Visa Inc. (NYSE:V) Position Decreased by Voloridge Investment Management LLC

Voloridge Investment Management LLC decreased its holdings in shares of Visa Inc. (NYSE:V - Free Report) by 47.9% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 320,112 shares of the credit-card processor's stock after selling 294,869 shares during the period. Voloridge Investment Management LLC's holdings in Visa were worth $101,168,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in V. Regent Peak Wealth Advisors LLC boosted its holdings in shares of Visa by 2.5% in the fourth quarter. Regent Peak Wealth Advisors LLC now owns 4,927 shares of the credit-card processor's stock worth $1,557,000 after buying an additional 121 shares during the period. Capital & Planning LLC lifted its position in shares of Visa by 21.2% in the fourth quarter. Capital & Planning LLC now owns 949 shares of the credit-card processor's stock worth $300,000 after purchasing an additional 166 shares in the last quarter. Spring Capital Management LLC lifted its position in shares of Visa by 12.2% in the fourth quarter. Spring Capital Management LLC now owns 23,492 shares of the credit-card processor's stock worth $7,424,000 after purchasing an additional 2,548 shares in the last quarter. Integrated Investment Consultants LLC lifted its position in shares of Visa by 2.8% in the fourth quarter. Integrated Investment Consultants LLC now owns 2,967 shares of the credit-card processor's stock worth $938,000 after purchasing an additional 80 shares in the last quarter. Finally, Verity & Verity LLC lifted its position in shares of Visa by 137.7% in the fourth quarter. Verity & Verity LLC now owns 4,761 shares of the credit-card processor's stock worth $1,505,000 after purchasing an additional 2,758 shares in the last quarter. 82.15% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Visa

In other news, General Counsel Julie B. Rottenberg sold 2,575 shares of the firm's stock in a transaction on 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 now owns 11,925 shares in the company, valued at approximately $4,121,041.50. This trade represents a 17.76% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Paul D. Fabara sold 39,350 shares of the firm's stock in a transaction on Friday, March 14th. The stock was sold at an average price of $327.20, for a total transaction of $12,875,320.00. Following the completion of the sale, the insider now owns 26,413 shares in the company, valued at approximately $8,642,333.60. The trade was a 59.84% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 121,948 shares of company stock worth $41,548,282. Insiders own 0.13% of the company's stock.

Visa Trading Up 0.7%

NYSE:V opened at $367.76 on Tuesday. Visa Inc. has a 12 month low of $252.70 and a 12 month high of $369.15. The firm has a market cap of $678.58 billion, a price-to-earnings ratio of 37.07, a P/E/G ratio of 2.33 and a beta of 0.96. 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 company's 50 day moving average is $339.28 and its 200-day moving average is $330.43.

Visa (NYSE:V - Get Free Report) last released its quarterly earnings results on Tuesday, April 29th. The credit-card processor reported $2.76 EPS for the quarter, beating analysts' consensus estimates of $2.68 by $0.08. Visa had a net margin of 54.27% and a return on equity of 54.79%. 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 earnings per share. The company's quarterly revenue was up 9.3% compared to the same quarter last year. Equities analysts anticipate that Visa Inc. will post 11.3 EPS for the current year.

Visa Announces Dividend

The business also recently disclosed 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. The ex-dividend date of this dividend is Tuesday, May 13th. This represents a $2.36 annualized dividend and a dividend yield of 0.64%. Visa's payout ratio is 23.72%.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on V shares. JPMorgan Chase & Co. increased their price target on shares of Visa from $340.00 to $375.00 and gave the stock an "overweight" rating in a research report on Friday, January 31st. William Blair reissued an "outperform" rating on shares of Visa in a research report on Wednesday, April 30th. Macquarie reduced their price target on shares of Visa from $400.00 to $380.00 and set an "outperform" rating for the company in a research report on Wednesday, April 30th. The Goldman Sachs Group increased their price target on shares of Visa from $346.00 to $384.00 and gave the stock a "buy" rating in a research report on Friday, January 31st. Finally, Oppenheimer reissued an "outperform" rating on shares of Visa in a research report on Thursday, February 13th. 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 stock. According to MarketBeat, Visa currently has an average rating of "Moderate Buy" and a consensus price target of $362.38.

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.

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