Visa Inc. (NYSE:V) Shares Sold by Forum Financial Management LP

Forum Financial Management LP decreased its holdings in shares of Visa Inc. (NYSE:V) by 6.5% during the 1st quarter, Holdings Channel.com reports. The firm owned 9,391 shares of the credit-card processor’s stock after selling 656 shares during the period. Forum Financial Management LP’s holdings in Visa were worth $3,291,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. von Borstel & Associates Inc. purchased a new stake in shares of Visa during the first quarter worth about $27,000. Sellwood Investment Partners LLC acquired a new position in shares of Visa during the fourth quarter worth approximately $41,000. Mountain Hill Investment Partners Corp. acquired a new position in shares of Visa during the fourth quarter worth approximately $47,000. Measured Risk Portfolios Inc. bought a new stake in Visa during the fourth quarter worth approximately $47,000. Finally, O Brien Wealth Partners LLC bought a new position in shares of Visa in the first quarter valued at $54,000. Institutional investors and hedge funds own 82.15% of the company’s stock.

Visa Price Performance

Shares of NYSE V opened at $350.01 on Friday. Visa Inc. has a twelve month low of $252.70 and a twelve month high of $375.51. The business’s 50 day moving average price is $356.90 and its two-hundred day moving average price is $343.40. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 0.45. The company has a market cap of $645.82 billion, a PE ratio of 35.18, a price-to-earnings-growth ratio of 2.37 and a beta of 0.92.

Visa (NYSE:V) last issued its earnings results on Tuesday, April 29th. The credit-card processor reported $2.76 earnings per share for the quarter, beating analysts’ consensus estimates of $2.68 by $0.08. The firm had revenue of $9.59 billion for the quarter, compared to the consensus estimate of $9.57 billion. Visa had a return on equity of 56.28% and a net margin of 52.86%. The company’s revenue was up 9.3% compared to the same quarter last year. During the same quarter last year, the business posted $2.51 EPS. On average, analysts predict that Visa Inc. will post 11.3 EPS for the current year.

Visa Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 2nd. Investors of record on Tuesday, May 13th were paid a $0.59 dividend. The ex-dividend date was Tuesday, May 13th. This represents a $2.36 annualized dividend and a yield of 0.67%. Visa’s payout ratio is 23.72%.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on V shares. Citigroup assumed coverage on shares of Visa in a research report on Monday, June 2nd. They set a “buy” rating on the stock. Oppenheimer increased their target price on shares of Visa from $390.00 to $391.00 and gave the company an “outperform” rating in a research note on Wednesday, July 2nd. Barclays reissued an “overweight” rating on shares of Visa in a research report on Friday, June 13th. Evercore ISI began coverage on shares of Visa in a research note on Wednesday, April 9th. They set an “in-line” rating and a $330.00 price target on the stock. Finally, Deutsche Bank Aktiengesellschaft started coverage on shares of Visa in a research note on Thursday. They issued a “buy” rating and a $410.00 price objective on the stock. Five investment analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $375.52.

Insiders Place Their Bets

In other Visa news, General Counsel Julie B. Rottenberg sold 2,575 shares of the company’s stock in a transaction dated Thursday, May 1st. The shares were sold at an average price of $345.58, for a total transaction of $889,868.50. Following the completion of the sale, the general counsel directly owned 11,925 shares in the company, valued at $4,121,041.50. This represents a 17.76% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Ryan Mcinerney sold 8,630 shares of the firm’s stock in a transaction dated Tuesday, July 1st. The stock was sold at an average price of $353.82, for a total transaction of $3,053,466.60. Following the completion of the sale, 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 ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 101,108 shares of company stock worth $36,771,200 over the last 90 days. Corporate insiders own 0.13% of the company’s stock.

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.