Visa Inc. $V Shares Sold by Nepsis Inc.

Nepsis Inc. trimmed its position in Visa Inc. (NYSE:V) by 13.6% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 46,017 shares of the credit-card processor’s stock after selling 7,255 shares during the period. Visa makes up about 5.0% of Nepsis Inc.’s holdings, making the stock its 6th biggest position. Nepsis Inc.’s holdings in Visa were worth $15,709,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Family Legacy Financial Solutions LLC purchased a new position in Visa during the second quarter worth about $28,000. Harbor Asset Planning Inc. acquired a new position in Visa during the 2nd quarter worth approximately $29,000. Sagard Holdings Management Inc. purchased a new position in shares of Visa during the 2nd quarter worth approximately $31,000. Bare Financial Services Inc lifted its holdings in shares of Visa by 287.0% in the 2nd quarter. Bare Financial Services Inc now owns 89 shares of the credit-card processor’s stock valued at $32,000 after buying an additional 66 shares during the period. Finally, Cranbrook Wealth Management LLC lifted its holdings in shares of Visa by 82.0% in the 2nd 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 during the period. Hedge funds and other institutional investors own 82.15% of the company’s stock.

Wall Street Analysts Forecast Growth

V has been the topic of a number of recent analyst reports. KeyCorp reaffirmed an “overweight” rating and set a $405.00 price objective on shares of Visa in a report on Wednesday, October 22nd. Evercore ISI set a $380.00 price target on shares of Visa in a research note on Friday, December 12th. Bank of America upgraded shares of Visa from a “neutral” rating to a “buy” rating and set a $382.00 price objective for the company in a research note on Thursday, December 11th. Raymond James Financial reissued an “outperform” rating and set a $408.00 price objective (up previously from $398.00) on shares of Visa in a report on Wednesday, October 29th. Finally, Robert W. Baird set a $425.00 target price on shares of Visa in a report on Wednesday, October 29th. Five analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, Visa presently has an average rating of “Buy” and a consensus price target of $402.52.

Visa Price Performance

Visa stock opened at $349.75 on Monday. The firm has a market capitalization of $637.15 billion, a PE ratio of 34.26, a P/E/G ratio of 2.06 and a beta of 0.81. Visa Inc. has a 52 week low of $299.00 and a 52 week high of $375.51. The firm’s 50-day simple moving average is $340.09 and its 200 day simple moving average is $344.13. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 0.53.

Visa (NYSE:V) last posted its earnings results on Tuesday, October 28th. The credit-card processor reported $2.98 earnings per share for the quarter, beating the consensus estimate of $2.97 by $0.01. The firm had revenue of $10.72 billion during the quarter, compared to the consensus estimate of $10.60 billion. Visa had a net margin of 50.15% and a return on equity of 60.31%. The firm’s revenue for the quarter was up 11.5% on a year-over-year basis. During the same period last year, the firm posted $2.71 EPS. On average, equities research analysts predict that Visa Inc. will post 11.3 EPS for the current fiscal year.

Visa Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 1st. Investors of record on Wednesday, November 12th were given a dividend of $0.67 per share. The ex-dividend date was Wednesday, November 12th. This represents a $2.68 annualized dividend and a dividend yield of 0.8%. This is an increase from Visa’s previous quarterly dividend of $0.59. Visa’s payout ratio is presently 26.25%.

Insider Activity at Visa

In related news, CEO Ryan Mcinerney sold 10,485 shares of the company’s stock in a transaction that occurred on Friday, January 2nd. The stock was sold at an average price of $349.18, for a total value of $3,661,152.30. Following the sale, the chief executive officer owned 9,401 shares of the company’s stock, valued at approximately $3,282,641.18. This represents a 52.73% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Paul D. Fabara sold 2,172 shares of the stock in a transaction on Friday, November 21st. The shares were sold at an average price of $325.93, for a total value of $707,919.96. Following the sale, the insider owned 26,413 shares in the company, valued at approximately $8,608,789.09. This trade represents a 7.60% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 24,042 shares of company stock valued at $8,247,289. 0.12% of the stock is owned by corporate insiders.

Visa Company Profile

Visa Inc is a global payments technology company that facilitates electronic funds transfers and digital commerce by connecting consumers, merchants, financial institutions and governments. The firm operates one of the world’s largest payment networks, providing processing, authorization, clearing and settlement services for credit, debit and prepaid card transactions. Visa’s network-based model enables partner banks and other issuers to offer branded payment products while Visa focuses on the infrastructure, standards and technologies that move money securely and efficiently around the world.

Visa’s product and service portfolio includes card-based payment products for consumers and businesses, real-time push-payment capabilities, tokenization and authentication services, fraud and risk-management tools, data analytics and APIs for fintech and merchant integration.