Snyder Capital Management L P Sells 3,170 Shares of Visa Inc. (NYSE:V)

Snyder Capital Management L P reduced its holdings in Visa Inc. (NYSE:V - Free Report) by 1.9% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 162,809 shares of the credit-card processor's stock after selling 3,170 shares during the quarter. Snyder Capital Management L P's holdings in Visa were worth $51,454,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the business. Lord Abbett & CO. LLC raised its position in shares of Visa by 35.7% in the 4th quarter. Lord Abbett & CO. LLC now owns 9,487 shares of the credit-card processor's stock worth $2,998,000 after acquiring an additional 2,496 shares in the last quarter. Rothschild Capital Partners LLC grew its position in shares of Visa by 10.9% during the 4th quarter. Rothschild Capital Partners LLC now owns 41,365 shares of the credit-card processor's stock worth $13,073,000 after buying an additional 4,082 shares during the period. Kovitz Investment Group Partners LLC lifted its position in shares of Visa by 295.4% during the 4th quarter. Kovitz Investment Group Partners LLC now owns 2,362,202 shares of the credit-card processor's stock valued at $746,550,000 after acquiring an additional 1,764,781 shares during the period. Topsail Wealth Management LLC acquired a new stake in Visa in the fourth quarter worth $1,676,000. Finally, Hancock Whitney Corp grew its holdings in Visa by 0.9% in the fourth quarter. Hancock Whitney Corp now owns 94,394 shares of the credit-card processor's stock worth $29,832,000 after purchasing an additional 824 shares during the period. Institutional investors own 82.15% of the company's stock.

Insider Buying and Selling at Visa

In other news, CEO Ryan Mcinerney sold 8,620 shares of the company's stock in a transaction that occurred on Tuesday, April 1st. The shares were sold at an average price of $350.44, for a total value of $3,020,792.80. Following the transaction, the chief executive officer now owns 537 shares in the company, valued at approximately $188,186.28. This represents a 94.14 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CAO Peter M. Andreski sold 2,332 shares of the business's stock in a transaction on Friday, February 7th. The stock was sold at an average price of $349.62, for a total value of $815,313.84. Following the completion of the transaction, the chief accounting officer now owns 4,488 shares of the company's stock, valued at $1,569,094.56. This represents a 34.19 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 143,205 shares of company stock valued at $48,842,490. 0.13% of the stock is currently owned by company insiders.

Visa Price Performance

Shares of V stock traded up $2.34 during trading hours on Tuesday, hitting $339.85. 2,097,753 shares of the company's stock were exchanged, compared to its average volume of 7,184,310. The company has a market capitalization of $631.36 billion, a PE ratio of 34.21, a PEG ratio of 2.33 and a beta of 0.94. 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 Inc. has a 12-month low of $252.70 and a 12-month high of $366.54. The business's 50 day simple moving average is $338.07 and its 200-day simple moving average is $323.40.

Visa (NYSE:V - Get Free Report) last released its earnings results on Thursday, January 30th. The credit-card processor reported $2.75 earnings per share for the quarter, beating analysts' consensus estimates of $2.66 by $0.09. Visa had a return on equity of 54.79% and a net margin of 54.27%. On average, equities research analysts anticipate 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 was paid on Monday, March 3rd. Shareholders of record on Tuesday, February 11th were issued a $0.59 dividend. This represents a $2.36 annualized dividend and a yield of 0.69%. The ex-dividend date was Tuesday, February 11th. Visa's dividend payout ratio (DPR) is currently 23.79%.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on V shares. Bank of America increased their price target on Visa from $331.00 to $363.00 and gave the stock a "neutral" rating in a report on Friday, January 31st. William Blair restated an "outperform" rating on shares of Visa in a report on Friday, January 31st. Piper Sandler reiterated an "overweight" rating and set a $383.00 price objective (up from $368.00) on shares of Visa in a report on Friday, January 31st. Susquehanna reaffirmed a "positive" rating on shares of Visa in a research report on Friday, March 21st. Finally, Keefe, Bruyette & Woods restated a "hold" rating on shares of Visa in a report on Thursday, February 13th. Seven research analysts have rated the stock with a hold rating, twenty have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $358.17.

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.