Sand Hill Global Advisors LLC decreased its holdings in shares of Visa Inc. (NYSE:V – Free Report) by 1.2% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 65,691 shares of the credit-card processor’s stock after selling 786 shares during the quarter. Visa comprises approximately 0.8% of Sand Hill Global Advisors LLC’s holdings, making the stock its 19th biggest holding. Sand Hill Global Advisors LLC’s holdings in Visa were worth $14,811,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also made changes to their positions in the business. Trek Financial LLC lifted its holdings in shares of Visa by 15.1% during the 1st quarter. Trek Financial LLC now owns 1,785 shares of the credit-card processor’s stock valued at $402,000 after acquiring an additional 234 shares in the last quarter. Harbert Fund Advisors Inc. lifted its holdings in shares of Visa by 50.0% during the 1st quarter. Harbert Fund Advisors Inc. now owns 9,750 shares of the credit-card processor’s stock valued at $2,198,000 after acquiring an additional 3,250 shares in the last quarter. Prospera Financial Services Inc lifted its holdings in shares of Visa by 18.6% during the 1st quarter. Prospera Financial Services Inc now owns 32,144 shares of the credit-card processor’s stock valued at $7,255,000 after acquiring an additional 5,040 shares in the last quarter. 1832 Asset Management L.P. lifted its holdings in shares of Visa by 20.6% during the 1st quarter. 1832 Asset Management L.P. now owns 5,197,305 shares of the credit-card processor’s stock valued at $1,171,784,000 after acquiring an additional 889,467 shares in the last quarter. Finally, Longview Partners Guernsey LTD acquired a new position in Visa in the 1st quarter worth $573,158,000. Institutional investors and hedge funds own 81.35% of the company’s stock.
Insiders Place Their Bets
In other Visa news, CEO Ryan Mcinerney sold 8,150 shares of the company’s stock in a transaction dated Friday, September 1st. The shares were sold at an average price of $247.47, for a total value of $2,016,880.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, CEO Ryan Mcinerney sold 8,150 shares of the company’s stock in a transaction that occurred on Friday, September 1st. The shares were sold at an average price of $247.47, for a total value of $2,016,880.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Rajat Taneja sold 2,300 shares of the company’s stock in a transaction that occurred on Wednesday, July 5th. The stock was sold at an average price of $240.00, for a total transaction of $552,000.00. Following the completion of the sale, the insider now directly owns 232,112 shares of the company’s stock, valued at $55,706,880. The disclosure for this sale can be found here. In the last 90 days, insiders sold 65,750 shares of company stock worth $15,845,648. Insiders own 0.22% of the company’s stock.
Wall Street Analyst Weigh In
View Our Latest Stock Report on V
Visa Price Performance
Shares of NYSE:V opened at $247.35 on Friday. The company has a quick ratio of 1.49, a current ratio of 1.49 and a debt-to-equity ratio of 0.55. Visa Inc. has a fifty-two week low of $174.60 and a fifty-two week high of $248.87. The firm has a 50-day simple moving average of $240.99 and a 200 day simple moving average of $231.33. The company has a market cap of $460.53 billion, a PE ratio of 31.39, a P/E/G ratio of 1.85 and a beta of 0.95.
Visa (NYSE:V – Get Free Report) last posted its earnings results on Tuesday, July 25th. The credit-card processor reported $2.16 EPS for the quarter, topping the consensus estimate of $2.11 by $0.05. Visa had a net margin of 51.94% and a return on equity of 49.42%. The firm had revenue of $8.12 billion during the quarter, compared to analysts’ expectations of $8.06 billion. During the same quarter in the prior year, the firm earned $1.98 EPS. Visa’s quarterly revenue was up 11.7% on a year-over-year basis. On average, sell-side analysts anticipate that Visa Inc. will post 8.65 EPS for the current year.
Visa Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Friday, September 1st. Shareholders of record on Friday, August 11th were given a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 0.73%. The ex-dividend date of this dividend was Thursday, August 10th. Visa’s dividend payout ratio (DPR) is 22.84%.
Visa Profile
Visa Inc operates as a payments technology company worldwide. 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, click to pay; Visa Direct, a real-time payments network; Visa B2B Connect, a multilateral B2B cross-border payments network; Visa Treasury as a Service, a cross-border consumer payments business; 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.
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