Versant Capital Management Inc Purchases 1,942 Shares of Visa Inc. (NYSE:V)

Versant Capital Management Inc grew its position in shares of Visa Inc. (NYSE:V) by 42.9% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 6,468 shares of the credit-card processor’s stock after buying an additional 1,942 shares during the quarter. Versant Capital Management Inc’s holdings in Visa were worth $2,267,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Bradley & Co. Private Wealth Management LLC acquired a new position in Visa during the 4th quarter worth about $27,000. POM Investment Strategies LLC lifted its position in shares of Visa by 48.5% during the fourth quarter. POM Investment Strategies LLC now owns 98 shares of the credit-card processor’s stock worth $31,000 after purchasing an additional 32 shares in the last quarter. Compass Planning Associates Inc bought a new stake in shares of Visa during the fourth quarter valued at approximately $32,000. NewSquare Capital LLC bought a new stake in shares of Visa during the fourth quarter valued at approximately $35,000. Finally, FPC Investment Advisory Inc. increased its holdings in shares of Visa by 377.3% in the fourth quarter. FPC Investment Advisory Inc. now owns 105 shares of the credit-card processor’s stock valued at $36,000 after purchasing an additional 83 shares in the last quarter. Institutional investors and hedge funds own 82.15% of the company’s stock.

Insider Buying and Selling at Visa

In related news, CEO Ryan Mcinerney sold 8,620 shares of the stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $363.00, for a total transaction of $3,129,060.00. Following the completion of the transaction, the chief executive officer now owns 537 shares in the company, valued at approximately $194,931. This represents a 94.14% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, General Counsel Julie B. Rottenberg sold 2,575 shares of the firm’s stock in a transaction on Thursday, May 1st. The shares were sold at an average price of $345.58, for a total transaction of $889,868.50. Following the completion of the transaction, the general counsel now directly owns 11,925 shares of the company’s stock, valued at approximately $4,121,041.50. This trade represents a 17.76% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 121,948 shares of company stock valued at $41,548,282 in the last 90 days. 0.13% of the stock is currently owned by company insiders.

Analyst Ratings Changes

V has been the topic of a number of recent research reports. William Blair reiterated an “outperform” rating on shares of Visa in a research report on Wednesday, April 30th. Macquarie decreased their price target on Visa from $400.00 to $380.00 and set an “outperform” rating on the stock in a report on Wednesday, April 30th. Barclays upped their target price on shares of Visa from $361.00 to $396.00 and gave the company an “overweight” rating in a research report on Monday, February 3rd. Jefferies Financial Group lifted their price target on shares of Visa from $400.00 to $410.00 and gave the stock a “buy” rating in a research report on Tuesday. Finally, BMO Capital Markets boosted their price target on shares of Visa from $370.00 to $380.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 30th. Six investment analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $366.13.

Visa Trading Up 0.8%

NYSE:V opened at $362.55 on Friday. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.12 and a quick ratio of 1.12. The business’s 50-day simple moving average is $342.99 and its 200-day simple moving average is $333.16. Visa Inc. has a fifty-two week low of $252.70 and a fifty-two week high of $369.15. The stock has a market capitalization of $668.96 billion, a PE ratio of 36.55, a price-to-earnings-growth ratio of 2.33 and a beta of 0.96.

Visa (NYSE:V) last released its quarterly earnings results on Tuesday, April 29th. The credit-card processor reported $2.76 earnings per share for the quarter, beating the consensus estimate of $2.68 by $0.08. Visa had a net margin of 54.27% and a return on equity of 54.79%. The company had revenue of $9.59 billion during the quarter, compared to analysts’ expectations of $9.57 billion. During the same quarter in the prior year, the company earned $2.51 earnings per share. The business’s quarterly revenue was up 9.3% compared to the same quarter last year. Sell-side analysts expect that Visa Inc. will post 11.3 earnings per share for the current fiscal year.

Visa Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 2nd. Shareholders of record on Tuesday, May 13th will be issued a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a yield of 0.65%. The ex-dividend date is Tuesday, May 13th. Visa’s dividend payout ratio (DPR) is presently 23.72%.

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.