Visa Inc. (NYSE:V) Shares Sold by Grandfield & Dodd LLC

Grandfield & Dodd LLC lessened its holdings in Visa Inc. (NYSE:V) by 8.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 3,544 shares of the credit-card processor’s stock after selling 310 shares during the period. Grandfield & Dodd LLC’s holdings in Visa were worth $923,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also modified their holdings of the business. Altshuler Shaham Ltd purchased a new stake in shares of Visa in the 3rd quarter valued at $25,000. O Brien Wealth Partners LLC purchased a new stake in shares of Visa in the 4th quarter valued at $32,000. Nalls Sherbakoff Group LLC raised its holdings in shares of 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 during the period. Valued Wealth Advisors LLC purchased a new stake in shares of Visa in the 4th quarter valued at $37,000. Finally, Financial Freedom LLC purchased a new stake in shares of Visa in the 4th quarter valued at $32,000. Institutional investors and hedge funds own 82.15% of the company’s stock.

Visa Stock Down 0.6 %

Shares of NYSE V opened at $269.78 on Monday. Visa Inc. has a 52-week low of $216.14 and a 52-week high of $290.96. The business has a 50-day moving average price of $279.58 and a 200 day moving average price of $263.35. The company has a quick ratio of 1.45, a current ratio of 1.45 and a debt-to-equity ratio of 0.54. The stock has a market cap of $495.45 billion, a PE ratio of 31.04, a price-to-earnings-growth ratio of 1.86 and a beta of 0.96.

Visa (NYSE:V) last posted its quarterly earnings data on Thursday, January 25th. The credit-card processor reported $2.41 earnings per share for the quarter, topping 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 firm earned $2.18 EPS. The firm’s revenue for the quarter was up 9.3% on a year-over-year basis. Equities research analysts forecast that Visa Inc. will post 9.88 earnings per share for the current year.

Visa Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 1st. Shareholders of record on Friday, February 9th were given a dividend of $0.52 per share. The ex-dividend date was Thursday, February 8th. This represents a $2.08 dividend on an annualized basis and a yield of 0.77%. Visa’s payout ratio is 23.94%.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the company. Royal Bank of Canada boosted their price objective on Visa from $290.00 to $309.00 and gave the company an “outperform” rating in a report on Friday, January 26th. Raymond James boosted their price objective on Visa from $287.00 to $311.00 and gave the company an “outperform” rating in a report on Friday, January 26th. Robert W. Baird upped their price target on Visa from $314.00 to $320.00 and gave the stock an “outperform” rating in a report on Wednesday, April 17th. Citigroup upped their price target on Visa from $296.00 to $306.00 and gave the stock a “buy” rating in a report on Thursday, January 18th. Finally, Evercore ISI upped their price target on Visa from $325.00 to $335.00 and gave the stock an “outperform” rating in a report on Tuesday, March 26th. Five research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $298.43.

Insiders Place Their Bets

In other Visa news, CEO Ryan Mcinerney sold 8,200 shares of the stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $280.36, for a total transaction of $2,298,952.00. Following the completion of the sale, the chief executive officer now directly owns 538 shares of the company’s stock, valued at approximately $150,833.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, CAO Peter M. Andreski sold 2,615 shares of the firm’s stock in a transaction that occurred on Wednesday, February 7th. The stock was sold at an average price of $278.88, for a total value of $729,271.20. Following the completion of the sale, the chief accounting officer now directly owns 4,898 shares of the company’s stock, valued at approximately $1,365,954.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Ryan Mcinerney sold 8,200 shares of the firm’s stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $280.36, for a total value of $2,298,952.00. Following the completion of the sale, the chief executive officer now directly owns 538 shares of the company’s stock, valued at $150,833.68. The disclosure for this sale can be found here. In the last ninety days, insiders sold 18,965 shares of company stock valued at $5,256,352. 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.