Visa Inc. (NYSE:V) is Highview Capital Management LLC DE’s 10th Largest Position

Highview Capital Management LLC DE lifted its stake in shares of Visa Inc. (NYSE:V) by 3.1% during the 4th quarter, Holdings Channel reports. The fund owned 19,997 shares of the credit-card processor’s stock after buying an additional 604 shares during the quarter. Visa comprises 2.4% of Highview Capital Management LLC DE’s portfolio, making the stock its 10th largest holding. Highview Capital Management LLC DE’s holdings in Visa were worth $6,320,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Peterson Financial Group Inc. acquired a new position in shares of Visa in the 3rd quarter valued at $26,000. Decker Retirement Planning Inc. acquired a new position in Visa in the fourth quarter valued at about $26,000. POM Investment Strategies LLC boosted its stake 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 buying an additional 32 shares during the period. Modus Advisors LLC acquired a new stake in shares of Visa during the fourth quarter valued at about $32,000. Finally, Sugar Maple Asset Management LLC purchased a new stake in shares of Visa in the 4th quarter valued at approximately $44,000. Institutional investors and hedge funds own 82.15% of the company’s stock.

Insider Transactions at Visa

In other Visa news, insider Paul D. Fabara sold 39,350 shares of the firm’s stock in a transaction on Friday, March 14th. The shares were sold at an average price of $327.20, for a total transaction of $12,875,320.00. Following the transaction, the insider now directly owns 26,413 shares of the company’s stock, valued at approximately $8,642,333.60. This trade represents a 59.84 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Ryan Mcinerney sold 8,620 shares of Visa 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 disclosure for this sale can be found here. Over the last 90 days, insiders have sold 103,855 shares of company stock worth $35,165,827. Corporate insiders own 0.13% of the company’s stock.

Visa Price Performance

V stock opened at $334.35 on Tuesday. The stock has a market cap of $621.15 billion, a price-to-earnings ratio of 33.70, a PEG ratio of 2.33 and a beta of 0.95. Visa Inc. has a fifty-two week low of $252.70 and a fifty-two week high of $366.54. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.45. The business has a 50 day moving average price of $338.39 and a 200 day moving average price of $311.61.

Visa (NYSE:V) last issued its earnings results on Thursday, January 30th. The credit-card processor reported $2.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.66 by $0.09. Visa had a net margin of 54.27% and a return on equity of 54.79%. Equities research analysts anticipate that Visa Inc. will post 11.3 earnings per share for the current fiscal year.

Visa Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Tuesday, February 11th were issued a dividend of $0.59 per share. This represents a $2.36 annualized dividend and a dividend yield of 0.71%. The ex-dividend date was Tuesday, February 11th. Visa’s payout ratio is 23.79%.

Wall Street Analyst Weigh In

V has been the subject of a number of research analyst reports. Raymond James reaffirmed an “outperform” rating and set a $393.00 price objective (up previously from $374.00) on shares of Visa in a research report on Friday, January 31st. StockNews.com lowered Visa from a “buy” rating to a “hold” rating in a research report on Wednesday, March 12th. Susquehanna boosted their price objective on Visa from $395.00 to $410.00 and gave the company a “positive” rating in a report on Friday, February 21st. Keefe, Bruyette & Woods restated a “hold” rating on shares of Visa in a report on Thursday, February 13th. Finally, Piper Sandler reiterated an “overweight” rating and set a $383.00 price target (up from $368.00) on shares of Visa in a research note on Friday, January 31st. Seven equities research analysts have rated the stock with a hold rating, twenty-two have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, Visa has a consensus rating of “Moderate Buy” and a consensus target price of $353.96.

Visa Company 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.