Visa Inc. (NYSE:V) Shares Sold by Value Partners Investments Inc.

Value Partners Investments Inc. trimmed its stake in Visa Inc. (NYSE:V) by 3.2% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 7,695 shares of the credit-card processor’s stock after selling 256 shares during the quarter. Value Partners Investments Inc.’s holdings in Visa were worth $2,003,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the stock. Hibernia Wealth Partners LLC purchased a new position in shares of Visa during the third quarter valued at $25,000. Altshuler Shaham Ltd purchased a new position in shares of Visa during the third quarter valued at $25,000. O Brien Wealth Partners LLC purchased a new position in shares of Visa during the fourth quarter valued at $32,000. Financial Freedom LLC purchased a new position in shares of Visa during the fourth quarter valued at $32,000. Finally, Nalls Sherbakoff Group LLC grew its holdings in shares of Visa by 545.5% during the third quarter. Nalls Sherbakoff Group LLC now owns 142 shares of the credit-card processor’s stock valued at $33,000 after buying an additional 120 shares in the last quarter. 82.15% of the stock is currently owned by institutional investors and hedge funds.

Visa Price Performance

Shares of NYSE:V opened at $275.96 on Friday. Visa Inc. has a fifty-two week low of $216.14 and a fifty-two week high of $290.96. The business has a 50-day moving average of $280.13 and a two-hundred day moving average of $261.47. The stock has a market capitalization of $506.80 billion, a P/E ratio of 31.76, a P/E/G ratio of 1.90 and a beta of 0.96. 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 (NYSE:V) last announced its quarterly earnings results on Thursday, January 25th. The credit-card processor reported $2.41 earnings per share for the quarter, topping analysts’ consensus estimates of $2.34 by $0.07. Visa had a return on equity of 50.02% and a net margin of 53.92%. The company had revenue of $8.63 billion during the quarter, compared to analysts’ expectations of $8.55 billion. During the same quarter in the previous year, the firm earned $2.18 earnings per share. The business’s quarterly revenue was up 9.3% compared to the same quarter last year. On average, equities research analysts predict that Visa Inc. will post 9.89 EPS for the current fiscal year.

Visa Dividend Announcement

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

Analyst Ratings Changes

A number of research analysts have recently weighed in on V shares. Barclays lifted their price target on Visa from $304.00 to $319.00 and gave the company an “overweight” rating in a report on Monday, January 29th. Mizuho reiterated a “neutral” rating and set a $265.00 price target on shares of Visa in a report on Wednesday, March 27th. Royal Bank of Canada lifted their price target on Visa from $290.00 to $309.00 and gave the company an “outperform” rating in a report on Friday, January 26th. Wedbush boosted their target price on Visa from $270.00 to $280.00 and gave the company an “outperform” rating in a research note on Friday, January 26th. Finally, Wells Fargo & Company boosted their target price on Visa from $300.00 to $325.00 and gave the company an “overweight” rating in a research note on Wednesday, March 6th. Five equities research analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company. Based on data from MarketBeat, Visa currently has a consensus rating of “Moderate Buy” and an average price target of $296.87.

Insider Buying and Selling

In related news, insider Rajat Taneja sold 36,546 shares of the business’s 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 transaction, the insider now owns 232,112 shares of the company’s stock, valued at approximately $62,716,662.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, insider Rajat Taneja sold 36,546 shares of the business’s 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 transaction, the insider now owns 232,112 shares of the company’s stock, valued at approximately $62,716,662.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Peter M. Andreski sold 2,615 shares of the company’s stock in a transaction that occurred on Wednesday, February 7th. The shares were sold at an average price of $278.88, for a total value of $729,271.20. Following the completion of the transaction, the chief accounting officer now directly owns 4,898 shares of the company’s stock, valued at approximately $1,365,954.24. The disclosure for this sale can be found here. In the last 90 days, insiders sold 55,511 shares of company stock valued at $15,131,081. Insiders own 0.19% of the company’s stock.

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.