Visa Inc. (NYSE:V) Shares Sold by Planned Solutions Inc.

Planned Solutions Inc. cut its stake in Visa Inc. (NYSE:V) by 10.8% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,492 shares of the credit-card processor’s stock after selling 180 shares during the period. Planned Solutions Inc.’s holdings in Visa were worth $471,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently made changes to their positions in V. Atomi Financial Group Inc. increased its position in Visa by 19.7% during the fourth quarter. Atomi Financial Group Inc. now owns 15,980 shares of the credit-card processor’s stock worth $5,050,000 after purchasing an additional 2,630 shares during the last quarter. Monterey Private Wealth Inc. increased its holdings in shares of Visa by 3.1% during the 4th quarter. Monterey Private Wealth Inc. now owns 4,938 shares of the credit-card processor’s stock worth $1,561,000 after buying an additional 148 shares during the last quarter. Transform Wealth LLC raised its position in shares of Visa by 95.0% during the 4th quarter. Transform Wealth LLC now owns 14,795 shares of the credit-card processor’s stock valued at $4,676,000 after buying an additional 7,206 shares during the period. Alpha Cubed Investments LLC lifted its holdings in Visa by 1.5% in the fourth quarter. Alpha Cubed Investments LLC now owns 119,538 shares of the credit-card processor’s stock valued at $37,779,000 after acquiring an additional 1,736 shares during the last quarter. Finally, Clear Harbor Asset Management LLC grew its position in Visa by 4.9% in the fourth quarter. Clear Harbor Asset Management LLC now owns 31,483 shares of the credit-card processor’s stock worth $9,950,000 after acquiring an additional 1,475 shares during the period. Institutional investors and hedge funds own 82.15% of the company’s stock.

Analyst Upgrades and Downgrades

V has been the topic of several recent analyst reports. Macquarie upped their price target on Visa from $300.00 to $335.00 and gave the company an “outperform” rating in a research note on Wednesday, October 30th. Mizuho increased their target price on shares of Visa from $279.00 to $292.00 and gave the stock a “neutral” rating in a research note on Friday, November 1st. Piper Sandler lifted their price target on shares of Visa from $319.00 to $322.00 and gave the company an “overweight” rating in a research report on Wednesday, October 30th. Keefe, Bruyette & Woods upped their price objective on shares of Visa from $335.00 to $360.00 and gave the stock an “outperform” rating in a report on Monday, December 9th. Finally, BMO Capital Markets lifted their target price on shares of Visa from $310.00 to $320.00 and gave the company an “outperform” rating in a report on Wednesday, October 30th. Four investment analysts have rated the stock with a hold rating, twenty-four have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, Visa has a consensus rating of “Moderate Buy” and a consensus price target of $332.81.

Visa Stock Up 1.4 %

Visa stock opened at $328.18 on Friday. The stock has a market cap of $611.36 billion, a PE ratio of 33.73, a P/E/G ratio of 2.17 and a beta of 0.96. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.28 and a quick ratio of 1.28. The stock’s fifty day moving average is $314.14 and its two-hundred day moving average is $289.71. Visa Inc. has a 1-year low of $252.70 and a 1-year high of $328.51.

Visa (NYSE:V) last issued its earnings results on Tuesday, October 29th. The credit-card processor reported $2.71 earnings per share for the quarter, topping the consensus estimate of $2.58 by $0.13. The business had revenue of $9.62 billion for the quarter, compared to analyst estimates of $9.49 billion. Visa had a return on equity of 53.16% and a net margin of 54.96%. The business’s quarterly revenue was up 11.7% on a year-over-year basis. During the same quarter last year, the company earned $2.33 EPS. On average, sell-side analysts expect that Visa Inc. will post 11.2 EPS for the current fiscal year.

Visa Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, December 2nd. Stockholders of record on Tuesday, November 12th were issued a $0.59 dividend. This is a boost from Visa’s previous quarterly dividend of $0.52. The ex-dividend date of this dividend was Tuesday, November 12th. This represents a $2.36 annualized dividend and a dividend yield of 0.72%. Visa’s dividend payout ratio is presently 24.25%.

Insider Activity at Visa

In related news, CEO Ryan Mcinerney sold 8,620 shares of the company’s stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $317.78, for a total value of $2,739,263.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Paul D. Fabara sold 2,171 shares of Visa stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $307.97, for a total value of $668,602.87. Following the transaction, the insider now directly owns 17,894 shares in the company, valued at approximately $5,510,815.18. This trade represents a 10.82 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.13% of the company’s stock.

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.