Rosenblum Silverman Sutton S F Inc. CA Reduces Position in Visa Inc. (NYSE:V)

Rosenblum Silverman Sutton S F Inc. CA decreased its position in shares of Visa Inc. (NYSE:V - Free Report) by 2.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 59,918 shares of the credit-card processor's stock after selling 1,735 shares during the period. Visa accounts for approximately 4.8% of Rosenblum Silverman Sutton S F Inc. CA's portfolio, making the stock its 4th biggest position. Rosenblum Silverman Sutton S F Inc. CA's holdings in Visa were worth $18,936,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of V. Landscape Capital Management L.L.C. grew its position in Visa by 16.0% in the fourth quarter. Landscape Capital Management L.L.C. now owns 29,317 shares of the credit-card processor's stock worth $9,265,000 after acquiring an additional 4,050 shares in the last quarter. Thoroughbred Financial Services LLC lifted its position in shares of Visa by 1.2% in the fourth quarter. Thoroughbred Financial Services LLC now owns 39,295 shares of the credit-card processor's stock worth $12,418,000 after buying an additional 464 shares during the last quarter. Resolute Advisors LLC bought a new stake in shares of Visa during the 4th quarter worth about $236,000. Yoffe Investment Management LLC bought a new position in shares of Visa in the 4th quarter valued at approximately $1,086,000. Finally, Annis Gardner Whiting Capital Advisors LLC boosted its position in Visa by 1.4% during the fourth quarter. Annis Gardner Whiting Capital Advisors LLC now owns 6,662 shares of the credit-card processor's stock worth $2,106,000 after purchasing an additional 92 shares during the period. Hedge funds and other institutional investors own 82.15% of the company's stock.

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Analyst Upgrades and Downgrades

A number of research firms have recently commented on V. Morgan Stanley lifted their price target on shares of Visa from $326.00 to $371.00 and gave the company an "overweight" rating in a research report on Wednesday, December 18th. Bank of America lifted their target price on shares of Visa from $331.00 to $363.00 and gave the stock a "neutral" rating in a report on Friday, January 31st. Susquehanna restated a "positive" rating on shares of Visa in a report on Friday, March 21st. Seaport Res Ptn upgraded Visa from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, January 14th. Finally, JPMorgan Chase & Co. increased 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. Five investment 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 stock. According to MarketBeat, Visa currently has a consensus rating of "Moderate Buy" and an average target price of $355.84.

Visa Trading Down 7.6 %

Visa stock traded down $25.93 during mid-day trading on Friday, hitting $313.46. The stock had a trading volume of 13,195,055 shares, compared to its average volume of 7,221,128. The stock has a 50-day simple moving average of $345.02 and a two-hundred day simple moving average of $317.07. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.45. The stock has a market capitalization of $582.34 billion, a PE ratio of 31.60, a P/E/G ratio of 2.33 and a beta of 0.94. Visa Inc. has a 12 month low of $252.70 and a 12 month high of $366.54.

Visa (NYSE:V - Get Free Report) last released its earnings results on Thursday, January 30th. The credit-card processor reported $2.75 EPS for the quarter, topping 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%. As a group, sell-side analysts forecast that Visa Inc. will post 11.3 EPS for the current year.

Visa Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Tuesday, February 11th were issued a $0.59 dividend. This represents a $2.36 annualized dividend and a dividend yield of 0.75%. The ex-dividend date was Tuesday, February 11th. Visa's dividend payout ratio (DPR) is presently 23.79%.

Insider Transactions at Visa

In other news, General Counsel Julie B. Rottenberg sold 2,572 shares of the company's stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $340.00, for a total transaction of $874,480.00. Following the sale, the general counsel now owns 11,925 shares in the company, valued at $4,054,500. This represents a 17.74 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CAO Peter M. Andreski sold 2,332 shares of the stock in a transaction that occurred on Friday, February 7th. The shares were sold at an average price of $349.62, for a total value of $815,313.84. Following the completion of the sale, the chief accounting officer now directly owns 4,488 shares of the company's stock, 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. Insiders sold 143,205 shares of company stock valued at $48,842,490 over the last quarter. Corporate insiders own 0.13% of the company's stock.

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.