Brady Martz Wealth Solutions LLC Sells 43 Shares of Visa Inc. $V

Brady Martz Wealth Solutions LLC reduced its stake in Visa Inc. (NYSE:V) by 1.1% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 3,876 shares of the credit-card processor’s stock after selling 43 shares during the quarter. Brady Martz Wealth Solutions LLC’s holdings in Visa were worth $1,376,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the stock. Keystone Global Partners LLC bought a new stake in Visa during the first quarter valued at about $26,000. von Borstel & Associates Inc. bought a new stake in Visa during the first quarter valued at about $27,000. Family Legacy Financial Solutions LLC bought a new stake in Visa during the second quarter valued at about $28,000. 1 North Wealth Services LLC bought a new stake in Visa during the first quarter valued at about $38,000. Finally, Westend Capital Management LLC raised its holdings in Visa by 83.1% during the second quarter. Westend Capital Management LLC now owns 108 shares of the credit-card processor’s stock valued at $38,000 after acquiring an additional 49 shares during the period. 82.15% of the stock is owned by institutional investors.

Visa Stock Down 1.7%

Shares of NYSE:V opened at $338.66 on Wednesday. Visa Inc. has a 1 year low of $268.23 and a 1 year high of $375.51. The business has a 50 day simple moving average of $345.41 and a two-hundred day simple moving average of $346.32. The firm has a market capitalization of $620.70 billion, a PE ratio of 33.07, a price-to-earnings-growth ratio of 2.29 and a beta of 0.92. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.12 and a quick ratio of 1.12.

Visa (NYSE:V) last announced its earnings results on Tuesday, July 29th. The credit-card processor reported $2.98 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.85 by $0.13. Visa had a return on equity of 58.93% and a net margin of 52.16%.The business had revenue of $10.17 billion during the quarter, compared to analyst estimates of $9.82 billion. During the same quarter in the previous year, the business earned $2.42 earnings per share. The company’s revenue for the quarter was up 14.3% compared to the same quarter last year. On average, equities analysts predict that Visa Inc. will post 11.3 EPS for the current year.

Visa Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 2nd. Shareholders of record on Tuesday, August 12th were given a dividend of $0.59 per share. This represents a $2.36 annualized dividend and a dividend yield of 0.7%. The ex-dividend date was Tuesday, August 12th. Visa’s payout ratio is 23.05%.

Insider Activity at Visa

In other Visa news, General Counsel Julie B. Rottenberg sold 2,027 shares of the business’s stock in a transaction that occurred on Monday, August 18th. The stock was sold at an average price of $344.02, for a total transaction of $697,328.54. Following the completion of the transaction, the general counsel owned 11,925 shares in the company, valued at $4,102,438.50. The trade was a 14.53% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Ryan Mcinerney sold 8,630 shares of the business’s stock in a transaction that occurred on Tuesday, July 1st. The shares were 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 of the company’s stock, valued at $190,001.34. This trade represents a 94.14% decrease in their position. The disclosure for this sale can be found here. 0.13% of the stock is owned by insiders.

Analyst Ratings Changes

A number of equities research analysts have commented on the company. Mizuho raised Visa from a “neutral” rating to an “outperform” rating and raised their price target for the company from $359.00 to $425.00 in a report on Thursday, June 5th. Oppenheimer raised their price target on Visa from $390.00 to $391.00 and gave the company an “outperform” rating in a report on Wednesday, July 2nd. The Goldman Sachs Group assumed coverage on Visa in a report on Monday, June 2nd. They set a “neutral” rating on the stock. Macquarie raised their price target on Visa from $380.00 to $425.00 and gave the company an “outperform” rating in a report on Thursday, July 31st. Finally, Raymond James Financial reissued an “outperform” rating on shares of Visa in a report on Wednesday, July 30th. One equities research analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat, Visa currently has an average rating of “Moderate Buy” and an average target price of $385.96.

Visa Company 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.