Narus Financial Partners LLC Lowers Stake in Visa Inc. (NYSE:V)

Narus Financial Partners LLC lessened its holdings in Visa Inc. (NYSE:V) by 5.3% in the 1st quarter, Holdings Channel.com reports. The firm owned 766 shares of the credit-card processor’s stock after selling 43 shares during the quarter. Narus Financial Partners LLC’s holdings in Visa were worth $214,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the business. Westend Capital Management LLC purchased a new stake in Visa in the 1st quarter worth $25,000. Livelsberger Financial Advisory acquired a new stake in Visa in the 4th quarter valued at about $25,000. O Brien Wealth Partners LLC acquired a new position in shares of Visa during the 4th quarter worth approximately $32,000. Frank Rimerman Advisors LLC purchased a new stake in shares of Visa in the fourth quarter valued at approximately $33,000. Finally, Valued Wealth Advisors LLC acquired a new stake in shares of Visa in the fourth quarter valued at approximately $37,000. Institutional investors and hedge funds own 82.15% of the company’s stock.

Visa Stock Performance

Shares of V stock traded up $2.29 during midday trading on Tuesday, hitting $265.53. The company had a trading volume of 2,866,431 shares, compared to its average volume of 6,787,270. Visa Inc. has a 52-week low of $227.68 and a 52-week high of $290.96. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.40 and a quick ratio of 1.40. The company’s 50 day simple moving average is $273.88 and its 200 day simple moving average is $273.58. The stock has a market cap of $485.64 billion, a price-to-earnings ratio of 29.55, a PEG ratio of 1.80 and a beta of 0.95.

Visa (NYSE:V) last released its quarterly earnings data on Tuesday, April 23rd. The credit-card processor reported $2.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.43 by $0.08. Visa had a return on equity of 51.23% and a net margin of 53.87%. The firm had revenue of $8.78 billion during the quarter, compared to analysts’ expectations of $8.62 billion. During the same quarter in the prior year, the business posted $2.09 earnings per share. Visa’s revenue was up 9.9% compared to the same quarter last year. Research analysts anticipate that Visa Inc. will post 9.94 earnings per share for the current fiscal year.

Visa Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, June 3rd. Stockholders of record on Friday, May 17th were given a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a dividend yield of 0.78%. The ex-dividend date of this dividend was Thursday, May 16th. Visa’s payout ratio is currently 23.24%.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the company. UBS Group boosted their price objective on Visa from $315.00 to $325.00 and gave the stock a “buy” rating in a research note on Wednesday, April 24th. Robert W. Baird boosted their price objective on Visa from $314.00 to $320.00 and gave the company an “outperform” rating in a report on Wednesday, April 17th. William Blair restated an “outperform” rating on shares of Visa in a report on Wednesday, April 24th. Mizuho boosted their price target on shares of Visa from $265.00 to $275.00 and gave the stock a “neutral” rating in a research note on Thursday, May 2nd. Finally, TD Cowen assumed coverage on shares of Visa in a report on Thursday, April 11th. They set a “buy” rating and a $320.00 target price on the stock. Five investment analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $303.56.

Insider Buying and Selling

In other news, Director Lloyd Carney sold 909 shares of the stock in a transaction dated Friday, April 26th. The shares were sold at an average price of $275.55, for a total transaction of $250,474.95. Following the transaction, the director now owns 2,591 shares of the company’s stock, valued at $713,950.05. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, insider Paul D. Fabara sold 25,293 shares of the company’s stock in a transaction dated Wednesday, May 15th. The shares were sold at an average price of $277.15, for a total transaction of $7,009,954.95. Following the completion of the transaction, the insider now owns 17,894 shares in the company, valued at $4,959,322.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Lloyd Carney sold 909 shares of the business’s stock in a transaction that occurred on Friday, April 26th. The stock was sold at an average price of $275.55, for a total value of $250,474.95. Following the transaction, the director now owns 2,591 shares of the company’s stock, valued at $713,950.05. The disclosure for this sale can be found here. Insiders own 0.19% of the company’s stock.

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.