Dempze Nancy E Lowers Position in Visa Inc. $V

Dempze Nancy E trimmed its stake in Visa Inc. (NYSE:V) by 10.8% in the second quarter, Holdings Channel.com reports. The firm owned 6,659 shares of the credit-card processor’s stock after selling 810 shares during the quarter. Visa comprises about 1.4% of Dempze Nancy E’s portfolio, making the stock its 28th largest position. Dempze Nancy E’s holdings in Visa were worth $2,364,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Keystone Global Partners LLC purchased a new stake in Visa in the first quarter valued at approximately $26,000. Family Legacy Financial Solutions LLC acquired a new position in Visa during the second quarter valued at approximately $28,000. von Borstel & Associates Inc. acquired a new position in Visa during the first quarter valued at approximately $27,000. Cranbrook Wealth Management LLC lifted its position in Visa by 82.0% during the second quarter. Cranbrook Wealth Management LLC now owns 91 shares of the credit-card processor’s stock valued at $32,000 after buying an additional 41 shares in the last quarter. Finally, Westend Capital Management LLC lifted its position in Visa by 83.1% during the second quarter. Westend Capital Management LLC now owns 108 shares of the credit-card processor’s stock valued at $38,000 after buying an additional 49 shares in the last quarter. 82.15% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the stock. Robert W. Baird set a $410.00 price target on shares of Visa and gave the company an “outperform” rating in a research report on Monday, October 6th. Barclays reissued an “overweight” rating and set a $408.00 target price (up from $396.00) on shares of Visa in a research report on Thursday, July 31st. Weiss Ratings reissued a “buy (b)” rating on shares of Visa in a research report on Wednesday. Raymond James Financial reissued an “outperform” rating on shares of Visa in a research report on Wednesday, July 30th. Finally, Erste Group Bank cut shares of Visa from a “buy” rating to a “hold” rating in a research report on Monday, September 22nd. One analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat.com, Visa presently has an average rating of “Moderate Buy” and an average target price of $389.00.

Visa Trading Down 1.0%

Shares of NYSE:V opened at $343.63 on Friday. The company has a market cap of $629.79 billion, a PE ratio of 33.56, a P/E/G ratio of 2.04 and a beta of 0.90. The company’s 50-day moving average price is $343.77 and its 200 day moving average price is $346.99. Visa Inc. has a fifty-two week low of $275.37 and a fifty-two week high of $375.51. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.52.

Visa (NYSE:V) last issued its quarterly earnings data on Tuesday, July 29th. The credit-card processor reported $2.98 earnings per share for the quarter, beating the consensus estimate of $2.85 by $0.13. The firm had revenue of $10.17 billion for the quarter, compared to the consensus estimate of $9.82 billion. Visa had a net margin of 52.16% and a return on equity of 58.93%. Visa’s quarterly revenue was up 14.3% compared to the same quarter last year. During the same period last year, the firm posted $2.42 EPS. Sell-side analysts anticipate that Visa Inc. will post 11.3 earnings per share for the current year.

Visa Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 2nd. Investors of record on Tuesday, August 12th were given a $0.59 dividend. The ex-dividend date was Tuesday, August 12th. This represents a $2.36 annualized dividend and a yield of 0.7%. Visa’s dividend payout ratio (DPR) is currently 23.05%.

Insider Activity

In other Visa news, General Counsel Julie B. Rottenberg sold 2,027 shares of the firm’s stock in a transaction dated Monday, August 18th. The shares were sold at an average price of $344.02, for a total transaction of $697,328.54. Following the transaction, the general counsel owned 11,925 shares of the company’s stock, valued at approximately $4,102,438.50. This trade represents a 14.53% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Ryan Mcinerney sold 10,485 shares of the firm’s stock in a transaction dated Wednesday, October 1st. The shares were sold at an average price of $342.30, for a total transaction of $3,589,015.50. Following the transaction, the chief executive officer directly owned 537 shares in the company, valued at approximately $183,815.10. The trade was a 95.13% decrease in their position. The disclosure for this sale can be found here. 0.13% of the stock is currently owned by company insiders.

Visa Company 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.