Cynosure Group LLC Sells 948 Shares of Visa Inc. (NYSE:V)

Cynosure Group LLC trimmed its holdings in shares of Visa Inc. (NYSE:V - Free Report) by 38.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,526 shares of the credit-card processor's stock after selling 948 shares during the period. Cynosure Group LLC's holdings in Visa were worth $482,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Decker Retirement Planning Inc. acquired a new stake in Visa in the fourth quarter valued at $26,000. Bradley & Co. Private Wealth Management LLC acquired a new stake in Visa in the 4th quarter valued at about $27,000. POM Investment Strategies LLC lifted its stake in Visa by 48.5% in the 4th quarter. POM Investment Strategies LLC now owns 98 shares of the credit-card processor's stock valued at $31,000 after purchasing an additional 32 shares during the last quarter. Modus Advisors LLC bought a new position in Visa during the fourth quarter worth about $32,000. Finally, Compass Planning Associates Inc acquired a new position in Visa during the fourth quarter worth approximately $32,000. Institutional investors own 82.15% of the company's stock.

Visa Price Performance

Shares of Visa stock traded down $7.19 during midday trading on Thursday, hitting $339.14. 8,786,063 shares of the company traded hands, compared to its average volume of 7,173,310. The firm's fifty day moving average price is $345.36 and its 200-day moving average price is $316.73. The stock has a market cap of $630.04 billion, a price-to-earnings ratio of 34.19, a PEG ratio of 2.33 and a beta of 0.94. Visa Inc. has a 12 month low of $252.70 and a 12 month high of $366.54. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.12 and a current ratio of 1.12.

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

Visa Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Tuesday, February 11th were paid a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a dividend yield of 0.70%. The ex-dividend date of this dividend was Tuesday, February 11th. Visa's dividend payout ratio is currently 23.79%.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the company. Keefe, Bruyette & Woods reissued a "hold" rating on shares of Visa in a report on Thursday, February 13th. Barclays upped their price objective on shares of Visa from $361.00 to $396.00 and gave the company an "overweight" rating in a report on Monday, February 3rd. UBS Group raised their target price on shares of Visa from $350.00 to $400.00 and gave the stock a "buy" rating in a research note on Friday, January 31st. Wells Fargo & Company upped their price target on shares of Visa from $360.00 to $395.00 and gave the company an "overweight" rating in a research note on Friday, January 31st. Finally, Raymond James restated an "outperform" rating and set a $393.00 price objective (up from $374.00) on shares of Visa in a research report on Friday, January 31st. Five equities research analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Visa currently has a consensus rating of "Moderate Buy" and a consensus price target of $355.84.

Insider Transactions at Visa

In other Visa news, insider Paul D. Fabara sold 39,350 shares of the stock in a transaction that occurred on Friday, March 14th. The stock was sold at an average price of $327.20, for a total transaction of $12,875,320.00. Following the transaction, the insider now directly owns 26,413 shares in the company, valued at approximately $8,642,333.60. This represents a 59.84 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Peter M. Andreski sold 2,332 shares of the stock in a transaction on Friday, February 7th. The stock was sold at an average price of $349.62, for a total transaction of $815,313.84. Following the transaction, the chief accounting officer now directly owns 4,488 shares in the company, valued at approximately $1,569,094.56. This represents a 34.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 143,205 shares of company stock worth $48,842,490 over the last three months. 0.13% of the stock is owned by company insiders.

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.