Financial Management Network Inc. Reduces Position in Visa Inc. (NYSE:V)

Financial Management Network Inc. trimmed its stake in Visa Inc. (NYSE:V) by 4.3% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 19,269 shares of the credit-card processor’s stock after selling 858 shares during the period. Visa accounts for approximately 1.3% of Financial Management Network Inc.’s holdings, making the stock its 22nd largest position. Financial Management Network Inc.’s holdings in Visa were worth $6,068,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of V. Timber Creek Capital Management LLC grew its holdings in Visa by 0.4% during the fourth quarter. Timber Creek Capital Management LLC now owns 46,329 shares of the credit-card processor’s stock valued at $14,642,000 after purchasing an additional 179 shares during the period. Atlas Legacy Advisors LLC purchased a new position in shares of Visa during the 4th quarter valued at about $321,000. Bank of Jackson Hole Trust bought a new position in shares of Visa during the 4th quarter valued at approximately $2,190,000. Lorne Steinberg Wealth Management Inc. increased its holdings in Visa by 0.5% in the 4th quarter. Lorne Steinberg Wealth Management Inc. now owns 28,201 shares of the credit-card processor’s stock worth $8,913,000 after acquiring an additional 150 shares in the last quarter. Finally, Davidson Investment Advisors raised its stake in Visa by 1.7% during the 4th quarter. Davidson Investment Advisors now owns 86,830 shares of the credit-card processor’s stock worth $27,442,000 after acquiring an additional 1,459 shares during the period. 82.15% of the stock is owned by institutional investors.

Visa Price Performance

NYSE:V opened at $348.27 on Friday. The firm has a market capitalization of $647.01 billion, a price-to-earnings ratio of 35.11, a PEG ratio of 2.36 and a beta of 0.97. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.12 and a quick ratio of 1.12. The business has a 50 day simple moving average of $329.14 and a 200-day simple moving average of $302.03. Visa Inc. has a 1 year low of $252.70 and a 1 year high of $357.15.

Visa (NYSE:V) last issued its quarterly earnings results on Thursday, January 30th. The credit-card processor reported $2.75 earnings per share (EPS) for the quarter, topping 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%. Equities analysts forecast that Visa Inc. will post 11.3 EPS for the current year.

Visa Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 3rd. Shareholders of record on Tuesday, February 11th will be paid a $0.59 dividend. This represents a $2.36 annualized dividend and a yield of 0.68%. The ex-dividend date is Tuesday, February 11th. Visa’s payout ratio is currently 23.79%.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on V. Barclays upped their price target on shares of Visa from $361.00 to $396.00 and gave the stock an “overweight” rating in a research report on Monday, February 3rd. The Goldman Sachs Group upped their target price on shares of Visa from $346.00 to $384.00 and gave the stock a “buy” rating in a report on Friday, January 31st. BMO Capital Markets raised their price target on Visa from $310.00 to $320.00 and gave the company an “outperform” rating in a report on Wednesday, October 30th. William Blair reaffirmed an “outperform” rating on shares of Visa in a research note on Friday, January 31st. Finally, Oppenheimer increased their target price on Visa from $375.00 to $390.00 and gave the stock an “outperform” rating in a research report on Friday, January 31st. Four research analysts have rated the stock with a hold rating, twenty-five have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $355.31.

Insider Activity

In other news, insider Tullier Kelly Mahon sold 33,741 shares of the firm’s stock in a transaction that occurred on Friday, February 7th. The shares were sold at an average price of $349.77, for a total transaction of $11,801,589.57. Following the transaction, the insider now directly owns 36,566 shares of the company’s stock, valued at approximately $12,789,689.82. This trade represents a 47.99 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CAO Peter M. Andreski sold 2,332 shares of the business’s stock in a transaction that occurred on Friday, February 7th. The shares were sold at an average price of $349.62, for a total value of $815,313.84. Following the completion of the sale, the chief accounting officer now owns 4,488 shares of the company’s stock, valued at $1,569,094.56. The trade was a 34.19 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 55,885 shares of company stock valued at $19,161,447. 0.13% of the stock is currently owned by 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.