Denali Advisors LLC Sells 5,148 Shares of Visa Inc. $V

Denali Advisors LLC decreased its stake in shares of Visa Inc. (NYSE:V) by 43.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,832 shares of the credit-card processor’s stock after selling 5,148 shares during the period. Denali Advisors LLC’s holdings in Visa were worth $2,332,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in V. Harbor Asset Planning Inc. bought a new stake in shares of Visa in the second quarter valued at about $29,000. Sagard Holdings Management Inc. bought a new stake in Visa in the 2nd quarter valued at approximately $31,000. Bare Financial Services Inc boosted its position in Visa by 287.0% during the 2nd quarter. Bare Financial Services Inc now owns 89 shares of the credit-card processor’s stock worth $32,000 after acquiring an additional 66 shares during the last quarter. Hoese & Co LLP bought a new position in shares of Visa during the 2nd quarter worth approximately $36,000. Finally, Quaker Wealth Management LLC grew its stake in shares of Visa by 202.7% during the 2nd quarter. Quaker Wealth Management LLC now owns 114 shares of the credit-card processor’s stock worth $40,000 after acquiring an additional 225 shares in the last quarter. 82.15% of the stock is owned by institutional investors.

Visa Price Performance

Shares of NYSE V opened at $314.13 on Monday. The business’s 50 day moving average price is $337.98 and its two-hundred day moving average price is $339.73. The company has a market cap of $570.19 billion, a PE ratio of 29.47, a price-to-earnings-growth ratio of 1.80 and a beta of 0.79. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.51. Visa Inc. has a twelve month low of $299.00 and a twelve month high of $375.51.

Visa (NYSE:V) last issued its earnings results on Thursday, January 29th. The credit-card processor reported $3.17 EPS for the quarter, topping the consensus estimate of $3.14 by $0.03. The company had revenue of $10.90 billion during the quarter, compared to the consensus estimate of $10.69 billion. Visa had a return on equity of 61.74% and a net margin of 50.23%.The firm’s revenue for the quarter was up 14.6% compared to the same quarter last year. During the same period in the previous year, the company posted $2.75 EPS. On average, analysts predict that Visa Inc. will post 11.3 EPS for the current year.

Visa Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 2nd. Shareholders of record on Tuesday, February 10th will be issued a $0.67 dividend. This represents a $2.68 annualized dividend and a dividend yield of 0.9%. The ex-dividend date is Tuesday, February 10th. Visa’s payout ratio is currently 25.14%.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on V shares. Daiwa America upgraded shares of Visa from a “hold” rating to a “strong-buy” rating in a report on Monday, February 2nd. Piper Sandler set a $160.00 price objective on Visa in a report on Wednesday, January 28th. Citigroup upgraded Visa to a “strong-buy” rating in a report on Thursday, October 23rd. Morgan Stanley reissued an “overweight” rating and set a $411.00 price target (up from $398.00) on shares of Visa in a research report on Friday, January 30th. Finally, Macquarie Infrastructure reaffirmed an “outperform” rating and set a $410.00 price target on shares of Visa in a research report on Friday, January 30th. Six research analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and three have given a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of $392.21.

Insider Buying and Selling at Visa

In related news, CEO Ryan Mcinerney sold 10,485 shares of Visa stock in a transaction dated Friday, January 2nd. The shares were sold at an average price of $349.18, for a total transaction of $3,661,152.30. Following the completion of the sale, the chief executive officer owned 9,401 shares of the company’s stock, valued at approximately $3,282,641.18. The trade was a 52.73% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Paul D. Fabara sold 2,172 shares of the stock in a transaction dated Friday, November 21st. The shares were sold at an average price of $325.93, for a total transaction of $707,919.96. Following the completion of the transaction, the insider directly owned 26,413 shares in the company, valued at approximately $8,608,789.09. This represents a 7.60% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 0.12% of the stock is owned by insiders.

Visa Company Profile

Visa Inc is a global payments technology company that facilitates electronic funds transfers and digital commerce by connecting consumers, merchants, financial institutions and governments. The firm operates one of the world’s largest payment networks, providing processing, authorization, clearing and settlement services for credit, debit and prepaid card transactions. Visa’s network-based model enables partner banks and other issuers to offer branded payment products while Visa focuses on the infrastructure, standards and technologies that move money securely and efficiently around the world.

Visa’s product and service portfolio includes card-based payment products for consumers and businesses, real-time push-payment capabilities, tokenization and authentication services, fraud and risk-management tools, data analytics and APIs for fintech and merchant integration.