Visa Inc. (NYSE:V) Position Increased by Gallacher Capital Management LLC

Gallacher Capital Management LLC lifted its stake in Visa Inc. (NYSE:V - Free Report) by 95.8% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 2,181 shares of the credit-card processor's stock after acquiring an additional 1,067 shares during the period. Gallacher Capital Management LLC's holdings in Visa were worth $764,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of the stock. Norges Bank purchased a new stake in Visa during the fourth quarter valued at about $5,171,271,000. GAMMA Investing LLC increased its stake in shares of Visa by 38,416.3% during the first 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 in the last quarter. Vanguard Group Inc. boosted its holdings in Visa by 4.6% in the 4th quarter. Vanguard Group Inc. now owns 159,405,343 shares of the credit-card processor's stock valued at $50,378,465,000 after purchasing an additional 7,079,706 shares during the last quarter. Northern Trust Corp increased its holdings in 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 purchasing an additional 2,785,707 shares during the period. Finally, Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in shares of Visa in the fourth quarter valued at $673,689,000. Institutional investors and hedge funds own 82.15% of the company's stock.

Analysts Set New Price Targets

Several research firms recently weighed in on V. Barclays reiterated an "overweight" rating on shares of Visa in a research note on Friday, June 13th. Mizuho upgraded shares of Visa from a "neutral" rating to an "outperform" rating and increased their target price for the stock from $359.00 to $425.00 in a research report on Thursday, June 5th. The Goldman Sachs Group started coverage on shares of Visa in a research note on Monday, June 2nd. They set a "neutral" rating for the company. Deutsche Bank Aktiengesellschaft started coverage on shares of Visa in a research report on Thursday. They issued a "buy" rating and a $410.00 price objective on the stock. Finally, William Blair reissued an "outperform" rating on shares of Visa in a research note on Wednesday, April 30th. Five analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Visa currently has an average rating of "Moderate Buy" and a consensus price target of $375.52.

Insider Activity at Visa

In related news, General Counsel Julie B. Rottenberg sold 2,575 shares of the company'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 transaction, the general counsel directly owned 11,925 shares of the company's stock, valued at approximately $4,121,041.50. This represents a 17.76% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Ryan Mcinerney sold 8,630 shares of the stock in a transaction on Tuesday, July 1st. The shares were sold at an average price of $353.82, for a total value of $3,053,466.60. Following the transaction, the chief executive officer directly owned 537 shares of the company's stock, valued at approximately $190,001.34. This trade represents a 94.14% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 101,108 shares of company stock worth $36,771,200 in the last ninety days. 0.13% of the stock is owned by company insiders.

Visa Trading Up 0.5%

NYSE V traded up $1.85 during trading hours on Monday, reaching $350.90. The company had a trading volume of 5,215,544 shares, compared to its average volume of 6,789,211. The stock has a market capitalization of $647.46 billion, a P/E ratio of 32.81, a price-to-earnings-growth ratio of 2.36 and a beta of 0.92. Visa Inc. has a 1-year low of $252.70 and a 1-year high of $375.51. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 0.45. The stock has a 50-day moving average of $356.82 and a 200 day moving average of $344.02.

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

Visa Dividend Announcement

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