Twin Capital Management Inc. Has $10.86 Million Stock Position in Visa Inc. (NYSE:V)

Twin Capital Management Inc. increased its position in Visa Inc. (NYSE:V - Free Report) by 27.4% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 30,986 shares of the credit-card processor's stock after acquiring an additional 6,665 shares during the period. Visa makes up 1.3% of Twin Capital Management Inc.'s portfolio, making the stock its 11th biggest position. Twin Capital Management Inc.'s holdings in Visa were worth $10,859,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in V. Norges Bank acquired a new stake in Visa in the 4th quarter worth approximately $5,171,271,000. GAMMA Investing LLC increased its holdings in shares of Visa by 38,416.3% during the 1st quarter. GAMMA Investing LLC now owns 14,761,375 shares of the credit-card processor's stock worth $5,173,271,000 after purchasing an additional 14,723,050 shares during the period. Vanguard Group Inc. lifted its position in shares of Visa by 4.6% in the 4th quarter. Vanguard Group Inc. now owns 159,405,343 shares of the credit-card processor's stock worth $50,378,465,000 after acquiring an additional 7,079,706 shares during the period. Northern Trust Corp increased its holdings in Visa by 18.0% in the 4th quarter. Northern Trust Corp now owns 18,260,714 shares of the credit-card processor's stock valued at $5,771,116,000 after buying an additional 2,785,707 shares during the period. Finally, Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in shares of Visa in the 4th quarter worth approximately $673,689,000. 82.15% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

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 shares were sold at an average price of $370.00, for a total value of $17,099,180.00. Following the sale, the insider directly owned 26,413 shares in the company, valued at approximately $9,772,810. The trade was a 63.63% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Ryan Mcinerney sold 8,630 shares of the firm's stock in a transaction dated 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 transaction, the chief executive officer owned 537 shares of the company's stock, valued at approximately $190,001.34. This trade represents a 94.14% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 101,108 shares of company stock worth $36,771,200. 0.13% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of research firms recently commented on V. Oppenheimer upped their price objective on shares of Visa from $390.00 to $391.00 and gave the company an "outperform" rating in a research report on Wednesday, July 2nd. UBS Group lifted their price target on shares of Visa from $395.00 to $405.00 and gave the company a "buy" rating in a research report on Wednesday, May 28th. Citigroup assumed coverage on Visa in a research note on Monday, June 2nd. They set a "buy" rating for the company. Evercore ISI started coverage on Visa in a research note on Wednesday, April 9th. They set an "in-line" rating and a $330.00 price target on the stock. Finally, Barclays reiterated an "overweight" rating on shares of Visa in a research note on Friday, June 13th. Five 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 stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $375.52.

Visa Price Performance

Shares of V stock traded up $1.85 during trading hours on Monday, hitting $350.90. The company's stock had a trading volume of 5,215,544 shares, compared to its average volume of 6,789,209. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 0.45. Visa Inc. has a twelve month low of $252.70 and a twelve month high of $375.51. The stock has a market cap of $647.46 billion, a price-to-earnings ratio of 35.27, a P/E/G ratio of 2.36 and a beta of 0.92. The business has a fifty day moving average of $356.82 and a 200-day moving average of $344.02.

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

Visa Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 2nd. Investors of record on Tuesday, May 13th were issued a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a yield of 0.67%. The ex-dividend date of this dividend was Tuesday, May 13th. Visa's dividend payout ratio (DPR) is 23.72%.

Visa 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.