Orange Investment Advisors Inc. Sells 2,669 Shares of Visa Inc. $V

Orange Investment Advisors Inc. lowered its position in shares of Visa Inc. (NYSE:VFree Report) by 7.5% in the fourth quarter, Holdings Channel reports. The institutional investor owned 32,735 shares of the credit-card processor’s stock after selling 2,669 shares during the period. Visa makes up about 1.3% of Orange Investment Advisors Inc.’s portfolio, making the stock its 19th largest position. Orange Investment Advisors Inc.’s holdings in Visa were worth $11,481,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Clayton Financial Group LLC boosted its holdings in Visa by 446.2% in the 4th quarter. Clayton Financial Group LLC now owns 71 shares of the credit-card processor’s stock valued at $25,000 after purchasing an additional 58 shares during the period. PayPay Securities Corp increased its holdings in shares of Visa by 102.7% during the fourth quarter. PayPay Securities Corp now owns 75 shares of the credit-card processor’s stock worth $26,000 after purchasing an additional 38 shares during the period. Cresta Advisors Ltd. bought a new position in shares of Visa during the fourth quarter worth approximately $26,000. Parvin Asset Management LLC raised its position in shares of Visa by 200.0% in the third quarter. Parvin Asset Management LLC now owns 75 shares of the credit-card processor’s stock valued at $26,000 after buying an additional 50 shares in the last quarter. Finally, Dorato Capital Management bought a new stake in shares of Visa in the fourth quarter valued at approximately $30,000. 82.15% of the stock is currently owned by institutional investors and hedge funds.

Visa Stock Up 0.2%

NYSE:V opened at $331.28 on Friday. The firm’s 50 day simple moving average is $312.36 and its 200 day simple moving average is $325.40. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.09 and a quick ratio of 1.09. Visa Inc. has a one year low of $293.89 and a one year high of $375.51. The company has a market cap of $594.23 billion, a PE ratio of 28.86, a P/E/G ratio of 1.77 and a beta of 0.78.

Visa (NYSE:VGet Free Report) last announced its quarterly earnings results on Tuesday, April 28th. The credit-card processor reported $3.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.10 by $0.21. The firm had revenue of $11.23 billion during the quarter, compared to analysts’ expectations of $10.75 billion. Visa had a net margin of 51.68% and a return on equity of 65.00%. The company’s revenue was up 17.1% on a year-over-year basis. During the same period in the prior year, the company posted $2.76 EPS. On average, research analysts anticipate that Visa Inc. will post 13.09 earnings per share for the current year.

Visa announced that its board has authorized a share repurchase plan on Tuesday, April 28th that permits the company to buyback $20.00 billion in shares. This buyback authorization permits the credit-card processor to reacquire up to 3.6% of its shares through open market purchases. Shares buyback plans are often a sign that the company’s board believes its stock is undervalued.

Visa Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 1st. Investors of record on Tuesday, May 12th will be issued a $0.67 dividend. This represents a $2.68 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date is Tuesday, May 12th. Visa’s dividend payout ratio is presently 23.34%.

Insider Activity at Visa

In related news, CFO Chris Suh sold 10,639 shares of the firm’s stock in a transaction on Tuesday, May 12th. The stock was sold at an average price of $324.81, for a total transaction of $3,455,653.59. Following the completion of the transaction, the chief financial officer directly owned 9,872 shares of the company’s stock, valued at $3,206,524.32. This trade represents a 51.87% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Lloyd Carney sold 650 shares of Visa stock in a transaction dated Wednesday, March 11th. The stock was sold at an average price of $309.62, for a total value of $201,253.00. Following the transaction, the director directly owned 2,679 shares in the company, valued at $829,471.98. The trade was a 19.53% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 42,744 shares of company stock worth $14,356,010 over the last three months. Company insiders own 0.12% of the company’s stock.

Trending Headlines about Visa

Here are the key news stories impacting Visa this week:

Analyst Upgrades and Downgrades

V has been the topic of a number of recent research reports. Daiwa Securities Group upgraded Visa from a “neutral” rating to an “outperform” rating and set a $370.00 price objective on the stock in a research note on Monday, February 2nd. Raymond James Financial reissued an “outperform” rating and set a $389.00 target price on shares of Visa in a report on Wednesday, April 29th. BMO Capital Markets began coverage on Visa in a research note on Tuesday, April 21st. They issued an “outperform” rating and a $365.00 price target for the company. Rothschild & Co Redburn set a $385.00 price objective on shares of Visa in a research report on Wednesday, January 28th. Finally, Morgan Stanley reiterated an “overweight” rating and set a $415.00 price objective on shares of Visa in a research note on Wednesday, April 29th. Six equities research analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of $387.67.

View Our Latest Stock Analysis on Visa

Visa Company Profile

(Free Report)

Visa Inc is a global payments technology company that facilitates electronic funds transfers and digital commerce by connecting consumers, merchants, financial institutions and governments. The firm operates one of the world’s largest payment networks, providing processing, authorization, clearing and settlement services for credit, debit and prepaid card transactions. Visa’s network-based model enables partner banks and other issuers to offer branded payment products while Visa focuses on the infrastructure, standards and technologies that move money securely and efficiently around the world.

Visa’s product and service portfolio includes card-based payment products for consumers and businesses, real-time push-payment capabilities, tokenization and authentication services, fraud and risk-management tools, data analytics and APIs for fintech and merchant integration.

Further Reading

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Institutional Ownership by Quarter for Visa (NYSE:V)

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