REDW Wealth LLC Sells 124 Shares of Visa Inc. (NYSE:V)

REDW Wealth LLC lowered its stake in shares of Visa Inc. (NYSE:V) by 3.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 3,318 shares of the credit-card processor’s stock after selling 124 shares during the period. REDW Wealth LLC’s holdings in Visa were worth $864,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Hibernia Wealth Partners LLC bought a new position in Visa during the third quarter worth about $25,000. Altshuler Shaham Ltd purchased a new stake in shares of Visa during the 3rd quarter valued at approximately $25,000. O Brien Wealth Partners LLC bought a new position in Visa in the 4th quarter worth approximately $32,000. Nalls Sherbakoff Group LLC grew its stake in Visa by 545.5% in the 3rd quarter. Nalls Sherbakoff Group LLC now owns 142 shares of the credit-card processor’s stock valued at $33,000 after buying an additional 120 shares in the last quarter. Finally, Valued Wealth Advisors LLC bought a new stake in Visa during the 4th quarter valued at $37,000. Institutional investors own 82.15% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on V. Barclays raised their price target on Visa from $304.00 to $319.00 and gave the stock an “overweight” rating in a report on Monday, January 29th. Susquehanna increased their price objective on Visa from $300.00 to $326.00 and gave the stock a “positive” rating in a report on Friday, January 26th. Keefe, Bruyette & Woods lifted their target price on Visa from $305.00 to $315.00 and gave the company an “outperform” rating in a report on Friday, January 26th. Wedbush upped their price target on Visa from $270.00 to $280.00 and gave the company an “outperform” rating in a research report on Friday, January 26th. Finally, Evercore ISI raised their price objective on shares of Visa from $325.00 to $335.00 and gave the company an “outperform” rating in a research report on Tuesday, March 26th. Five equities research analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Visa currently has an average rating of “Moderate Buy” and a consensus price target of $296.87.

Visa Price Performance

Shares of Visa stock opened at $275.54 on Friday. The stock has a market capitalization of $506.03 billion, a price-to-earnings ratio of 31.71, a price-to-earnings-growth ratio of 1.90 and a beta of 0.96. The company has a fifty day moving average of $280.15 and a 200-day moving average of $261.17. Visa Inc. has a 52-week low of $216.14 and a 52-week high of $290.96. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.45 and a current ratio of 1.45.

Visa (NYSE:V) last announced its quarterly earnings data on Thursday, January 25th. The credit-card processor reported $2.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.34 by $0.07. The firm had revenue of $8.63 billion for the quarter, compared to analysts’ expectations of $8.55 billion. Visa had a return on equity of 50.02% and a net margin of 53.92%. The company’s revenue for the quarter was up 9.3% compared to the same quarter last year. During the same period last year, the firm earned $2.18 earnings per share. Equities research analysts expect that Visa Inc. will post 9.89 EPS for the current year.

Visa Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 1st. Stockholders of record on Friday, February 9th were issued a $0.52 dividend. This represents a $2.08 annualized dividend and a dividend yield of 0.75%. The ex-dividend date of this dividend was Thursday, February 8th. Visa’s dividend payout ratio is 23.94%.

Insider Buying and Selling

In other Visa news, insider Rajat Taneja sold 36,546 shares of the stock in a transaction on Friday, January 19th. The shares were sold at an average price of $270.20, for a total transaction of $9,874,729.20. Following the completion of the sale, the insider now owns 232,112 shares of the company’s stock, valued at approximately $62,716,662.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In related news, insider Rajat Taneja sold 36,546 shares of the business’s stock in a transaction dated Friday, January 19th. The stock was sold at an average price of $270.20, for a total transaction of $9,874,729.20. Following the transaction, the insider now owns 232,112 shares in the company, valued at approximately $62,716,662.40. The sale was disclosed in a document filed with the SEC, 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 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 a total of 55,511 shares of company stock valued at $15,131,081 over the last three months. 0.19% of the stock is 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.