Visa Inc. (NYSE:V) Holdings Decreased by Well Done LLC

Well Done LLC trimmed its holdings in shares of Visa Inc. (NYSE:V) by 11.9% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,155 shares of the credit-card processor’s stock after selling 291 shares during the period. Well Done LLC’s holdings in Visa were worth $593,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently bought and sold shares of V. Daymark Wealth Partners LLC grew its holdings in shares of Visa by 0.8% during the 1st quarter. Daymark Wealth Partners LLC now owns 165,395 shares of the credit-card processor’s stock valued at $46,158,000 after acquiring an additional 1,353 shares in the last quarter. BTC Capital Management Inc. acquired a new stake in Visa during the first quarter valued at $446,000. MCIA Inc increased its position in Visa by 3.5% in the 1st quarter. MCIA Inc now owns 4,782 shares of the credit-card processor’s stock worth $1,323,000 after purchasing an additional 162 shares during the last quarter. PFW Advisors LLC raised its stake in shares of Visa by 357.2% during the 1st quarter. PFW Advisors LLC now owns 9,048 shares of the credit-card processor’s stock worth $2,525,000 after purchasing an additional 7,069 shares in the last quarter. Finally, Cardano Risk Management B.V. purchased a new stake in shares of Visa during the 1st quarter worth about $108,145,000. 82.15% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages recently weighed in on V. Piper Sandler cut their price objective on shares of Visa from $322.00 to $319.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 24th. Bank of America lifted their price objective on shares of Visa from $279.00 to $308.00 and gave the company a “neutral” rating in a research note on Tuesday, September 17th. Morgan Stanley reissued an “overweight” rating and set a $322.00 target price on shares of Visa in a research report on Wednesday, September 25th. The Goldman Sachs Group reiterated a “buy” rating and set a $317.00 price target on shares of Visa in a research note on Thursday, September 12th. Finally, Monness Crespi & Hardt reissued a “neutral” rating on shares of Visa in a research note on Tuesday, September 24th. Four research analysts have rated the stock with a hold rating, twenty-three have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Visa presently has a consensus rating of “Moderate Buy” and a consensus target price of $314.19.

Insider Buying and Selling

In other news, CEO Ryan Mcinerney sold 8,620 shares of the business’s stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $276.37, for a total value of $2,382,309.40. Following the sale, the chief executive officer now owns 538 shares in the company, valued at approximately $148,687.06. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.19% of the stock is owned by corporate insiders.

Visa Stock Up 0.1 %

Shares of V stock opened at $290.62 on Friday. The stock has a market cap of $531.53 billion, a P/E ratio of 32.47, a price-to-earnings-growth ratio of 1.94 and a beta of 0.96. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.37 and a quick ratio of 1.37. The stock has a fifty day moving average price of $276.91 and a 200 day moving average price of $272.94. Visa Inc. has a one year low of $228.03 and a one year high of $293.07.

Visa (NYSE:V) last issued its earnings results on Tuesday, July 23rd. The credit-card processor reported $2.42 earnings per share for the quarter, meeting the consensus estimate of $2.42. Visa had a net margin of 54.72% and a return on equity of 51.94%. The business had revenue of $8.90 billion for the quarter, compared to analyst estimates of $8.92 billion. During the same period in the previous year, the business earned $2.16 EPS. The firm’s revenue was up 9.6% on a year-over-year basis. Analysts predict that Visa Inc. will post 9.92 earnings per share for the current year.

Visa Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 3rd. Stockholders of record on Friday, August 9th were issued a $0.52 dividend. The ex-dividend date of this dividend was Friday, August 9th. This represents a $2.08 dividend on an annualized basis and a dividend yield of 0.72%. Visa’s payout ratio is presently 23.24%.

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.