Quantinno Capital Management LP Boosts Holdings in Visa Inc. (NYSE:V)

Quantinno Capital Management LP lifted its position in shares of Visa Inc. (NYSE:V - Free Report) by 27.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 198,482 shares of the credit-card processor's stock after acquiring an additional 42,899 shares during the period. Visa makes up about 0.6% of Quantinno Capital Management LP's portfolio, making the stock its 16th largest holding. Quantinno Capital Management LP's holdings in Visa were worth $62,729,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Regent Peak Wealth Advisors LLC increased its position in Visa by 2.5% during the 4th quarter. Regent Peak Wealth Advisors LLC now owns 4,927 shares of the credit-card processor's stock worth $1,557,000 after purchasing an additional 121 shares in the last quarter. RMR Wealth Builders increased its position in Visa by 4.5% in the 4th quarter. RMR Wealth Builders now owns 15,885 shares of the credit-card processor's stock valued at $5,020,000 after acquiring an additional 677 shares during the period. Matrix Trust Co acquired a new position in Visa in the 4th quarter valued at approximately $161,000. Claro Advisors LLC increased its position in Visa by 1.7% in the 4th quarter. Claro Advisors LLC now owns 9,350 shares of the credit-card processor's stock valued at $2,955,000 after acquiring an additional 156 shares during the period. Finally, Persium Advisors LLC acquired a new position in Visa in the 4th quarter valued at approximately $549,000. Institutional investors own 82.15% of the company's stock.

Insider Activity at Visa

In related news, insider Paul D. Fabara sold 14,813 shares of the firm's stock in a transaction dated Thursday, May 8th. The shares were sold at an average price of $355.04, for a total transaction of $5,259,207.52. Following the transaction, the insider now directly owns 26,413 shares of the company's stock, valued at $9,377,671.52. This trade represents a 35.93% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Ryan Mcinerney sold 8,620 shares of the firm's stock in a transaction dated Tuesday, April 1st. The shares were sold at an average price of $350.44, for a total transaction of $3,020,792.80. Following the transaction, the chief executive officer now directly owns 537 shares in the company, valued at $188,186.28. The trade was a 94.14% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 121,948 shares of company stock valued at $41,548,282 over the last ninety days. Corporate insiders own 0.13% of the company's stock.

Visa Stock Up 0.8%

NYSE V traded up $2.93 on Friday, hitting $365.23. 5,829,909 shares of the company were exchanged, compared to its average volume of 7,022,771. The company has a market cap of $678.51 billion, a PE ratio of 36.82, a PEG 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 $366.54. The stock has a fifty day moving average of $337.92 and a 200-day moving average of $328.77. 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 released its quarterly earnings data 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. Visa had a net margin of 54.27% and a return on equity of 54.79%. The firm had revenue of $9.59 billion for the quarter, compared to analyst estimates of $9.57 billion. During the same period last year, the firm earned $2.51 earnings per share. The business's quarterly revenue was up 9.3% compared to the same quarter last year. As a group, analysts forecast that Visa Inc. will post 11.3 earnings per share for the current year.

Visa Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 2nd. Shareholders of record on Tuesday, May 13th will be paid a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a dividend yield of 0.65%. The ex-dividend date of this dividend is Tuesday, May 13th. Visa's dividend payout ratio (DPR) is 23.72%.

Wall Street Analyst Weigh In

Several brokerages have issued reports on V. UBS Group decreased their price target on shares of Visa from $400.00 to $395.00 and set a "buy" rating for the company in a research report on Wednesday, April 30th. Keefe, Bruyette & Woods restated a "hold" rating on shares of Visa in a research report on Thursday, February 13th. Barclays upped their price target on shares of Visa from $361.00 to $396.00 and gave the company an "overweight" rating in a research report on Monday, February 3rd. Evercore ISI began coverage on shares of Visa in a research report on Wednesday, April 9th. They issued an "in-line" rating and a $330.00 price target for the company. Finally, Raymond James restated an "outperform" rating and issued a $393.00 price target (up from $374.00) on shares of Visa in a research report 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. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $362.38.

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.