Alpha DNA Investment Management LLC Cuts Stock Position in Visa Inc. (NYSE:V)

Alpha DNA Investment Management LLC decreased its position in shares of Visa Inc. (NYSE:V) by 3.5% in the fourth quarter, HoldingsChannel reports. The fund owned 3,736 shares of the credit-card processor’s stock after selling 134 shares during the quarter. Alpha DNA Investment Management LLC’s holdings in Visa were worth $1,181,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of V. Arvest Bank Trust Division grew its stake in shares of Visa by 4.6% during the fourth quarter. Arvest Bank Trust Division now owns 1,251 shares of the credit-card processor’s stock worth $395,000 after acquiring an additional 55 shares during the last quarter. CANADA LIFE ASSURANCE Co increased its stake in Visa by 6.0% during the 4th quarter. CANADA LIFE ASSURANCE Co now owns 1,986,217 shares of the credit-card processor’s stock valued at $627,922,000 after purchasing an additional 112,406 shares in the last quarter. Tobias Financial Advisors Inc. raised its holdings in shares of Visa by 3.2% in the fourth quarter. Tobias Financial Advisors Inc. now owns 2,484 shares of the credit-card processor’s stock worth $785,000 after buying an additional 78 shares during the last quarter. GKV Capital Management Co. Inc. purchased a new stake in shares of Visa during the fourth quarter valued at $5,349,000. Finally, Foster Dykema Cabot & Partners LLC increased its position in shares of Visa by 31.1% in the 4th quarter. Foster Dykema Cabot & Partners LLC now owns 4,363 shares of the credit-card processor’s stock valued at $1,379,000 after acquiring an additional 1,035 shares during the period. 82.15% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Visa

In other news, 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 transaction of $815,313.84. Following the transaction, the chief accounting officer now owns 4,488 shares of the company’s stock, valued at approximately $1,569,094.56. The trade was a 34.19 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Ryan Mcinerney sold 8,620 shares of the firm’s stock in a transaction dated Tuesday, April 1st. The stock was sold at an average price of $350.44, for a total transaction of $3,020,792.80. Following the sale, the chief executive officer now owns 537 shares of the company’s stock, valued at approximately $188,186.28. The trade was a 94.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 143,205 shares of company stock valued at $48,842,490. Corporate insiders own 0.13% of the company’s stock.

Visa Trading Down 0.6 %

V stock opened at $329.26 on Friday. Visa Inc. has a 12-month low of $252.70 and a 12-month high of $366.54. The business’s 50-day moving average is $341.11 and its 200 day moving average is $320.08. 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 stock has a market cap of $611.69 billion, a price-to-earnings ratio of 33.19, a PEG ratio of 2.33 and a beta of 0.94.

Visa (NYSE:V) last issued its quarterly earnings results on Thursday, January 30th. The credit-card processor reported $2.75 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.66 by $0.09. Visa had a return on equity of 54.79% and a net margin of 54.27%. On average, sell-side analysts anticipate that Visa Inc. will post 11.3 EPS for the current fiscal year.

Visa Announces Dividend

The firm also recently announced 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 dividend on an annualized basis and a dividend yield of 0.72%. The ex-dividend date was Tuesday, February 11th. Visa’s dividend payout ratio (DPR) is 23.79%.

Analyst Upgrades and Downgrades

Several analysts have weighed in on V shares. Susquehanna reiterated a “positive” rating on shares of Visa in a research note on Friday, March 21st. Seaport Res Ptn upgraded Visa from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, January 14th. UBS Group raised their price target on shares of Visa from $350.00 to $400.00 and gave the stock a “buy” rating in a research report on Friday, January 31st. JPMorgan Chase & Co. upped their price objective on shares of Visa from $340.00 to $375.00 and gave the company an “overweight” rating in a report on Friday, January 31st. Finally, Bank of America raised their target price on shares of Visa from $331.00 to $363.00 and gave the stock a “neutral” rating in a report on Friday, January 31st. Seven equities research analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $355.84.

Visa Company 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.