Andina Capital Management LLC Has $401,000 Holdings in Visa Inc. $V

Andina Capital Management LLC cut its stake in shares of Visa Inc. (NYSE:V) by 47.1% in the 1st quarter, Holdings Channel reports. The institutional investor owned 1,143 shares of the credit-card processor’s stock after selling 1,017 shares during the quarter. Andina Capital Management LLC’s holdings in Visa were worth $401,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Keystone Global Partners LLC acquired a new position in shares of Visa during the first quarter worth $26,000. von Borstel & Associates Inc. bought a new stake in shares of Visa in the first quarter worth $27,000. Measured Risk Portfolios Inc. bought a new stake in shares of Visa in the fourth quarter worth $47,000. O Brien Wealth Partners LLC bought a new stake in shares of Visa in the first quarter worth $54,000. Finally, Global X Japan Co. Ltd. bought a new stake in shares of Visa in the first quarter worth $56,000. 82.15% of the stock is currently owned by institutional investors and hedge funds.

Visa Price Performance

V stock opened at $342.81 on Tuesday. The stock has a market capitalization of $628.30 billion, a PE ratio of 33.48, a price-to-earnings-growth ratio of 2.29 and a beta of 0.94. The company’s 50-day moving average is $349.69 and its 200-day moving average is $347.45. 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 Inc. has a 1 year low of $265.23 and a 1 year high of $375.51.

Visa (NYSE:V) last released its quarterly earnings data on Tuesday, July 29th. The credit-card processor reported $2.98 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.85 by $0.13. Visa had a net margin of 52.16% and a return on equity of 58.93%. The company had revenue of $10.17 billion for the quarter, compared to analysts’ expectations of $9.82 billion. During the same quarter in the prior year, the firm earned $2.42 EPS. The business’s revenue was up 14.3% on a year-over-year basis. Equities research analysts expect that Visa Inc. will post 11.3 EPS for the current fiscal year.

Visa Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 2nd. Investors of record on Tuesday, August 12th will be issued a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date is Tuesday, August 12th. Visa’s dividend payout ratio is currently 23.05%.

Insider Transactions at Visa

In related news, CEO Ryan Mcinerney sold 8,630 shares of the company’s stock in a transaction dated 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 sale, the chief executive officer owned 537 shares in the company, valued at $190,001.34. This represents a 94.14% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Paul D. Fabara sold 11,636 shares of the company’s stock in a transaction dated Wednesday, June 11th. The stock was sold at an average price of $375.00, for a total transaction of $4,363,500.00. Following the completion of the sale, the insider owned 26,413 shares in the company, valued at $9,904,875. This represents a 30.58% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 75,100 shares of company stock worth $27,643,224 in the last 90 days. 0.13% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the stock. Raymond James Financial reissued an “outperform” rating on shares of Visa in a research note on Wednesday, July 30th. Morgan Stanley boosted their price objective on shares of Visa from $386.00 to $402.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 30th. Macquarie boosted their price objective on shares of Visa from $380.00 to $425.00 and gave the stock an “outperform” rating in a research note on Thursday, July 31st. William Blair reissued an “outperform” rating on shares of Visa in a research note on Wednesday, April 30th. Finally, Truist Financial reduced their price objective on shares of Visa from $400.00 to $397.00 and set a “buy” rating on the stock in a research note on Thursday, July 17th. Five analysts have rated the stock with a hold rating, twenty-three have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Visa has a consensus rating of “Moderate Buy” and a consensus target price of $380.84.

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.