Visa Inc. (NYSE:V) Shares Sold by Peachtree Investment Partners LLC

Peachtree Investment Partners LLC lessened its stake in shares of Visa Inc. (NYSE:V) by 0.9% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 49,677 shares of the credit-card processor’s stock after selling 442 shares during the quarter. Visa makes up 5.9% of Peachtree Investment Partners LLC’s holdings, making the stock its 5th biggest holding. Peachtree Investment Partners LLC’s holdings in Visa were worth $15,700,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of V. Decker Retirement Planning Inc. acquired a new position in Visa in the fourth quarter valued at approximately $26,000. Bradley & Co. Private Wealth Management LLC acquired a new stake in Visa in the fourth quarter worth $27,000. POM Investment Strategies LLC increased its stake in Visa by 48.5% in the fourth quarter. POM Investment Strategies LLC now owns 98 shares of the credit-card processor’s stock valued at $31,000 after purchasing an additional 32 shares in the last quarter. Modus Advisors LLC acquired a new position in shares of Visa during the fourth quarter valued at about $32,000. Finally, Compass Planning Associates Inc acquired a new position in shares of Visa during the fourth quarter valued at about $32,000. 82.15% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Visa

In related news, CEO Ryan Mcinerney sold 8,620 shares of Visa stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $340.00, for a total transaction of $2,930,800.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CAO Peter M. Andreski sold 2,332 shares of the firm’s stock in a transaction that occurred on Friday, February 7th. The shares were sold at an average price of $349.62, for a total value of $815,313.84. Following the transaction, the chief accounting officer now directly owns 4,488 shares of the company’s stock, valued at approximately $1,569,094.56. This trade represents a 34.19 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 143,205 shares of company stock worth $48,842,490. 0.13% of the stock is currently owned by insiders.

Visa Price Performance

V stock opened at $311.93 on Tuesday. The firm has a 50 day simple moving average of $344.58 and a two-hundred day simple moving average of $317.46. 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 stock has a market cap of $579.50 billion, a PE ratio of 31.44, a P/E/G ratio of 2.33 and a beta of 0.94. Visa Inc. has a one year low of $252.70 and a one year high of $366.54.

Visa (NYSE:V) last released its earnings results on Thursday, January 30th. The credit-card processor reported $2.75 earnings per share 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%. On average, analysts predict that Visa Inc. will post 11.3 EPS for the current fiscal year.

Visa Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Tuesday, February 11th were given a dividend of $0.59 per share. The ex-dividend date of this dividend was Tuesday, February 11th. This represents a $2.36 annualized dividend and a yield of 0.76%. Visa’s payout ratio is 23.79%.

Analyst Upgrades and Downgrades

V has been the subject of several research reports. Citigroup restated a “neutral” rating on shares of Visa in a research note on Thursday, February 13th. Piper Sandler reiterated an “overweight” rating and issued a $383.00 target price (up from $368.00) on shares of Visa in a report on Friday, January 31st. JPMorgan Chase & Co. upped their price objective on shares of Visa from $340.00 to $375.00 and gave the stock an “overweight” rating in a report on Friday, January 31st. Susquehanna reissued a “positive” rating on shares of Visa in a research report on Friday, March 21st. Finally, Oppenheimer reiterated an “outperform” rating on shares of Visa in a research note on Thursday, February 13th. Six investment analysts have rated the stock with a hold rating, twenty-two have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $355.84.

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.