Vulcan Value Partners LLC Has $316.02 Million Stock Holdings in Visa Inc. (NYSE:V)

Key Points

• Vulcan Value Partners LLC reduced its holdings in Visa Inc. by 10.1% in Q1, now owning 902,016 shares valued at approximately $316 million.
• Visa's recent quarterly earnings exceeded expectations, reporting an EPS of $2.98 against an estimate of $2.85, with revenues of $10.17 billion.
• Insider trading activity includes significant sell-offs, with insider Paul D. Fabara and CEO Ryan Mcinerney drastically reducing their share positions by 63.63% and 94.14% respectively.

Vulcan Value Partners LLC lessened its holdings in Visa Inc. (NYSE:V - Free Report) by 10.1% during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 902,016 shares of the credit-card processor's stock after selling 101,508 shares during the period. Visa makes up approximately 5.9% of Vulcan Value Partners LLC's portfolio, making the stock its 6th biggest holding. Vulcan Value Partners LLC's holdings in Visa were worth $316,018,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. FWL Investment Management LLC lifted its stake in Visa by 0.5% in the fourth quarter. FWL Investment Management LLC now owns 6,344 shares of the credit-card processor's stock valued at $2,005,000 after purchasing an additional 29 shares during the last quarter. Yeomans Consulting Group Inc. raised its holdings in Visa by 2.9% during the 1st quarter. Yeomans Consulting Group Inc. now owns 1,027 shares of the credit-card processor's stock valued at $360,000 after acquiring an additional 29 shares during the period. Semus Wealth Partners LLC raised its holdings in Visa by 0.8% during the 1st quarter. Semus Wealth Partners LLC now owns 3,449 shares of the credit-card processor's stock valued at $1,209,000 after acquiring an additional 29 shares during the period. Capstone Financial Advisors Inc. raised its holdings in Visa by 3.6% during the 4th quarter. Capstone Financial Advisors Inc. now owns 872 shares of the credit-card processor's stock valued at $276,000 after acquiring an additional 30 shares during the period. Finally, Headinvest LLC raised its holdings in Visa by 0.8% during the 4th quarter. Headinvest LLC now owns 4,003 shares of the credit-card processor's stock valued at $1,265,000 after acquiring an additional 30 shares during the period. Hedge funds and other institutional investors own 82.15% of the company's stock.

Visa Trading Down 1.9%

NYSE V traded down $6.66 during trading on Friday, hitting $338.81. 8,655,366 shares of the company's stock traded hands, compared to its average volume of 5,746,410. The stock has a fifty day moving average of $355.06 and a two-hundred day moving average of $346.34. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.12 and a quick ratio of 1.08. Visa Inc. has a 12-month low of $254.51 and a 12-month high of $375.51. The firm has a market cap of $625.16 billion, a P/E ratio of 33.09, a PEG ratio of 2.30 and a beta of 0.94.

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

Visa Dividend Announcement

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

Analyst Ratings Changes

A number of equities research analysts have issued reports on the stock. The Goldman Sachs Group assumed coverage on shares of Visa in a report on Monday, June 2nd. They set a "neutral" rating on the stock. Oppenheimer boosted their target price on shares of Visa from $390.00 to $391.00 and gave the company an "outperform" rating in a report on Wednesday, July 2nd. Citigroup assumed coverage on shares of Visa in a report on Monday, June 2nd. They set a "buy" rating on the stock. William Blair reissued an "outperform" rating on shares of Visa in a report on Wednesday, April 30th. Finally, Piper Sandler upped their price target on shares of Visa from $383.00 to $384.00 and gave the stock an "overweight" rating in a report on Wednesday, April 30th. Five research analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $380.84.

Insider Transactions at Visa

In other news, insider Paul D. Fabara sold 11,636 shares of the stock in a transaction dated Wednesday, June 11th. The shares were sold at an average price of $375.00, for a total transaction of $4,363,500.00. Following the completion of the sale, the insider directly owned 26,413 shares in the company, valued at approximately $9,904,875. This represents a 30.58% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Ryan Mcinerney sold 8,630 shares of the 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 owned 537 shares of the company's stock, valued at approximately $190,001.34. This represents a 94.14% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 89,913 shares of company stock valued at $32,902,432. 0.13% of the stock is currently owned by company insiders.

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.