Lion Street Advisors LLC Sells 325 Shares of Visa Inc. (NYSE:V)

Lion Street Advisors LLC reduced its holdings in shares of Visa Inc. (NYSE:V) by 8.5% in the first quarter, Holdings Channel reports. The institutional investor owned 3,515 shares of the credit-card processor’s stock after selling 325 shares during the period. Lion Street Advisors LLC’s holdings in Visa were worth $1,232,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Bradley & Co. Private Wealth Management LLC purchased a new position in Visa during the 4th quarter worth $27,000. Compass Planning Associates Inc purchased a new stake in shares of Visa in the fourth quarter valued at about $32,000. NewSquare Capital LLC bought a new position in shares of Visa during the fourth quarter valued at about $35,000. FPC Investment Advisory Inc. boosted its holdings in Visa by 377.3% during the fourth quarter. FPC Investment Advisory Inc. now owns 105 shares of the credit-card processor’s stock worth $36,000 after purchasing an additional 83 shares during the last quarter. Finally, Sellwood Investment Partners LLC purchased a new position in Visa during the fourth quarter worth about $41,000. 82.15% of the stock is owned by institutional investors.

Insider Transactions at Visa

In other Visa news, insider Paul D. Fabara sold 11,636 shares of the stock in a transaction that occurred on Wednesday, June 11th. The shares were sold at an average price of $375.00, for a total value of $4,363,500.00. Following the sale, the insider now directly owns 26,413 shares in the company, valued at $9,904,875. This represents a 30.58% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Ryan Mcinerney sold 8,620 shares of the business’s stock in a transaction on Monday, June 2nd. The shares were sold at an average price of $362.77, for a total transaction of $3,127,077.40. Following the transaction, the chief executive officer now owns 537 shares of the company’s stock, valued at $194,807.49. This trade represents a 94.14% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 101,098 shares of company stock valued at $36,738,526 over the last three months. Company insiders own 0.13% of the company’s stock.

Visa Price Performance

V opened at $357.89 on Wednesday. The firm has a 50-day moving average price of $351.22 and a 200-day moving average price of $338.19. Visa Inc. has a twelve month low of $252.70 and a twelve month high of $375.51. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 0.45. The company has a market capitalization of $660.37 billion, a price-to-earnings ratio of 35.97, a PEG ratio of 2.39 and a beta of 0.94.

Visa (NYSE:V) last released its quarterly earnings data on Tuesday, April 29th. The credit-card processor reported $2.76 EPS for the quarter, topping the consensus estimate of $2.68 by $0.08. Visa had a net margin of 52.86% and a return on equity of 56.28%. The company had revenue of $9.59 billion during the quarter, compared to the consensus estimate of $9.57 billion. During the same period last year, the firm earned $2.51 EPS. Visa’s revenue for the quarter was up 9.3% on a year-over-year basis. Equities analysts expect that Visa Inc. will post 11.3 EPS for the current year.

Visa Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 2nd. Stockholders of record on Tuesday, May 13th were issued a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a dividend yield of 0.66%. The ex-dividend date of this dividend was Tuesday, May 13th. Visa’s payout ratio is currently 23.72%.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the stock. BMO Capital Markets increased their price objective on shares of Visa from $370.00 to $380.00 and gave the company an “outperform” rating in a research note on Wednesday, April 30th. William Blair reaffirmed an “outperform” rating on shares of Visa in a report on Wednesday, April 30th. Truist Financial began coverage on Visa in a research report on Monday, June 2nd. They set a “buy” rating and a $400.00 price target for the company. Citigroup initiated coverage on Visa in a report on Monday, June 2nd. They set a “buy” rating on the stock. Finally, Evercore ISI initiated coverage on Visa in a research report on Wednesday, April 9th. They issued an “in-line” rating and a $330.00 price objective on the stock. Five investment analysts have rated the stock with a hold rating, twenty-three have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $372.80.

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.