Visa Inc. (NYSE:V) Shares Sold by Archer Investment Corp

Archer Investment Corp reduced its holdings in shares of Visa Inc. (NYSE:V) by 1.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 5,638 shares of the credit-card processor’s stock after selling 97 shares during the period. Archer Investment Corp’s holdings in Visa were worth $1,468,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in the business. BCK Partners Inc. acquired a new position in Visa during the 1st quarter worth approximately $2,717,000. Markel Corp increased its holdings in Visa by 0.3% in the first quarter. Markel Corp now owns 961,105 shares of the credit-card processor’s stock valued at $213,144,000 after buying an additional 3,065 shares during the last quarter. AMI Investment Management Inc. acquired a new stake in Visa in the first quarter valued at $2,323,000. Ergoteles LLC purchased a new stake in Visa during the 1st quarter worth about $538,000. Finally, XTX Topco Ltd acquired a new position in shares of Visa during the 1st quarter worth about $1,496,000. 82.15% of the stock is currently owned by institutional investors and hedge funds.

Visa Stock Down 0.5 %

Shares of NYSE:V opened at $271.37 on Friday. The firm has a market cap of $498.37 billion, a PE ratio of 31.23, a price-to-earnings-growth ratio of 1.88 and a beta of 0.96. The company has a fifty day simple moving average of $279.71 and a 200 day simple moving average of $262.62. The company has a current ratio of 1.45, a quick ratio of 1.45 and a debt-to-equity ratio of 0.54. Visa Inc. has a 12-month low of $216.14 and a 12-month high of $290.96.

Visa (NYSE:V) last announced its quarterly earnings data on Thursday, January 25th. The credit-card processor reported $2.41 earnings per share for the quarter, topping the consensus estimate of $2.34 by $0.07. Visa had a net margin of 53.92% and a return on equity of 50.02%. The company had revenue of $8.63 billion during the quarter, compared to analyst estimates of $8.55 billion. During the same period last year, the business earned $2.18 EPS. The firm’s revenue for the quarter was up 9.3% compared to the same quarter last year. On average, equities research analysts anticipate that Visa Inc. will post 9.88 EPS for the current fiscal year.

Visa Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 1st. Shareholders of record on Friday, February 9th were paid a dividend of $0.52 per share. The ex-dividend date of this dividend was Thursday, February 8th. This represents a $2.08 annualized dividend and a yield of 0.77%. Visa’s payout ratio is 23.94%.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on V shares. UBS Group upped their price target on Visa from $305.00 to $315.00 and gave the company a “buy” rating in a report on Friday, January 26th. Wedbush boosted their target price on Visa from $270.00 to $280.00 and gave the company an “outperform” rating in a report on Friday, January 26th. Susquehanna boosted their price objective on Visa from $300.00 to $326.00 and gave the company a “positive” rating in a research note on Friday, January 26th. Evercore ISI lifted their target price on shares of Visa from $325.00 to $335.00 and gave the company an “outperform” rating in a report on Tuesday, March 26th. Finally, Royal Bank of Canada increased their price target on shares of Visa from $290.00 to $309.00 and gave the stock an “outperform” rating in a research note on Friday, January 26th. Five analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company. According to MarketBeat, Visa has an average rating of “Moderate Buy” and a consensus price target of $298.43.

Insiders Place Their Bets

In other news, CEO Ryan Mcinerney sold 8,150 shares of the stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $273.39, for a total value of $2,228,128.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, CAO Peter M. Andreski sold 2,615 shares of the company’s stock in a transaction that occurred on Wednesday, February 7th. The shares were sold at an average price of $278.88, for a total value of $729,271.20. Following the completion of the sale, the chief accounting officer now owns 4,898 shares in the company, valued at approximately $1,365,954.24. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Ryan Mcinerney sold 8,150 shares of the company’s stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $273.39, for a total value of $2,228,128.50. The disclosure for this sale can be found here. Insiders have sold 18,965 shares of company stock valued at $5,256,352 over the last quarter. Insiders own 0.19% of the company’s stock.

About Visa

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.