Visa Inc. $V Shares Sold by Profund Advisors LLC

Profund Advisors LLC decreased its holdings in Visa Inc. (NYSE:VFree Report) by 19.9% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 22,688 shares of the credit-card processor’s stock after selling 5,630 shares during the quarter. Profund Advisors LLC’s holdings in Visa were worth $7,957,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of V. ProShare Advisors LLC raised its stake in shares of Visa by 7.2% during the fourth quarter. ProShare Advisors LLC now owns 498,611 shares of the credit-card processor’s stock valued at $174,868,000 after purchasing an additional 33,530 shares in the last quarter. Warner Group LLC lifted its holdings in Visa by 21.1% in the fourth quarter. Warner Group LLC now owns 1,274 shares of the credit-card processor’s stock worth $447,000 after purchasing an additional 222 shares during the period. Summit Wealth Group LLC bought a new position in Visa in the 4th quarter valued at about $213,000. Radnor Capital Management LLC grew its position in Visa by 25.0% in the 4th quarter. Radnor Capital Management LLC now owns 15,235 shares of the credit-card processor’s stock valued at $5,343,000 after buying an additional 3,045 shares in the last quarter. Finally, Auxano Advisors LLC increased its stake in Visa by 0.5% during the 4th quarter. Auxano Advisors LLC now owns 9,571 shares of the credit-card processor’s stock valued at $3,357,000 after buying an additional 46 shares during the period. 82.15% of the stock is owned by institutional investors and hedge funds.

More Visa News

Here are the key news stories impacting Visa this week:

Analysts Set New Price Targets

A number of research firms have commented on V. Rothschild & Co Redburn set a $385.00 price target on shares of Visa in a research report on Wednesday, January 28th. Citigroup dropped their target price on Visa from $450.00 to $400.00 and set a “buy” rating on the stock in a report on Tuesday, April 14th. Evercore set a $350.00 target price on Visa in a research report on Wednesday, April 29th. Loop Capital began coverage on Visa in a research note on Tuesday, March 31st. They set a “buy” rating and a $387.00 price target for the company. Finally, Oppenheimer reiterated an “outperform” rating and set a $403.00 price target (up from $391.00) on shares of Visa in a research report on Wednesday, April 29th. Six equities research analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of $387.67.

Read Our Latest Analysis on Visa

Insiders Place Their Bets

In other news, CEO Ryan Mcinerney sold 31,455 shares of the stock in a transaction that occurred on Wednesday, April 29th. The shares were sold at an average price of $340.14, for a total value of $10,699,103.70. Following the completion of the sale, the chief executive officer directly owned 15,174 shares of the company’s stock, valued at $5,161,284.36. This represents a 67.46% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Chris Suh sold 10,639 shares of the firm’s stock in a transaction that occurred on Tuesday, May 12th. The stock was sold at an average price of $324.81, for a total transaction of $3,455,653.59. Following the sale, the chief financial officer owned 9,872 shares of the company’s stock, valued at approximately $3,206,524.32. This represents a 51.87% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 42,744 shares of company stock worth $14,356,010. 0.12% of the stock is currently owned by company insiders.

Visa Price Performance

Shares of NYSE:V opened at $333.14 on Tuesday. The company’s fifty day moving average is $311.47 and its two-hundred day moving average is $325.64. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 0.64. Visa Inc. has a 12-month low of $293.89 and a 12-month high of $375.51. The company has a market cap of $597.57 billion, a P/E ratio of 29.02, a price-to-earnings-growth ratio of 1.74 and a beta of 0.78.

Visa (NYSE:VGet Free Report) last issued its earnings results on Tuesday, April 28th. The credit-card processor reported $3.31 EPS for the quarter, topping the consensus estimate of $3.10 by $0.21. Visa had a return on equity of 65.00% and a net margin of 51.68%.The business had revenue of $11.23 billion during the quarter, compared to analysts’ expectations of $10.75 billion. During the same quarter last year, the firm posted $2.76 earnings per share. Visa’s revenue was up 17.1% compared to the same quarter last year. Equities analysts expect that Visa Inc. will post 13.09 earnings per share for the current fiscal year.

Visa announced that its board has initiated a share repurchase program on Tuesday, April 28th that authorizes the company to repurchase $20.00 billion in shares. This repurchase authorization authorizes the credit-card processor to buy up to 3.6% of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s leadership believes its shares are undervalued.

Visa Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 1st. Shareholders of record on Tuesday, May 12th will be given a dividend of $0.67 per share. The ex-dividend date is Tuesday, May 12th. This represents a $2.68 dividend on an annualized basis and a yield of 0.8%. Visa’s dividend payout ratio (DPR) is presently 23.34%.

About Visa

(Free Report)

Visa Inc is a global payments technology company that facilitates electronic funds transfers and digital commerce by connecting consumers, merchants, financial institutions and governments. The firm operates one of the world’s largest payment networks, providing processing, authorization, clearing and settlement services for credit, debit and prepaid card transactions. Visa’s network-based model enables partner banks and other issuers to offer branded payment products while Visa focuses on the infrastructure, standards and technologies that move money securely and efficiently around the world.

Visa’s product and service portfolio includes card-based payment products for consumers and businesses, real-time push-payment capabilities, tokenization and authentication services, fraud and risk-management tools, data analytics and APIs for fintech and merchant integration.

Further Reading

Want to see what other hedge funds are holding V? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Visa Inc. (NYSE:VFree Report).

Institutional Ownership by Quarter for Visa (NYSE:V)

Receive News & Ratings for Visa Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Visa and related companies with MarketBeat.com's FREE daily email newsletter.