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

MBA Advisors LLC lowered its position in Visa Inc. (NYSE:V) by 6.2% in the first quarter, HoldingsChannel reports. The institutional investor owned 1,216 shares of the credit-card processor’s stock after selling 80 shares during the period. MBA Advisors LLC’s holdings in Visa were worth $426,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in V. Sellwood Investment Partners LLC purchased a new position in Visa during the fourth quarter worth $41,000. Mountain Hill Investment Partners Corp. acquired a new stake in shares of Visa during the fourth quarter valued at $47,000. Measured Risk Portfolios Inc. purchased a new stake in Visa during the 4th quarter worth about $47,000. Navigoe LLC purchased a new stake in Visa during the 4th quarter worth about $53,000. Finally, O Brien Wealth Partners LLC acquired a new position in Visa in the 1st quarter valued at about $54,000. Institutional investors and hedge funds own 82.15% of the company’s stock.

Insiders Place Their Bets

In related news, CEO Ryan Mcinerney sold 8,630 shares of the business’s stock in a transaction dated Tuesday, July 1st. The stock was sold at an average price of $353.82, for a total value of $3,053,466.60. Following the transaction, the chief executive officer owned 537 shares in the company, valued at approximately $190,001.34. The trade was a 94.14% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Paul D. Fabara sold 46,214 shares of the stock in a transaction dated Thursday, June 5th. The shares were sold at an average price of $370.00, for a total value of $17,099,180.00. Following the completion of the transaction, the insider directly owned 26,413 shares of the company’s stock, valued at $9,772,810. This represents a 63.63% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 101,108 shares of company stock worth $36,771,200 in the last quarter. 0.13% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on V shares. Oppenheimer raised their price target on shares of Visa from $390.00 to $391.00 and gave the stock an “outperform” rating in a research note on Wednesday. Barclays reiterated an “overweight” rating on shares of Visa in a report on Friday, June 13th. The Goldman Sachs Group started coverage on Visa in a report on Monday, June 2nd. They set a “neutral” rating on the stock. Wall Street Zen upgraded Visa from a “hold” rating to a “buy” rating in a research note on Monday, May 12th. Finally, Jefferies Financial Group increased their target price on Visa from $400.00 to $410.00 and gave the stock a “buy” rating in a research report on Tuesday, May 27th. Five investment analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Visa has an average rating of “Moderate Buy” and a consensus price target of $372.84.

Visa Price Performance

V stock opened at $358.70 on Friday. The firm has a market cap of $661.86 billion, a P/E ratio of 36.05, a price-to-earnings-growth ratio of 2.43 and a beta of 0.92. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.08 and a current ratio of 1.08. Visa Inc. has a 1 year low of $252.70 and a 1 year high of $375.51. The stock has a 50-day simple moving average of $355.79 and a 200-day simple moving average of $341.46.

Visa (NYSE:V) last posted its quarterly earnings data on Tuesday, April 29th. The credit-card processor reported $2.76 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.68 by $0.08. Visa had a net margin of 52.86% and a return on equity of 56.28%. The company had revenue of $9.59 billion for the quarter, compared to analyst estimates of $9.57 billion. During the same quarter last year, the firm posted $2.51 earnings per share. The business’s quarterly revenue was up 9.3% on a year-over-year basis. On average, equities analysts predict that Visa Inc. will post 11.3 earnings per share for the current fiscal year.

Visa Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, June 2nd. Investors of record on Tuesday, May 13th were paid a dividend of $0.59 per share. This represents a $2.36 annualized dividend and a yield of 0.66%. The ex-dividend date of this dividend was Tuesday, May 13th. Visa’s dividend payout ratio (DPR) is 23.72%.

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.