Westfield Capital Management Co. LP Has $282.82 Million Stock Position in Visa Inc. (NYSE:V)

Westfield Capital Management Co. LP trimmed its holdings in shares of Visa Inc. (NYSE:V - Free Report) by 1.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,086,319 shares of the credit-card processor's stock after selling 12,739 shares during the quarter. Visa comprises about 1.6% of Westfield Capital Management Co. LP's holdings, making the stock its 8th largest position. Westfield Capital Management Co. LP owned 0.06% of Visa worth $282,823,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. GoalVest Advisory LLC increased its stake in shares of Visa by 3.4% in the fourth quarter. GoalVest Advisory LLC now owns 1,217 shares of the credit-card processor's stock worth $317,000 after purchasing an additional 40 shares in the last quarter. Destiny Wealth Partners LLC raised its holdings in Visa by 2.5% during the fourth quarter. Destiny Wealth Partners LLC now owns 1,668 shares of the credit-card processor's stock valued at $433,000 after acquiring an additional 40 shares during the period. TCI Wealth Advisors Inc. lifted its position in shares of Visa by 0.8% in the fourth quarter. TCI Wealth Advisors Inc. now owns 5,107 shares of the credit-card processor's stock valued at $1,330,000 after acquiring an additional 40 shares in the last quarter. GW&K Investment Management LLC boosted its stake in shares of Visa by 4.5% in the fourth quarter. GW&K Investment Management LLC now owns 934 shares of the credit-card processor's stock worth $243,000 after acquiring an additional 40 shares during the period. Finally, Sunflower Bank N.A. grew its position in shares of Visa by 1.3% during the fourth quarter. Sunflower Bank N.A. now owns 3,143 shares of the credit-card processor's stock worth $818,000 after purchasing an additional 41 shares in the last quarter. Hedge funds and other institutional investors own 82.15% of the company's stock.

Insider Transactions at Visa

In other Visa news, insider Paul D. Fabara sold 25,293 shares of the business's stock in a transaction dated Wednesday, May 15th. The stock was sold at an average price of $277.15, for a total transaction of $7,009,954.95. Following the sale, the insider now owns 17,894 shares in the company, valued at approximately $4,959,322.10. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In related news, CEO Ryan Mcinerney sold 8,200 shares of the business's stock in a transaction on Monday, April 1st. The shares were sold at an average price of $280.36, for a total transaction of $2,298,952.00. Following the completion of the transaction, the chief executive officer now directly owns 538 shares in the company, valued at $150,833.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Paul D. Fabara sold 25,293 shares of the stock in a transaction dated Wednesday, May 15th. The stock was sold at an average price of $277.15, for a total value of $7,009,954.95. Following the sale, the insider now directly owns 17,894 shares in the company, valued at $4,959,322.10. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 34,402 shares of company stock worth $9,559,382. Company insiders own 0.19% of the company's stock.

Analyst Ratings Changes

Several brokerages have commented on V. William Blair reiterated an "outperform" rating on shares of Visa in a research note on Wednesday, April 24th. Oppenheimer increased their price target on Visa from $297.00 to $299.00 and gave the company an "outperform" rating in a research note on Wednesday, April 24th. Redburn Atlantic reaffirmed a "neutral" rating and issued a $307.00 price objective on shares of Visa in a research note on Wednesday, March 27th. Barclays increased their target price on Visa from $304.00 to $319.00 and gave the company an "overweight" rating in a research report on Monday, January 29th. Finally, Evercore ISI upped their price target on shares of Visa from $325.00 to $335.00 and gave the company an "outperform" rating in a research note on Tuesday, March 26th. Five research analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the stock. Based on data from MarketBeat.com, Visa currently has a consensus rating of "Moderate Buy" and an average price target of $303.76.

Visa Stock Up 0.1 %

Shares of NYSE:V traded up $0.26 during trading on Friday, reaching $274.49. The stock had a trading volume of 4,316,397 shares, compared to its average volume of 6,322,635. The firm's 50-day simple moving average is $276.70 and its 200 day simple moving average is $269.71. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 0.53. Visa Inc. has a one year low of $216.14 and a one year high of $290.96. The company has a market capitalization of $502.03 billion, a P/E ratio of 30.67, a PEG ratio of 1.89 and a beta of 0.95.

Visa (NYSE:V - Get Free Report) last issued its quarterly earnings data on Tuesday, April 23rd. The credit-card processor reported $2.51 EPS for the quarter, beating the consensus estimate of $2.43 by $0.08. Visa had a return on equity of 51.23% and a net margin of 53.87%. The firm had revenue of $8.78 billion during the quarter, compared to analyst estimates of $8.62 billion. During the same quarter in the prior year, the business posted $2.09 EPS. The business's revenue for the quarter was up 9.9% compared to the same quarter last year. As a group, research analysts expect that Visa Inc. will post 9.94 EPS for the current fiscal year.

Visa Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, June 3rd. Shareholders of record on Friday, May 17th will be issued a $0.52 dividend. The ex-dividend date is Thursday, May 16th. This represents a $2.08 dividend on an annualized basis and a dividend yield of 0.76%. Visa's dividend payout ratio is currently 23.24%.

About Visa

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.

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