Visa Inc. (NYSE:V) Shares Sold by Burford Brothers Inc.

Burford Brothers Inc. reduced its stake in shares of Visa Inc. (NYSE:V) by 3.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,037 shares of the credit-card processor’s stock after selling 122 shares during the period. Burford Brothers Inc.’s holdings in Visa were worth $960,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of V. Czech National Bank raised its holdings in Visa by 13.4% in the 3rd quarter. Czech National Bank now owns 340,238 shares of the credit-card processor’s stock valued at $93,548,000 after acquiring an additional 40,268 shares during the last quarter. Security National Bank raised its holdings in Visa by 0.4% in the 3rd quarter. Security National Bank now owns 38,642 shares of the credit-card processor’s stock valued at $10,625,000 after acquiring an additional 149 shares during the last quarter. Greenfield Savings Bank raised its holdings in Visa by 4.7% in the 3rd quarter. Greenfield Savings Bank now owns 5,255 shares of the credit-card processor’s stock valued at $1,445,000 after acquiring an additional 235 shares during the last quarter. Versant Capital Management Inc raised its holdings in Visa by 6.8% in the 3rd quarter. Versant Capital Management Inc now owns 3,668 shares of the credit-card processor’s stock valued at $1,009,000 after acquiring an additional 234 shares during the last quarter. Finally, Ignite Planners LLC raised its holdings in Visa by 3.6% in the 3rd quarter. Ignite Planners LLC now owns 2,822 shares of the credit-card processor’s stock valued at $776,000 after acquiring an additional 97 shares during the last quarter. 82.15% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the company. Robert W. Baird boosted their price target on Visa from $330.00 to $340.00 and gave the company an “outperform” rating in a report on Wednesday, October 30th. Citigroup boosted their price target on Visa from $354.00 to $393.00 and gave the company a “buy” rating in a report on Friday, January 31st. William Blair reissued an “outperform” rating on shares of Visa in a research note on Friday, January 31st. Oppenheimer boosted their price objective on shares of Visa from $375.00 to $390.00 and gave the company an “outperform” rating in a research note on Friday, January 31st. Finally, TD Cowen boosted their price objective on shares of Visa from $318.00 to $325.00 and gave the company a “buy” rating in a research note on Wednesday, October 30th. Four equities research analysts have rated the stock with a hold rating, twenty-five have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Visa presently has an average rating of “Moderate Buy” and a consensus price target of $354.73.

Insider Activity

In other news, insider Paul D. Fabara sold 2,171 shares of the company’s stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $307.97, for a total value of $668,602.87. Following the sale, the insider now owns 17,894 shares in the company, valued at approximately $5,510,815.18. This represents a 10.82 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Ryan Mcinerney sold 8,620 shares of the company’s stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $317.78, for a total transaction of $2,739,263.60. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 21,983 shares of company stock worth $7,213,146. 0.13% of the stock is currently owned by corporate insiders.

Visa Stock Performance

NYSE:V opened at $345.31 on Wednesday. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.12 and a quick ratio of 1.28. The firm has a 50-day moving average of $318.40 and a two-hundred day moving average of $293.81. The stock has a market cap of $643.27 billion, a P/E ratio of 34.81, a PEG ratio of 2.30 and a beta of 0.97. Visa Inc. has a 1-year low of $252.70 and a 1-year high of $351.25.

Visa (NYSE:V) last issued its earnings results on Thursday, January 30th. The credit-card processor reported $2.75 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.66 by $0.09. Visa had a net margin of 54.27% and a return on equity of 54.79%. On average, research analysts expect that Visa Inc. will post 11.2 earnings per share for the current fiscal year.

Visa Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 3rd. Stockholders of record on Tuesday, February 11th will be paid a $0.59 dividend. The ex-dividend date of this dividend is Tuesday, February 11th. This represents a $2.36 dividend on an annualized basis and a dividend yield of 0.68%. Visa’s dividend payout ratio (DPR) is presently 23.79%.

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.