Visa Inc. (NYSE:V) is AXS Investments LLC’s 4th Largest Position

AXS Investments LLC reduced its position in Visa Inc. (NYSE:V) by 0.5% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 26,541 shares of the credit-card processor’s stock after selling 144 shares during the period. Visa makes up about 1.7% of AXS Investments LLC’s investment portfolio, making the stock its 4th biggest position. AXS Investments LLC’s holdings in Visa were worth $6,910,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of V. Nadler Financial Group Inc. increased its stake in shares of Visa by 2.4% in the fourth quarter. Nadler Financial Group Inc. now owns 1,900 shares of the credit-card processor’s stock worth $495,000 after purchasing an additional 44 shares in the last quarter. Towerpoint Wealth LLC purchased a new position in shares of Visa in the fourth quarter valued at about $216,000. Andrew Hill Investment Advisors Inc. bought a new position in shares of Visa in the fourth quarter worth about $3,427,000. Richelieu Gestion SA purchased a new stake in shares of Visa during the fourth quarter worth about $307,000. Finally, Cooper Financial Group raised its stake in Visa by 6.4% during the 4th quarter. Cooper Financial Group now owns 7,926 shares of the credit-card processor’s stock valued at $2,064,000 after purchasing an additional 476 shares during the period. Institutional investors own 82.15% of the company’s stock.

Visa Stock Performance

V traded down $1.35 on Thursday, reaching $274.23. 6,099,758 shares of the stock were exchanged, compared to its average volume of 6,322,470. The company’s 50-day moving average price is $277.12 and its 200 day moving average price is $269.46. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.40 and a quick ratio of 1.40. The firm has a market capitalization of $501.55 billion, a PE ratio of 30.57, a PEG ratio of 1.89 and a beta of 0.95. Visa Inc. has a fifty-two week low of $216.14 and a fifty-two week high of $290.96.

Visa (NYSE:V) last announced its quarterly earnings data on Tuesday, April 23rd. The credit-card processor reported $2.51 EPS for the quarter, beating the consensus estimate of $2.43 by $0.08. Visa had a net margin of 53.87% and a return on equity of 51.23%. The business had revenue of $8.78 billion during the quarter, compared to analysts’ expectations of $8.62 billion. During the same period in the previous year, the business posted $2.09 EPS. The business’s quarterly revenue was up 9.9% compared to the same quarter last year. As a group, sell-side analysts forecast that Visa Inc. will post 9.94 EPS for the current fiscal year.

Visa Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 3rd. Stockholders of record on Friday, May 17th will be paid a dividend of $0.52 per share. The ex-dividend date is Thursday, May 16th. This represents a $2.08 dividend on an annualized basis and a dividend yield of 0.76%. Visa’s payout ratio is 23.24%.

Analysts Set New Price Targets

V has been the subject of a number of research analyst reports. Robert W. Baird raised their price objective on Visa from $314.00 to $320.00 and gave the company an “outperform” rating in a research report on Wednesday, April 17th. Evercore ISI increased their target price on Visa from $325.00 to $335.00 and gave the company an “outperform” rating in a research report on Tuesday, March 26th. Mizuho raised their target price on shares of Visa from $265.00 to $275.00 and gave the company a “neutral” rating in a report on Thursday, May 2nd. William Blair reaffirmed an “outperform” rating on shares of Visa in a research note on Wednesday, April 24th. Finally, Keefe, Bruyette & Woods lifted their price objective on shares of Visa from $305.00 to $315.00 and gave the stock an “outperform” rating in a research note on Friday, January 26th. Five investment analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the company’s stock. Based on data from MarketBeat, Visa presently has an average rating of “Moderate Buy” and a consensus price target of $303.76.

Insider Activity

In other news, CEO Ryan Mcinerney sold 8,200 shares of the 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 sale, the chief executive officer now directly owns 538 shares of the company’s stock, valued at approximately $150,833.68. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In other Visa news, CEO Ryan Mcinerney sold 8,200 shares of the company’s stock in a transaction on 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 transaction, the chief executive officer now directly owns 538 shares in the company, valued at $150,833.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, 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 sale, the director now owns 2,591 shares in the company, valued at approximately $713,950.05. The disclosure for this sale can be found here. Insiders sold a total of 34,402 shares of company stock valued at $9,559,382 in the last three months. 0.19% of the stock is currently owned by corporate insiders.

Visa Company 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.