Nilsine Partners LLC cut its holdings in Visa Inc. (NYSE:V - Free Report) by 15.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 28,469 shares of the credit-card processor's stock after selling 5,275 shares during the quarter. Visa makes up approximately 1.1% of Nilsine Partners LLC's holdings, making the stock its 17th largest holding. Nilsine Partners LLC's holdings in Visa were worth $7,412,000 at the end of the most recent quarter.
Several other large investors have also bought and sold shares of V. BCK Partners Inc. purchased a new position in shares of Visa during the first quarter valued at approximately $2,717,000. Markel Corp raised its stake in Visa by 0.3% during the 1st quarter. Markel Corp now owns 961,105 shares of the credit-card processor's stock valued at $213,144,000 after buying an additional 3,065 shares during the last quarter. AMI Investment Management Inc. bought a new stake in shares of Visa during the 1st quarter valued at $2,323,000. Ergoteles LLC bought a new stake in shares of Visa during the 1st quarter valued at $538,000. Finally, XTX Topco Ltd bought a new stake in shares of Visa during the 1st quarter valued at $1,496,000. 82.15% of the stock is owned by institutional investors.
Insider Activity at Visa
In related news, CAO Peter M. Andreski sold 2,615 shares of Visa stock in a transaction that occurred on Wednesday, February 7th. The shares were sold at an average price of $278.88, for a total transaction of $729,271.20. Following the transaction, the chief accounting officer now directly owns 4,898 shares of the company's stock, valued at $1,365,954.24. The sale was disclosed in a filing with the SEC, which is accessible through this link. In other Visa news, insider Rajat Taneja sold 36,546 shares of Visa stock in a transaction on Friday, January 19th. The shares were sold at an average price of $270.20, for a total value of $9,874,729.20. Following the transaction, the insider now directly owns 232,112 shares of the company's stock, valued at $62,716,662.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Peter M. Andreski sold 2,615 shares of Visa stock in a transaction on Wednesday, February 7th. The stock was sold at an average price of $278.88, for a total transaction of $729,271.20. Following the completion of the transaction, the chief accounting officer now directly owns 4,898 shares in the company, valued at $1,365,954.24. The disclosure for this sale can be found here. Insiders have sold a total of 55,511 shares of company stock valued at $15,131,081 over the last ninety days. 0.19% of the stock is owned by company insiders.
Visa Trading Up 1.1 %
Shares of Visa stock traded up $3.14 on Friday, hitting $277.14. 4,368,406 shares of the company traded hands, compared to its average volume of 5,855,071. The stock's 50 day moving average price is $280.08 and its 200-day moving average price is $260.39. The company has a current ratio of 1.45, a quick ratio of 1.45 and a debt-to-equity ratio of 0.54. Visa Inc. has a 52 week low of $216.14 and a 52 week high of $290.96. The company has a market cap of $508.97 billion, a PE ratio of 31.89, a PEG ratio of 1.91 and a beta of 0.96.
Visa (NYSE:V - Get Free Report) last posted its quarterly earnings results on Thursday, January 25th. The credit-card processor reported $2.41 earnings per share for the quarter, beating the consensus estimate of $2.34 by $0.07. Visa had a net margin of 53.92% and a return on equity of 50.02%. The firm had revenue of $8.63 billion during the quarter, compared to the consensus estimate of $8.55 billion. During the same quarter in the previous year, the firm posted $2.18 earnings per share. The company's revenue was up 9.3% on a year-over-year basis. Equities research analysts predict that Visa Inc. will post 9.89 EPS for the current year.
Visa Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 1st. Investors of record on Friday, February 9th were issued a dividend of $0.52 per share. This represents a $2.08 annualized dividend and a yield of 0.75%. The ex-dividend date was Thursday, February 8th. Visa's payout ratio is 23.94%.
Wall Street Analysts Forecast Growth
Several research analysts recently weighed in on V shares. William Blair reaffirmed an "outperform" rating on shares of Visa in a report on Friday, January 26th. Mizuho reaffirmed a "neutral" rating and issued a $265.00 target price on shares of Visa in a report on Wednesday, March 27th. KeyCorp upped their target price on shares of Visa from $275.00 to $300.00 and gave the stock an "overweight" rating in a report on Monday, January 8th. Raymond James upped their target price on shares of Visa from $287.00 to $311.00 and gave the stock an "outperform" rating in a report on Friday, January 26th. Finally, Susquehanna upped their target price on shares of Visa from $300.00 to $326.00 and gave the stock a "positive" rating in a report on Friday, January 26th. Five investment analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the stock. According to MarketBeat, Visa has an average rating of "Moderate Buy" and an average target price of $295.82.
Read Our Latest Report on V
Visa Company Profile
(
Free Report)
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.
Further Reading
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