Scott & Selber Inc. Sells 254 Shares of Visa Inc. (NYSE:V)

Scott & Selber Inc. cut its holdings in Visa Inc. (NYSE:V) by 2.4% during the fourth quarter, Holdings Channel.com reports. The fund owned 10,548 shares of the credit-card processor’s stock after selling 254 shares during the period. Visa comprises about 1.0% of Scott & Selber Inc.’s holdings, making the stock its 29th largest holding. Scott & Selber Inc.’s holdings in Visa were worth $3,334,000 as of its most recent filing with the SEC.

Several other hedge funds also recently bought and sold shares of the company. Charles Schwab Investment Management Inc. raised its holdings in Visa by 6.2% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 12,241,003 shares of the credit-card processor’s stock worth $3,868,646,000 after purchasing an additional 718,558 shares during the period. Planning Alternatives Ltd. ADV acquired a new stake in Visa in the fourth quarter worth $215,000. State of Michigan Retirement System raised its holdings in Visa by 2.5% in the fourth quarter. State of Michigan Retirement System now owns 595,423 shares of the credit-card processor’s stock worth $188,177,000 after purchasing an additional 14,700 shares during the period. Tacita Capital Inc raised its holdings in Visa by 31.2% in the fourth quarter. Tacita Capital Inc now owns 584 shares of the credit-card processor’s stock worth $185,000 after purchasing an additional 139 shares during the period. Finally, WMG Financial Advisors LLC raised its holdings in Visa by 22.0% in the fourth quarter. WMG Financial Advisors LLC now owns 1,260 shares of the credit-card processor’s stock worth $398,000 after purchasing an additional 227 shares during the period. 82.15% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, General Counsel Julie B. Rottenberg sold 2,572 shares of the firm’s stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $340.00, for a total value of $874,480.00. Following the transaction, the general counsel now owns 11,925 shares in the company, valued at approximately $4,054,500. This trade represents a 17.74 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Ryan Mcinerney sold 8,620 shares of the firm’s stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $363.00, for a total transaction of $3,129,060.00. Following the completion of the transaction, the chief executive officer now owns 537 shares in the company, valued at $194,931. This represents a 94.14 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 64,505 shares of company stock valued at $22,290,507. 0.13% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several research firms have weighed in on V. Wells Fargo & Company increased their target price on shares of Visa from $360.00 to $395.00 and gave the stock an “overweight” rating in a report on Friday, January 31st. Seaport Res Ptn upgraded shares of Visa from a “hold” rating to a “strong-buy” rating in a report on Tuesday, January 14th. Oppenheimer restated an “outperform” rating on shares of Visa in a report on Thursday, February 13th. Bank of America raised their price objective on shares of Visa from $331.00 to $363.00 and gave the stock a “neutral” rating in a report on Friday, January 31st. Finally, UBS Group raised their price objective on shares of Visa from $350.00 to $400.00 and gave the stock a “buy” rating in a report on Friday, January 31st. Six research analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $353.96.

Visa Price Performance

V stock opened at $351.88 on Wednesday. The firm has a 50 day moving average of $334.54 and a 200-day moving average of $307.24. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.45. Visa Inc. has a 12 month low of $252.70 and a 12 month high of $366.54. The firm has a market capitalization of $653.71 billion, a P/E ratio of 35.47, a price-to-earnings-growth ratio of 2.33 and a beta of 0.95.

Visa (NYSE:V) last announced its earnings results on Thursday, January 30th. The credit-card processor reported $2.75 earnings per share for the quarter, beating analysts’ consensus estimates of $2.66 by $0.09. Visa had a net margin of 54.27% and a return on equity of 54.79%. As a group, sell-side analysts predict that Visa Inc. will post 11.3 earnings per share for the current fiscal year.

Visa Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Tuesday, February 11th were paid a dividend of $0.59 per share. This represents a $2.36 annualized dividend and a dividend yield of 0.67%. The ex-dividend date of this dividend was Tuesday, February 11th. Visa’s dividend payout ratio (DPR) is presently 23.79%.

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.