DSM Capital Partners LLC Decreases Holdings in Visa Inc. (NYSE:V)

DSM Capital Partners LLC cut its holdings in shares of Visa Inc. (NYSE:V - Free Report) by 1.9% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 520,116 shares of the credit-card processor's stock after selling 9,921 shares during the quarter. Visa makes up 3.2% of DSM Capital Partners LLC's investment portfolio, making the stock its 11th largest holding. DSM Capital Partners LLC's holdings in Visa were worth $182,280,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the business. von Borstel & Associates Inc. bought a new position in Visa in the 1st quarter worth about $27,000. Measured Risk Portfolios Inc. bought a new position in Visa in the 4th quarter worth about $47,000. Navigoe LLC bought a new position in Visa in the 4th quarter worth about $53,000. O Brien Wealth Partners LLC bought a new position in Visa in the 1st quarter worth about $54,000. Finally, Global X Japan Co. Ltd. bought a new position in Visa in the 1st quarter worth about $56,000. 82.15% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Visa

In other Visa news, insider Paul D. Fabara sold 46,214 shares of the business's stock in a transaction dated Thursday, June 5th. The stock was sold at an average price of $370.00, for a total transaction of $17,099,180.00. Following the sale, the insider owned 26,413 shares in the company, valued at approximately $9,772,810. The trade was a 63.63% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Ryan Mcinerney sold 8,630 shares of the business's stock in a transaction dated Tuesday, July 1st. The shares were sold at an average price of $353.82, for a total value of $3,053,466.60. Following the sale, the chief executive officer owned 537 shares in the company, valued at approximately $190,001.34. The trade was a 94.14% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 75,100 shares of company stock worth $27,643,224. 0.13% of the stock is owned by company insiders.

Visa Trading Up 1.8%

Shares of NYSE V opened at $342.66 on Thursday. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.52. The business has a fifty day simple moving average of $351.11 and a two-hundred day simple moving average of $347.19. The firm has a market cap of $628.02 billion, a PE ratio of 33.46, a price-to-earnings-growth ratio of 2.24 and a beta of 0.94. Visa Inc. has a twelve month low of $258.74 and a twelve month high of $375.51.

Visa (NYSE:V - Get Free Report) last released its quarterly earnings results on Tuesday, July 29th. The credit-card processor reported $2.98 EPS for the quarter, topping the consensus estimate of $2.85 by $0.13. The firm had revenue of $10.17 billion during the quarter, compared to analyst estimates of $9.82 billion. Visa had a return on equity of 58.93% and a net margin of 52.16%. The business's revenue for the quarter was up 14.3% compared to the same quarter last year. During the same period in the previous year, the company posted $2.42 EPS. Analysts expect that Visa Inc. will post 11.3 earnings per share for the current fiscal year.

Visa Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 2nd. Investors of record on Tuesday, August 12th will be paid a dividend of $0.59 per share. This represents a $2.36 annualized dividend and a yield of 0.7%. The ex-dividend date is Tuesday, August 12th. Visa's payout ratio is 23.05%.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on V shares. Jefferies Financial Group lifted their price target on Visa from $400.00 to $410.00 and gave the company a "buy" rating in a research report on Tuesday, May 27th. Raymond James Financial restated an "outperform" rating on shares of Visa in a research report on Wednesday, July 30th. The Goldman Sachs Group began coverage on Visa in a research note on Monday, June 2nd. They issued a "neutral" rating on the stock. Citigroup began coverage on Visa in a research note on Monday, June 2nd. They set a "buy" rating on the stock. Finally, UBS Group reissued a "buy" rating and set a $415.00 target price (up from $405.00) on shares of Visa in a research note on Wednesday, July 30th. Five equities research analysts have rated the stock with a hold rating, twenty-three have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Visa currently has a consensus rating of "Moderate Buy" and a consensus target price of $380.84.

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.

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