D.A. Davidson & CO. Sells 4,779 Shares of Visa Inc. (NYSE:V)

D.A. Davidson & CO. lowered its stake in Visa Inc. (NYSE:V - Free Report) by 1.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 346,592 shares of the credit-card processor's stock after selling 4,779 shares during the period. Visa accounts for 0.9% of D.A. Davidson & CO.'s portfolio, making the stock its 20th largest position. D.A. Davidson & CO.'s holdings in Visa were worth $109,537,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently bought and sold shares of the company. Peterson Financial Group Inc. acquired a new position in Visa in the third quarter valued at approximately $26,000. Decker Retirement Planning Inc. acquired a new position in shares of Visa in the 4th quarter valued at $26,000. Reston Wealth Management LLC acquired a new position in shares of Visa in the 3rd quarter valued at $31,000. POM Investment Strategies LLC lifted its stake in shares of 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 period. Finally, Modus Advisors LLC acquired a new position in shares of Visa in the 4th quarter valued at $32,000. Institutional investors own 82.15% of the company's stock.

Insider Buying and Selling

In related news, CAO Peter M. Andreski sold 2,332 shares of Visa stock in a transaction dated Friday, February 7th. The stock was sold at an average price of $349.62, for a total transaction of $815,313.84. Following the completion of the transaction, the chief accounting officer now owns 4,488 shares in the company, valued at approximately $1,569,094.56. This trade represents a 34.19 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Tullier Kelly Mahon sold 33,741 shares of Visa stock in a transaction dated Friday, February 7th. The stock was sold at an average price of $349.77, for a total value of $11,801,589.57. Following the transaction, the insider now owns 36,566 shares of the company's stock, valued at $12,789,689.82. The trade was a 47.99 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 55,885 shares of company stock worth $19,161,447. Company insiders own 0.13% of the company's stock.

Analyst Upgrades and Downgrades

V has been the topic of a number of analyst reports. Jefferies Financial Group increased their price target on Visa from $320.00 to $330.00 and gave the company a "buy" rating in a research note on Wednesday, October 30th. Keefe, Bruyette & Woods increased their price target on Visa from $360.00 to $400.00 and gave the company an "outperform" rating in a research note on Friday, January 31st. Mizuho increased their price target on Visa from $279.00 to $292.00 and gave the company a "neutral" rating in a research note on Friday, November 1st. Wells Fargo & Company increased their price target on Visa from $360.00 to $395.00 and gave the company an "overweight" rating in a research note on Friday, January 31st. Finally, Piper Sandler restated an "overweight" rating and issued a $383.00 price objective (up previously from $368.00) on shares of Visa in a research report on Friday, January 31st. Four research analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $355.31.

Visa Stock Down 0.4 %

Shares of NYSE:V traded down $1.45 during midday trading on Friday, reaching $349.04. The company had a trading volume of 3,789,798 shares, compared to its average volume of 5,653,773. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.45. The business's 50 day moving average price is $328.47 and its 200 day moving average price is $301.39. The stock has a market cap of $648.43 billion, a PE ratio of 35.10, a P/E/G ratio of 2.36 and a beta of 0.97. Visa Inc. has a 1-year low of $252.70 and a 1-year high of $357.15.

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

Visa Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 3rd. Investors of record on Tuesday, February 11th will be issued a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a yield of 0.68%. The ex-dividend date of this dividend is Tuesday, February 11th. Visa's payout ratio is currently 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.