AustralianSuper Pty Ltd Has $403.81 Million Position in Visa Inc. (NYSE:V)

AustralianSuper Pty Ltd trimmed its stake in shares of Visa Inc. (NYSE:V - Free Report) by 18.1% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,152,216 shares of the credit-card processor's stock after selling 255,335 shares during the quarter. Visa makes up about 2.3% of AustralianSuper Pty Ltd's portfolio, making the stock its 5th largest holding. AustralianSuper Pty Ltd owned about 0.06% of Visa worth $403,806,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also added to or reduced their stakes in the company. Hirtle Callaghan & Co LLC grew its holdings in shares of Visa by 1.3% during the fourth quarter. Hirtle Callaghan & Co LLC now owns 2,291 shares of the credit-card processor's stock worth $724,000 after buying an additional 29 shares in the last quarter. FWL Investment Management LLC grew its position in shares of Visa by 0.5% during the fourth quarter. FWL Investment Management LLC now owns 6,344 shares of the credit-card processor's stock worth $2,005,000 after acquiring an additional 29 shares during the last quarter. Yeomans Consulting Group Inc. lifted its holdings in Visa by 2.9% in the first quarter. Yeomans Consulting Group Inc. now owns 1,027 shares of the credit-card processor's stock valued at $360,000 after acquiring an additional 29 shares during the period. Capstone Financial Advisors Inc. increased its position in Visa by 3.6% during the 4th quarter. Capstone Financial Advisors Inc. now owns 872 shares of the credit-card processor's stock worth $276,000 after purchasing an additional 30 shares in the last quarter. Finally, Headinvest LLC grew its holdings in shares of Visa by 0.8% during the 4th quarter. Headinvest LLC now owns 4,003 shares of the credit-card processor's stock worth $1,265,000 after purchasing an additional 30 shares during the period. 82.15% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the company. William Blair reaffirmed an "outperform" rating on shares of Visa in a research report on Wednesday, April 30th. Citigroup assumed coverage on Visa in a report on Monday, June 2nd. They set a "buy" rating on the stock. Deutsche Bank Aktiengesellschaft started coverage on Visa in a report on Thursday. They set a "buy" rating and a $410.00 price objective on the stock. Oppenheimer lifted their price objective on Visa from $390.00 to $391.00 and gave the company an "outperform" rating in a research report on Wednesday, July 2nd. Finally, Truist Financial decreased their target price on Visa from $400.00 to $397.00 and set a "buy" rating for the company in a research note on Thursday. Five investment analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, Visa presently has a consensus rating of "Moderate Buy" and a consensus target price of $375.52.

Visa Trading Down 0.3%

Shares of NYSE:V traded down $0.91 during trading on Friday, reaching $348.90. 4,916,998 shares of the company were exchanged, compared to its average volume of 6,795,531. The firm has a market capitalization of $643.78 billion, a PE ratio of 35.07, a P/E/G ratio of 2.36 and a beta of 0.92. The business's fifty day simple moving average is $356.82 and its 200-day simple moving average is $343.82. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.08 and a quick ratio of 1.08. Visa Inc. has a 12-month low of $252.70 and a 12-month high of $375.51.

Visa (NYSE:V - Get Free Report) last posted 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. The business had revenue of $9.59 billion during the quarter, compared to analysts' expectations of $9.57 billion. Visa had a net margin of 52.86% and a return on equity of 56.28%. The business's revenue for the quarter was up 9.3% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.51 EPS. On average, research analysts anticipate that Visa Inc. will post 11.3 EPS for the current year.

Visa Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, June 2nd. Shareholders of record on Tuesday, May 13th were given a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a yield of 0.68%. The ex-dividend date was Tuesday, May 13th. Visa's payout ratio is currently 23.72%.

Insiders Place Their Bets

In other Visa news, CEO Ryan Mcinerney sold 8,630 shares of the stock in a transaction on 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 sale, the chief executive officer directly owned 537 shares of the company's stock, valued at approximately $190,001.34. This represents a 94.14% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, General Counsel Julie B. Rottenberg sold 2,575 shares of the firm's stock in a transaction dated Thursday, May 1st. The shares were sold at an average price of $345.58, for a total transaction of $889,868.50. Following the transaction, the general counsel owned 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. Over the last quarter, insiders sold 101,108 shares of company stock worth $36,771,200. Insiders own 0.13% of the company's stock.

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.