AlphaQ Advisors LLC Decreases Stock Holdings in Visa Inc. (NYSE:V)

AlphaQ Advisors LLC decreased its holdings in shares of Visa Inc. (NYSE:V) by 36.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,645 shares of the credit-card processor’s stock after selling 2,660 shares during the period. AlphaQ Advisors LLC’s holdings in Visa were worth $1,209,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Hibernia Wealth Partners LLC acquired a new position in Visa in the 3rd quarter valued at $25,000. Altshuler Shaham Ltd acquired a new position in Visa in the 3rd quarter valued at $25,000. O Brien Wealth Partners LLC acquired a new position in Visa in the 4th quarter valued at $32,000. Financial Freedom LLC acquired a new position in Visa in the 4th quarter valued at $32,000. Finally, Nalls Sherbakoff Group LLC raised 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 purchasing an additional 120 shares during the last quarter. Hedge funds and other institutional investors own 82.15% of the company’s stock.

Visa Stock Performance

Shares of Visa stock opened at $275.96 on Monday. The business has a 50-day moving average of $280.13 and a 200 day moving average of $261.92. Visa Inc. has a 12 month low of $216.14 and a 12 month high of $290.96. The stock has a market capitalization of $506.80 billion, a price-to-earnings ratio of 31.76, a price-to-earnings-growth ratio of 1.91 and a beta of 0.96. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.45 and a quick ratio of 1.45.

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

Visa Dividend Announcement

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

Analyst Ratings Changes

V has been the subject of several recent research reports. Keefe, Bruyette & Woods increased their price objective on Visa from $305.00 to $315.00 and gave the company an “outperform” rating in a research note on Friday, January 26th. Raymond James raised their target price on Visa from $287.00 to $311.00 and gave the stock an “outperform” rating in a research note on Friday, January 26th. Monness Crespi & Hardt started coverage on Visa in a research note on Wednesday, December 20th. They issued a “neutral” rating for the company. Barclays raised their target price on Visa from $304.00 to $319.00 and gave the stock an “overweight” rating in a research note on Monday, January 29th. Finally, William Blair reaffirmed an “outperform” rating on shares of Visa in a research note on Friday, January 26th. Five research analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, Visa currently has an average rating of “Moderate Buy” and an average price target of $296.87.

Insider Activity at Visa

In other news, insider Rajat Taneja sold 36,546 shares of Visa stock in a transaction dated Friday, January 19th. The stock was sold at an average price of $270.20, for a total value of $9,874,729.20. Following the completion of 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 Securities & Exchange Commission, which is accessible through this link. In other news, CEO Ryan Mcinerney sold 8,200 shares of Visa stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $280.36, for a total value of $2,298,952.00. Following the completion of the transaction, the chief executive officer now owns 538 shares in the company, valued at approximately $150,833.68. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Rajat Taneja sold 36,546 shares of Visa stock in a transaction dated Friday, January 19th. The shares were sold at an average price of $270.20, for a total value of $9,874,729.20. Following the completion of the transaction, the insider now owns 232,112 shares of the company’s stock, valued at approximately $62,716,662.40. The disclosure for this sale can be found here. Insiders sold 55,511 shares of company stock worth $15,131,081 in the last three months. 0.19% of the stock is 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.