Shepherd Financial Partners LLC cut its holdings in Visa Inc (NYSE:V) by 34.1% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 22,643 shares of the credit-card processor’s stock after selling 11,712 shares during the period. Visa makes up 1.3% of Shepherd Financial Partners LLC’s portfolio, making the stock its 13th largest position. Shepherd Financial Partners LLC’s holdings in Visa were worth $3,646,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. OLD Second National Bank of Aurora bought a new position in shares of Visa during the fourth quarter valued at about $27,000. Stephenson National Bank & Trust bought a new position in shares of Visa during the fourth quarter valued at about $28,000. AlphaMark Advisors LLC raised its stake in shares of Visa by 57.8% during the first quarter. AlphaMark Advisors LLC now owns 172 shares of the credit-card processor’s stock valued at $28,000 after acquiring an additional 63 shares during the last quarter. Laffer Investments bought a new position in shares of Visa during the fourth quarter valued at about $31,000. Finally, Accurate Investment Solutions Inc. raised its stake in shares of Visa by 117.1% during the first quarter. Accurate Investment Solutions Inc. now owns 241 shares of the credit-card processor’s stock valued at $39,000 after acquiring an additional 130 shares during the last quarter. 82.43% of the stock is owned by institutional investors and hedge funds.

Shares of Visa stock opened at $183.49 on Friday. The company has a market cap of $359.72 billion, a price-to-earnings ratio of 33.06, a price-to-earnings-growth ratio of 2.66 and a beta of 0.92. The company’s 50 day moving average is $169.86 and its 200 day moving average is $183.15. Visa Inc has a twelve month low of $133.93 and a twelve month high of $214.17. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 0.48.

Visa (NYSE:V) last issued its quarterly earnings data on Thursday, April 30th. The credit-card processor reported $1.39 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.35 by $0.04. The company had revenue of $5.85 billion for the quarter, compared to the consensus estimate of $5.75 billion. Visa had a net margin of 52.26% and a return on equity of 43.45%. The firm’s revenue for the quarter was up 6.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.31 earnings per share. Sell-side analysts expect that Visa Inc will post 4.99 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 2nd. Investors of record on Thursday, May 14th will be given a dividend of $0.30 per share. The ex-dividend date of this dividend is Wednesday, May 13th. This represents a $1.20 dividend on an annualized basis and a yield of 0.65%. Visa’s dividend payout ratio (DPR) is 22.06%.

In other Visa news, EVP Lynne Biggar sold 5,500 shares of the stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $211.18, for a total value of $1,161,490.00. Following the transaction, the executive vice president now directly owns 19,370 shares in the company, valued at $4,090,556.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Alfred F. Kelly, Jr. sold 7,000 shares of the stock in a transaction that occurred on Thursday, April 30th. The stock was sold at an average price of $181.78, for a total transaction of $1,272,460.00. Following the completion of the transaction, the chief executive officer now owns 139,090 shares in the company, valued at $25,283,780.20. The disclosure for this sale can be found here. Insiders sold 26,500 shares of company stock worth $4,782,030 over the last quarter. Insiders own 0.19% of the company’s stock.

V has been the subject of several recent analyst reports. KeyCorp lowered their price objective on shares of Visa from $220.00 to $190.00 and set an “overweight” rating for the company in a research note on Monday, March 23rd. Wells Fargo & Co reduced their price target on shares of Visa from $230.00 to $205.00 and set an “overweight” rating on the stock in a research report on Tuesday, March 31st. Stephens reduced their price target on shares of Visa from $228.00 to $192.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 1st. Guggenheim cut shares of Visa from a “buy” rating to a “neutral” rating in a research report on Wednesday, April 22nd. Finally, BMO Capital Markets reduced their price target on shares of Visa from $234.00 to $213.00 and set an “outperform” rating on the stock in a research report on Monday, May 4th. Five analysts have rated the stock with a hold rating and twenty-four have given a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $203.00.

Visa Profile

Visa Inc operates as a payments technology company worldwide. The company facilitates commerce through the transfer of value and information among consumers, merchants, financial institutions, businesses, strategic partners, and government entities. It operates VisaNet, a processing network that enables authorization, clearing, and settlement of payment transactions; and offers fraud protection for account holders and assured payment for merchants.

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Institutional Ownership by Quarter for Visa (NYSE:V)

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