Wynn Capital LLC Cuts Holdings in Visa Inc. (NYSE:V)

Wynn Capital LLC trimmed its holdings in shares of Visa Inc. (NYSE:V) by 11.8% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 957 shares of the credit-card processor’s stock after selling 128 shares during the quarter. Wynn Capital LLC’s holdings in Visa were worth $335,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Hirtle Callaghan & Co LLC lifted its position in Visa by 1.3% during the fourth quarter. Hirtle Callaghan & Co LLC now owns 2,291 shares of the credit-card processor’s stock valued at $724,000 after purchasing an additional 29 shares during the period. FWL Investment Management LLC lifted its position in Visa by 0.5% during the fourth quarter. FWL Investment Management LLC now owns 6,344 shares of the credit-card processor’s stock valued at $2,005,000 after purchasing an additional 29 shares during the period. Elevation Wealth Partners LLC lifted its position in Visa by 3.3% during the fourth quarter. Elevation Wealth Partners LLC now owns 939 shares of the credit-card processor’s stock valued at $297,000 after purchasing an additional 30 shares during the period. Warther Private Wealth LLC lifted its position in Visa by 1.0% during the fourth quarter. Warther Private Wealth LLC now owns 2,935 shares of the credit-card processor’s stock valued at $928,000 after purchasing an additional 30 shares during the period. Finally, Valmark Advisers Inc. lifted its position in Visa by 0.4% during the fourth quarter. Valmark Advisers Inc. now owns 7,251 shares of the credit-card processor’s stock valued at $2,292,000 after purchasing an additional 30 shares during the period. 82.15% of the stock is owned by hedge funds and other institutional investors.

Visa Stock Up 1.0%

Shares of NYSE V opened at $370.44 on Friday. Visa Inc. has a 12-month low of $252.70 and a 12-month high of $371.00. The stock has a market cap of $683.52 billion, a PE ratio of 37.34, a P/E/G ratio of 2.33 and a beta of 0.94. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.45. The company has a 50-day moving average of $345.45 and a 200 day moving average of $335.70.

Visa (NYSE:V) last announced its quarterly earnings data on Tuesday, April 29th. The credit-card processor reported $2.76 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.68 by $0.08. Visa had a net margin of 54.27% and a return on equity of 54.79%. The company had revenue of $9.59 billion during the quarter, compared to analysts’ expectations of $9.57 billion. During the same quarter in the prior year, the company earned $2.51 EPS. Visa’s revenue was up 9.3% compared to the same quarter last year. As a group, sell-side analysts predict that Visa Inc. will post 11.3 EPS for the current fiscal year.

Visa Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 2nd. Investors of record on Tuesday, May 13th were paid a dividend of $0.59 per share. The ex-dividend date was Tuesday, May 13th. This represents a $2.36 annualized dividend and a yield of 0.64%. Visa’s dividend payout ratio is presently 23.72%.

Analysts Set New Price Targets

A number of research analysts recently issued reports on V shares. Oppenheimer restated an “outperform” rating on shares of Visa in a research report on Thursday, February 13th. Evercore ISI began coverage on shares of Visa in a report on Wednesday, April 9th. They issued an “in-line” rating and a $330.00 price objective for the company. The Goldman Sachs Group began coverage on shares of Visa in a report on Monday, June 2nd. They issued a “neutral” rating for the company. William Blair reaffirmed an “outperform” rating on shares of Visa in a report on Wednesday, April 30th. Finally, Susquehanna reaffirmed a “positive” rating on shares of Visa in a report on Friday, March 21st. Five research analysts have rated the stock with a hold rating, twenty-three have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Visa currently has an average rating of “Moderate Buy” and a consensus price target of $372.80.

Insider Activity at Visa

In other Visa news, General Counsel Julie B. Rottenberg sold 2,575 shares of the business’s stock in a transaction dated Thursday, May 1st. The shares were sold at an average price of $345.58, for a total value of $889,868.50. Following the transaction, the general counsel now directly owns 11,925 shares in the company, valued at $4,121,041.50. The trade was a 17.76% 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 39,350 shares of the business’s stock in a transaction dated Friday, March 14th. The shares were sold at an average price of $327.20, for a total transaction of $12,875,320.00. Following the completion of the transaction, the insider now owns 26,413 shares in the company, valued at $8,642,333.60. The trade was a 59.84% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 168,162 shares of company stock valued at $58,645,479. Corporate insiders own 0.13% of the company’s stock.

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.