Lindenwold Advisors INC Lowers Stock Holdings in Visa Inc. (NYSE:V)

Lindenwold Advisors INC trimmed its position in Visa Inc. (NYSE:V) by 2.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,226 shares of the credit-card processor’s stock after selling 137 shares during the quarter. Lindenwold Advisors INC’s holdings in Visa were worth $1,652,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of V. Riverstone Advisors LLC purchased a new stake in Visa in the fourth quarter valued at approximately $217,000. Journey Strategic Wealth LLC grew its holdings in shares of Visa by 16.4% in the fourth quarter. Journey Strategic Wealth LLC now owns 9,678 shares of the credit-card processor’s stock worth $3,058,000 after purchasing an additional 1,361 shares during the last quarter. King Wealth Management Group lifted its stake in Visa by 9.0% in the fourth quarter. King Wealth Management Group now owns 74,874 shares of the credit-card processor’s stock worth $23,663,000 after acquiring an additional 6,172 shares during the period. Generali Investments CEE investicni spolecnost a.s. purchased a new stake in Visa in the fourth quarter worth $10,163,000. Finally, Copley Financial Group Inc. purchased a new position in Visa during the third quarter valued at $616,000. 82.15% of the stock is owned by hedge funds and other institutional investors.

Visa Price Performance

Shares of NYSE V opened at $334.30 on Wednesday. The stock’s 50-day moving average is $338.84 and its two-hundred day moving average is $312.02. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.12 and a quick ratio of 1.12. Visa Inc. has a 1-year low of $252.70 and a 1-year high of $366.54. The company has a market cap of $621.06 billion, a price-to-earnings ratio of 33.70, a price-to-earnings-growth ratio of 2.33 and a beta of 0.95.

Visa (NYSE:V) last released its quarterly earnings data on Thursday, January 30th. The credit-card processor reported $2.75 EPS for the quarter, beating analysts’ consensus estimates of $2.66 by $0.09. Visa had a return on equity of 54.79% and a net margin of 54.27%. Analysts forecast that Visa Inc. will post 11.3 EPS for the current fiscal year.

Visa Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Tuesday, February 11th were issued a $0.59 dividend. The ex-dividend date of this dividend was Tuesday, February 11th. This represents a $2.36 annualized dividend and a dividend yield of 0.71%. Visa’s dividend payout ratio is currently 23.79%.

Analysts Set New Price Targets

Several equities analysts have commented on the company. William Blair reissued an “outperform” rating on shares of Visa in a research report on Friday, January 31st. Raymond James reiterated an “outperform” rating and issued a $393.00 price objective (up from $374.00) on shares of Visa in a report on Friday, January 31st. Bank of America lifted their price objective on Visa from $331.00 to $363.00 and gave the stock a “neutral” rating in a report on Friday, January 31st. Wells Fargo & Company boosted their price target on Visa from $360.00 to $395.00 and gave the company an “overweight” rating in a research note on Friday, January 31st. Finally, Barclays boosted their price target on Visa from $361.00 to $396.00 and gave the company an “overweight” rating in a research note on Monday, February 3rd. Seven investment analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $353.96.

Insider Activity

In related news, CEO Ryan Mcinerney sold 8,620 shares of the firm’s stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $317.78, for a total value of $2,739,263.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Tullier Kelly Mahon sold 33,741 shares of the firm’s stock in a transaction on Friday, February 7th. The stock was sold at an average price of $349.77, for a total value of $11,801,589.57. Following the transaction, the insider now directly owns 36,566 shares of the company’s stock, valued at $12,789,689.82. The trade was a 47.99 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 103,855 shares of company stock valued at $35,165,827 in the last three months. 0.13% 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.