Auxano Advisors LLC Sells 59 Shares of Visa Inc. (NYSE:V)

Auxano Advisors LLC reduced its stake in shares of Visa Inc. (NYSE:V) by 0.6% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 9,368 shares of the credit-card processor’s stock after selling 59 shares during the period. Visa comprises approximately 0.8% of Auxano Advisors LLC’s portfolio, making the stock its 23rd biggest position. Auxano Advisors LLC’s holdings in Visa were worth $2,439,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Altshuler Shaham Ltd purchased a new position in Visa in the third quarter valued at approximately $25,000. O Brien Wealth Partners LLC purchased a new position in Visa in the fourth quarter valued at approximately $32,000. Valued Wealth Advisors LLC purchased a new position in Visa in the fourth quarter valued at approximately $37,000. Stuart Chaussee & Associates Inc. lifted its stake in Visa by 66.2% in the fourth quarter. Stuart Chaussee & Associates Inc. now owns 236 shares of the credit-card processor’s stock valued at $61,000 after purchasing an additional 94 shares during the last quarter. Finally, Life Planning Partners Inc purchased a new position in Visa in the fourth quarter valued at approximately $71,000. 82.15% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of brokerages have issued reports on V. TD Cowen began coverage on shares of Visa in a report on Thursday, April 11th. They set a “buy” rating and a $320.00 target price on the stock. Citigroup boosted their target price on shares of Visa from $314.00 to $321.00 and gave the company a “buy” rating in a report on Wednesday, April 24th. Wedbush boosted their target price on shares of Visa from $280.00 to $300.00 and gave the company an “outperform” rating in a report on Wednesday, April 24th. William Blair reaffirmed an “outperform” rating on shares of Visa in a report on Wednesday, April 24th. Finally, Robert W. Baird upped their price target on shares of Visa from $314.00 to $320.00 and gave the stock an “outperform” rating in a report on Wednesday, April 17th. Five analysts have rated the stock with a hold rating and twenty have given a buy rating to the company. Based on data from MarketBeat.com, Visa has a consensus rating of “Moderate Buy” and an average price target of $302.58.

Visa Stock Performance

Shares of Visa stock traded down $3.23 during trading on Tuesday, hitting $268.61. 6,319,410 shares of the company’s stock traded hands, compared to its average volume of 5,932,800. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.40 and a quick ratio of 1.40. Visa Inc. has a 1 year low of $216.14 and a 1 year high of $290.96. The stock has a market capitalization of $493.30 billion, a P/E ratio of 30.17, a PEG ratio of 1.89 and a beta of 0.96. The business has a 50-day simple moving average of $279.11 and a 200-day simple moving average of $264.97.

Visa (NYSE:V) last released its quarterly earnings data on Tuesday, April 23rd. The credit-card processor reported $2.51 EPS for the quarter, beating the consensus estimate of $2.43 by $0.08. Visa had a return on equity of 51.23% and a net margin of 53.87%. The company had revenue of $8.78 billion for the quarter, compared to analysts’ expectations of $8.62 billion. During the same period last year, the firm posted $2.09 earnings per share. Visa’s revenue was up 9.9% compared to the same quarter last year. As a group, analysts forecast that Visa Inc. will post 9.89 EPS for the current year.

Visa Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 3rd. Stockholders of record on Friday, May 17th will be paid a $0.52 dividend. This represents a $2.08 annualized dividend and a dividend yield of 0.77%. The ex-dividend date of this dividend is Thursday, May 16th. Visa’s dividend payout ratio (DPR) is currently 23.24%.

Insider Transactions at Visa

In related news, Director Lloyd Carney sold 909 shares of Visa stock in a transaction that occurred on Friday, April 26th. The stock was sold at an average price of $275.55, for a total transaction of $250,474.95. Following the sale, the director now owns 2,591 shares of the company’s stock, valued at approximately $713,950.05. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, Director Lloyd Carney sold 909 shares of Visa stock in a transaction that occurred on Friday, April 26th. The stock was sold at an average price of $275.55, for a total transaction of $250,474.95. Following the sale, the director now owns 2,591 shares of the company’s stock, valued at approximately $713,950.05. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Ryan Mcinerney sold 8,150 shares of Visa stock in a transaction that occurred on Thursday, February 1st. The shares were 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 19,874 shares of company stock valued at $5,506,827 over the last quarter. 0.19% of the stock is currently owned by company insiders.

Visa 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.