Visa Inc. (NYSE:V) Shares Sold by Strategic Investment Advisors MI

Strategic Investment Advisors MI lowered its stake in Visa Inc. (NYSE:V) by 6.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 4,229 shares of the credit-card processor’s stock after selling 301 shares during the quarter. Strategic Investment Advisors MI’s holdings in Visa were worth $1,337,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the stock. Decker Retirement Planning Inc. acquired a new stake in shares of Visa during the fourth quarter worth about $26,000. Peterson Financial Group Inc. acquired a new stake in shares of Visa during the third quarter worth about $26,000. Modus Advisors LLC acquired a new stake in shares of Visa during the fourth quarter worth about $32,000. Reston Wealth Management LLC acquired a new stake in shares of Visa during the third quarter worth about $31,000. Finally, Sugar Maple Asset Management LLC acquired a new stake in shares of Visa during the fourth quarter worth about $44,000. Institutional investors and hedge funds own 82.15% of the company’s stock.

Insider Buying and Selling

In related news, insider Paul D. Fabara sold 2,171 shares of the stock in a transaction on Friday, November 22nd. The stock was 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 of the company’s stock, valued at $5,510,815.18. This trade represents a 10.82 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Ryan Mcinerney sold 8,620 shares of the stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $317.78, for a total value of $2,739,263.60. The disclosure for this sale can be found here. Corporate insiders own 0.13% of the company’s stock.

Visa Stock Performance

Shares of V opened at $334.80 on Wednesday. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 0.55. The firm has a market cap of $623.69 billion, a PE ratio of 34.41, a price-to-earnings-growth ratio of 2.17 and a beta of 0.96. The company’s 50 day simple moving average is $315.39 and its 200-day simple moving average is $291.29. Visa Inc. has a 12-month low of $252.70 and a 12-month high of $337.83.

Visa (NYSE:V) last announced its earnings results on Tuesday, October 29th. The credit-card processor reported $2.71 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.58 by $0.13. Visa had a net margin of 54.96% and a return on equity of 53.16%. The business had revenue of $9.62 billion for the quarter, compared to analyst estimates of $9.49 billion. During the same period last year, the firm posted $2.33 earnings per share. The company’s revenue for the quarter was up 11.7% compared to the same quarter last year. As a group, equities analysts predict that Visa Inc. will post 11.19 EPS for the current year.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on V shares. Jefferies Financial Group increased their price target on shares of Visa from $320.00 to $330.00 and gave the stock a “buy” rating in a research report on Wednesday, October 30th. Piper Sandler raised their target price on shares of Visa from $322.00 to $368.00 and gave the company an “overweight” rating in a report on Friday, January 24th. Seaport Res Ptn raised shares of Visa from a “hold” rating to a “strong-buy” rating in a report on Tuesday, January 14th. Bank of America raised their target price on shares of Visa from $314.00 to $331.00 and gave the company a “neutral” rating in a report on Wednesday, January 22nd. Finally, Mizuho raised their target price on shares of Visa from $279.00 to $292.00 and gave the company a “neutral” rating in a report on Friday, November 1st. Four equities research analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $335.52.

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.