Ninety One North America Inc. Trims Stock Holdings in Visa Inc. (NYSE:V)

Ninety One North America Inc. decreased its position in shares of Visa Inc. (NYSE:V - Free Report) by 19.6% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 308,965 shares of the credit-card processor's stock after selling 75,162 shares during the quarter. Visa accounts for approximately 7.3% of Ninety One North America Inc.'s investment portfolio, making the stock its largest position. Ninety One North America Inc.'s holdings in Visa were worth $108,280,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of V. von Borstel & Associates Inc. acquired a new stake in shares of Visa in the 1st quarter valued at approximately $27,000. Sellwood Investment Partners LLC bought a new position in Visa in the 4th quarter valued at approximately $41,000. Mountain Hill Investment Partners Corp. acquired a new stake in Visa during the 4th quarter worth approximately $47,000. Measured Risk Portfolios Inc. acquired a new stake in Visa during the 4th quarter worth approximately $47,000. Finally, Navigoe LLC acquired a new stake in Visa during the 4th quarter worth approximately $53,000. Institutional investors own 82.15% of the company's stock.

Visa Stock Performance

NYSE V traded up $2.35 during trading on Wednesday, hitting $356.90. 7,295,817 shares of the company's stock traded hands, compared to its average volume of 6,839,065. The stock has a market capitalization of $658.54 billion, a price-to-earnings ratio of 35.87, a PEG ratio of 2.42 and a beta of 0.92. Visa Inc. has a 12-month low of $252.70 and a 12-month high of $375.51. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.08 and a current ratio of 1.08. The business has a 50 day moving average of $356.43 and a 200-day moving average of $342.00.

Visa (NYSE:V - Get Free Report) last released its quarterly earnings data on Tuesday, April 29th. The credit-card processor reported $2.76 EPS for the quarter, beating the consensus estimate of $2.68 by $0.08. The business had revenue of $9.59 billion for the quarter, compared to the consensus estimate of $9.57 billion. Visa had a net margin of 52.86% and a return on equity of 56.28%. The company's revenue was up 9.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.51 earnings per share. As a group, equities research analysts anticipate that Visa Inc. will post 11.3 earnings per share for the current fiscal year.

Visa Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 2nd. Stockholders of record on Tuesday, May 13th were given a dividend of $0.59 per share. This represents a $2.36 annualized dividend and a dividend yield of 0.66%. The ex-dividend date of this dividend was Tuesday, May 13th. Visa's dividend payout ratio is presently 23.72%.

Analyst Ratings Changes

Several equities research analysts recently commented on V shares. Macquarie cut their target price on shares of Visa from $400.00 to $380.00 and set an "outperform" rating on the stock in a research report on Wednesday, April 30th. UBS Group lifted their price objective on shares of Visa from $395.00 to $405.00 and gave the company a "buy" rating in a research note on Wednesday, May 28th. Citigroup began coverage on shares of Visa in a research note on Monday, June 2nd. They issued a "buy" rating for the company. BMO Capital Markets boosted their price target on shares of Visa from $370.00 to $380.00 and gave the company an "outperform" rating in a research note on Wednesday, April 30th. Finally, William Blair restated an "outperform" rating on shares of Visa in a research note on Wednesday, April 30th. Five analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $372.84.

Insider Activity

In other news, CEO Ryan Mcinerney sold 8,630 shares of the company's stock in a transaction dated Tuesday, July 1st. The stock was 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 in the company, valued at $190,001.34. This represents a 94.14% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, General Counsel Julie B. Rottenberg sold 2,575 shares of the company's stock in a transaction dated Thursday, May 1st. The shares were sold at an average price of $345.58, for a total value of $889,868.50. Following the sale, the general counsel owned 11,925 shares in the company, valued at approximately $4,121,041.50. This represents a 17.76% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 101,108 shares of company stock worth $36,771,200 over the last ninety days. Company 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.