Foster & Motley Inc. Trims Holdings in Visa Inc. (NYSE:V)

Foster & Motley Inc. cut its holdings in shares of Visa Inc. (NYSE:V) by 6.2% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 4,093 shares of the credit-card processor’s stock after selling 271 shares during the period. Foster & Motley Inc.’s holdings in Visa were worth $1,066,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also modified their holdings of the stock. Investment Advisory Services Inc. TX ADV lifted its holdings in Visa by 2.0% during the third quarter. Investment Advisory Services Inc. TX ADV now owns 3,930 shares of the credit-card processor’s stock valued at $904,000 after purchasing an additional 78 shares in the last quarter. Towerpoint Wealth LLC acquired a new position in shares of Visa during the 4th quarter worth about $216,000. Andrew Hill Investment Advisors Inc. acquired a new stake in Visa in the 4th quarter worth about $3,427,000. Wayfinding Financial LLC increased its stake in Visa by 10.1% during the 3rd quarter. Wayfinding Financial LLC now owns 1,757 shares of the credit-card processor’s stock worth $406,000 after buying an additional 161 shares in the last quarter. Finally, Richelieu Gestion SA purchased a new position in shares of Visa in the fourth quarter valued at approximately $307,000. Institutional investors and hedge funds own 82.15% of the company’s stock.

Insider Buying and Selling

In other Visa news, CAO Peter M. Andreski sold 2,615 shares of the company’s stock in a transaction on Wednesday, February 7th. The stock was sold at an average price of $278.88, for a total value of $729,271.20. Following the sale, the chief accounting officer now owns 4,898 shares of the company’s stock, valued at $1,365,954.24. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Visa news, CEO Ryan Mcinerney sold 8,200 shares of the firm’s stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $280.36, for a total value of $2,298,952.00. Following the sale, the chief executive officer now directly owns 538 shares of the company’s stock, valued at approximately $150,833.68. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CAO Peter M. Andreski sold 2,615 shares of the company’s stock in a transaction dated Wednesday, February 7th. The shares were sold at an average price of $278.88, for a total transaction of $729,271.20. Following the transaction, the chief accounting officer now directly owns 4,898 shares of the company’s stock, valued at approximately $1,365,954.24. The disclosure for this sale can be found here. Insiders have sold 18,965 shares of company stock valued at $5,256,352 over the last quarter. Company insiders own 0.19% of the company’s stock.

Wall Street Analyst Weigh In

V has been the subject of several research reports. Redburn Atlantic reiterated a “neutral” rating and set a $307.00 price target on shares of Visa in a research report on Wednesday, March 27th. Raymond James raised their price target on shares of Visa from $287.00 to $311.00 and gave the stock an “outperform” rating in a research note on Friday, January 26th. Susquehanna upped their price objective on shares of Visa from $300.00 to $326.00 and gave the company a “positive” rating in a research note on Friday, January 26th. UBS Group increased their price objective on shares of Visa from $305.00 to $315.00 and gave the company a “buy” rating in a report on Friday, January 26th. Finally, KeyCorp boosted their target price on Visa from $275.00 to $300.00 and gave the stock an “overweight” rating in a report on Monday, January 8th. Five research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $298.43.

Visa Trading Up 0.7 %

NYSE V opened at $274.23 on Wednesday. The firm’s fifty day moving average price is $279.49 and its 200 day moving average price is $263.90. Visa Inc. has a 12 month low of $216.14 and a 12 month high of $290.96. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.45 and a quick ratio of 1.45. The company has a market capitalization of $503.63 billion, a price-to-earnings ratio of 31.56, a price-to-earnings-growth ratio of 1.88 and a beta of 0.96.

Visa (NYSE:V) last announced its earnings results on Thursday, January 25th. The credit-card processor reported $2.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.34 by $0.07. The business had revenue of $8.63 billion for the quarter, compared to analyst estimates of $8.55 billion. Visa had a net margin of 53.92% and a return on equity of 50.02%. The company’s revenue for the quarter was up 9.3% compared to the same quarter last year. During the same period last year, the firm posted $2.18 earnings per share. On average, sell-side analysts expect that Visa Inc. will post 9.88 earnings per share for the current fiscal year.

Visa Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 1st. Investors of record on Friday, February 9th were paid a $0.52 dividend. The ex-dividend date of this dividend was Thursday, February 8th. This represents a $2.08 dividend on an annualized basis and a dividend yield of 0.76%. Visa’s dividend payout ratio (DPR) is presently 23.94%.

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.