Park Edge Advisors LLC Reduces Stake in Visa Inc. (NYSE:V)

Park Edge Advisors LLC lessened its position in shares of Visa Inc. (NYSE:V) by 29.9% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 2,665 shares of the credit-card processor’s stock after selling 1,135 shares during the quarter. Park Edge Advisors LLC’s holdings in Visa were worth $744,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Nadler Financial Group Inc. lifted its holdings in Visa by 2.4% in the fourth quarter. Nadler Financial Group Inc. now owns 1,900 shares of the credit-card processor’s stock valued at $495,000 after acquiring an additional 44 shares during the period. Towerpoint Wealth LLC bought a new position in shares of Visa in the fourth quarter worth about $216,000. Andrew Hill Investment Advisors Inc. bought a new position in shares of Visa in the fourth quarter worth about $3,427,000. Richelieu Gestion SA bought a new position in shares of Visa in the fourth quarter worth about $307,000. Finally, Cooper Financial Group raised its stake in shares of Visa by 6.4% in the fourth quarter. Cooper Financial Group now owns 7,926 shares of the credit-card processor’s stock worth $2,064,000 after buying an additional 476 shares during the period. Institutional investors own 82.15% of the company’s stock.

Insider Buying and Selling at Visa

In other news, Director Lloyd Carney sold 909 shares of Visa stock in a transaction on Friday, April 26th. The stock was sold at an average price of $275.55, for a total value of $250,474.95. Following the transaction, the director now directly owns 2,591 shares in the company, valued at approximately $713,950.05. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other news, Director Lloyd Carney sold 909 shares of Visa stock in a transaction on Friday, April 26th. The stock was sold at an average price of $275.55, for a total value of $250,474.95. Following the transaction, the director now directly owns 2,591 shares in the company, valued at approximately $713,950.05. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Paul D. Fabara sold 25,293 shares of Visa stock in a transaction on Wednesday, May 15th. The shares were sold at an average price of $277.15, for a total value of $7,009,954.95. Following the completion of the transaction, the insider now owns 17,894 shares in the company, valued at $4,959,322.10. The disclosure for this sale can be found here. 0.19% of the stock is currently owned by corporate insiders.

Visa Trading Up 0.3 %

Shares of V stock traded up $0.76 on Thursday, reaching $268.99. 5,017,760 shares of the company’s stock were exchanged, compared to its average volume of 9,395,944. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 0.53. The company’s fifty day simple moving average is $273.45 and its 200 day simple moving average is $273.65. The stock has a market capitalization of $491.97 billion, a PE ratio of 30.05, a P/E/G ratio of 1.84 and a beta of 0.95. Visa Inc. has a 52 week low of $227.68 and a 52 week high of $290.96.

Visa (NYSE:V) last issued its earnings results on Tuesday, April 23rd. The credit-card processor reported $2.51 earnings per share for the quarter, beating analysts’ consensus estimates of $2.43 by $0.08. The business had revenue of $8.78 billion during the quarter, compared to analyst estimates of $8.62 billion. Visa had a return on equity of 51.23% and a net margin of 53.87%. Visa’s revenue was up 9.9% on a year-over-year basis. During the same period in the previous year, the company posted $2.09 EPS. As a group, analysts forecast that Visa Inc. will post 9.94 EPS for the current year.

Visa Announces Dividend

The company 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. This represents a $2.08 dividend on an annualized basis and a yield of 0.77%. The ex-dividend date of this dividend was Thursday, May 16th. Visa’s dividend payout ratio (DPR) is presently 23.24%.

Analysts Set New Price Targets

Several analysts recently issued reports on V shares. Evercore ISI cut their target price on Visa from $335.00 to $330.00 and set an “outperform” rating for the company in a research report on Tuesday, June 25th. Redburn Atlantic reiterated a “neutral” rating and set a $307.00 target price on shares of Visa in a research report on Wednesday, March 27th. UBS Group increased their target price on Visa from $315.00 to $325.00 and gave the stock a “buy” rating in a research report on Wednesday, April 24th. Wells Fargo & Company increased their target price on Visa from $300.00 to $325.00 and gave the stock an “overweight” rating in a research report on Wednesday, March 6th. Finally, Wedbush raised their price target on Visa from $280.00 to $300.00 and gave the company an “outperform” rating in a report on Wednesday, April 24th. Five equities research analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the stock. According to data from MarketBeat, Visa presently has an average rating of “Moderate Buy” and a consensus price target of $303.56.

Visa 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.