Visa Inc. (NYSE:V) Shares Sold by Perfromance Wealth Partners LLC

Perfromance Wealth Partners LLC lowered its position in shares of Visa Inc. (NYSE:V) by 1.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 55,451 shares of the credit-card processor’s stock after selling 632 shares during the period. Visa accounts for approximately 0.6% of Perfromance Wealth Partners LLC’s portfolio, making the stock its 19th largest position. Perfromance Wealth Partners LLC’s holdings in Visa were worth $17,525,000 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. Peterson Financial Group Inc. purchased a new stake in Visa in the third quarter valued at $26,000. Decker Retirement Planning Inc. purchased a new stake in Visa in the fourth quarter valued at $26,000. Reston Wealth Management LLC purchased a new stake in Visa in the third quarter valued at $31,000. Modus Advisors LLC purchased a new stake in Visa in the fourth quarter valued at $32,000. Finally, West Financial Advisors LLC raised its holdings in shares of Visa by 101.4% in the third quarter. West Financial Advisors LLC now owns 145 shares of the credit-card processor’s stock valued at $40,000 after buying an additional 73 shares during the last quarter. Institutional investors and hedge funds own 82.15% of the company’s stock.

Visa Stock Up 1.4 %

V stock opened at $328.18 on Friday. The company’s 50 day simple moving average is $314.14 and its 200-day simple moving average is $289.71. The firm has a market capitalization of $611.36 billion, a PE ratio of 33.73, a P/E/G ratio of 2.17 and a beta of 0.96. Visa Inc. has a 12 month low of $252.70 and a 12 month high of $328.51. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.28 and a quick ratio of 1.28.

Visa (NYSE:V) last released its quarterly earnings results on Tuesday, October 29th. The credit-card processor reported $2.71 EPS for the quarter, beating the consensus estimate of $2.58 by $0.13. The business had revenue of $9.62 billion for the quarter, compared to analyst estimates of $9.49 billion. Visa had a net margin of 54.96% and a return on equity of 53.16%. The company’s quarterly revenue was up 11.7% on a year-over-year basis. During the same period in the prior year, the business earned $2.33 earnings per share. Equities analysts expect that Visa Inc. will post 11.2 earnings per share for the current fiscal year.

Visa Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, December 2nd. Stockholders of record on Tuesday, November 12th were given a $0.59 dividend. The ex-dividend date of this dividend was Tuesday, November 12th. This is a positive change from Visa’s previous quarterly dividend of $0.52. This represents a $2.36 annualized dividend and a dividend yield of 0.72%. Visa’s dividend payout ratio is currently 24.25%.

Analysts Set New Price Targets

V has been the subject of a number of research reports. Morgan Stanley upped their target price on shares of Visa from $326.00 to $371.00 and gave the company an “overweight” rating in a report on Wednesday, December 18th. Jefferies Financial Group upped their target price on shares of Visa from $320.00 to $330.00 and gave the company a “buy” rating in a report on Wednesday, October 30th. Seaport Res Ptn raised shares of Visa from a “hold” rating to a “strong-buy” rating in a report on Tuesday, January 14th. Oppenheimer upped their target price on shares of Visa from $321.00 to $375.00 and gave the company an “outperform” rating in a report on Thursday, December 19th. Finally, TD Cowen upped their target price on shares of Visa from $318.00 to $325.00 and gave the company a “buy” rating in a report on Wednesday, October 30th. Four equities research analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, Visa currently has an average rating of “Moderate Buy” and an average price target of $332.81.

Insider Buying and Selling

In related news, insider Paul D. Fabara sold 2,171 shares of the firm’s stock in a transaction that occurred 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 sale, the insider now owns 17,894 shares in the company, valued at approximately $5,510,815.18. This trade represents a 10.82 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, 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 transaction of $2,739,263.60. The disclosure for this sale can be found here. 0.13% of the stock is owned by company insiders.

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.