Certuity LLC Sells 1,506 Shares of Visa Inc. (NYSE:V)

Certuity LLC decreased its position in Visa Inc. (NYSE:V) by 12.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 11,039 shares of the credit-card processor’s stock after selling 1,506 shares during the period. Certuity LLC’s holdings in Visa were worth $3,489,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in V. Decker Retirement Planning Inc. bought a new position in Visa during the fourth quarter worth about $26,000. Peterson Financial Group Inc. bought a new position in Visa during the third quarter worth about $26,000. POM Investment Strategies LLC raised its position in shares of Visa by 48.5% during the fourth quarter. POM Investment Strategies LLC now owns 98 shares of the credit-card processor’s stock worth $31,000 after purchasing an additional 32 shares during the period. Modus Advisors LLC acquired a new stake in shares of Visa during the fourth quarter worth about $32,000. Finally, Reston Wealth Management LLC acquired a new stake in shares of Visa during the third quarter worth about $31,000. Institutional investors own 82.15% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on V shares. Seaport Res Ptn raised Visa from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, January 14th. Keefe, Bruyette & Woods lifted their target price on Visa from $360.00 to $400.00 and gave the company an “outperform” rating in a research report on Friday, January 31st. Susquehanna lifted their target price on Visa from $375.00 to $395.00 and gave the company a “positive” rating in a research report on Friday, January 31st. BMO Capital Markets lifted their target price on Visa from $310.00 to $320.00 and gave the company an “outperform” rating in a research report on Wednesday, October 30th. Finally, Macquarie lifted their target price on Visa from $300.00 to $335.00 and gave the company an “outperform” rating in a research report on Wednesday, October 30th. Four analysts have rated the stock with a hold rating, twenty-five have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $354.73.

Visa Stock Performance

Shares of NYSE V opened at $355.52 on Friday. The company has a current ratio of 1.12, a quick ratio of 1.28 and a debt-to-equity ratio of 0.45. Visa Inc. has a 12 month low of $252.70 and a 12 month high of $356.08. The stock has a 50 day moving average of $323.36 and a 200-day moving average of $297.90. The company has a market capitalization of $660.47 billion, a P/E ratio of 35.84, a P/E/G ratio of 2.32 and a beta of 0.97.

Visa (NYSE:V) last issued its earnings results on Thursday, January 30th. The credit-card processor reported $2.75 EPS for the quarter, topping the consensus estimate of $2.66 by $0.09. Visa had a return on equity of 54.79% and a net margin of 54.27%. As a group, equities research analysts predict that Visa Inc. will post 11.27 EPS for the current year.

Visa Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, March 3rd. Investors of record on Tuesday, February 11th will be paid a $0.59 dividend. The ex-dividend date is Tuesday, February 11th. This represents a $2.36 annualized dividend and a yield of 0.66%. Visa’s dividend payout ratio (DPR) is presently 23.79%.

Insider Activity at Visa

In related news, insider Tullier Kelly Mahon sold 33,741 shares of the business’s stock in a transaction on Friday, February 7th. The stock was sold at an average price of $349.77, for a total value of $11,801,589.57. Following the completion of the sale, the insider now directly owns 36,566 shares in the company, valued at $12,789,689.82. The trade was a 47.99 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Paul D. Fabara sold 2,171 shares of the business’s stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $307.97, for a total value of $668,602.87. Following the completion of the sale, the insider now owns 17,894 shares of the company’s stock, valued at $5,510,815.18. This trade represents a 10.82 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 58,056 shares of company stock worth $19,830,050 in the last ninety days. 0.13% of the stock is owned by company insiders.

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.