credit-card processor's stock after selling 29,041 shares during the period. Schonfeld Strategic Advisors LLC's holdings in Visa were worth $7,911,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of V. Decker Retirement Planning Inc. purchased a new stake in Visa in the fourth quarter valued at approximately $26,000. Bradley & Co. Private Wealth Management LLC acquired a new stake in shares of Visa in the fourth quarter worth $27,000. POM Investment Strategies LLC raised its holdings in shares of Visa by 48.5% during the fourth 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. Modus Advisors LLC acquired a new position in Visa during the fourth quarter valued at $32,000. Finally, Compass Planning Associates Inc purchased a new stake in Visa in the fourth quarter valued at $32,000. Institutional investors and hedge funds own 82.15% of the company's stock.

Insider Buying and Selling

In other news, CAO Peter M. Andreski sold 2,332 shares of Visa stock in a transaction on Friday, February 7th. The stock was sold at an average price of $349.62, for a total value of $815,313.84. Following the completion of the sale, the chief accounting officer now directly owns 4,488 shares of the company's stock, valued at approximately $1,569,094.56. The trade was a 34.19 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Tullier Kelly Mahon sold 33,741 shares of the stock in a transaction dated Friday, February 7th. The stock was sold at an average price of $349.77, for a total value of $11,801,589.57. Following the transaction, the insider now directly owns 36,566 shares in the company, valued at approximately $12,789,689.82. The trade was a 47.99 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 154,400 shares of company stock valued at $52,711,258. 0.13% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several research analysts recently weighed in on the company. The Goldman Sachs Group lifted their price target on Visa from $346.00 to $384.00 and gave the company a "buy" rating in a research report on Friday, January 31st. Evercore ISI began coverage on shares of Visa in a report on Wednesday, April 9th. They set an "in-line" rating and a $330.00 price target on the stock. Susquehanna reaffirmed a "positive" rating on shares of Visa in a report on Friday, March 21st. Barclays increased their target price on shares of Visa from $361.00 to $396.00 and gave the stock an "overweight" rating in a research note on Monday, February 3rd. Finally, UBS Group reduced their price target on Visa from $400.00 to $395.00 and set a "buy" rating for the company in a report on Wednesday. Seven research analysts have rated the stock with a hold rating, twenty have given a buy rating and one has assigned a strong buy rating to the 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.

Visa Trading Up 1.5 %

Visa stock traded up $5.21 during midday trading on Friday, hitting $347.66. 6,112,726 shares of the stock were exchanged, compared to its average volume of 7,238,581. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.45. The stock's 50-day simple moving average is $337.61 and its 200 day simple moving average is $324.57. Visa Inc. has a fifty-two week low of $252.70 and a fifty-two week high of $366.54. The stock has a market capitalization of $645.87 billion, a price-to-earnings ratio of 35.05, a PEG ratio of 2.33 and a beta of 0.96.

Visa (NYSE:V - Get Free Report) last released 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. The firm had revenue of $9.59 billion for the quarter, compared to analyst estimates of $9.57 billion. Visa had a net margin of 54.27% and a return on equity of 54.79%. The business's revenue for the quarter was up 9.3% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.51 EPS. On average, equities analysts anticipate that Visa Inc. will post 11.3 EPS for the current year.

Visa Dividend Announcement

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

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.