Visa Inc. (NYSE:V) is Ninety One UK Ltd’s 2nd Largest Position

Ninety One UK Ltd decreased its stake in shares of Visa Inc. (NYSE:V) by 0.3% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 7,917,624 shares of the credit-card processor’s stock after selling 22,819 shares during the period. Visa accounts for 6.1% of Ninety One UK Ltd’s investment portfolio, making the stock its 2nd biggest position. Ninety One UK Ltd’s holdings in Visa were worth $2,061,353,000 as of its most recent filing with the SEC.

Several other hedge funds also recently bought and sold shares of V. Hibernia Wealth Partners LLC acquired a new stake in shares of Visa during the third quarter worth $25,000. Altshuler Shaham Ltd acquired a new stake in shares of Visa during the third quarter worth $25,000. O Brien Wealth Partners LLC acquired a new stake in shares of Visa during the fourth quarter worth $32,000. Financial Freedom LLC acquired a new stake in shares of Visa during the fourth quarter worth $32,000. Finally, Nalls Sherbakoff Group LLC boosted its holdings in shares of Visa by 545.5% during the third quarter. Nalls Sherbakoff Group LLC now owns 142 shares of the credit-card processor’s stock worth $33,000 after purchasing an additional 120 shares during the last quarter. Hedge funds and other institutional investors own 82.15% of the company’s stock.

Insider Buying and Selling at Visa

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

Analysts Set New Price Targets

V has been the topic of a number of research analyst reports. Wells Fargo & Company lifted their target price on Visa from $300.00 to $325.00 and gave the company an “overweight” rating in a report on Wednesday, March 6th. Raymond James lifted their target price on Visa from $287.00 to $311.00 and gave the company an “outperform” rating in a report on Friday, January 26th. Keefe, Bruyette & Woods lifted their target price on Visa from $305.00 to $315.00 and gave the company an “outperform” rating in a report on Friday, January 26th. Susquehanna lifted their target price on Visa from $300.00 to $326.00 and gave the company a “positive” rating in a report on Friday, January 26th. Finally, William Blair reiterated an “outperform” rating on shares of Visa in a report on Friday, January 26th. Five analysts have rated the stock with a hold rating and nineteen have given a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $298.43.

Visa Stock Down 0.6 %

Shares of Visa stock opened at $269.71 on Friday. The company has a quick ratio of 1.45, a current ratio of 1.45 and a debt-to-equity ratio of 0.54. The firm has a market cap of $495.33 billion, a P/E ratio of 31.04, a P/E/G ratio of 1.87 and a beta of 0.96. Visa Inc. has a fifty-two week low of $216.14 and a fifty-two week high of $290.96. The business has a 50-day moving average price of $279.58 and a 200 day moving average price of $262.89.

Visa (NYSE:V) last issued its earnings results on Thursday, January 25th. The credit-card processor reported $2.41 EPS for the quarter, beating analysts’ consensus estimates of $2.34 by $0.07. Visa had a return on equity of 50.02% and a net margin of 53.92%. The company had revenue of $8.63 billion during the quarter, compared to the consensus estimate of $8.55 billion. During the same period in the previous year, the firm posted $2.18 earnings per share. Visa’s quarterly revenue was up 9.3% compared to the same quarter last year. On average, sell-side analysts forecast that Visa Inc. will post 9.88 earnings per share for the current fiscal year.

Visa Dividend Announcement

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

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.