Visa Inc. (NYSE:V) Position Lowered by Soroban Capital Partners LP

Soroban Capital Partners LP lowered its stake in Visa Inc. (NYSE:V - Free Report) by 2.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,020,679 shares of the credit-card processor's stock after selling 46,395 shares during the period. Visa accounts for 8.6% of Soroban Capital Partners LP's holdings, making the stock its 3rd biggest position. Soroban Capital Partners LP owned 0.11% of Visa worth $638,615,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in V. Vident Advisory LLC raised its holdings in shares of Visa by 239.0% during the fourth quarter. Vident Advisory LLC now owns 282,741 shares of the credit-card processor's stock worth $89,360,000 after purchasing an additional 199,336 shares during the last quarter. Visionary Wealth Advisors raised its holdings in shares of Visa by 5.3% during the fourth quarter. Visionary Wealth Advisors now owns 4,992 shares of the credit-card processor's stock worth $1,578,000 after purchasing an additional 252 shares during the last quarter. Vista Cima Wealth Management LLC purchased a new position in shares of Visa during the fourth quarter worth $210,000. Vivaldi Capital Management LP raised its holdings in shares of Visa by 1,305.6% during the fourth quarter. Vivaldi Capital Management LP now owns 23,276 shares of the credit-card processor's stock worth $7,783,000 after purchasing an additional 21,620 shares during the last quarter. Finally, WBI Investments LLC raised its holdings in shares of Visa by 176.3% during the fourth quarter. WBI Investments LLC now owns 7,963 shares of the credit-card processor's stock worth $2,517,000 after purchasing an additional 5,081 shares during the last quarter. Hedge funds and other institutional investors own 82.15% of the company's stock.

Insider Activity

In other news, CEO Ryan Mcinerney sold 8,620 shares of the business's stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $363.00, for a total value of $3,129,060.00. Following the sale, the chief executive officer now directly owns 537 shares of the company's stock, valued at approximately $194,931. The trade was a 94.14% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Paul D. Fabara sold 39,350 shares of the business's stock in a transaction that occurred on Wednesday, March 19th. The shares were sold at an average price of $340.41, for a total transaction of $13,395,133.50. Following the completion of the sale, the insider now directly owns 26,413 shares in the company, valued at $8,991,249.33. This trade represents a 59.84% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 121,948 shares of company stock valued at $41,548,282. Company insiders own 0.13% of the company's stock.

Wall Street Analyst Weigh In

V has been the subject of several recent research reports. William Blair reissued an "outperform" rating on shares of Visa in a report on Wednesday, April 30th. Wells Fargo & Company lifted their price objective on shares of Visa from $360.00 to $395.00 and gave the company an "overweight" rating in a report on Friday, January 31st. Macquarie cut their price objective on shares of Visa from $400.00 to $380.00 and set an "outperform" rating for the company in a report on Wednesday, April 30th. BMO Capital Markets lifted their price objective on shares of Visa from $370.00 to $380.00 and gave the company an "outperform" rating in a report on Wednesday, April 30th. Finally, Bank of America lifted their price objective on shares of Visa from $331.00 to $363.00 and gave the company a "neutral" rating in a report on Friday, January 31st. Six investment analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $362.38.

Visa Trading Down 0.1%

NYSE:V traded down $0.40 on Thursday, hitting $357.90. The stock had a trading volume of 4,931,414 shares, compared to its average volume of 7,018,792. 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 stock has a market cap of $660.38 billion, a price-to-earnings ratio of 36.08, a PEG ratio of 2.33 and a beta of 0.96. The company has a fifty day moving average price of $340.60 and a two-hundred day moving average price of $330.88. Visa Inc. has a 1-year low of $252.70 and a 1-year high of $369.15.

Visa (NYSE:V - Get Free Report) last posted its 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 company had revenue of $9.59 billion for the quarter, compared to analyst estimates of $9.57 billion. Visa had a net margin of 54.27% and a return on equity of 54.79%. Visa's revenue was up 9.3% on a year-over-year basis. During the same period in the previous year, the business posted $2.51 EPS. Equities research analysts expect that Visa Inc. will post 11.3 earnings per share for the current fiscal year.

Visa Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, June 2nd. Stockholders of record on Tuesday, May 13th will be paid a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a dividend yield of 0.66%. The ex-dividend date is Tuesday, May 13th. Visa's dividend payout ratio (DPR) is 23.72%.

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.