Impact Capital Partners LLC Cuts Stock Position in Visa Inc. (NYSE:V)

Impact Capital Partners LLC cut its holdings in Visa Inc. (NYSE:V) by 1.6% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 10,348 shares of the credit-card processor’s stock after selling 165 shares during the quarter. Visa accounts for approximately 1.3% of Impact Capital Partners LLC’s investment portfolio, making the stock its 15th largest position. Impact Capital Partners LLC’s holdings in Visa were worth $3,627,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Horizon Wealth Management LLC lifted its position in Visa by 17.0% in the first quarter. Horizon Wealth Management LLC now owns 1,075 shares of the credit-card processor’s stock worth $377,000 after buying an additional 156 shares during the last quarter. First National Corp MA ADV lifted its position in Visa by 1.5% in the first quarter. First National Corp MA ADV now owns 3,927 shares of the credit-card processor’s stock worth $1,376,000 after buying an additional 59 shares during the last quarter. Constitution Capital LLC lifted its position in Visa by 5.7% in the first quarter. Constitution Capital LLC now owns 3,720 shares of the credit-card processor’s stock worth $1,304,000 after buying an additional 200 shares during the last quarter. Chemistry Wealth Management LLC lifted its position in Visa by 27.0% in the first quarter. Chemistry Wealth Management LLC now owns 1,369 shares of the credit-card processor’s stock worth $480,000 after buying an additional 291 shares during the last quarter. Finally, Pines Wealth Management LLC lifted its position in Visa by 1.0% in the first quarter. Pines Wealth Management LLC now owns 6,727 shares of the credit-card processor’s stock worth $2,358,000 after buying an additional 69 shares during the last quarter. 82.15% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Visa

In other Visa news, CEO Ryan Mcinerney sold 8,620 shares of Visa stock in a transaction dated Tuesday, April 1st. The stock was sold at an average price of $350.44, for a total value of $3,020,792.80. Following the transaction, the chief executive officer now owns 537 shares in the company, valued at $188,186.28. The trade was a 94.14% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Paul D. Fabara sold 46,214 shares of Visa stock in a transaction dated Thursday, June 5th. The shares were sold at an average price of $370.00, for a total value of $17,099,180.00. Following the completion of the transaction, the insider now owns 26,413 shares in the company, valued at $9,772,810. This trade represents a 63.63% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 168,162 shares of company stock worth $58,645,479 over the last quarter. Insiders own 0.13% of the company’s stock.

Visa Stock Performance

Shares of Visa stock opened at $370.44 on Friday. The firm has a market cap of $683.52 billion, a P/E ratio of 37.34, a P/E/G ratio of 2.33 and a beta of 0.96. The company has a current ratio of 1.12, a quick 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 $371.00. The stock’s fifty day moving average price is $345.45 and its 200-day moving average price is $335.50.

Visa (NYSE:V) last announced its quarterly earnings results on Tuesday, April 29th. The credit-card processor reported $2.76 EPS for the quarter, beating the consensus estimate of $2.68 by $0.08. The firm had revenue of $9.59 billion for the quarter, compared to analyst estimates of $9.57 billion. Visa had a return on equity of 54.79% and a net margin of 54.27%. The business’s revenue for the quarter was up 9.3% on a year-over-year basis. During the same quarter last year, the firm posted $2.51 earnings per share. On average, equities research analysts expect that Visa Inc. will post 11.3 earnings per share for the current fiscal year.

Visa Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 2nd. Shareholders of record on Tuesday, May 13th were paid a $0.59 dividend. The ex-dividend date of this dividend was Tuesday, May 13th. This represents a $2.36 annualized dividend and a yield of 0.64%. Visa’s dividend payout ratio (DPR) is presently 23.72%.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the company. Wall Street Zen upgraded Visa from a “hold” rating to a “buy” rating in a research report on Monday, May 12th. Citigroup assumed coverage on Visa in a research report on Monday. They issued a “buy” rating for the company. UBS Group increased their target price on Visa from $395.00 to $405.00 and gave the stock a “buy” rating in a research note on Wednesday, May 28th. William Blair reiterated an “outperform” rating on shares of Visa in a research note on Wednesday, April 30th. Finally, Oppenheimer reiterated an “outperform” rating on shares of Visa in a research note on Thursday, February 13th. Five investment analysts have rated the stock with a hold rating, twenty-three have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $372.80.

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.