Nottingham Advisors Inc. Sells 1,600 Shares of Visa Inc. (NYSE:V)

Nottingham Advisors Inc. reduced its position in Visa Inc. (NYSE:V) by 63.3% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 926 shares of the credit-card processor’s stock after selling 1,600 shares during the quarter. Nottingham Advisors Inc.’s holdings in Visa were worth $255,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Perpetual Ltd boosted its stake in shares of Visa by 0.8% during the first quarter. Perpetual Ltd now owns 6,344 shares of the credit-card processor’s stock valued at $1,770,000 after purchasing an additional 52 shares in the last quarter. Abacus Wealth Partners LLC bought a new position in shares of Visa during the first quarter valued at approximately $383,000. Banque Cantonale Vaudoise boosted its stake in shares of Visa by 16.5% during the first quarter. Banque Cantonale Vaudoise now owns 107,760 shares of the credit-card processor’s stock valued at $30,071,000 after purchasing an additional 15,238 shares in the last quarter. Wedmont Private Capital boosted its stake in shares of Visa by 5.4% during the first quarter. Wedmont Private Capital now owns 14,544 shares of the credit-card processor’s stock valued at $4,025,000 after purchasing an additional 741 shares in the last quarter. Finally, Grandview Asset Management LLC boosted its stake in shares of Visa by 2.1% during the first quarter. Grandview Asset Management LLC now owns 5,804 shares of the credit-card processor’s stock valued at $1,620,000 after purchasing an additional 120 shares in the last quarter. 82.15% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, CEO Ryan Mcinerney sold 8,620 shares of the business’s stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $276.37, for a total value of $2,382,309.40. Following the sale, the chief executive officer now directly owns 538 shares of the company’s stock, valued at approximately $148,687.06. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.19% of the company’s stock.

Visa Stock Performance

NYSE:V opened at $290.38 on Friday. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.37 and a quick ratio of 1.37. The firm has a market capitalization of $531.09 billion, a price-to-earnings ratio of 32.44, a PEG ratio of 1.94 and a beta of 0.96. The company’s 50-day moving average is $276.30 and its two-hundred day moving average is $272.86. Visa Inc. has a 1-year low of $228.03 and a 1-year high of $293.07.

Visa (NYSE:V) last posted its earnings results on Tuesday, July 23rd. The credit-card processor reported $2.42 earnings per share for the quarter, meeting the consensus estimate of $2.42. The company had revenue of $8.90 billion for the quarter, compared to analyst estimates of $8.92 billion. Visa had a net margin of 54.72% and a return on equity of 51.94%. Visa’s revenue was up 9.6% on a year-over-year basis. During the same period in the previous year, the business posted $2.16 EPS. Analysts forecast that Visa Inc. will post 9.92 EPS for the current year.

Visa Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 3rd. Stockholders of record on Friday, August 9th were paid a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a dividend yield of 0.72%. The ex-dividend date of this dividend was Friday, August 9th. Visa’s dividend payout ratio (DPR) is 23.24%.

Wall Street Analysts Forecast Growth

V has been the subject of several recent analyst reports. TD Cowen lowered their target price on shares of Visa from $320.00 to $318.00 and set a “buy” rating for the company in a research note on Wednesday, July 24th. Evercore ISI lowered their price objective on shares of Visa from $335.00 to $330.00 and set an “outperform” rating for the company in a research note on Tuesday, June 25th. Compass Point began coverage on shares of Visa in a research note on Wednesday, September 4th. They set a “buy” rating and a $319.00 price objective for the company. Keefe, Bruyette & Woods raised shares of Visa from a “moderate buy” rating to a “strong-buy” rating in a report on Tuesday, September 24th. Finally, Royal Bank of Canada cut their price objective on shares of Visa from $315.00 to $311.00 and set an “outperform” rating for the company in a report on Wednesday, July 24th. Four analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $314.19.

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.