Nelson Capital Management LLC Has $7.57 Million Stake in Visa Inc. (NYSE:V)

Nelson Capital Management LLC reduced its position in Visa Inc. (NYSE:V) by 1.2% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 29,086 shares of the credit-card processor’s stock after selling 368 shares during the period. Visa accounts for approximately 1.7% of Nelson Capital Management LLC’s investment portfolio, making the stock its 16th largest holding. Nelson Capital Management LLC’s holdings in Visa were worth $7,573,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. State Street Corp boosted its position in shares of Visa by 3.7% in the 1st quarter. State Street Corp now owns 72,897,112 shares of the credit-card processor’s stock worth $16,435,339,000 after purchasing an additional 2,572,159 shares during the last quarter. Morgan Stanley boosted its position in shares of Visa by 13.0% in the 4th quarter. Morgan Stanley now owns 51,122,866 shares of the credit-card processor’s stock worth $10,621,287,000 after purchasing an additional 5,864,340 shares during the last quarter. FMR LLC boosted its position in shares of Visa by 4.7% in the 3rd quarter. FMR LLC now owns 50,357,747 shares of the credit-card processor’s stock worth $11,582,785,000 after purchasing an additional 2,257,605 shares during the last quarter. Moneta Group Investment Advisors LLC lifted its holdings in Visa by 116,608.6% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 24,504,130 shares of the credit-card processor’s stock worth $5,090,978,000 after acquiring an additional 24,483,134 shares in the last quarter. Finally, Northern Trust Corp lifted its holdings in Visa by 4.7% during the third quarter. Northern Trust Corp now owns 17,073,700 shares of the credit-card processor’s stock worth $3,927,122,000 after acquiring an additional 763,505 shares in the last quarter. 82.15% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts have weighed in on V shares. TD Cowen started coverage on Visa in a report on Thursday. They set a “buy” rating and a $320.00 target price on the stock. Mizuho reiterated a “neutral” rating and set a $265.00 target price on shares of Visa in a report on Wednesday, March 27th. Wedbush boosted their price target on Visa from $270.00 to $280.00 and gave the company an “outperform” rating in a report on Friday, January 26th. Wells Fargo & Company boosted their price target on Visa from $300.00 to $325.00 and gave the company an “overweight” rating in a report on Wednesday, March 6th. Finally, Redburn Atlantic restated a “neutral” rating and issued a $307.00 price target on shares of Visa in a report on Wednesday, March 27th. Five equities research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Visa has an average rating of “Moderate Buy” and a consensus target price of $296.87.

Visa Stock Up 0.1 %

NYSE V opened at $275.96 on Friday. The business has a fifty day moving average price of $280.13 and a two-hundred day moving average price of $261.47. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.45 and a quick ratio of 1.45. Visa Inc. has a fifty-two week low of $216.14 and a fifty-two week high of $290.96. The stock has a market capitalization of $506.80 billion, a PE ratio of 31.76, a PEG ratio of 1.90 and a beta of 0.96.

Visa (NYSE:V) last announced its quarterly earnings results on Thursday, January 25th. The credit-card processor reported $2.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.34 by $0.07. The company had revenue of $8.63 billion during the quarter, compared to the consensus estimate of $8.55 billion. Visa had a net margin of 53.92% and a return on equity of 50.02%. The company’s revenue for the quarter was up 9.3% compared to the same quarter last year. During the same period in the prior year, the business earned $2.18 earnings per share. Equities analysts expect that Visa Inc. will post 9.89 earnings per share for the current fiscal year.

Visa Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 1st. Investors of record on Friday, February 9th were issued a $0.52 dividend. The ex-dividend date was Thursday, February 8th. This represents a $2.08 dividend on an annualized basis and a yield of 0.75%. Visa’s payout ratio is 23.94%.

Insider Activity at Visa

In related news, insider Rajat Taneja sold 36,546 shares of the stock in a transaction on Friday, January 19th. The stock was sold at an average price of $270.20, for a total value of $9,874,729.20. Following the completion of the sale, the insider now directly owns 232,112 shares in the company, valued at $62,716,662.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other Visa news, insider Rajat Taneja sold 36,546 shares of the stock in a transaction dated Friday, January 19th. The stock was sold at an average price of $270.20, for a total transaction of $9,874,729.20. Following the completion of the sale, the insider now directly owns 232,112 shares in the company, valued at approximately $62,716,662.40. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Ryan Mcinerney sold 8,150 shares of the stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $273.39, for a total value of $2,228,128.50. The disclosure for this sale can be found here. Insiders sold 55,511 shares of company stock worth $15,131,081 over the last three months. Company insiders own 0.19% 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.