Inspirion Wealth Advisors LLC Sells 105 Shares of Visa Inc. (NYSE:V)

Inspirion Wealth Advisors LLC reduced its holdings in Visa Inc. (NYSE:V) by 3.2% in the 4th quarter, Holdings Channel reports. The fund owned 3,157 shares of the credit-card processor’s stock after selling 105 shares during the quarter. Inspirion Wealth Advisors LLC’s holdings in Visa were worth $984,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the business. Intech Investment Management LLC grew its position in shares of Visa by 4.4% in the 2nd quarter. Intech Investment Management LLC now owns 77,764 shares of the credit-card processor’s stock valued at $20,411,000 after purchasing an additional 3,306 shares during the period. Brighton Jones LLC grew its position in shares of Visa by 7.3% in the 2nd quarter. Brighton Jones LLC now owns 14,857 shares of the credit-card processor’s stock valued at $3,900,000 after purchasing an additional 1,007 shares during the period. Ieq Capital LLC grew its position in shares of Visa by 4.7% in the 2nd quarter. Ieq Capital LLC now owns 155,918 shares of the credit-card processor’s stock valued at $40,924,000 after purchasing an additional 7,015 shares during the period. Trust Investment Advisors lifted its stake in Visa by 2.8% in the 2nd quarter. Trust Investment Advisors now owns 4,958 shares of the credit-card processor’s stock valued at $1,301,000 after acquiring an additional 136 shares in the last quarter. Finally, Benjamin F. Edwards & Company Inc. lifted its stake in Visa by 5.8% in the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 59,630 shares of the credit-card processor’s stock valued at $15,651,000 after acquiring an additional 3,249 shares in the last quarter. Institutional investors and hedge funds own 82.15% of the company’s stock.

Insider Buying and Selling at Visa

In other Visa news, CEO Ryan Mcinerney sold 8,620 shares of the 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Paul D. Fabara sold 2,171 shares of the 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 completion of the transaction, the insider now owns 17,894 shares of the company’s stock, valued at $5,510,815.18. This represents a 10.82 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.13% of the company’s stock.

Visa Stock Performance

NYSE:V opened at $319.97 on Friday. The stock’s 50-day simple moving average is $313.16 and its 200 day simple moving average is $288.06. The firm has a market capitalization of $596.06 billion, a PE ratio of 32.88, a price-to-earnings-growth ratio of 2.06 and a beta of 0.96. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 0.55. Visa Inc. has a twelve month low of $252.70 and a twelve month high of $321.61.

Visa (NYSE:V) last released its quarterly earnings data on Tuesday, October 29th. The credit-card processor reported $2.71 earnings per share for the quarter, beating 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%. Visa’s revenue was up 11.7% compared to the same quarter last year. During the same period last year, the firm posted $2.33 earnings per share. On average, analysts anticipate that Visa Inc. will post 11.22 EPS for the current fiscal year.

Visa Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 2nd. Investors of record on Tuesday, November 12th were paid a $0.59 dividend. The ex-dividend date of this dividend was Tuesday, November 12th. This is a positive change from Visa’s previous quarterly dividend of $0.52. This represents a $2.36 annualized dividend and a yield of 0.74%. Visa’s dividend payout ratio (DPR) is 24.25%.

Analysts Set New Price Targets

Several equities research analysts have commented on V shares. Monness Crespi & Hardt restated a “neutral” rating on shares of Visa in a research note on Tuesday, September 24th. Oppenheimer boosted their target price on Visa from $321.00 to $375.00 and gave the company an “outperform” rating in a research note on Thursday, December 19th. Mizuho boosted their target price on Visa from $279.00 to $292.00 and gave the company a “neutral” rating in a research note on Friday, November 1st. Macquarie boosted their target price on Visa from $300.00 to $335.00 and gave the company an “outperform” rating in a research note on Wednesday, October 30th. Finally, Jefferies Financial Group boosted their target price on Visa from $320.00 to $330.00 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-four have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, Visa presently has an average rating of “Moderate Buy” and an average target price of $331.92.

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.