Visa Inc. (NYSE:V) Shares Sold by Evanson Asset Management LLC

Evanson Asset Management LLC trimmed its stake in shares of Visa Inc. (NYSE:V) by 22.9% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,483 shares of the credit-card processor’s stock after selling 736 shares during the quarter. Evanson Asset Management LLC’s holdings in Visa were worth $646,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also modified their holdings of V. Investment Advisory Services Inc. TX ADV grew its stake in shares of Visa by 2.0% during the 3rd quarter. Investment Advisory Services Inc. TX ADV now owns 3,930 shares of the credit-card processor’s stock worth $904,000 after purchasing an additional 78 shares during the period. Camarda Financial Advisors LLC grew its holdings in Visa by 3.0% in the second quarter. Camarda Financial Advisors LLC now owns 6,249 shares of the credit-card processor’s stock valued at $1,484,000 after purchasing an additional 182 shares during the last quarter. Wayfinding Financial LLC raised its stake in shares of Visa by 10.1% during the 3rd quarter. Wayfinding Financial LLC now owns 1,757 shares of the credit-card processor’s stock worth $406,000 after buying an additional 161 shares during the last quarter. Richelieu Gestion SA purchased a new stake in shares of Visa in the 4th quarter worth about $307,000. Finally, Orion Portfolio Solutions LLC increased its holdings in Visa by 5,907.4% during the 2nd quarter. Orion Portfolio Solutions LLC now owns 221,012 shares of the credit-card processor’s stock valued at $52,486,000 after acquiring an additional 217,333 shares in the last quarter. Institutional investors and hedge funds own 82.15% of the company’s stock.

Visa Stock Performance

Shares of NYSE:V traded down $0.24 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 quick ratio of 1.45, a current ratio of 1.45 and a debt-to-equity ratio of 0.54. Visa Inc. has a fifty-two week low of $216.14 and a fifty-two week high of $290.96. The business’s 50-day moving average is $279.11 and its two-hundred day moving average is $258.66. The firm has a market capitalization of $511.98 billion, a price-to-earnings ratio of 32.16, a PEG ratio of 1.94 and a beta of 0.96.

Visa (NYSE:V) last announced its quarterly earnings results on Thursday, January 25th. The credit-card processor reported $2.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.34 by $0.07. Visa had a return on equity of 50.02% and a net margin of 53.92%. The business had revenue of $8.63 billion for the quarter, compared to the consensus estimate of $8.55 billion. During the same quarter last year, the business posted $2.18 EPS. The business’s revenue was up 9.3% on a year-over-year basis. As a group, equities research analysts forecast that Visa Inc. will post 9.89 EPS for the current year.

Visa Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 1st. Investors of record on Friday, February 9th were given a $0.52 dividend. The ex-dividend date of this dividend was Thursday, February 8th. This represents a $2.08 annualized dividend and a yield of 0.75%. Visa’s dividend payout ratio is presently 23.94%.

Wall Street Analyst Weigh In

Several research firms have weighed in on V. Wedbush raised their price target on Visa from $270.00 to $280.00 and gave the stock an “outperform” rating in a research report on Friday, January 26th. Evercore ISI raised their target price on shares of Visa from $325.00 to $335.00 and gave the stock an “outperform” rating in a research report on Tuesday. UBS Group increased their price target on Visa from $305.00 to $315.00 and gave the stock a “buy” rating in a research note on Friday, January 26th. Citigroup upped their target price on Visa from $296.00 to $306.00 and gave the company a “buy” rating in a research note on Thursday, January 18th. Finally, Wells Fargo & Company raised their price target on Visa from $300.00 to $325.00 and gave the stock an “overweight” rating in a research note on Wednesday, March 6th. Five research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, Visa presently has a consensus rating of “Moderate Buy” and a consensus price target of $295.82.

Insiders Place Their Bets

In other news, CAO Peter M. Andreski sold 2,615 shares of the firm’s stock in a transaction on Wednesday, February 7th. The stock was sold at an average price of $278.88, for a total transaction of $729,271.20. Following the transaction, the chief accounting officer now directly owns 4,898 shares of the company’s stock, valued at $1,365,954.24. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, CAO Peter M. Andreski sold 2,615 shares of the company’s stock in a transaction 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 in the company, valued at $1,365,954.24. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Rajat Taneja sold 36,546 shares of Visa stock in a transaction dated Friday, January 19th. The stock was sold at an average price of $270.20, for a total value of $9,874,729.20. Following the transaction, the insider now directly owns 232,112 shares in the company, valued at $62,716,662.40. The disclosure for this sale can be found here. In the last 90 days, insiders sold 47,311 shares of company stock worth $12,832,129. Insiders own 0.19% of the company’s stock.

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.