Visa Inc. $V Shares Sold by Nissay Asset Management Corp Japan ADV

Nissay Asset Management Corp Japan ADV reduced its stake in Visa Inc. (NYSE:V) by 2.3% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 324,878 shares of the credit-card processor’s stock after selling 7,703 shares during the quarter. Visa accounts for 0.7% of Nissay Asset Management Corp Japan ADV’s investment portfolio, making the stock its 24th largest position. Nissay Asset Management Corp Japan ADV’s holdings in Visa were worth $113,857,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently added to or reduced their stakes in the business. FWL Investment Management LLC lifted its holdings in Visa by 0.5% during the 4th quarter. FWL Investment Management LLC now owns 6,344 shares of the credit-card processor’s stock worth $2,005,000 after buying an additional 29 shares in the last quarter. Yeomans Consulting Group Inc. lifted its holdings in Visa by 2.9% during the 1st quarter. Yeomans Consulting Group Inc. now owns 1,027 shares of the credit-card processor’s stock worth $360,000 after buying an additional 29 shares in the last quarter. Semus Wealth Partners LLC lifted its holdings in Visa by 0.8% during the 1st quarter. Semus Wealth Partners LLC now owns 3,449 shares of the credit-card processor’s stock worth $1,209,000 after buying an additional 29 shares in the last quarter. Headinvest LLC lifted its holdings in Visa by 0.8% during the 4th quarter. Headinvest LLC now owns 4,003 shares of the credit-card processor’s stock worth $1,265,000 after buying an additional 30 shares in the last quarter. Finally, Kennebec Savings Bank lifted its holdings in Visa by 0.9% during the 1st quarter. Kennebec Savings Bank now owns 3,372 shares of the credit-card processor’s stock worth $1,182,000 after buying an additional 30 shares in the last quarter. 82.15% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

V has been the topic of a number of recent analyst reports. UBS Group reaffirmed a “buy” rating and issued a $415.00 target price (up from $405.00) on shares of Visa in a research report on Wednesday, July 30th. Oppenheimer raised their price objective on shares of Visa from $390.00 to $391.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 2nd. Barclays reissued an “overweight” rating and set a $408.00 price objective (up from $396.00) on shares of Visa in a research report on Thursday, July 31st. Jefferies Financial Group raised their price objective on shares of Visa from $400.00 to $410.00 and gave the stock a “buy” rating in a research report on Tuesday, May 27th. Finally, Citigroup assumed coverage on shares of Visa in a research note on Monday, June 2nd. They issued a “buy” rating for the company. One investment analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $385.96.

Visa Stock Performance

Shares of V opened at $350.23 on Friday. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.52. The stock has a market cap of $641.89 billion, a P/E ratio of 34.20, a PEG ratio of 2.34 and a beta of 0.92. The company has a 50-day moving average of $348.63 and a two-hundred day moving average of $347.36. Visa Inc. has a 12-month low of $268.23 and a 12-month high of $375.51.

Visa (NYSE:V) last released its quarterly earnings data on Tuesday, July 29th. The credit-card processor reported $2.98 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.85 by $0.13. Visa had a net margin of 52.16% and a return on equity of 58.93%. The company had revenue of $10.17 billion during the quarter, compared to the consensus estimate of $9.82 billion. During the same period in the previous year, the firm earned $2.42 earnings per share. Visa’s revenue for the quarter was up 14.3% on a year-over-year basis. As a group, research analysts predict that Visa Inc. will post 11.3 EPS for the current fiscal year.

Visa Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 2nd. Stockholders of record on Tuesday, August 12th were given a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date of this dividend was Tuesday, August 12th. Visa’s payout ratio is presently 23.05%.

Insider Transactions at Visa

In other news, insider Paul D. Fabara sold 11,636 shares of the business’s stock in a transaction on Wednesday, June 11th. The shares were sold at an average price of $375.00, for a total transaction of $4,363,500.00. Following the transaction, the insider directly owned 26,413 shares of the company’s stock, valued at approximately $9,904,875. The trade was a 30.58% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, General Counsel Julie B. Rottenberg sold 2,027 shares of the company’s stock in a transaction on Monday, August 18th. The shares were sold at an average price of $344.02, for a total transaction of $697,328.54. Following the completion of the sale, the general counsel directly owned 11,925 shares in the company, valued at $4,102,438.50. This represents a 14.53% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 22,293 shares of company stock valued at $8,114,295. Corporate insiders own 0.13% of the company’s stock.

Visa 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.