Visa Inc. (NYSE:V) Stock Position Trimmed by Wedgewood Partners Inc.

Wedgewood Partners Inc. decreased its position in Visa Inc. (NYSE:V - Free Report) by 4.3% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 121,199 shares of the credit-card processor's stock after selling 5,439 shares during the period. Visa makes up approximately 7.5% of Wedgewood Partners Inc.'s holdings, making the stock its 6th biggest position. Wedgewood Partners Inc.'s holdings in Visa were worth $38,304,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Wimmer Associates 1 LLC raised its holdings in Visa by 0.4% during the fourth quarter. Wimmer Associates 1 LLC now owns 21,083 shares of the credit-card processor's stock worth $6,663,000 after purchasing an additional 85 shares in the last quarter. St. Clair Advisors LLC acquired a new stake in shares of Visa during the fourth quarter valued at approximately $816,000. Tremblant Capital Group raised its holdings in shares of Visa by 14.8% during the fourth quarter. Tremblant Capital Group now owns 8,116 shares of the credit-card processor's stock valued at $2,565,000 after acquiring an additional 1,044 shares during the period. Texas Bank & Trust Co acquired a new position in Visa in the 4th quarter valued at approximately $3,390,000. Finally, Teza Capital Management LLC acquired a new position in Visa in the 4th quarter valued at approximately $6,491,000. Institutional investors own 82.15% of the company's stock.

Analysts Set New Price Targets

Several research analysts have weighed in on the stock. Raymond James reiterated an "outperform" rating and issued a $393.00 price objective (up previously from $374.00) on shares of Visa in a research note on Friday, January 31st. Macquarie dropped their price target on shares of Visa from $400.00 to $380.00 and set an "outperform" rating on the stock in a research note on Wednesday, April 30th. Piper Sandler increased their price target on shares of Visa from $383.00 to $384.00 and gave the stock an "overweight" rating in a research note 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 note on Friday, January 31st. Finally, 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 note on Friday, January 31st. Six research analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Visa has a consensus rating of "Moderate Buy" and a consensus target price of $362.38.

Visa Stock Performance

Shares of V traded down $0.40 on Thursday, reaching $357.90. 4,931,414 shares of the company's stock traded hands, compared to its average volume of 7,018,792. The stock's 50 day simple moving average is $340.60 and its two-hundred day simple moving average is $330.88. The stock has a market cap of $660.38 billion, a PE ratio of 36.08, a PEG ratio of 2.33 and a beta of 0.96. Visa Inc. has a 52-week low of $252.70 and a 52-week high of $369.15. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.45.

Visa (NYSE:V - Get Free Report) last announced its earnings results on Tuesday, April 29th. The credit-card processor reported $2.76 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.68 by $0.08. The firm had revenue of $9.59 billion during the quarter, compared to analyst estimates of $9.57 billion. Visa had a return on equity of 54.79% and a net margin of 54.27%. The business's revenue was up 9.3% compared to the same quarter last year. During the same period last year, the firm posted $2.51 EPS. On average, analysts forecast that Visa Inc. will post 11.3 earnings per share for the current fiscal year.

Visa Announces Dividend

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

Insiders Place Their Bets

In other Visa news, insider Paul D. Fabara sold 39,350 shares of the company's stock in a transaction dated Friday, March 14th. The shares were sold at an average price of $327.20, for a total transaction of $12,875,320.00. Following the sale, the insider now directly owns 26,413 shares of the company's stock, valued at $8,642,333.60. This represents a 59.84% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, General Counsel Julie B. Rottenberg sold 2,575 shares of the stock in a transaction dated 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 directly owns 11,925 shares in the company, valued at approximately $4,121,041.50. The trade was a 17.76% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 121,948 shares of company stock valued at $41,548,282. Company insiders own 0.13% of the company's stock.

Visa Company 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.