Buckingham Asset Management LLC decreased its holdings in Visa Inc (NYSE:V) by 14.6% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 20,487 shares of the credit-card processor’s stock after selling 3,497 shares during the quarter. Buckingham Asset Management LLC’s holdings in Visa were worth $3,301,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in the stock. OLD Second National Bank of Aurora acquired a new stake in shares of Visa during the 4th quarter valued at approximately $27,000. Stephenson National Bank & Trust acquired a new position in Visa in the 4th quarter worth about $28,000. AlphaMark Advisors LLC increased its holdings in shares of Visa by 57.8% during the 1st 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 acquired a new stake in Visa in the 4th quarter valued at approximately $31,000. Finally, Accurate Investment Solutions Inc. grew its holdings in Visa by 117.1% in the 1st quarter. Accurate Investment Solutions Inc. now owns 241 shares of the credit-card processor’s stock valued at $39,000 after buying an additional 130 shares during the last quarter. 82.43% of the stock is currently owned by hedge funds and other institutional investors.

Visa stock opened at $183.49 on Friday. Visa Inc has a 52-week low of $133.93 and a 52-week high of $214.17. The firm has a market capitalization of $359.72 billion, a price-to-earnings ratio of 33.06, a PEG ratio of 2.66 and a beta of 0.92. The company has a fifty day simple moving average of $169.86 and a 200-day simple moving average of $183.15. 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 announced its earnings results on Thursday, April 30th. The credit-card processor reported $1.39 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.35 by $0.04. The company had revenue of $5.85 billion during the quarter, compared to analyst estimates of $5.75 billion. Visa had a net margin of 52.26% and a return on equity of 43.45%. Visa’s revenue was up 6.6% compared to the same quarter last year. During the same quarter last year, the firm posted $1.31 earnings per share. On average, research analysts anticipate that Visa Inc will post 4.99 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 2nd. Investors of record on Thursday, May 14th will be issued a $0.30 dividend. The ex-dividend date is Wednesday, May 13th. This represents a $1.20 annualized dividend 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 firm’s stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $211.18, for a total value of $1,161,490.00. Following the completion of the sale, the executive vice president now owns 19,370 shares of the company’s stock, valued at $4,090,556.60. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Alfred F. Kelly, Jr. sold 7,000 shares of the firm’s stock in a transaction on Monday, March 30th. The shares were sold at an average price of $161.40, for a total value of $1,129,800.00. Following the completion of the sale, the chief executive officer now directly owns 142,090 shares of the company’s stock, valued at approximately $22,933,326. The disclosure for this sale can be found here. In the last ninety days, insiders sold 26,500 shares of company stock worth $4,782,030. 0.19% of the stock is owned by corporate insiders.

Several research analysts have weighed in on V shares. Jefferies Financial Group lowered Visa from a “buy” rating to a “hold” rating and reduced their target price for the stock from $190.00 to $180.00 in a report on Wednesday, April 15th. BMO Capital Markets cut their price target on Visa from $234.00 to $213.00 and set an “outperform” rating on the stock in a report on Monday, May 4th. Guggenheim lowered Visa from a “buy” rating to a “neutral” rating in a report on Wednesday, April 22nd. Morgan Stanley boosted their price target on Visa from $183.00 to $196.00 and gave the company an “overweight” rating in a report on Friday, May 1st. Finally, Barclays dropped their target price on Visa from $230.00 to $209.00 and set an “overweight” rating on the stock in a report on Thursday, March 26th. Five research analysts have rated the stock with a hold rating and twenty-four have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $203.00.

About Visa

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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