Sand Hill Global Advisors LLC Sells 526 Shares of Visa Inc. (NYSE:V)

Sand Hill Global Advisors LLC trimmed its position in shares of Visa Inc. (NYSE:V) by 0.8% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 62,319 shares of the credit-card processor’s stock after selling 526 shares during the quarter. Visa accounts for approximately 0.8% of Sand Hill Global Advisors LLC’s holdings, making the stock its 21st largest position. Sand Hill Global Advisors LLC’s holdings in Visa were worth $16,225,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of V. JPL Wealth Management LLC purchased a new stake in Visa in the fourth quarter worth about $333,000. Central Valley Advisors LLC purchased a new stake in Visa in the 4th quarter worth approximately $2,673,000. Giverny Capital Inc. increased its holdings in Visa by 1.5% in the 4th quarter. Giverny Capital Inc. now owns 377,092 shares of the credit-card processor’s stock worth $98,176,000 after acquiring an additional 5,722 shares in the last quarter. EverSource Wealth Advisors LLC raised its stake in Visa by 6.4% during the 4th quarter. EverSource Wealth Advisors LLC now owns 12,279 shares of the credit-card processor’s stock worth $3,197,000 after acquiring an additional 736 shares during the period. Finally, Seven Mile Advisory lifted its holdings in Visa by 10.3% during the fourth quarter. Seven Mile Advisory now owns 3,938 shares of the credit-card processor’s stock valued at $1,025,000 after purchasing an additional 367 shares in the last quarter. 82.15% of the stock is currently owned by hedge funds and other institutional investors.

Visa Stock Performance

NYSE:V traded down $0.34 during mid-day trading on Wednesday, hitting $275.61. The company’s stock had a trading volume of 4,201,501 shares, compared to its average volume of 6,344,726. The business’s fifty day moving average is $277.31 and its two-hundred day moving average is $269.42. The stock has a market cap of $504.07 billion, a price-to-earnings ratio of 30.81, a PEG ratio of 1.92 and a beta of 0.95. Visa Inc. has a 1 year low of $216.14 and a 1 year high of $290.96. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.40 and a quick ratio of 1.40.

Visa (NYSE:V) last announced its quarterly earnings results on Tuesday, April 23rd. The credit-card processor reported $2.51 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.43 by $0.08. The firm had revenue of $8.78 billion for the quarter, compared to the consensus estimate of $8.62 billion. Visa had a net margin of 53.87% and a return on equity of 51.23%. The firm’s quarterly revenue was up 9.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.09 earnings per share. Analysts anticipate that Visa Inc. will post 9.86 EPS for the current fiscal year.

Visa Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 3rd. Shareholders of record on Friday, May 17th will be given a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a yield of 0.75%. The ex-dividend date is Thursday, May 16th. Visa’s dividend payout ratio is presently 23.24%.

Insider Buying and Selling at Visa

In other Visa news, insider Paul D. Fabara sold 25,293 shares of the business’s stock in a transaction that occurred on Wednesday, May 15th. The stock was sold at an average price of $277.15, for a total transaction of $7,009,954.95. Following the completion of the sale, the insider now directly owns 17,894 shares in the company, valued at approximately $4,959,322.10. The transaction was disclosed in a document filed with the SEC, which is available through this link. In related news, CEO Ryan Mcinerney sold 8,200 shares of the company’s stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $280.36, for a total transaction of $2,298,952.00. Following the completion of the sale, the chief executive officer now owns 538 shares of the company’s stock, valued at approximately $150,833.68. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Paul D. Fabara sold 25,293 shares of the firm’s stock in a transaction that occurred on Wednesday, May 15th. The stock was sold at an average price of $277.15, for a total transaction of $7,009,954.95. Following the completion of the transaction, the insider now directly owns 17,894 shares in the company, valued at $4,959,322.10. The disclosure for this sale can be found here. Insiders have sold a total of 34,402 shares of company stock valued at $9,559,382 over the last ninety days. Corporate insiders own 0.19% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the company. Wedbush lifted their target price on Visa from $280.00 to $300.00 and gave the company an “outperform” rating in a research note on Wednesday, April 24th. Keefe, Bruyette & Woods boosted their target price on shares of Visa from $305.00 to $315.00 and gave the stock an “outperform” rating in a report on Friday, January 26th. Piper Sandler initiated coverage on shares of Visa in a research note on Monday, May 13th. They set an “overweight” rating and a $322.00 target price for the company. Evercore ISI lifted their price target on shares of Visa from $325.00 to $335.00 and gave the company an “outperform” rating in a report on Tuesday, March 26th. Finally, Oppenheimer increased their price objective on shares of Visa from $297.00 to $299.00 and gave the company an “outperform” rating in a report on Wednesday, April 24th. Five investment analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the stock. According to data from MarketBeat.com, Visa has an average rating of “Moderate Buy” and an average price target of $303.76.

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.