Alpha DNA Investment Management LLC Sells 2,769 Shares of Visa Inc. (NYSE:V)

Posted by Defense World Staff on Apr 11th, 2023

Alpha DNA Investment Management LLC lowered its position in Visa Inc. (NYSE:V – Get Rating) by 22.9% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 9,336 shares of the credit-card processor’s stock after selling 2,769 shares during the period. Visa makes up about 0.7% of Alpha DNA Investment Management LLC’s portfolio, making the stock its 12th largest position. Alpha DNA Investment Management LLC’s holdings in Visa were worth $1,940,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of the company. McClarren Financial Advisors Inc. acquired a new stake in Visa in the third quarter worth about $26,000. Global Wealth Strategies & Associates purchased a new position in shares of Visa in the 4th quarter valued at approximately $26,000. Cowa LLC purchased a new position in shares of Visa in the 3rd quarter valued at approximately $29,000. JDM Financial Group LLC acquired a new stake in Visa in the 4th quarter worth approximately $29,000. Finally, McElhenny Sheffield Capital Management LLC purchased a new stake in Visa during the 4th quarter worth approximately $31,000. Institutional investors own 81.87% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently commented on V shares. Robert W. Baird lifted their price objective on shares of Visa from $250.00 to $270.00 and gave the stock an “outperform” rating in a research note on Thursday, January 19th. Oppenheimer lifted their price target on Visa from $210.00 to $237.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 25th. Morgan Stanley increased their price objective on Visa from $284.00 to $288.00 and gave the company an “overweight” rating in a report on Friday, January 27th. Barclays raised their price objective on Visa from $266.00 to $270.00 and gave the stock an “overweight” rating in a research note on Sunday, January 29th. Finally, BMO Capital Markets upped their target price on Visa from $249.00 to $253.00 and gave the company an “outperform” rating in a research report on Friday, January 27th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and twenty have given a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $259.11.

Insiders Place Their Bets

In other news, insider Rajat Taneja sold 61,721 shares of the firm’s stock in a transaction that occurred on Friday, February 3rd. The stock was sold at an average price of $229.92, for a total value of $14,190,892.32. Following the transaction, the insider now owns 232,112 shares in the company, valued at $53,367,191.04. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In related news, insider Rajat Taneja sold 61,721 shares of the stock in a transaction on Friday, February 3rd. The stock was sold at an average price of $229.92, for a total value of $14,190,892.32. Following the completion of the transaction, the insider now directly owns 232,112 shares of the company’s stock, valued at approximately $53,367,191.04. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, General Counsel Julie B. Rottenberg sold 13,394 shares of Visa stock in a transaction on Friday, February 24th. The stock was sold at an average price of $219.00, for a total transaction of $2,933,286.00. Following the sale, the general counsel now directly owns 4,583 shares in the company, valued at approximately $1,003,677. The disclosure for this sale can be found here. In the last three months, insiders sold 133,115 shares of company stock worth $30,115,598. Corporate insiders own 0.21% of the company’s stock.

Visa Trading Up 0.2 %

Shares of V stock opened at $226.43 on Tuesday. Visa Inc. has a 1-year low of $174.60 and a 1-year high of $234.30. The company has a market cap of $425.91 billion, a price-to-earnings ratio of 31.67, a PEG ratio of 1.77 and a beta of 0.96. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.44 and a quick ratio of 1.44. The stock has a 50 day simple moving average of $223.68 and a 200-day simple moving average of $211.40.

Visa (NYSE:V – Get Rating) last posted its quarterly earnings data on Thursday, January 26th. The credit-card processor reported $2.18 earnings per share for the quarter, topping analysts’ consensus estimates of $2.01 by $0.17. Visa had a net margin of 50.28% and a return on equity of 49.95%. The company had revenue of $7.90 billion during the quarter, compared to analysts’ expectations of $7.70 billion. During the same period in the prior year, the business posted $1.81 earnings per share. The firm’s revenue for the quarter was up 11.9% on a year-over-year basis. On average, equities research analysts expect that Visa Inc. will post 8.43 EPS for the current fiscal year.

Visa Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 1st. Investors of record on Friday, February 10th were issued a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 0.79%. This is a boost from Visa’s previous quarterly dividend of $0.40. The ex-dividend date of this dividend was Thursday, February 9th. Visa’s payout ratio is presently 25.17%.

Visa Profile

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Visa, Inc engages in the provision of digital payment services. It also facilitates global commerce through the transfer of value and information among a global network of consumers, merchants, financial institutions, businesses, strategic partners, and government entities. It offers debit cards, credit cards, prepaid products, commercial payment solutions, and global automated teller machines (ATMs).