Visa Inc. (NYSE:V) Shares Sold by Federated Hermes Inc.

Federated Hermes Inc. reduced its holdings in Visa Inc. (NYSE:V) by 14.6% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 731,787 shares of the credit-card processor’s stock after selling 125,362 shares during the quarter. Federated Hermes Inc.’s holdings in Visa were worth $190,521,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of the business. Wright Investors Service Inc. lifted its position in shares of Visa by 4.4% in the 4th quarter. Wright Investors Service Inc. now owns 16,689 shares of the credit-card processor’s stock worth $4,345,000 after buying an additional 707 shares during the last quarter. Peterson Wealth Services boosted its stake in Visa by 2.9% during the 4th quarter. Peterson Wealth Services now owns 19,909 shares of the credit-card processor’s stock valued at $5,183,000 after purchasing an additional 560 shares during the period. HF Advisory Group LLC boosted its stake in Visa by 19.3% during the 4th quarter. HF Advisory Group LLC now owns 7,899 shares of the credit-card processor’s stock valued at $2,057,000 after purchasing an additional 1,280 shares during the period. Livforsakringsbolaget Skandia Omsesidigt boosted its stake in Visa by 3.9% during the 4th quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 40,224 shares of the credit-card processor’s stock valued at $10,472,000 after purchasing an additional 1,502 shares during the period. Finally, Daiwa Securities Group Inc. boosted its stake in Visa by 6.6% during the 4th quarter. Daiwa Securities Group Inc. now owns 252,523 shares of the credit-card processor’s stock valued at $65,744,000 after purchasing an additional 15,689 shares during the period. 82.15% of the stock is currently owned by institutional investors.

Insider Activity

In other news, CEO Ryan Mcinerney sold 8,150 shares of the business’s stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $273.39, for a total transaction of $2,228,128.50. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In other news, CEO Ryan Mcinerney sold 8,150 shares of the business’s stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $273.39, for a total transaction of $2,228,128.50. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CAO Peter M. Andreski sold 2,615 shares of the business’s stock in a transaction that occurred on Wednesday, February 7th. The shares were sold at an average price of $278.88, for a total transaction of $729,271.20. Following the sale, the chief accounting officer now owns 4,898 shares in the company, valued at approximately $1,365,954.24. The disclosure for this sale can be found here. Insiders have sold 18,965 shares of company stock worth $5,256,352 over the last 90 days. 0.19% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of research analysts have issued reports on the stock. William Blair reissued an “outperform” rating on shares of Visa in a research note on Friday, January 26th. Redburn Atlantic reissued a “neutral” rating and set a $307.00 target price on shares of Visa in a research note on Wednesday, March 27th. Royal Bank of Canada boosted their target price on shares of Visa from $290.00 to $309.00 and gave the company an “outperform” rating in a research note on Friday, January 26th. Raymond James boosted their target price on shares of Visa from $287.00 to $311.00 and gave the company an “outperform” rating in a research note on Friday, January 26th. Finally, Wells Fargo & Company upped their price target on shares of Visa from $300.00 to $325.00 and gave the stock an “overweight” rating in a research note on Wednesday, March 6th. Five investment analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Visa currently has a consensus rating of “Moderate Buy” and an average price target of $298.43.

Visa Stock Down 0.6 %

NYSE V opened at $269.71 on Friday. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.45 and a quick ratio of 1.45. The company’s 50 day simple moving average is $279.58 and its 200 day simple moving average is $262.89. Visa Inc. has a 12 month low of $216.14 and a 12 month high of $290.96. The company has a market capitalization of $495.33 billion, a P/E ratio of 31.04, a PEG ratio of 1.87 and a beta of 0.96.

Visa (NYSE:V) last released its earnings results on Thursday, January 25th. The credit-card processor reported $2.41 EPS for the quarter, topping analysts’ consensus estimates of $2.34 by $0.07. Visa had a net margin of 53.92% and a return on equity of 50.02%. The business had revenue of $8.63 billion for the quarter, compared to the consensus estimate of $8.55 billion. During the same period in the previous year, the firm earned $2.18 EPS. The business’s revenue for the quarter was up 9.3% on a year-over-year basis. Equities research analysts expect that Visa Inc. will post 9.88 earnings per share for the current fiscal year.

Visa Announces Dividend

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

About Visa

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.