Temasek Holdings Private Ltd Sells 93,947 Shares of Visa Inc. $V

Temasek Holdings Private Ltd reduced its position in Visa Inc. (NYSE:V) by 1.6% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,859,835 shares of the credit-card processor’s stock after selling 93,947 shares during the period. Visa comprises about 8.3% of Temasek Holdings Private Ltd’s portfolio, making the stock its 2nd biggest holding. Temasek Holdings Private Ltd’s holdings in Visa were worth $2,053,638,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Keystone Global Partners LLC acquired a new stake in shares of Visa during the 1st quarter valued at about $26,000. von Borstel & Associates Inc. purchased a new position in Visa during the first quarter worth approximately $27,000. 1 North Wealth Services LLC purchased a new position in Visa during the first quarter worth approximately $38,000. Measured Risk Portfolios Inc. acquired a new stake in Visa in the fourth quarter valued at approximately $47,000. Finally, O Brien Wealth Partners LLC purchased a new stake in shares of Visa in the first quarter valued at approximately $54,000. Institutional investors and hedge funds own 82.15% of the company’s stock.

Insider Buying and Selling

In other news, CEO Ryan Mcinerney sold 8,630 shares of the business’s stock in a transaction dated Tuesday, July 1st. The shares were sold at an average price of $353.82, for a total transaction of $3,053,466.60. Following the transaction, the chief executive officer owned 537 shares of the company’s stock, valued at approximately $190,001.34. The trade was a 94.14% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Paul D. Fabara sold 11,636 shares of the firm’s stock in a transaction dated Wednesday, June 11th. The stock was sold at an average price of $375.00, for a total transaction of $4,363,500.00. Following the sale, the insider owned 26,413 shares of the company’s stock, valued at approximately $9,904,875. The trade was a 30.58% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 22,293 shares of company stock worth $8,114,295. 0.13% of the stock is owned by corporate insiders.

Visa Price Performance

Shares of NYSE V opened at $343.02 on Friday. The firm has a 50-day simple moving average of $348.51 and a 200-day simple moving average of $347.22. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.52. The stock has a market capitalization of $628.67 billion, a price-to-earnings ratio of 33.50, a price-to-earnings-growth ratio of 2.28 and a beta of 0.92. Visa Inc. has a 52 week low of $268.23 and a 52 week high of $375.51.

Visa (NYSE:V) last announced its quarterly earnings data on Tuesday, July 29th. The credit-card processor reported $2.98 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.85 by $0.13. The company had revenue of $10.17 billion during the quarter, compared to analysts’ expectations of $9.82 billion. Visa had a net margin of 52.16% and a return on equity of 58.93%. Visa’s revenue was up 14.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.42 EPS. On average, equities analysts predict that Visa Inc. will post 11.3 earnings per share for the current fiscal year.

Visa Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 2nd. Investors of record on Tuesday, August 12th were issued a $0.59 dividend. This represents a $2.36 annualized dividend and a dividend yield of 0.7%. The ex-dividend date of this dividend was Tuesday, August 12th. Visa’s dividend payout ratio (DPR) is currently 23.05%.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on V. Mizuho raised shares of Visa from a “neutral” rating to an “outperform” rating and lifted their price target for the company from $359.00 to $425.00 in a research note on Thursday, June 5th. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Visa in a report on Thursday, July 17th. They set a “buy” rating and a $410.00 price objective on the stock. Jefferies Financial Group boosted their target price on shares of Visa from $400.00 to $410.00 and gave the stock a “buy” rating in a research note on Tuesday, May 27th. Raymond James Financial restated an “outperform” rating on shares of Visa in a research report on Wednesday, July 30th. Finally, Citigroup initiated coverage on Visa in a report on Monday, June 2nd. They issued a “buy” rating on the stock. One research analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat, Visa has a consensus rating of “Moderate Buy” and a consensus target price of $385.96.

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.