Great Diamond Partners LLC Sells 39 Shares of Visa Inc. (NYSE:V)

Great Diamond Partners LLC trimmed its stake in shares of Visa Inc. (NYSE:V) by 0.4% during the fourth quarter, HoldingsChannel reports. The fund owned 9,123 shares of the credit-card processor’s stock after selling 39 shares during the period. Great Diamond Partners LLC’s holdings in Visa were worth $2,375,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in V. Altshuler Shaham Ltd acquired a new stake in Visa during the 3rd quarter worth about $25,000. O Brien Wealth Partners LLC purchased a new stake in Visa in the 4th quarter valued at about $32,000. Valued Wealth Advisors LLC bought a new position in shares of Visa in the fourth quarter valued at approximately $37,000. Delos Wealth Advisors LLC increased its position in shares of Visa by 2,500.0% during the 4th quarter. Delos Wealth Advisors LLC now owns 156 shares of the credit-card processor’s stock valued at $41,000 after purchasing an additional 150 shares during the last quarter. Finally, Advantage Trust Co bought a new position in shares of Visa during the 4th quarter valued at approximately $52,000. 82.15% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

V has been the topic of a number of recent research reports. Raymond James upped their price target on shares of Visa from $287.00 to $311.00 and gave the company an “outperform” rating in a research note on Friday, January 26th. UBS Group raised their target price on Visa from $315.00 to $325.00 and gave the stock a “buy” rating in a research note on Wednesday, April 24th. Keefe, Bruyette & Woods upped their price target on Visa from $305.00 to $315.00 and gave the company an “outperform” rating in a research report on Friday, January 26th. Evercore ISI raised their price objective on shares of Visa from $325.00 to $335.00 and gave the company an “outperform” rating in a research report on Tuesday, March 26th. Finally, William Blair reaffirmed an “outperform” rating on shares of Visa in a report on Wednesday, April 24th. Five analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the stock. According to MarketBeat.com, Visa has a consensus rating of “Moderate Buy” and an average price target of $303.00.

Insider Activity at Visa

In related news, CEO Ryan Mcinerney sold 8,200 shares of the firm’s stock in a transaction on Monday, April 1st. The shares were sold at an average price of $280.36, for a total value of $2,298,952.00. Following the completion of the transaction, the chief executive officer now directly owns 538 shares of the company’s stock, valued at $150,833.68. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In other news, CEO Ryan Mcinerney sold 8,200 shares of Visa stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $280.36, for a total value of $2,298,952.00. Following the completion of the transaction, the chief executive officer now owns 538 shares in the company, valued at approximately $150,833.68. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Lloyd Carney sold 909 shares of the firm’s stock in a transaction on Friday, April 26th. The stock was sold at an average price of $275.55, for a total value of $250,474.95. Following the completion of the sale, the director now owns 2,591 shares of the company’s stock, valued at $713,950.05. The disclosure for this sale can be found here. 0.19% of the stock is owned by corporate insiders.

Visa Stock Up 0.8 %

Shares of V traded up $2.20 on Friday, hitting $280.74. 8,986,581 shares of the stock traded hands, compared to its average volume of 7,008,364. The business has a 50 day simple moving average of $277.51 and a 200 day simple moving average of $266.87. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.40 and a current ratio of 1.40. Visa Inc. has a one year low of $216.14 and a one year high of $290.96. The company has a market capitalization of $513.46 billion, a PE ratio of 31.37, a P/E/G ratio of 1.91 and a beta of 0.95.

Visa (NYSE:V) last issued its quarterly earnings data on Tuesday, April 23rd. The credit-card processor reported $2.51 earnings per share for the quarter, topping the consensus estimate of $2.43 by $0.08. Visa had a net margin of 53.87% and a return on equity of 51.23%. The firm had revenue of $8.78 billion for the quarter, compared to analysts’ expectations of $8.62 billion. During the same quarter in the prior year, the business earned $2.09 EPS. The business’s quarterly revenue was up 9.9% on a year-over-year basis. As a group, equities analysts forecast that Visa Inc. will post 9.94 earnings per share for the current fiscal year.

Visa Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, June 3rd. Shareholders of record on Friday, May 17th will be paid a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a yield of 0.74%. The ex-dividend date is Thursday, May 16th. Visa’s payout ratio is 23.24%.

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.