Horan Capital Advisors LLC. Lowers Stock Position in Visa Inc. (NYSE:V)

Horan Capital Advisors LLC. cut its holdings in Visa Inc. (NYSE:V) by 1.1% during the fourth quarter, Holdings Channel reports. The institutional investor owned 11,107 shares of the credit-card processor’s stock after selling 128 shares during the quarter. Horan Capital Advisors LLC.’s holdings in Visa were worth $2,892,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Bordeaux Wealth Advisors LLC boosted its holdings in Visa by 26.8% in the fourth quarter. Bordeaux Wealth Advisors LLC now owns 4,011 shares of the credit-card processor’s stock worth $1,044,000 after acquiring an additional 847 shares in the last quarter. 9258 Wealth Management LLC boosted its stake in Visa by 20.8% in the 4th quarter. 9258 Wealth Management LLC now owns 8,043 shares of the credit-card processor’s stock worth $2,094,000 after purchasing an additional 1,387 shares in the last quarter. Benjamin F. Edwards & Company Inc. grew its position in Visa by 38.1% during the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 49,731 shares of the credit-card processor’s stock valued at $12,948,000 after purchasing an additional 13,728 shares during the last quarter. Running Oak Capital LLC increased its stake in Visa by 15.5% during the 4th quarter. Running Oak Capital LLC now owns 36,152 shares of the credit-card processor’s stock valued at $9,412,000 after purchasing an additional 4,864 shares in the last quarter. Finally, Aveo Capital Partners LLC raised its holdings in Visa by 9.2% in the fourth quarter. Aveo Capital Partners LLC now owns 2,802 shares of the credit-card processor’s stock worth $730,000 after buying an additional 235 shares during the last quarter. 82.15% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several brokerages recently weighed in on V. Evercore ISI raised their price target on shares of Visa from $325.00 to $335.00 and gave the company an “outperform” rating in a research report on Tuesday, March 26th. Susquehanna upped their price target on Visa from $300.00 to $326.00 and gave the company a “positive” rating in a report on Friday, January 26th. Oppenheimer lifted their price objective on Visa from $297.00 to $299.00 and gave the stock an “outperform” rating in a report on Wednesday, April 24th. Royal Bank of Canada lifted their target price on shares of Visa from $309.00 to $315.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 24th. Finally, Wedbush increased their price target on Visa from $280.00 to $300.00 and gave the company an “outperform” rating in a report on Wednesday, April 24th. Five research analysts have rated the stock with a hold rating and twenty have given a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $303.00.

Insiders Place Their Bets

In related news, Director Lloyd Carney sold 909 shares of Visa stock in a transaction dated Friday, April 26th. The shares were sold at an average price of $275.55, for a total transaction of $250,474.95. Following the completion of the transaction, the director now directly owns 2,591 shares of the company’s stock, valued at approximately $713,950.05. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other Visa news, CAO Peter M. Andreski sold 2,615 shares of the stock in a transaction on Wednesday, February 7th. The stock was sold at an average price of $278.88, for a total value of $729,271.20. Following the sale, the chief accounting officer now owns 4,898 shares in the company, valued at $1,365,954.24. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Lloyd Carney sold 909 shares of Visa stock in a transaction on Friday, April 26th. The stock was sold at an average price of $275.55, for a total value of $250,474.95. Following the sale, the director now owns 2,591 shares of the company’s stock, valued at $713,950.05. The disclosure for this sale can be found here. Insiders have sold 11,724 shares of company stock valued at $3,278,698 over the last ninety days. 0.19% of the stock is owned by insiders.

Visa Trading Up 0.3 %

Shares of Visa stock opened at $268.49 on Friday. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 0.53. The firm has a market cap of $493.08 billion, a price-to-earnings ratio of 30.00, a PEG ratio of 1.84 and a beta of 0.95. Visa Inc. has a twelve month low of $216.14 and a twelve month high of $290.96. The business has a 50-day moving average price of $278.17 and a 200-day moving average price of $265.42.

Visa (NYSE:V) last posted its earnings results on Tuesday, April 23rd. The credit-card processor reported $2.51 EPS for the quarter, beating analysts’ consensus estimates of $2.43 by $0.08. Visa had a return on equity of 51.23% and a net margin of 53.87%. The firm had revenue of $8.78 billion during the quarter, compared to the consensus estimate of $8.62 billion. During the same period in the prior year, the company earned $2.09 EPS. The company’s quarterly revenue was up 9.9% compared to the same quarter last year. Equities research analysts anticipate that Visa Inc. will post 9.94 EPS for the current fiscal year.

Visa Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 3rd. Investors of record on Friday, May 17th will be issued a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a dividend yield of 0.77%. The ex-dividend date is Thursday, May 16th. Visa’s payout ratio is 23.24%.

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.