Visa Inc. $V is Grafton Street Partners Fund LP's 7th Largest Position

Key Points

• Grafton Street Partners Fund LP reduced its stake in Visa Inc. by 9.6% during the first quarter, leaving it with 26,762 shares, which accounts for 7.2% of the fund's holdings.
• Visa reported $2.98 earnings per share for the latest quarter, exceeding analysts' estimates by $0.13, along with a quarterly revenue of $10.17 billion.
• The company announced a quarterly dividend of $0.59 per share, scheduled for payment on September 2nd, with a dividend yield of 0.7%.

Grafton Street Partners Fund LP cut its position in Visa Inc. (NYSE:V - Free Report) by 9.6% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 26,762 shares of the credit-card processor's stock after selling 2,851 shares during the period. Visa makes up 7.2% of Grafton Street Partners Fund LP's holdings, making the stock its 7th largest position. Grafton Street Partners Fund LP's holdings in Visa were worth $9,379,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Keystone Global Partners LLC acquired a new stake in Visa in the first quarter valued at approximately $26,000. von Borstel & Associates Inc. acquired a new stake in shares of Visa in the first quarter worth approximately $27,000. Measured Risk Portfolios Inc. acquired a new position in Visa during the fourth quarter worth $47,000. O Brien Wealth Partners LLC acquired a new position in Visa during the first quarter worth $54,000. Finally, Global X Japan Co. Ltd. acquired a new position in Visa during the first quarter worth $56,000. 82.15% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages have recently commented on V. Jefferies Financial Group upped their price target on Visa from $400.00 to $410.00 and gave the company a "buy" rating in a research note on Tuesday, May 27th. UBS Group restated a "buy" rating and set a $415.00 price target (up previously from $405.00) on shares of Visa in a report on Wednesday, July 30th. Morgan Stanley increased their price objective on Visa from $386.00 to $402.00 and gave the company an "overweight" rating in a report on Wednesday, July 30th. Deutsche Bank Aktiengesellschaft began coverage on Visa in a report on Thursday, July 17th. They issued a "buy" rating and a $410.00 price objective on the stock. Finally, Citigroup began coverage on Visa in a research report on Monday, June 2nd. They issued a "buy" rating for the company. One analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $380.84.

Insider Buying and Selling

In related news, CEO Ryan Mcinerney sold 8,630 shares of the business's stock in a transaction dated Tuesday, July 1st. The stock was sold at an average price of $353.82, for a total value of $3,053,466.60. Following the transaction, the chief executive officer owned 537 shares in the company, valued at approximately $190,001.34. The trade was a 94.14% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Paul D. Fabara sold 46,214 shares of the company's stock in a transaction that occurred on Thursday, June 5th. The shares were sold at an average price of $370.00, for a total value of $17,099,180.00. Following the sale, the insider owned 26,413 shares in the company, valued at $9,772,810. The trade was a 63.63% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 77,127 shares of company stock worth $28,340,553. 0.13% of the stock is currently owned by corporate insiders.

Visa Price Performance

V stock traded up $2.06 during midday trading on Friday, hitting $351.92. 3,670,969 shares of the stock were exchanged, compared to its average volume of 6,106,106. Visa Inc. has a fifty-two week low of $268.23 and a fifty-two week high of $375.51. The stock has a market cap of $645.00 billion, a price-to-earnings ratio of 34.37, a PEG ratio of 2.34 and a beta of 0.94. The stock's 50-day moving average price is $348.35 and its 200-day moving average price is $347.44. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.12 and a current ratio of 1.12.

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

Visa Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 2nd. Investors of record on Tuesday, August 12th will be paid a $0.59 dividend. The ex-dividend date is Tuesday, August 12th. This represents a $2.36 annualized dividend and a dividend yield of 0.7%. Visa's payout ratio is 23.05%.

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.