Financial Management Network Inc. Sells 858 Shares of Visa Inc. (NYSE:V)

Financial Management Network Inc. trimmed its position in shares of Visa Inc. (NYSE:V - Free Report) by 4.3% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 19,269 shares of the credit-card processor's stock after selling 858 shares during the period. Visa accounts for 1.3% of Financial Management Network Inc.'s investment portfolio, making the stock its 22nd biggest holding. Financial Management Network Inc.'s holdings in Visa were worth $6,068,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in V. Peterson Financial Group Inc. purchased a new position in Visa during the 3rd quarter worth approximately $26,000. Decker Retirement Planning Inc. purchased a new position in shares of Visa during the 4th quarter valued at $26,000. Reston Wealth Management LLC purchased a new position in shares of Visa during the 3rd quarter valued at $31,000. POM Investment Strategies LLC grew its holdings in shares of Visa by 48.5% during the 4th quarter. POM Investment Strategies LLC now owns 98 shares of the credit-card processor's stock valued at $31,000 after acquiring an additional 32 shares in the last quarter. Finally, Modus Advisors LLC purchased a new position in shares of Visa during the 4th quarter valued at $32,000. 82.15% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

V has been the topic of several research analyst reports. Susquehanna boosted their price target on shares of Visa from $395.00 to $410.00 and gave the company a "positive" rating in a report on Friday. Oppenheimer restated an "outperform" rating on shares of Visa in a report on Thursday, February 13th. Keefe, Bruyette & Woods restated a "hold" rating on shares of Visa in a report on Thursday, February 13th. Seaport Res Ptn upgraded shares of Visa from a "hold" rating to a "strong-buy" rating in a report on Tuesday, January 14th. Finally, BMO Capital Markets boosted their price target on shares of Visa from $310.00 to $320.00 and gave the company an "outperform" rating in a report on Wednesday, October 30th. Six research analysts have rated the stock with a hold rating, twenty-three have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $353.96.

Insider Activity

In related news, insider Tullier Kelly Mahon sold 33,741 shares of the company's stock in a transaction dated Friday, February 7th. The shares were sold at an average price of $349.77, for a total value of $11,801,589.57. Following the sale, 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 ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CAO Peter M. Andreski sold 2,332 shares of the company's stock in a transaction dated Friday, February 7th. The shares were sold at an average price of $349.62, for a total transaction of $815,313.84. Following the completion of the sale, the chief accounting officer now directly owns 4,488 shares in the company, valued at approximately $1,569,094.56. The trade was a 34.19 % 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 valued at $19,161,447. Insiders own 0.13% of the company's stock.

Visa Stock Performance

Visa stock traded down $2.22 on Friday, reaching $348.27. 6,910,504 shares of the stock were exchanged, compared to its average volume of 5,472,298. The stock has a market cap of $647.01 billion, a PE ratio of 35.11, a PEG ratio of 2.33 and a beta of 0.97. 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 twelve month low of $252.70 and a twelve month high of $357.15. The firm has a fifty day moving average price of $329.14 and a two-hundred day moving average price of $302.03.

Visa (NYSE:V - Get Free Report) last announced its quarterly earnings data on Thursday, January 30th. The credit-card processor reported $2.75 EPS 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%. Sell-side analysts anticipate that Visa Inc. will post 11.3 EPS for the current year.

Visa Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 3rd. Stockholders of record on Tuesday, February 11th will be given a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a dividend yield of 0.68%. The ex-dividend date is Tuesday, February 11th. Visa's dividend payout ratio is currently 23.79%.

Visa Company 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.