Second Line Capital LLC Decreases Position in Visa Inc. (NYSE:V)

Second Line Capital LLC cut its stake in Visa Inc. (NYSE:V) by 2.3% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 10,432 shares of the credit-card processor’s stock after selling 247 shares during the quarter. Visa comprises approximately 0.9% of Second Line Capital LLC’s portfolio, making the stock its 25th biggest holding. Second Line Capital LLC’s holdings in Visa were worth $3,297,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Decker Retirement Planning Inc. acquired a new stake in Visa in the 4th quarter valued at about $26,000. Bradley & Co. Private Wealth Management LLC acquired a new stake in Visa in the 4th quarter valued at about $27,000. POM Investment Strategies LLC raised its holdings in Visa by 48.5% in the 4th quarter. POM Investment Strategies LLC now owns 98 shares of the credit-card processor’s stock valued at $31,000 after acquiring an additional 32 shares during the last quarter. Compass Planning Associates Inc acquired a new stake in Visa in the 4th quarter valued at about $32,000. Finally, FPC Investment Advisory Inc. raised its holdings in Visa by 377.3% in the 4th quarter. FPC Investment Advisory Inc. now owns 105 shares of the credit-card processor’s stock valued at $36,000 after acquiring an additional 83 shares during the last quarter. 82.15% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, insider Paul D. Fabara sold 14,813 shares of Visa stock in a transaction on Thursday, May 8th. The shares were sold at an average price of $355.04, for a total transaction of $5,259,207.52. Following the completion of the sale, the insider now directly owns 26,413 shares of the company’s stock, valued at approximately $9,377,671.52. The trade was a 35.93% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Ryan Mcinerney sold 8,620 shares of Visa stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $363.00, for a total transaction of $3,129,060.00. Following the sale, the chief executive officer now directly owns 537 shares of the company’s stock, valued at approximately $194,931. This trade represents a 94.14% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 121,948 shares of company stock worth $41,548,282 over the last 90 days. Corporate insiders own 0.13% of the company’s stock.

Visa Stock Performance

NYSE:V opened at $365.23 on Friday. The company has a fifty day simple moving average of $338.59 and a two-hundred day simple moving average of $329.34. The company has a market cap of $678.51 billion, a price-to-earnings ratio of 36.82, a price-to-earnings-growth ratio of 2.33 and a beta of 0.96. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.45. Visa Inc. has a 52 week low of $252.70 and a 52 week high of $366.54.

Visa (NYSE:V) last posted its quarterly earnings results on Tuesday, April 29th. The credit-card processor reported $2.76 EPS for the quarter, topping the consensus estimate of $2.68 by $0.08. The business had revenue of $9.59 billion during the quarter, compared to the consensus estimate of $9.57 billion. Visa had a net margin of 54.27% and a return on equity of 54.79%. The company’s quarterly revenue was up 9.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.51 earnings per share. As a group, equities analysts anticipate that Visa Inc. will post 11.3 earnings per share for the current fiscal year.

Visa Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 2nd. Shareholders of record on Tuesday, May 13th will be paid a $0.59 dividend. The ex-dividend date of this dividend is Tuesday, May 13th. This represents a $2.36 annualized dividend and a dividend yield of 0.65%. Visa’s dividend payout ratio (DPR) is 23.72%.

Analyst Upgrades and Downgrades

A number of analysts have commented on the stock. Wells Fargo & Company increased their price objective on shares of Visa from $360.00 to $395.00 and gave the company an “overweight” rating in a report on Friday, January 31st. Keefe, Bruyette & Woods reiterated a “hold” rating on shares of Visa in a report on Thursday, February 13th. Raymond James reiterated an “outperform” rating and issued a $393.00 price objective (up previously from $374.00) on shares of Visa in a report on Friday, January 31st. Citigroup restated a “neutral” rating on shares of Visa in a report on Thursday, February 13th. Finally, Macquarie cut their price target on shares of Visa from $400.00 to $380.00 and set an “outperform” rating for the company in a report on Wednesday, April 30th. Six research analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $362.38.

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.