Fairscale Capital LLC Sells 68 Shares of Visa Inc. (NYSE:V)

Fairscale Capital LLC decreased its stake in Visa Inc. (NYSE:V) by 0.9% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 7,474 shares of the credit-card processor’s stock after selling 68 shares during the quarter. Visa makes up 1.8% of Fairscale Capital LLC’s holdings, making the stock its 9th biggest position. Fairscale Capital LLC’s holdings in Visa were worth $2,055,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also modified their holdings of V. WFA Asset Management Corp grew its position in shares of Visa by 4.6% in the first quarter. WFA Asset Management Corp now owns 2,263 shares of the credit-card processor’s stock valued at $632,000 after purchasing an additional 100 shares during the period. Lavaca Capital LLC acquired a new position in Visa during the first quarter worth about $249,000. Caxton Associates LP boosted its position in Visa by 431.3% during the first quarter. Caxton Associates LP now owns 53,088 shares of the credit-card processor’s stock worth $14,816,000 after acquiring an additional 43,096 shares during the last quarter. Zurich Insurance Group Ltd FI boosted its position in Visa by 0.3% during the first quarter. Zurich Insurance Group Ltd FI now owns 583,343 shares of the credit-card processor’s stock worth $162,799,000 after acquiring an additional 2,015 shares during the last quarter. Finally, Silvercrest Asset Management Group LLC boosted its position in Visa by 13.7% during the first quarter. Silvercrest Asset Management Group LLC now owns 148,553 shares of the credit-card processor’s stock worth $41,458,000 after acquiring an additional 17,887 shares during the last quarter. Institutional investors and hedge funds own 82.15% of the company’s stock.

Insiders Place Their Bets

In other news, CEO Ryan Mcinerney sold 8,620 shares of the company’s stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $276.37, for a total value of $2,382,309.40. Following the completion of the transaction, the chief executive officer now owns 538 shares in the company, valued at approximately $148,687.06. This represents a 94.13 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Paul D. Fabara sold 2,171 shares of the company’s stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $307.97, for a total transaction of $668,602.87. Following the completion of the transaction, the insider now owns 17,894 shares of the company’s stock, valued at approximately $5,510,815.18. The trade was a 10.82 % decrease in their position. The disclosure for this sale can be found here. 0.19% of the stock is currently owned by company insiders.

Visa Price Performance

Shares of V opened at $309.92 on Friday. Visa Inc. has a fifty-two week low of $251.61 and a fifty-two week high of $312.44. The firm’s 50 day moving average price is $289.52 and its 200 day moving average price is $277.34. The company has a market cap of $577.34 billion, a P/E ratio of 31.85, a PEG ratio of 2.08 and a beta of 0.95. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 0.55.

Visa (NYSE:V) last posted its quarterly earnings results on Tuesday, October 29th. The credit-card processor reported $2.71 EPS for the quarter, topping the consensus estimate of $2.58 by $0.13. Visa had a net margin of 54.96% and a return on equity of 53.16%. The company had revenue of $9.62 billion during the quarter, compared to analysts’ expectations of $9.49 billion. During the same quarter in the previous year, the business posted $2.33 EPS. The firm’s revenue was up 11.7% on a year-over-year basis. On average, research analysts forecast that Visa Inc. will post 11.19 earnings per share for the current fiscal year.

Visa Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Tuesday, November 12th will be issued a dividend of $0.59 per share. This represents a $2.36 annualized dividend and a yield of 0.76%. The ex-dividend date is Tuesday, November 12th. This is a boost from Visa’s previous quarterly dividend of $0.52. Visa’s payout ratio is 24.25%.

Wall Street Analysts Forecast Growth

V has been the topic of a number of recent research reports. The Goldman Sachs Group restated a “buy” rating and set a $317.00 price target on shares of Visa in a research report on Thursday, September 12th. Compass Point initiated coverage on shares of Visa in a research report on Wednesday, September 4th. They set a “buy” rating and a $319.00 price target on the stock. Keefe, Bruyette & Woods upgraded shares of Visa from a “moderate buy” rating to a “strong-buy” rating in a research report on Tuesday, September 24th. Jefferies Financial Group boosted their price target on shares of Visa from $320.00 to $330.00 and gave the stock a “buy” rating in a research report on Wednesday, October 30th. Finally, StockNews.com upgraded shares of Visa from a “hold” rating to a “buy” rating in a report on Friday, August 9th. Four analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and two have 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 $321.74.

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.