Nepsis Inc. Sells 780 Shares of Visa Inc. (NYSE:V)

Nepsis Inc. decreased its stake in shares of Visa Inc. (NYSE:V) by 1.3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 60,004 shares of the credit-card processor’s stock after selling 780 shares during the quarter. Visa makes up 4.4% of Nepsis Inc.’s portfolio, making the stock its 11th largest position. Nepsis Inc.’s holdings in Visa were worth $15,622,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also added to or reduced their stakes in the stock. Hibernia Wealth Partners LLC purchased a new position in Visa during the 3rd quarter valued at about $25,000. Altshuler Shaham Ltd purchased a new position in Visa during the third quarter valued at approximately $25,000. West Tower Group LLC bought a new position in Visa in the second quarter worth approximately $30,000. Financial Freedom LLC bought a new stake in Visa during the 4th quarter valued at $32,000. Finally, Nalls Sherbakoff Group LLC raised its position in shares of Visa by 545.5% in the 3rd quarter. Nalls Sherbakoff Group LLC now owns 142 shares of the credit-card processor’s stock worth $33,000 after acquiring an additional 120 shares in the last quarter. 82.15% of the stock is currently owned by institutional investors.

Visa Stock Performance

NYSE:V traded up $0.06 during mid-day trading on Thursday, reaching $279.08. The stock had a trading volume of 5,775,512 shares, compared to its average volume of 5,649,625. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.45 and a current ratio of 1.45. The business has a 50 day simple moving average of $279.11 and a 200 day simple moving average of $258.66. Visa Inc. has a twelve month low of $216.14 and a twelve month high of $290.96. The firm has a market capitalization of $512.53 billion, a price-to-earnings ratio of 32.16, a PEG ratio of 1.94 and a beta of 0.96.

Visa (NYSE:V) last posted its quarterly earnings results on Thursday, January 25th. The credit-card processor reported $2.41 earnings per share 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 analysts’ expectations of $8.55 billion. Visa had a net margin of 53.92% and a return on equity of 50.02%. The business’s revenue for the quarter was up 9.3% on a year-over-year basis. During the same period in the prior year, the company posted $2.18 EPS. On average, analysts expect that Visa Inc. will post 9.89 earnings per share for the current fiscal year.

Visa Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 1st. Shareholders of record on Friday, February 9th were given a dividend of $0.52 per share. This represents a $2.08 annualized dividend and a yield of 0.75%. The ex-dividend date was Thursday, February 8th. Visa’s payout ratio is 23.94%.

Wall Street Analyst Weigh In

Several analysts have recently commented on V shares. Raymond James increased their price objective on Visa from $287.00 to $311.00 and gave the company an “outperform” rating in a report on Friday, January 26th. Jefferies Financial Group raised their target price on Visa from $280.00 to $295.00 and gave the stock a “buy” rating in a research note on Tuesday, December 12th. Monness Crespi & Hardt initiated coverage on Visa in a report on Wednesday, December 20th. They set a “neutral” rating for the company. Citigroup raised their price target on shares of Visa from $296.00 to $306.00 and gave the stock a “buy” rating in a research report on Thursday, January 18th. Finally, BMO Capital Markets began coverage on shares of Visa in a research note on Tuesday, December 5th. They issued an “outperform” rating and a $280.00 price objective on the stock. Five research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $295.82.

Insider Transactions at Visa

In other Visa news, CAO Peter M. Andreski sold 2,615 shares of the firm’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 sale, the chief accounting officer now directly owns 4,898 shares of the company’s stock, valued at approximately $1,365,954.24. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other Visa news, CAO Peter M. Andreski sold 2,615 shares of the firm’s stock in a transaction dated 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 directly owns 4,898 shares of the company’s stock, valued at approximately $1,365,954.24. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Rajat Taneja sold 36,546 shares of the company’s stock in a transaction that occurred on Friday, January 19th. The stock was sold at an average price of $270.20, for a total transaction of $9,874,729.20. Following the transaction, the insider now directly owns 232,112 shares of the company’s stock, valued at approximately $62,716,662.40. The disclosure for this sale can be found here. Insiders sold a total of 47,311 shares of company stock valued at $12,832,129 over the last three months. 0.19% of the stock is currently owned by 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.