OneDigital Investment Advisors LLC Sells 18,696 Shares of Visa Inc. (NYSE:V)

OneDigital Investment Advisors LLC lowered its holdings in shares of Visa Inc. (NYSE:V - Free Report) by 29.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 45,382 shares of the credit-card processor's stock after selling 18,696 shares during the quarter. OneDigital Investment Advisors LLC's holdings in Visa were worth $14,343,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also modified their holdings of V. Norges Bank bought a new position in shares of Visa in the fourth quarter valued at approximately $5,171,271,000. Vanguard Group Inc. boosted its holdings in Visa by 4.6% during the fourth quarter. Vanguard Group Inc. now owns 159,405,343 shares of the credit-card processor's stock valued at $50,378,465,000 after acquiring an additional 7,079,706 shares during the period. Raymond James Financial Inc. bought a new position in shares of Visa in the fourth quarter worth about $1,955,403,000. Proficio Capital Partners LLC boosted its stake in Visa by 17,018.7% during the 4th quarter. Proficio Capital Partners LLC now owns 3,949,118 shares of the credit-card processor's stock valued at $1,248,079,000 after purchasing an additional 3,926,049 shares during the period. Finally, Sanders Capital LLC bought a new position in Visa in the 4th quarter worth approximately $623,022,000. Institutional investors and hedge funds own 82.15% of the company's stock.

Insiders Place Their Bets

In related news, CEO Ryan Mcinerney sold 8,620 shares of Visa stock in a transaction dated Tuesday, April 1st. The stock was sold at an average price of $350.44, for a total value of $3,020,792.80. Following the sale, the chief executive officer now owns 537 shares of the company's stock, valued at approximately $188,186.28. The trade was a 94.14 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Tullier Kelly Mahon sold 33,741 shares of the company's 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 sale, the insider now owns 36,566 shares in the company, 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. 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.

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. 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 current ratio of 1.12 and a quick ratio of 1.12. The business's fifty day moving average price is $339.57 and its 200 day moving average price is $321.41. 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%.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the stock. Oppenheimer reiterated an "outperform" rating on shares of Visa in a research note on Thursday, February 13th. JPMorgan Chase & Co. upped their target price on Visa from $340.00 to $375.00 and gave the company an "overweight" rating in a research note on Friday, January 31st. Evercore ISI started coverage on Visa in a report on Wednesday, April 9th. They issued an "in-line" rating and a $330.00 target price for the company. Bank of America upped their price target on Visa from $331.00 to $363.00 and gave the company a "neutral" rating in a research report on Friday, January 31st. Finally, The Goldman Sachs Group lifted their price objective on Visa from $346.00 to $384.00 and gave the company a "buy" rating in a report on Friday, January 31st. Seven research analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Visa has an average rating of "Moderate Buy" and a consensus target price of $355.84.

About Visa

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.