Orion Portfolio Solutions LLC Sells 7,551 Shares of Visa Inc. (NYSE:V)

Orion Portfolio Solutions LLC decreased its stake in shares of Visa Inc. (NYSE:V - Free Report) by 4.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 167,335 shares of the credit-card processor's stock after selling 7,551 shares during the period. Visa comprises about 0.5% of Orion Portfolio Solutions LLC's holdings, making the stock its 28th largest position. Orion Portfolio Solutions LLC's holdings in Visa were worth $52,885,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also bought and sold shares of the stock. Decker Retirement Planning Inc. bought a new position in shares of Visa in the fourth quarter valued at approximately $26,000. Bradley & Co. Private Wealth Management LLC bought a new position in Visa in the 4th quarter valued at $27,000. POM Investment Strategies LLC increased its position 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 purchasing an additional 32 shares during the last quarter. Modus Advisors LLC bought a new stake in shares of Visa during the 4th quarter worth $32,000. Finally, Compass Planning Associates Inc purchased a new position in shares of Visa in the 4th quarter worth about $32,000. Institutional investors own 82.15% of the company's stock.

Visa Price Performance

NYSE V traded up $2.51 during trading hours on Monday, reaching $345.36. 3,274,973 shares of the stock traded hands, compared to its average volume of 7,125,553. The stock has a 50 day simple moving average of $343.60 and a two-hundred day simple moving average of $315.49. Visa Inc. has a 1 year low of $252.70 and a 1 year high of $366.54. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.12 and a quick ratio of 1.12. The company has a market cap of $641.61 billion, a price-to-earnings ratio of 34.83, a price-to-earnings-growth ratio of 2.33 and a beta of 0.95.

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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 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%. On average, analysts predict that Visa Inc. will post 11.3 EPS for the current fiscal year.

Visa Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Tuesday, February 11th were issued a dividend of $0.59 per share. This represents a $2.36 annualized dividend and a dividend yield of 0.68%. The ex-dividend date of this dividend was Tuesday, February 11th. Visa's dividend payout ratio is currently 23.79%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the stock. Keefe, Bruyette & Woods reaffirmed a "hold" rating on shares of Visa in a report on Thursday, February 13th. Raymond James reissued an "outperform" rating and issued a $393.00 target price (up from $374.00) on shares of Visa in a research report on Friday, January 31st. Bank of America increased their price target on Visa from $331.00 to $363.00 and gave the stock a "neutral" rating in a research note on Friday, January 31st. Morgan Stanley boosted their price objective on Visa from $326.00 to $371.00 and gave the company an "overweight" rating in a research note on Wednesday, December 18th. Finally, The Goldman Sachs Group increased their target price on shares of Visa from $346.00 to $384.00 and gave the stock a "buy" rating in a research report on Friday, January 31st. Five equities research analysts have rated the stock with a hold rating, twenty-three have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $355.84.

Insider Buying and Selling

In other Visa news, insider Tullier Kelly Mahon sold 33,741 shares of the firm's stock in a transaction on 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. This trade represents a 47.99 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Ryan Mcinerney sold 8,620 shares of the business's stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $317.78, for a total transaction of $2,739,263.60. The disclosure for this sale can be found here. Insiders have sold a total of 143,205 shares of company stock worth $48,560,961 in the last 90 days. 0.13% of the stock is owned by company insiders.

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.