Global Strategic Investment Solutions LLC Sells 111 Shares of Visa Inc. (NYSE:V)

Global Strategic Investment Solutions LLC lowered its position in shares of Visa Inc. (NYSE:V) by 4.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,218 shares of the credit-card processor’s stock after selling 111 shares during the period. Global Strategic Investment Solutions LLC’s holdings in Visa were worth $701,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently made changes to their positions in the company. Unified Investment Management acquired a new stake in Visa during the fourth quarter worth approximately $814,000. Marathon Asset Management Ltd grew its position in Visa by 8.8% during the fourth quarter. Marathon Asset Management Ltd now owns 211,792 shares of the credit-card processor’s stock worth $66,937,000 after buying an additional 17,071 shares in the last quarter. Meridian Wealth Management LLC grew its position in Visa by 5.7% during the fourth quarter. Meridian Wealth Management LLC now owns 21,863 shares of the credit-card processor’s stock worth $6,909,000 after buying an additional 1,186 shares in the last quarter. Detalus Advisors LLC grew its position in Visa by 16.8% during the fourth quarter. Detalus Advisors LLC now owns 2,768 shares of the credit-card processor’s stock worth $875,000 after buying an additional 399 shares in the last quarter. Finally, Auxano Advisors LLC grew its position in Visa by 2.3% during the fourth quarter. Auxano Advisors LLC now owns 10,274 shares of the credit-card processor’s stock worth $3,247,000 after buying an additional 227 shares in the last quarter. Institutional investors own 82.15% of the company’s stock.

Insider Transactions at Visa

In related news, insider Tullier Kelly Mahon sold 33,741 shares of the business’s stock in a transaction dated 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 of the company’s stock, valued at $12,789,689.82. The trade was a 47.99 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CAO Peter M. Andreski sold 2,332 shares of the business’s stock in a transaction dated Friday, February 7th. The shares were sold at an average price of $349.62, for a total value of $815,313.84. Following the completion of the sale, the chief accounting officer now directly owns 4,488 shares of the company’s stock, valued at $1,569,094.56. The trade was a 34.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 55,885 shares of company stock valued at $19,161,447. Corporate insiders own 0.13% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on V. JPMorgan Chase & Co. increased their price target on Visa from $340.00 to $375.00 and gave the stock an “overweight” rating in a research report on Friday, January 31st. Barclays raised their target price on Visa from $361.00 to $396.00 and gave the company an “overweight” rating in a report on Monday, February 3rd. Citigroup reaffirmed a “neutral” rating on shares of Visa in a report on Thursday, February 13th. Wells Fargo & Company raised their target price on Visa from $360.00 to $395.00 and gave the company an “overweight” rating in a report on Friday, January 31st. Finally, Susquehanna raised their target price on Visa from $395.00 to $410.00 and gave the company a “positive” rating in a report on Friday, February 21st. Six investment analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $353.96.

Visa Stock Down 0.3 %

Shares of NYSE:V opened at $361.60 on Tuesday. The firm has a market cap of $671.77 billion, a P/E ratio of 36.45, a P/E/G ratio of 2.33 and a beta of 0.97. The company has a quick ratio of 1.12, a current ratio of 1.12 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 $366.54. The business has a fifty day simple moving average of $333.92 and a 200 day simple moving average of $306.64.

Visa (NYSE:V) last posted its quarterly earnings data on Thursday, January 30th. The credit-card processor reported $2.75 earnings per share 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%. Analysts predict that Visa Inc. will post 11.3 earnings per share for the current year.

Visa Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Tuesday, February 11th were given a $0.59 dividend. This represents a $2.36 annualized dividend and a dividend yield of 0.65%. The ex-dividend date of this dividend was Tuesday, February 11th. Visa’s dividend payout ratio (DPR) is presently 23.79%.

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.