Visa Inc. (NYSE:V) Stock Holdings Lifted by Forum Financial Management LP

Forum Financial Management LP lifted its position in Visa Inc. (NYSE:V - Free Report) by 13.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 10,047 shares of the credit-card processor's stock after buying an additional 1,208 shares during the quarter. Forum Financial Management LP's holdings in Visa were worth $3,175,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of V. Norges Bank acquired a new position in shares of Visa during the 4th quarter worth about $5,171,271,000. Vanguard Group Inc. boosted its position in shares of Visa by 4.6% during 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 in the last quarter. Raymond James Financial Inc. acquired a new position in shares of Visa during the 4th quarter worth about $1,955,403,000. Proficio Capital Partners LLC boosted its position in shares of Visa by 17,018.7% during the 4th quarter. Proficio Capital Partners LLC now owns 3,949,118 shares of the credit-card processor's stock worth $1,248,079,000 after acquiring an additional 3,926,049 shares in the last quarter. Finally, Northern Trust Corp boosted its position in shares of Visa by 18.0% during 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. Hedge funds and other institutional investors own 82.15% of the company's stock.

Insider Transactions at Visa

In related news, General Counsel Julie B. Rottenberg sold 2,575 shares of the business's stock in a transaction that occurred on Thursday, May 1st. The stock was sold at an average price of $345.58, for a total transaction of $889,868.50. Following the sale, the general counsel now owns 11,925 shares of the company's stock, valued at $4,121,041.50. The trade was a 17.76% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Ryan Mcinerney sold 8,620 shares of the business's stock in a transaction that occurred on Monday, March 3rd. The stock was 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 in the company, valued at approximately $194,931. The trade was a 94.14% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 121,948 shares of company stock worth $41,548,282. Company insiders own 0.13% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the company. Susquehanna reissued a "positive" rating on shares of Visa in a research report on Friday, March 21st. Evercore ISI assumed coverage on Visa in a research report on Wednesday, April 9th. They issued an "in-line" rating and a $330.00 target price for the company. Raymond James reissued an "outperform" rating and issued a $393.00 target price (up from $374.00) on shares of Visa in a research report on Friday, January 31st. Citigroup reissued a "neutral" rating on shares of Visa in a research report on Thursday, February 13th. Finally, JPMorgan Chase & Co. upped their target price on Visa from $340.00 to $375.00 and gave the company an "overweight" rating in a research report on Friday, January 31st. Six research analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $366.13.

Visa Stock Performance

V stock traded up $2.38 during midday trading on Thursday, reaching $362.11. The company had a trading volume of 1,960,153 shares, compared to its average volume of 6,515,098. 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 50 day moving average price of $342.62 and a 200 day moving average price of $332.80. Visa Inc. has a fifty-two week low of $252.70 and a fifty-two week high of $369.15. The firm has a market capitalization of $668.14 billion, a PE ratio of 36.50, a P/E/G ratio of 2.33 and a beta of 0.96.

Visa (NYSE:V - Get Free Report) last issued its 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 return on equity of 54.79% and a net margin of 54.27%. The company had revenue of $9.59 billion during the quarter, compared to the consensus estimate of $9.57 billion. During the same period in the previous year, the firm posted $2.51 earnings per share. Visa's quarterly revenue was up 9.3% compared to the same quarter last year. Analysts anticipate that Visa Inc. will post 11.3 earnings per share for the current year.

Visa Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 2nd. Stockholders of record on Tuesday, May 13th will be given 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%.

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.