Visa Inc. (NYSE:V) Position Reduced by Norden Group LLC

Norden Group LLC reduced its stake in shares of Visa Inc. (NYSE:V) by 10.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,912 shares of the credit-card processor’s stock after selling 1,430 shares during the period. Visa comprises approximately 0.5% of Norden Group LLC’s holdings, making the stock its 16th biggest position. Norden Group LLC’s holdings in Visa were worth $3,362,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also bought and sold shares of V. GoalVest Advisory LLC raised its position in Visa by 3.4% in the 4th quarter. GoalVest Advisory LLC now owns 1,217 shares of the credit-card processor’s stock valued at $317,000 after purchasing an additional 40 shares during the last quarter. Destiny Wealth Partners LLC raised its holdings in shares of Visa by 2.5% in the fourth quarter. Destiny Wealth Partners LLC now owns 1,668 shares of the credit-card processor’s stock valued at $433,000 after buying an additional 40 shares during the last quarter. Sunflower Bank N.A. lifted its position in Visa by 1.3% during the 4th quarter. Sunflower Bank N.A. now owns 3,143 shares of the credit-card processor’s stock worth $818,000 after buying an additional 41 shares in the last quarter. Parker Financial LLC lifted its position in Visa by 4.8% during the 4th quarter. Parker Financial LLC now owns 925 shares of the credit-card processor’s stock worth $241,000 after buying an additional 42 shares in the last quarter. Finally, Patron Partners LLC grew its holdings in Visa by 1.0% during the 4th quarter. Patron Partners LLC now owns 4,295 shares of the credit-card processor’s stock worth $1,118,000 after acquiring an additional 42 shares during the last quarter. 82.15% of the stock is currently owned by institutional investors and hedge funds.

Visa Stock Down 0.4 %

Shares of NYSE:V traded down $1.18 during midday trading on Tuesday, reaching $270.66. 2,275,473 shares of the company were exchanged, compared to its average volume of 5,884,900. The firm has a market cap of $497.07 billion, a PE ratio of 30.22, a P/E/G ratio of 1.89 and a beta of 0.96. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 0.53. Visa Inc. has a fifty-two week low of $216.14 and a fifty-two week high of $290.96. The stock has a fifty day simple moving average of $279.11 and a two-hundred day simple moving average of $264.97.

Visa (NYSE:V) last posted its quarterly earnings data on Tuesday, April 23rd. The credit-card processor reported $2.51 earnings per share for the quarter, topping the consensus estimate of $2.43 by $0.08. Visa had a return on equity of 51.23% and a net margin of 53.87%. The company had revenue of $8.78 billion during the quarter, compared to analysts’ expectations of $8.62 billion. During the same period in the prior year, the firm earned $2.09 earnings per share. Visa’s revenue for the quarter was up 9.9% compared to the same quarter last year. As a group, sell-side analysts forecast that Visa Inc. will post 9.89 earnings per share for the current year.

Visa Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 3rd. Stockholders of record on Friday, May 17th will be given a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a dividend yield of 0.77%. The ex-dividend date of this dividend is Thursday, May 16th. Visa’s dividend payout ratio is presently 23.24%.

Insider Buying and Selling

In other news, CEO Ryan Mcinerney sold 8,150 shares of the stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $273.39, for a total transaction of $2,228,128.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other news, CEO Ryan Mcinerney sold 8,150 shares of the stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $273.39, for a total value of $2,228,128.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Lloyd Carney sold 909 shares of the business’s stock in a transaction on Friday, April 26th. The stock was sold at an average price of $275.55, for a total transaction of $250,474.95. Following the transaction, the director now owns 2,591 shares in the company, valued at $713,950.05. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 19,874 shares of company stock worth $5,506,827. 0.19% of the stock is owned by insiders.

Analyst Ratings Changes

A number of equities analysts have weighed in on the stock. Evercore ISI boosted their target price on shares of Visa from $325.00 to $335.00 and gave the stock an “outperform” rating in a research note on Tuesday, March 26th. Raymond James increased their price objective on Visa from $287.00 to $311.00 and gave the company an “outperform” rating in a research report on Friday, January 26th. Keefe, Bruyette & Woods boosted their target price on Visa from $305.00 to $315.00 and gave the stock an “outperform” rating in a research report on Friday, January 26th. William Blair reiterated an “outperform” rating on shares of Visa in a report on Wednesday, April 24th. Finally, Wedbush lifted their price objective on Visa from $280.00 to $300.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 24th. Five investment analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company. According to MarketBeat.com, Visa currently has a consensus rating of “Moderate Buy” and a consensus target price of $302.58.

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.