Tremblant Capital Group Boosts Stake in Visa Inc. (NYSE:V)

Tremblant Capital Group lifted its holdings in shares of Visa Inc. (NYSE:V - Free Report) by 14.8% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 8,116 shares of the credit-card processor's stock after purchasing an additional 1,044 shares during the quarter. Tremblant Capital Group's holdings in Visa were worth $2,565,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Regent Peak Wealth Advisors LLC boosted its position in 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 valued at $1,557,000 after buying an additional 121 shares in the last quarter. Capital & Planning LLC lifted its holdings in shares of Visa by 21.2% during 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 during the period. Woodstock Corp lifted its holdings in shares of Visa by 0.6% during the fourth quarter. Woodstock Corp now owns 36,844 shares of the credit-card processor's stock worth $11,644,000 after purchasing an additional 218 shares during the period. Yarger Wealth Strategies LLC lifted its holdings in shares of Visa by 14.0% during the fourth quarter. Yarger Wealth Strategies LLC now owns 2,309 shares of the credit-card processor's stock worth $730,000 after purchasing an additional 283 shares during the period. Finally, Procyon Advisors LLC lifted its holdings in shares of Visa by 4.5% during the fourth quarter. Procyon Advisors LLC now owns 68,681 shares of the credit-card processor's stock worth $21,706,000 after purchasing an additional 2,943 shares during the period. Institutional investors and hedge funds own 82.15% of the company's stock.

Visa Stock Performance

V traded down $0.40 during midday trading on Thursday, reaching $357.90. The company had a trading volume of 4,931,414 shares, compared to its average volume of 7,018,792. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.12 and a current ratio of 1.12. The stock has a market cap of $660.38 billion, a PE ratio of 36.08, a P/E/G ratio of 2.33 and a beta of 0.96. Visa Inc. has a 12-month low of $252.70 and a 12-month high of $369.15. The business has a 50-day moving average price of $340.60 and a two-hundred day moving average price of $330.88.

Visa (NYSE:V - Get Free Report) last released its earnings results 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. The firm had revenue of $9.59 billion for the quarter, compared to analysts' expectations of $9.57 billion. Visa had a net margin of 54.27% and a return on equity of 54.79%. The company's quarterly revenue was up 9.3% on a year-over-year basis. During the same period in the previous year, the company earned $2.51 earnings per share. On average, sell-side analysts expect that Visa Inc. will post 11.3 earnings per share for the current fiscal year.

Visa Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 2nd. Investors of record on Tuesday, May 13th will be paid a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a dividend yield of 0.66%. The ex-dividend date of this dividend is Tuesday, May 13th. Visa's payout ratio is currently 23.72%.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on V shares. Evercore ISI started coverage on shares of Visa in a research note on Wednesday, April 9th. They set an "in-line" rating and a $330.00 target price for the company. BMO Capital Markets lifted their target price on shares of Visa from $370.00 to $380.00 and gave the stock an "outperform" rating in a research note on Wednesday, April 30th. The Goldman Sachs Group lifted their target price on shares of Visa from $346.00 to $384.00 and gave the stock a "buy" rating in a research note on Friday, January 31st. Susquehanna reissued a "positive" rating on shares of Visa in a research note on Friday, March 21st. Finally, JPMorgan Chase & Co. lifted their target price on shares of Visa from $340.00 to $375.00 and gave the stock an "overweight" rating in a research note on Friday, January 31st. Six investment analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $362.38.

Insider Activity at Visa

In other Visa news, insider Paul D. Fabara sold 14,813 shares of the stock in a transaction that occurred on Thursday, May 8th. The shares were sold at an average price of $355.04, for a total value of $5,259,207.52. Following the sale, the insider now directly owns 26,413 shares in the company, valued at $9,377,671.52. This represents a 35.93% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, General Counsel Julie B. Rottenberg sold 2,575 shares of the 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 completion of the sale, the general counsel now owns 11,925 shares in the company, valued at $4,121,041.50. This represents a 17.76% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 121,948 shares of company stock worth $41,548,282. 0.13% of the stock is owned by corporate insiders.

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.