Intelligent Financial Strategies Reduces Holdings in Visa Inc. (NYSE:V)

Intelligent Financial Strategies lessened its holdings in Visa Inc. (NYSE:V) by 6.4% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 6,040 shares of the credit-card processor’s stock after selling 415 shares during the period. Visa accounts for approximately 1.1% of Intelligent Financial Strategies’ portfolio, making the stock its 15th largest holding. Intelligent Financial Strategies’ holdings in Visa were worth $1,909,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the business. Peterson Financial Group Inc. purchased a new position in Visa in the 3rd quarter valued at about $26,000. Decker Retirement Planning Inc. acquired a new position in shares of Visa in the fourth quarter valued at approximately $26,000. Reston Wealth Management LLC purchased a new position in shares of Visa during the third quarter valued at approximately $31,000. POM Investment Strategies LLC boosted its position in Visa by 48.5% during the fourth quarter. POM Investment Strategies LLC now owns 98 shares of the credit-card processor’s stock worth $31,000 after acquiring an additional 32 shares during the last quarter. Finally, Modus Advisors LLC purchased a new stake in Visa in the 4th quarter worth approximately $32,000. 82.15% of the stock is currently owned by institutional investors and hedge funds.

Visa Stock Performance

Shares of V stock opened at $356.04 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 company’s fifty day moving average price is $326.05 and its two-hundred day moving average price is $300.04. The firm has a market capitalization of $661.45 billion, a P/E ratio of 35.89, a P/E/G ratio of 2.32 and a beta of 0.97. Visa Inc. has a 12 month low of $252.70 and a 12 month high of $356.74.

Visa (NYSE:V) last released its quarterly earnings results on Thursday, January 30th. The credit-card processor reported $2.75 EPS 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%. On average, research analysts anticipate that Visa Inc. will post 11.27 earnings per share for the current fiscal year.

Visa Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, March 3rd. Investors 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 0.66%. Visa’s dividend payout ratio (DPR) is presently 23.79%.

Insider Activity at Visa

In other Visa news, insider Tullier Kelly Mahon sold 33,741 shares of the company’s stock in a transaction that occurred on Friday, February 7th. The stock was sold at an average price of $349.77, for a total transaction of $11,801,589.57. Following the sale, the insider now owns 36,566 shares in the company, valued at $12,789,689.82. This represents a 47.99 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. 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 completion of the transaction, the insider now owns 17,894 shares of the company’s stock, valued at approximately $5,510,815.18. The trade was a 10.82 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 58,056 shares of company stock valued at $19,830,050 over the last ninety days. Corporate insiders own 0.13% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have weighed in on V. Robert W. Baird increased their price target on Visa from $330.00 to $340.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 30th. BMO Capital Markets raised their price target on Visa from $310.00 to $320.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 30th. Jefferies Financial Group upped their price objective on shares of Visa from $320.00 to $330.00 and gave the company a “buy” rating in a research note on Wednesday, October 30th. Deutsche Bank Aktiengesellschaft raised their target price on shares of Visa from $300.00 to $340.00 and gave the stock a “buy” rating in a research report on Wednesday, October 30th. Finally, Keefe, Bruyette & Woods upped their price target on shares of Visa from $360.00 to $400.00 and gave the stock an “outperform” rating in a research report on Friday, January 31st. Four equities research analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Visa has an average rating of “Moderate Buy” and a consensus price target of $354.73.

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.