Visa Inc. (NYSE:V) Shares Sold by Transform Wealth LLC

Transform Wealth LLC trimmed its holdings in shares of Visa Inc. (NYSE:V) by 47.3% during the first quarter, HoldingsChannel reports. The institutional investor owned 7,407 shares of the credit-card processor’s stock after selling 6,636 shares during the quarter. Transform Wealth LLC’s holdings in Visa were worth $2,067,000 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 V. Westend Capital Management LLC bought a new stake in shares of Visa in the first quarter worth $25,000. Livelsberger Financial Advisory bought a new stake in shares of Visa in the fourth quarter worth $25,000. O Brien Wealth Partners LLC bought a new stake in shares of Visa in the fourth quarter worth $32,000. Frank Rimerman Advisors LLC bought a new stake in shares of Visa in the fourth quarter worth $33,000. Finally, Valued Wealth Advisors LLC bought a new stake in shares of Visa in the fourth quarter worth $37,000. 82.15% of the stock is owned by institutional investors and hedge funds.

Visa Stock Down 2.6 %

Shares of NYSE V traded down $6.98 during trading hours on Thursday, hitting $266.62. The stock had a trading volume of 10,526,284 shares, compared to its average volume of 6,751,320. The company has a market capitalization of $487.63 billion, a P/E ratio of 30.17, a P/E/G ratio of 1.87 and a beta of 0.97. The firm’s 50-day moving average price is $274.13 and its two-hundred day moving average price is $273.41. Visa Inc. has a 52 week low of $226.02 and a 52 week high of $290.96. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.40 and a current ratio of 1.40.

Visa (NYSE:V) last announced its quarterly earnings results on Tuesday, April 23rd. The credit-card processor reported $2.51 EPS for the quarter, beating the consensus estimate of $2.43 by $0.08. The business had revenue of $8.78 billion during the quarter, compared to analysts’ expectations of $8.62 billion. Visa had a return on equity of 51.23% and a net margin of 53.87%. The firm’s quarterly revenue was up 9.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.09 EPS. Analysts anticipate that Visa Inc. will post 9.94 EPS for the current fiscal year.

Visa Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 3rd. Shareholders of record on Friday, May 17th were given a dividend of $0.52 per share. The ex-dividend date of this dividend was Thursday, May 16th. This represents a $2.08 dividend on an annualized basis and a yield of 0.78%. Visa’s payout ratio is currently 23.24%.

Analysts Set New Price Targets

Several analysts have weighed in on the stock. William Blair reiterated an “outperform” rating on shares of Visa in a research note on Wednesday, April 24th. Mizuho boosted their target price on shares of Visa from $265.00 to $275.00 and gave the company a “neutral” rating in a research note on Thursday, May 2nd. Oppenheimer boosted their target price on shares of Visa from $297.00 to $299.00 and gave the company an “outperform” rating in a research note on Wednesday, April 24th. Wells Fargo & Company boosted their target price on shares of Visa from $300.00 to $325.00 and gave the company an “overweight” rating in a research note on Wednesday, March 6th. Finally, Macquarie boosted their target price on shares of Visa from $290.00 to $300.00 and gave the company an “outperform” rating in a research note on Wednesday, April 24th. Five analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the company’s stock. According to MarketBeat.com, Visa has an average rating of “Moderate Buy” and an average target price of $303.56.

Insiders Place Their Bets

In other Visa news, CEO Ryan Mcinerney sold 8,200 shares of the company’s stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $280.36, for a total transaction of $2,298,952.00. Following the completion of the sale, the chief executive officer now owns 538 shares of the company’s stock, valued at $150,833.68. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, insider Paul D. Fabara sold 25,293 shares of the stock in a transaction that occurred on Wednesday, May 15th. The stock was sold at an average price of $277.15, for a total value of $7,009,954.95. Following the completion of the sale, the insider now directly owns 17,894 shares of the company’s stock, valued at $4,959,322.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Ryan Mcinerney sold 8,200 shares of the stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $280.36, for a total value of $2,298,952.00. Following the completion of the sale, the chief executive officer now directly owns 538 shares of the company’s stock, valued at $150,833.68. The disclosure for this sale can be found here. Insiders sold 34,402 shares of company stock valued at $9,559,382 over the last 90 days. 0.19% of the stock is currently owned by company insiders.

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.