Nippon Life Global Investors Americas Inc. Sells 1,320 Shares of Visa Inc. (NYSE:V)

Nippon Life Global Investors Americas Inc. reduced its holdings in Visa Inc. (NYSE:V - Free Report) by 19.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 5,370 shares of the credit-card processor's stock after selling 1,320 shares during the period. Nippon Life Global Investors Americas Inc.'s holdings in Visa were worth $1,697,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of V. Decker Retirement Planning Inc. acquired a new position in shares of Visa in the 4th quarter worth approximately $26,000. Bradley & Co. Private Wealth Management LLC acquired a new position in shares of Visa in the 4th quarter worth approximately $27,000. POM Investment Strategies LLC increased its holdings in 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 purchasing an additional 32 shares in the last quarter. Modus Advisors LLC acquired a new position in Visa in the fourth quarter worth $32,000. Finally, Compass Planning Associates Inc bought a new stake in shares of Visa during the fourth quarter worth $32,000. 82.15% of the stock is currently owned by institutional investors and hedge funds.

Visa Stock Up 0.9 %

V traded up $3.09 during trading on Wednesday, reaching $334.49. The company had a trading volume of 8,905,168 shares, compared to its average volume of 7,227,168. The business's fifty day moving average price is $339.19 and its 200 day moving average price is $321.50. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.12 and a quick ratio of 1.12. Visa Inc. has a 12 month low of $252.70 and a 12 month high of $366.54. The company has a market cap of $621.40 billion, a P/E ratio of 33.72, a PEG ratio of 2.33 and a beta of 0.94.

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, topping 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%. Equities analysts anticipate that Visa Inc. will post 11.3 EPS for the current year.

Visa Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Tuesday, February 11th were paid a $0.59 dividend. This represents a $2.36 annualized dividend and a yield of 0.71%. The ex-dividend date was Tuesday, February 11th. Visa's payout ratio is 23.79%.

Insiders Place Their Bets

In other news, insider Tullier Kelly Mahon sold 33,741 shares of Visa 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 completion of the transaction, the insider now owns 36,566 shares of the company's stock, valued at $12,789,689.82. This trade represents a 47.99 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Ryan Mcinerney sold 8,620 shares of the company's stock in a transaction dated Tuesday, April 1st. The shares were sold at an average price of $350.44, for a total transaction of $3,020,792.80. Following the completion of the sale, the chief executive officer now directly owns 537 shares in the company, valued at approximately $188,186.28. The trade was a 94.14 % 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 valued at $48,842,490 in the last quarter. 0.13% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of research firms recently issued reports on V. JPMorgan Chase & Co. lifted their price target on Visa from $340.00 to $375.00 and gave the company an "overweight" rating in a report on Friday, January 31st. StockNews.com lowered Visa from a "buy" rating to a "hold" rating in a research note on Wednesday, April 16th. Piper Sandler reiterated an "overweight" rating and issued a $383.00 price objective (up from $368.00) on shares of Visa in a research report on Friday, January 31st. UBS Group upped their target price on shares of Visa from $350.00 to $400.00 and gave the company a "buy" rating in a research report on Friday, January 31st. Finally, William Blair reiterated an "outperform" rating on shares of Visa in a research report on Friday, January 31st. Seven analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, Visa currently has an average rating of "Moderate Buy" and an average price target of $355.84.

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.