Moseley Investment Management Inc. Sells 445 Shares of Visa Inc. (NYSE:V)

Moseley Investment Management Inc. lessened its position in shares of Visa Inc. (NYSE:V) by 6.5% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 6,437 shares of the credit-card processor’s stock after selling 445 shares during the period. Visa makes up 0.8% of Moseley Investment Management Inc.’s holdings, making the stock its 28th biggest holding. Moseley Investment Management Inc.’s holdings in Visa were worth $2,034,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Custom Index Systems LLC acquired a new stake in Visa in the third quarter worth $731,000. Copley Financial Group Inc. acquired a new stake in Visa in the third quarter worth $616,000. FORA Capital LLC acquired a new stake in Visa in the third quarter worth $7,987,000. Chicago Capital LLC grew its holdings in Visa by 5.2% in the third quarter. Chicago Capital LLC now owns 404,914 shares of the credit-card processor’s stock worth $111,331,000 after purchasing an additional 20,023 shares during the period. Finally, Nexus Investment Management ULC grew its holdings in Visa by 5,034.0% in the third quarter. Nexus Investment Management ULC now owns 56,371 shares of the credit-card processor’s stock worth $15,499,000 after purchasing an additional 55,273 shares during the period. Institutional investors own 82.15% of the company’s stock.

Visa Stock Performance

Shares of V stock opened at $316.45 on Thursday. The firm has a market cap of $589.51 billion, a price-to-earnings ratio of 32.52, a P/E/G ratio of 2.06 and a beta of 0.96. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.28 and a current ratio of 1.28. Visa Inc. has a 52 week low of $252.70 and a 52 week high of $321.61. The firm’s 50-day simple moving average is $312.76 and its two-hundred day simple moving average is $287.65.

Visa (NYSE:V) last announced its quarterly earnings data 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. The business had revenue of $9.62 billion for the quarter, compared to analyst estimates of $9.49 billion. Visa had a net margin of 54.96% and a return on equity of 53.16%. The company’s revenue for the quarter was up 11.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.33 earnings per share. As a group, equities analysts forecast that Visa Inc. will post 11.22 earnings per share for the current year.

Visa Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, December 2nd. Stockholders of record on Tuesday, November 12th were given a $0.59 dividend. The ex-dividend date was Tuesday, November 12th. This represents a $2.36 annualized dividend and a dividend yield of 0.75%. This is a positive change from Visa’s previous quarterly dividend of $0.52. Visa’s payout ratio is 24.25%.

Analyst Ratings Changes

A number of research firms have commented on V. Deutsche Bank Aktiengesellschaft raised their price target on shares of Visa from $300.00 to $340.00 and gave the stock a “buy” rating in a report on Wednesday, October 30th. Susquehanna raised their price target on shares of Visa from $339.00 to $375.00 and gave the stock a “positive” rating in a report on Wednesday, December 11th. Jefferies Financial Group raised their price target on shares of Visa from $320.00 to $330.00 and gave the stock a “buy” rating in a report on Wednesday, October 30th. Morgan Stanley raised their price target on shares of Visa from $326.00 to $371.00 and gave the stock an “overweight” rating in a report on Wednesday, December 18th. Finally, Piper Sandler lifted their price objective on shares of Visa from $319.00 to $322.00 and gave the company an “overweight” rating in a report 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 issued a strong buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $331.92.

Insider Activity

In other news, CEO Ryan Mcinerney sold 8,620 shares of the business’s stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $317.78, for a total value of $2,739,263.60. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Paul D. Fabara sold 2,171 shares of the business’s stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $307.97, for a total transaction of $668,602.87. Following the completion of the sale, the insider now directly owns 17,894 shares in the company, valued at approximately $5,510,815.18. This trade represents a 10.82 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.13% of the company’s stock.

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.