Investment Partners LTD. Sells 161 Shares of Visa Inc. (NYSE:V)

Investment Partners LTD. decreased its position in shares of Visa Inc. (NYSE:V) by 2.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,317 shares of the credit-card processor’s stock after selling 161 shares during the quarter. Investment Partners LTD.’s holdings in Visa were worth $1,384,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Trifecta Capital Advisors LLC boosted its position in shares of Visa by 2.7% during the third quarter. Trifecta Capital Advisors LLC now owns 20,176 shares of the credit-card processor’s stock valued at $4,641,000 after buying an additional 536 shares during the last quarter. New Hampshire Trust boosted its position in Visa by 1.9% in the third quarter. New Hampshire Trust now owns 13,944 shares of the credit-card processor’s stock worth $3,207,000 after purchasing an additional 266 shares during the last quarter. CreativeOne Wealth LLC boosted its position in Visa by 2.7% in the third quarter. CreativeOne Wealth LLC now owns 20,518 shares of the credit-card processor’s stock worth $4,720,000 after purchasing an additional 542 shares during the last quarter. B.O.S.S. Retirement Advisors LLC boosted its position in Visa by 10.8% in the third quarter. B.O.S.S. Retirement Advisors LLC now owns 11,960 shares of the credit-card processor’s stock worth $2,751,000 after purchasing an additional 1,166 shares during the last quarter. Finally, Nikulski Financial Inc. boosted its position in Visa by 4.0% in the third quarter. Nikulski Financial Inc. now owns 12,928 shares of the credit-card processor’s stock worth $2,974,000 after purchasing an additional 499 shares during the last quarter. Institutional investors own 82.15% of the company’s stock.

Insider Activity at Visa

In other Visa news, CEO Ryan Mcinerney sold 8,150 shares of the stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $273.39, for a total value of $2,228,128.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Visa news, CEO Ryan Mcinerney sold 8,150 shares of the stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $273.39, for a total value of $2,228,128.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Peter M. Andreski sold 2,615 shares of the 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 completion of the sale, the chief accounting officer now 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 19,874 shares of company stock worth $5,506,827 in the last ninety days. 0.19% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of research analysts have recently commented on the company. Macquarie upped their price target on Visa from $290.00 to $300.00 and gave the company an “outperform” rating in a research report on Wednesday. Citigroup upped their price target on Visa from $314.00 to $321.00 and gave the company a “buy” rating in a research report on Wednesday. Wells Fargo & Company upped their price target on Visa from $300.00 to $325.00 and gave the company an “overweight” rating in a research report on Wednesday, March 6th. Redburn Atlantic reaffirmed a “neutral” rating and set a $307.00 price target on shares of Visa in a research report on Wednesday, March 27th. Finally, KeyCorp upped their price target on Visa from $275.00 to $300.00 and gave the company an “overweight” rating in a research report on Monday, January 8th. Five equities research analysts have rated the stock with a hold rating and twenty have given a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $302.58.

Visa Price Performance

Shares of Visa stock traded down $0.64 during trading on Friday, hitting $274.52. 6,840,615 shares of the stock traded hands, compared to its average volume of 6,528,673. The company has a quick ratio of 1.45, a current ratio of 1.40 and a debt-to-equity ratio of 0.53. The stock has a market cap of $504.16 billion, a price-to-earnings ratio of 30.67, a PEG ratio of 1.89 and a beta of 0.96. The firm’s fifty day moving average is $279.24 and its 200-day moving average is $264.33. Visa Inc. has a 52 week low of $216.14 and a 52 week high of $290.96.

Visa (NYSE:V) last issued its earnings results on Tuesday, April 23rd. The credit-card processor reported $2.51 earnings per share for the quarter, beating the consensus estimate of $2.43 by $0.08. The company had revenue of $8.78 billion during the quarter, compared to analysts’ expectations of $8.62 billion. Visa had a return on equity of 51.23% and a net margin of 53.87%. Visa’s quarterly revenue was up 9.9% compared to the same quarter last year. During the same period in the prior year, the business posted $2.09 EPS. Research analysts expect that Visa Inc. will post 9.89 EPS for the current fiscal year.

Visa Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 3rd. Investors of record on Friday, May 17th will be issued a dividend of $0.52 per share. This represents a $2.08 annualized dividend and a yield of 0.76%. The ex-dividend date of this dividend is Thursday, May 16th. Visa’s dividend payout ratio is presently 23.24%.

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.