Universal Beteiligungs und Servicegesellschaft mbH Takes Position in Visa Inc. (NYSE:V)

Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in shares of Visa Inc. (NYSE:V - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 2,131,658 shares of the credit-card processor's stock, valued at approximately $673,689,000. Visa accounts for approximately 1.3% of Universal Beteiligungs und Servicegesellschaft mbH's portfolio, making the stock its 10th biggest position. Universal Beteiligungs und Servicegesellschaft mbH owned approximately 0.11% of Visa at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. boosted its stake in Visa by 4.6% during the fourth quarter. Vanguard Group Inc. now owns 159,405,343 shares of the credit-card processor's stock valued at $50,378,465,000 after buying an additional 7,079,706 shares during the last quarter. Geode Capital Management LLC increased its stake in Visa by 4.4% in the fourth quarter. Geode Capital Management LLC now owns 40,345,176 shares of the credit-card processor's stock worth $12,729,901,000 after purchasing an additional 1,689,926 shares during the period. Capital International Investors lifted its holdings in Visa by 3.8% during the 4th quarter. Capital International Investors now owns 23,816,573 shares of the credit-card processor's stock valued at $7,526,660,000 after buying an additional 866,596 shares in the last quarter. Capital World Investors boosted its position in Visa by 1.0% in the 4th quarter. Capital World Investors now owns 23,277,622 shares of the credit-card processor's stock valued at $7,356,614,000 after buying an additional 241,057 shares during the period. Finally, Northern Trust Corp grew its stake 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 worth $5,771,116,000 after acquiring an additional 2,785,707 shares in the last quarter. 82.15% of the stock is currently owned by institutional investors.

Insider Transactions at Visa

In other Visa news, General Counsel Julie B. Rottenberg sold 2,575 shares of the stock in a transaction dated Thursday, May 1st. The shares were sold at an average price of $345.58, for a total transaction of $889,868.50. Following the completion of the transaction, the general counsel now owns 11,925 shares of the company's stock, valued at $4,121,041.50. This trade represents a 17.76% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Ryan Mcinerney sold 8,620 shares of Visa stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $363.00, for a total transaction of $3,129,060.00. Following the completion of the sale, the chief executive officer now owns 537 shares of the company's stock, valued at $194,931. This trade represents a 94.14% decrease in their position. The disclosure for this sale can be found here. Insiders sold 121,948 shares of company stock worth $41,548,282 in the last 90 days. Insiders own 0.13% of the company's stock.

Visa Price Performance

NYSE:V traded up $3.03 during trading hours on Friday, hitting $365.43. 8,725,638 shares of the stock were exchanged, compared to its average volume of 6,501,640. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.45. Visa Inc. has a 52-week low of $252.70 and a 52-week high of $369.15. The company has a market cap of $674.28 billion, a P/E ratio of 36.84, a P/E/G ratio of 2.33 and a beta of 0.96. The firm's fifty day moving average price is $342.99 and its 200 day moving average price is $333.16.

Visa (NYSE:V - Get Free Report) last announced its quarterly earnings data on Tuesday, April 29th. The credit-card processor reported $2.76 earnings per share for the quarter, beating analysts' consensus estimates of $2.68 by $0.08. Visa had a return on equity of 54.79% and a net margin of 54.27%. The company had revenue of $9.59 billion for the quarter, compared to analyst estimates of $9.57 billion. During the same quarter last year, the firm posted $2.51 EPS. The firm's revenue for the quarter 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 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 issued a dividend of $0.59 per share. The ex-dividend date of this dividend is Tuesday, May 13th. This represents a $2.36 annualized dividend and a dividend yield of 0.65%. Visa's dividend payout ratio is presently 23.72%.

Analyst Ratings Changes

Several research analysts recently issued reports on the company. Macquarie dropped their price objective on Visa from $400.00 to $380.00 and set an "outperform" rating on the stock in a research note on Wednesday, April 30th. Raymond James reaffirmed an "outperform" rating and set a $393.00 price target (up from $374.00) on shares of Visa in a research report on Friday, January 31st. Evercore ISI started coverage on shares of Visa in a research note on Wednesday, April 9th. They issued an "in-line" rating and a $330.00 target price for the company. The Goldman Sachs Group boosted their price target on Visa from $346.00 to $384.00 and gave the company a "buy" rating in a research note on Friday, January 31st. Finally, Oppenheimer reissued an "outperform" rating on shares of Visa in a report on Thursday, February 13th. 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 company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $366.13.

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.