Visa Inc. (NYSE:V) Shares Sold by Ninety One North America Inc.

Ninety One North America Inc. decreased its holdings in Visa Inc. (NYSE:V) by 14.7% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 674,431 shares of the credit-card processor’s stock after selling 115,997 shares during the period. Visa makes up approximately 8.6% of Ninety One North America Inc.’s investment portfolio, making the stock its largest position. Ninety One North America Inc.’s holdings in Visa were worth $175,588,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in V. BCK Partners Inc. acquired a new stake in shares of Visa during the 1st quarter worth approximately $2,717,000. Markel Corp increased its holdings in shares of Visa by 0.3% during the 1st quarter. Markel Corp now owns 961,105 shares of the credit-card processor’s stock worth $213,144,000 after buying an additional 3,065 shares during the last quarter. AMI Investment Management Inc. acquired a new stake in shares of Visa during the 1st quarter worth approximately $2,323,000. Ergoteles LLC acquired a new stake in shares of Visa during the 1st quarter worth approximately $538,000. Finally, XTX Topco Ltd acquired a new stake in Visa in the 1st quarter valued at approximately $1,496,000. Institutional investors and hedge funds own 82.15% of the company’s stock.

Insider Buying and Selling

In related news, CAO Peter M. Andreski sold 2,615 shares of Visa stock in a transaction on Wednesday, February 7th. The shares were sold at an average price of $278.88, for a total transaction of $729,271.20. Following the sale, the chief accounting officer now directly owns 4,898 shares in the company, valued at approximately $1,365,954.24. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In related news, CAO Peter M. Andreski sold 2,615 shares of Visa stock in a transaction on Wednesday, February 7th. The shares were sold at an average price of $278.88, for a total transaction of $729,271.20. Following the sale, the chief accounting officer now directly owns 4,898 shares in the company, valued at approximately $1,365,954.24. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Ryan Mcinerney sold 8,150 shares of Visa stock in a transaction on Thursday, February 1st. The shares were sold at an average price of $273.39, for a total transaction of $2,228,128.50. The disclosure for this sale can be found here. Insiders have sold 18,965 shares of company stock worth $5,256,352 in the last ninety days. 0.19% of the stock is owned by corporate insiders.

Visa Price Performance

Visa stock opened at $269.71 on Friday. The stock has a market cap of $495.33 billion, a P/E ratio of 31.04, a price-to-earnings-growth ratio of 1.87 and a beta of 0.96. The company has a fifty day simple moving average of $279.58 and a 200-day simple moving average of $262.89. Visa Inc. has a 12-month low of $216.14 and a 12-month high of $290.96. The company has a current ratio of 1.45, a quick ratio of 1.45 and a debt-to-equity ratio of 0.54.

Visa (NYSE:V) last released its quarterly earnings data 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. Visa had a net margin of 53.92% and a return on equity of 50.02%. The business had revenue of $8.63 billion during the quarter, compared to analysts’ expectations of $8.55 billion. During the same period in the previous year, the company earned $2.18 EPS. The company’s revenue for the quarter was up 9.3% on a year-over-year basis. Equities analysts expect that Visa Inc. will post 9.88 EPS for the current fiscal year.

Visa Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 1st. Investors of record on Friday, February 9th were paid a dividend of $0.52 per share. The ex-dividend date of this dividend was Thursday, February 8th. This represents a $2.08 annualized dividend and a yield of 0.77%. Visa’s dividend payout ratio is currently 23.94%.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on V shares. Wells Fargo & Company lifted their target price on shares of Visa from $300.00 to $325.00 and gave the company an “overweight” rating in a report on Wednesday, March 6th. Royal Bank of Canada lifted their target price on shares of Visa from $290.00 to $309.00 and gave the company an “outperform” rating in a report on Friday, January 26th. Robert W. Baird lifted their target price on shares of Visa from $314.00 to $320.00 and gave the company an “outperform” rating in a report on Wednesday. Raymond James lifted their target price on shares of Visa from $287.00 to $311.00 and gave the company an “outperform” rating in a report on Friday, January 26th. Finally, Barclays lifted their target price on shares of Visa from $304.00 to $319.00 and gave the company an “overweight” rating in a report on Monday, January 29th. Five equities research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the stock. Based on data from MarketBeat, Visa currently has a consensus rating of “Moderate Buy” and a consensus target price of $298.43.

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.