Alpha DNA Investment Management LLC Decreases Stake in Visa Inc. (NYSE:V)

Alpha DNA Investment Management LLC cut its position in Visa Inc. (NYSE:V) by 2.3% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,870 shares of the credit-card processor’s stock after selling 90 shares during the period. Alpha DNA Investment Management LLC’s holdings in Visa were worth $1,064,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. WFA Asset Management Corp raised its holdings in Visa by 4.6% during the first quarter. WFA Asset Management Corp now owns 2,263 shares of the credit-card processor’s stock worth $632,000 after purchasing an additional 100 shares in the last quarter. Lavaca Capital LLC purchased a new position in shares of Visa in the 1st quarter valued at $249,000. Caxton Associates LP raised its stake in Visa by 431.3% during the 1st quarter. Caxton Associates LP now owns 53,088 shares of the credit-card processor’s stock worth $14,816,000 after acquiring an additional 43,096 shares in the last quarter. Zurich Insurance Group Ltd FI lifted its position in Visa by 0.3% in the first quarter. Zurich Insurance Group Ltd FI now owns 583,343 shares of the credit-card processor’s stock valued at $162,799,000 after acquiring an additional 2,015 shares during the last quarter. Finally, Silvercrest Asset Management Group LLC boosted its stake in Visa by 13.7% in the first quarter. Silvercrest Asset Management Group LLC now owns 148,553 shares of the credit-card processor’s stock valued at $41,458,000 after acquiring an additional 17,887 shares in the last quarter. 82.15% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Visa

In other Visa news, insider Paul D. Fabara sold 2,171 shares of the stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $307.97, for a total transaction 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 filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Ryan Mcinerney sold 8,620 shares of the firm’s stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $276.37, for a total value of $2,382,309.40. Following the transaction, the chief executive officer now directly owns 538 shares of the company’s stock, valued at $148,687.06. The trade was a 94.13 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.19% of the company’s stock.

Wall Street Analysts Forecast Growth

V has been the subject of several research reports. The Goldman Sachs Group reissued a “buy” rating and issued a $317.00 target price on shares of Visa in a report on Thursday, September 12th. Morgan Stanley increased their price objective on Visa from $322.00 to $326.00 and gave the company an “overweight” rating in a report on Wednesday, October 30th. Susquehanna lifted their target price on shares of Visa from $326.00 to $339.00 and gave the company a “positive” rating in a report on Wednesday, October 30th. Citigroup increased their price target on shares of Visa from $319.00 to $326.00 and gave the stock a “buy” rating in a research note on Wednesday, October 30th. Finally, BNP Paribas upgraded shares of Visa from a “neutral” rating to an “outperform” rating and set a $325.00 price objective on the stock in a research note on Tuesday, September 3rd. Four equities research analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, Visa has an average rating of “Moderate Buy” and a consensus target price of $321.74.

Visa Stock Up 0.0 %

V stock opened at $309.92 on Friday. Visa Inc. has a 52 week low of $251.61 and a 52 week high of $312.44. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 0.55. The company has a market cap of $577.34 billion, a P/E ratio of 31.85, a P/E/G ratio of 2.08 and a beta of 0.95. The company’s 50-day moving average price is $289.52 and its 200 day moving average price is $277.34.

Visa (NYSE:V) last announced its quarterly earnings results on Tuesday, October 29th. The credit-card processor reported $2.71 EPS for the quarter, topping the consensus estimate of $2.58 by $0.13. Visa had a return on equity of 53.16% and a net margin of 54.96%. The business had revenue of $9.62 billion for the quarter, compared to analyst estimates of $9.49 billion. During the same quarter in the previous year, the company earned $2.33 EPS. The company’s quarterly revenue was up 11.7% on a year-over-year basis. On average, research analysts expect that Visa Inc. will post 11.19 earnings per share for the current fiscal year.

Visa Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Tuesday, November 12th will be given a $0.59 dividend. The ex-dividend date of this dividend is Tuesday, November 12th. This represents a $2.36 dividend on an annualized basis and a dividend yield of 0.76%. This is a boost from Visa’s previous quarterly dividend of $0.52. Visa’s dividend payout ratio (DPR) is currently 24.25%.

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.