Visa Inc. (NYSE:V) is Berkeley Inc's 2nd Largest Position

Berkeley Inc cut its stake in shares of Visa Inc. (NYSE:V - Free Report) by 35.2% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 47,959 shares of the credit-card processor's stock after selling 26,087 shares during the period. Visa comprises approximately 7.8% of Berkeley Inc's investment portfolio, making the stock its 2nd biggest position. Berkeley Inc's holdings in Visa were worth $15,157,000 as of its most recent filing with the SEC.

Several other institutional investors also recently modified their holdings of V. Capital & Planning LLC increased its holdings in Visa by 21.2% in the fourth quarter. Capital & Planning LLC now owns 949 shares of the credit-card processor's stock valued at $300,000 after purchasing an additional 166 shares during the period. Sovereign Investment Advisors LLC acquired a new stake in Visa in the fourth quarter valued at $424,000. Brighton Jones LLC increased its holdings in Visa by 50.1% in the fourth quarter. Brighton Jones LLC now owns 20,635 shares of the credit-card processor's stock valued at $6,522,000 after purchasing an additional 6,883 shares during the period. First Citizens Bank & Trust Co. grew its holdings in Visa by 1.1% during the 4th quarter. First Citizens Bank & Trust Co. now owns 63,574 shares of the credit-card processor's stock worth $20,092,000 after acquiring an additional 668 shares during the period. Finally, Regency Capital Management Inc. DE grew its holdings in Visa by 2.2% during the 4th quarter. Regency Capital Management Inc. DE now owns 11,304 shares of the credit-card processor's stock worth $3,573,000 after acquiring an additional 243 shares during the period. 82.15% of the stock is currently owned by institutional investors and hedge funds.

Visa Stock Up 0.8%

NYSE V traded up $3.03 during trading hours on Friday, hitting $365.43. The company's stock had a trading volume of 8,725,642 shares, compared to its average volume of 7,023,748. Visa Inc. has a 52 week low of $252.70 and a 52 week high of $369.15. The company has a market capitalization of $674.28 billion, a PE ratio of 36.84, a price-to-earnings-growth ratio of 2.33 and a beta of 0.96. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.45. The company's 50-day simple moving average is $343.40 and its two-hundred day simple moving average is $333.54.

Visa (NYSE:V - Get Free Report) last announced 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. Visa had a net margin of 54.27% and a return on equity of 54.79%. The business had revenue of $9.59 billion for the quarter, compared to analysts' expectations of $9.57 billion. During the same quarter last year, the firm earned $2.51 EPS. The firm's revenue for the quarter was up 9.3% compared to the same quarter last year. Research analysts anticipate that Visa Inc. will post 11.3 EPS for the current fiscal year.

Visa Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 2nd. Investors of record on Tuesday, May 13th will be given a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a dividend yield of 0.65%. The ex-dividend date of this dividend is Tuesday, May 13th. Visa's payout ratio is 23.72%.

Analyst Ratings Changes

V has been the subject of a number of recent analyst reports. Citigroup reiterated a "neutral" rating on shares of Visa in a report on Thursday, February 13th. JPMorgan Chase & Co. increased their price target on Visa from $340.00 to $375.00 and gave the stock an "overweight" rating in a report on Friday, January 31st. William Blair reiterated an "outperform" rating on shares of Visa in a report on Wednesday, April 30th. Wall Street Zen upgraded Visa from a "hold" rating to a "buy" rating in a report on Monday, May 12th. Finally, The Goldman Sachs Group increased their price target on Visa from $346.00 to $384.00 and gave the stock a "buy" rating in a report on Friday, January 31st. Six investment analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $366.13.

Insiders Place Their Bets

In related news, insider Paul D. Fabara sold 39,350 shares of Visa stock in a transaction that occurred on Friday, March 14th. The shares were sold at an average price of $327.20, for a total value of $12,875,320.00. Following the sale, the insider now owns 26,413 shares of the company's stock, valued at approximately $8,642,333.60. The trade was a 59.84% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Ryan Mcinerney sold 8,620 shares of Visa stock in a transaction that occurred on Tuesday, April 1st. The stock was sold at an average price of $350.44, for a total transaction of $3,020,792.80. Following the completion of the sale, the chief executive officer now directly owns 537 shares in the company, valued at $188,186.28. This trade represents a 94.14% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 121,948 shares of company stock valued at $41,548,282. 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.