Visa Inc. (NYSE:V) Shares Sold by Yousif Capital Management LLC

Yousif Capital Management LLC reduced its holdings in shares of Visa Inc. (NYSE:V) by 0.1% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 219,319 shares of the credit-card processor’s stock after selling 148 shares during the period. Visa comprises 0.8% of Yousif Capital Management LLC’s investment portfolio, making the stock its 13th largest holding. Yousif Capital Management LLC’s holdings in Visa were worth $69,314,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the business. Decker Retirement Planning Inc. acquired a new stake in Visa in the 4th quarter valued at $26,000. Peterson Financial Group Inc. purchased a new stake in shares of Visa in the third quarter worth about $26,000. Modus Advisors LLC acquired a new stake in shares of Visa in the fourth quarter valued at about $32,000. Reston Wealth Management LLC purchased a new stake in shares of Visa during the 3rd quarter valued at about $31,000. Finally, Sugar Maple Asset Management LLC acquired a new position in Visa during the 4th quarter worth approximately $44,000. Institutional investors and hedge funds own 82.15% of the company’s stock.

Insider Activity at Visa

In other Visa 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 value 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 document filed with the Securities & Exchange Commission, 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 stock was sold at an average price of $349.62, for a total value of $815,313.84. Following the transaction, the chief accounting officer now owns 4,488 shares of the company’s stock, valued at approximately $1,569,094.56. This represents a 34.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 58,056 shares of company stock worth $19,830,050 in the last ninety days. 0.13% of the stock is owned by insiders.

Visa Stock Up 0.2 %

NYSE:V opened at $348.26 on Friday. The company has a current ratio of 1.12, a quick ratio of 1.28 and a debt-to-equity ratio of 0.45. The stock has a 50 day moving average of $320.41 and a 200-day moving average of $295.12. The firm has a market capitalization of $648.77 billion, a PE ratio of 35.11, a price-to-earnings-growth ratio of 2.30 and a beta of 0.97. Visa Inc. has a 52 week low of $252.70 and a 52 week high of $351.25.

Visa (NYSE:V) last issued its quarterly earnings data on Thursday, January 30th. The credit-card processor reported $2.75 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%. Analysts predict that Visa Inc. will post 11.2 EPS for the current year.

Visa Announces Dividend

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

Wall Street Analyst Weigh In

V has been the subject of several recent research reports. William Blair reaffirmed an “outperform” rating on shares of Visa in a research report on Friday, January 31st. Susquehanna raised their price target on shares of Visa from $375.00 to $395.00 and gave the company a “positive” rating in a report on Friday, January 31st. JPMorgan Chase & Co. boosted 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. Robert W. Baird upped their price objective on shares of Visa from $330.00 to $340.00 and gave the company an “outperform” rating in a research report on Wednesday, October 30th. Finally, The Goldman Sachs Group lifted their target price on Visa from $346.00 to $384.00 and gave the stock a “buy” rating in a research report on Friday, January 31st. Four research analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $354.73.

About Visa

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.