Visa Inc. (NYSE:V) Shares Sold by Yousif Capital Management LLC

Yousif Capital Management LLC lowered its position in Visa Inc. (NYSE:V) by 0.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 219,319 shares of the credit-card processor’s stock after selling 148 shares during the quarter. Visa makes up approximately 0.8% of Yousif Capital Management LLC’s portfolio, making the stock its 13th biggest position. Yousif Capital Management LLC’s holdings in Visa were worth $69,314,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the company. Retirement Systems of Alabama grew its holdings in shares of Visa by 3.2% during the fourth quarter. Retirement Systems of Alabama now owns 746,436 shares of the credit-card processor’s stock worth $235,904,000 after buying an additional 22,898 shares during the last quarter. Sargent Investment Group LLC grew its stake in shares of Visa by 80.7% in the 4th quarter. Sargent Investment Group LLC now owns 5,745 shares of the credit-card processor’s stock valued at $1,763,000 after purchasing an additional 2,565 shares during the last quarter. Cassia Capital Partners LLC increased its holdings in shares of Visa by 32.8% in the fourth quarter. Cassia Capital Partners LLC now owns 3,589 shares of the credit-card processor’s stock valued at $1,134,000 after purchasing an additional 886 shares during the period. Ninety One SA PTY Ltd raised its stake in shares of Visa by 3.1% during the fourth quarter. Ninety One SA PTY Ltd now owns 44,759 shares of the credit-card processor’s stock worth $14,146,000 after purchasing an additional 1,358 shares during the last quarter. Finally, Bay Harbor Wealth Management LLC lifted its holdings in shares of Visa by 49.7% during the fourth quarter. Bay Harbor Wealth Management LLC now owns 509 shares of the credit-card processor’s stock worth $161,000 after purchasing an additional 169 shares during the period. 82.15% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages have issued reports on V. Raymond James reissued an “outperform” rating and issued a $393.00 price objective (up from $374.00) on shares of Visa in a research note on Friday, January 31st. Susquehanna increased their price target on shares of Visa from $375.00 to $395.00 and gave the stock a “positive” rating in a report on Friday, January 31st. Jefferies Financial Group lifted their price objective on Visa from $320.00 to $330.00 and gave the company a “buy” rating in a report on Wednesday, October 30th. William Blair reissued an “outperform” rating on shares of Visa in a research note on Friday, January 31st. Finally, Royal Bank of Canada lifted their price target on Visa from $311.00 to $322.00 and gave the company an “outperform” rating in a research note on Wednesday, October 30th. Four equities research analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $354.73.

Visa Stock Up 0.2 %

Shares of NYSE:V opened at $348.26 on Friday. The company has a quick ratio of 1.28, a current ratio of 1.12 and a debt-to-equity ratio of 0.45. The company has a market capitalization of $648.77 billion, a P/E ratio of 35.11, a P/E/G ratio of 2.30 and a beta of 0.97. Visa Inc. has a 52-week low of $252.70 and a 52-week high of $351.25. The stock’s fifty day simple moving average is $320.41 and its 200-day simple moving average is $295.12.

Visa (NYSE:V) last released its earnings results on Thursday, January 30th. The credit-card processor reported $2.75 earnings per share (EPS) for the quarter, beating 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, equities research analysts forecast that Visa Inc. will post 11.2 earnings per share for the current fiscal year.

Visa Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, March 3rd. Shareholders of record on Tuesday, February 11th will be paid a $0.59 dividend. The ex-dividend date is Tuesday, February 11th. This represents a $2.36 annualized dividend and a yield of 0.68%. Visa’s payout ratio is currently 23.79%.

Insider Buying and Selling at Visa

In related news, insider Paul D. Fabara sold 2,171 shares of the company’s stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $307.97, for a total transaction of $668,602.87. Following the completion of the transaction, the insider now owns 17,894 shares of the company’s stock, valued at approximately $5,510,815.18. This represents a 10.82 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CAO Peter M. Andreski sold 2,332 shares of the stock in a transaction that occurred on Friday, February 7th. The stock was sold at an average price of $349.62, for a total transaction of $815,313.84. Following the transaction, the chief accounting officer now directly owns 4,488 shares in the company, valued at approximately $1,569,094.56. This represents a 34.19 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 58,056 shares of company stock worth $19,830,050. Insiders own 0.13% of the company’s stock.

Visa 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.