Paradigm Financial Advisors LLC Trims Position in Visa Inc. (NYSE:V)

Paradigm Financial Advisors LLC lessened its stake in Visa Inc. (NYSE:V – Get Rating) by 5.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 13,396 shares of the credit-card processor’s stock after selling 709 shares during the period. Paradigm Financial Advisors LLC’s holdings in Visa were worth $2,903,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the stock. Morgan Stanley grew its holdings in Visa by 1.5% during the 3rd quarter. Morgan Stanley now owns 42,355,192 shares of the credit-card processor’s stock worth $9,434,618,000 after acquiring an additional 646,198 shares in the last quarter. Geode Capital Management LLC grew its holdings in Visa by 3.0% during the 3rd quarter. Geode Capital Management LLC now owns 28,855,078 shares of the credit-card processor’s stock worth $6,410,682,000 after acquiring an additional 849,919 shares in the last quarter. Massachusetts Financial Services Co. MA grew its holdings in Visa by 1.3% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 24,368,049 shares of the credit-card processor’s stock worth $5,280,800,000 after acquiring an additional 320,042 shares in the last quarter. TCI Fund Management Ltd. grew its holdings in Visa by 41.8% during the 3rd quarter. TCI Fund Management Ltd. now owns 19,939,311 shares of the credit-card processor’s stock worth $4,441,482,000 after acquiring an additional 5,881,421 shares in the last quarter. Finally, Franklin Resources Inc. grew its holdings in Visa by 1.3% during the 3rd quarter. Franklin Resources Inc. now owns 12,622,046 shares of the credit-card processor’s stock worth $2,811,566,000 after acquiring an additional 165,078 shares in the last quarter. 80.77% of the stock is currently owned by institutional investors.

V stock traded up $5.26 during trading on Friday, reaching $199.23. 6,677,719 shares of the stock were exchanged, compared to its average volume of 8,952,995. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 0.53. The business has a 50 day moving average price of $211.67 and a 200-day moving average price of $212.88. Visa Inc. has a 1 year low of $186.67 and a 1 year high of $252.67. The firm has a market capitalization of $378.79 billion, a price-to-earnings ratio of 31.33, a P/E/G ratio of 1.65 and a beta of 0.90.

Visa (NYSE:V – Get Rating) last issued its earnings results on Tuesday, April 26th. The credit-card processor reported $1.79 EPS for the quarter, topping analysts’ consensus estimates of $1.65 by $0.14. Visa had a net margin of 51.10% and a return on equity of 42.89%. The company had revenue of $7.19 billion for the quarter, compared to the consensus estimate of $6.82 billion. During the same period in the previous year, the firm earned $1.38 earnings per share. Visa’s quarterly revenue was up 25.5% compared to the same quarter last year. On average, research analysts anticipate that Visa Inc. will post 7.14 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 1st. Stockholders of record on Friday, May 13th will be paid a $0.375 dividend. This represents a $1.50 dividend on an annualized basis and a dividend yield of 0.75%. The ex-dividend date of this dividend is Thursday, May 12th. Visa’s dividend payout ratio (DPR) is 23.58%.

In related news, Director Robert W. Matschullat sold 1,114 shares of Visa stock in a transaction that occurred on Wednesday, March 16th. The shares were sold at an average price of $210.94, for a total value of $234,987.16. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, President Ryan Mcinerney sold 6,466 shares of Visa stock in a transaction that occurred on Monday, March 28th. The shares were sold at an average price of $220.00, for a total transaction of $1,422,520.00. The disclosure for this sale can be found here. Insiders sold a total of 41,047 shares of company stock worth $9,030,622 over the last three months. Insiders own 0.21% of the company’s stock.

Several equities research analysts have weighed in on the company. Evercore ISI raised their price target on Visa from $304.00 to $310.00 and gave the stock an “outperform” rating in a report on Wednesday, April 27th. Raymond James boosted their target price on shares of Visa from $265.00 to $281.00 and gave the stock an “outperform” rating in a research report on Friday, January 28th. Credit Suisse Group lifted their price objective on shares of Visa from $260.00 to $265.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 27th. Barclays cut their target price on Visa from $265.00 to $260.00 and set an “overweight” rating on the stock in a research report on Monday, April 4th. Finally, StockNews.com upgraded Visa from a “hold” rating to a “buy” rating in a research note on Thursday, April 28th. Six analysts have rated the stock with a hold rating and twenty have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and an average price target of $265.24.

Visa Profile (Get Rating)

Visa Inc operates as a payments technology company worldwide. The company facilitates digital payments among consumers, merchants, financial institutions, businesses, strategic partners, and government entities. It operates VisaNet, a transaction processing network that enables authorization, clearing, and settlement of payment transactions.

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