Visa Inc. (NYSE:V) Shares Acquired by USS Investment Management Ltd

USS Investment Management Ltd raised its holdings in Visa Inc. (NYSE:V) by 1.5% in the fourth quarter, Holdings Channel.com reports. The fund owned 1,103,238 shares of the credit-card processor’s stock after acquiring an additional 16,357 shares during the quarter. Visa makes up about 2.5% of USS Investment Management Ltd’s investment portfolio, making the stock its 4th largest position. USS Investment Management Ltd’s holdings in Visa were worth $348,971,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Bradley & Co. Private Wealth Management LLC acquired a new position in shares of Visa during the fourth quarter worth approximately $27,000. POM Investment Strategies LLC boosted its holdings in 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 during the last quarter. Compass Planning Associates Inc acquired a new position in Visa during the fourth quarter worth $32,000. FPC Investment Advisory Inc. lifted its stake in 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 acquiring an additional 83 shares during the last quarter. Finally, NewSquare Capital LLC acquired a new stake in Visa in the fourth quarter valued at $35,000. Institutional investors own 82.15% of the company’s stock.

Insiders Place Their Bets

In related news, insider Paul D. Fabara sold 14,813 shares of the stock in a transaction that occurred on Thursday, May 8th. The stock was sold at an average price of $355.04, for a total value of $5,259,207.52. Following the completion of the transaction, the insider now directly owns 26,413 shares of the company’s stock, valued at $9,377,671.52. This represents a 35.93% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, 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 value of $3,129,060.00. Following the transaction, the chief executive officer now directly owns 537 shares of the company’s stock, valued at approximately $194,931. The trade was a 94.14% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 121,948 shares of company stock worth $41,548,282 over the last quarter. 0.13% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the stock. Susquehanna reaffirmed a “positive” rating on shares of Visa in a research report on Friday, March 21st. Bank of America boosted their price target on shares of Visa from $331.00 to $363.00 and gave the company a “neutral” rating in a research note on Friday, January 31st. JPMorgan Chase & Co. upped their target price on shares of Visa from $340.00 to $375.00 and gave the stock an “overweight” rating in a research note on Friday, January 31st. The Goldman Sachs Group boosted their price target on shares of Visa from $346.00 to $384.00 and gave the stock a “buy” rating in a report on Friday, January 31st. Finally, Macquarie decreased their price target on Visa from $400.00 to $380.00 and set an “outperform” rating on the stock in a research report on Wednesday, April 30th. Six investment analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $362.38.

Visa Stock Up 0.7%

V opened at $367.76 on Tuesday. Visa Inc. has a 12 month low of $252.70 and a 12 month high of $369.15. The stock has a market capitalization of $678.58 billion, a P/E ratio of 37.07, a P/E/G ratio of 2.33 and a beta of 0.96. The business has a 50 day simple moving average of $339.28 and a 200-day simple moving average of $330.43. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.12 and a quick ratio of 1.12.

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, topping the consensus estimate of $2.68 by $0.08. The company had revenue of $9.59 billion during the quarter, compared to the consensus estimate of $9.57 billion. Visa had a return on equity of 54.79% and a net margin of 54.27%. Visa’s revenue was up 9.3% compared to the same quarter last year. During the same quarter last year, the business posted $2.51 earnings per share. On average, equities analysts anticipate that Visa Inc. will post 11.3 earnings per share for the current fiscal year.

Visa Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 2nd. Shareholders of record on Tuesday, May 13th will be paid a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a dividend yield of 0.64%. The ex-dividend date of this dividend is Tuesday, May 13th. Visa’s dividend payout ratio is presently 23.72%.

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.