Bowie Capital Management LLC Boosts Stock Holdings in Visa Inc. (NYSE:V)

Bowie Capital Management LLC raised its position in shares of Visa Inc. (NYSE:V - Free Report) by 1.3% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 289,324 shares of the credit-card processor's stock after purchasing an additional 3,623 shares during the quarter. Visa accounts for 4.8% of Bowie Capital Management LLC's portfolio, making the stock its 12th largest position. Bowie Capital Management LLC's holdings in Visa were worth $91,438,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the company. Vanguard Group Inc. boosted its position in Visa by 4.6% in the 4th quarter. Vanguard Group Inc. now owns 159,405,343 shares of the credit-card processor's stock worth $50,378,465,000 after purchasing an additional 7,079,706 shares in the last quarter. Geode Capital Management LLC boosted its holdings in Visa by 4.4% during the fourth quarter. Geode Capital Management LLC now owns 40,345,176 shares of the credit-card processor's stock worth $12,729,901,000 after buying an additional 1,689,926 shares in the last quarter. Capital International Investors grew its position in Visa by 3.8% during the fourth quarter. Capital International Investors now owns 23,816,573 shares of the credit-card processor's stock valued at $7,526,660,000 after buying an additional 866,596 shares during the period. Capital World Investors grew its position in Visa by 1.0% during the fourth quarter. Capital World Investors now owns 23,277,622 shares of the credit-card processor's stock valued at $7,356,614,000 after buying an additional 241,057 shares during the period. Finally, Northern Trust Corp increased its holdings in Visa by 18.0% in the fourth quarter. Northern Trust Corp now owns 18,260,714 shares of the credit-card processor's stock valued at $5,771,116,000 after buying an additional 2,785,707 shares in the last quarter. Hedge funds and other institutional investors own 82.15% of the company's stock.

Visa Trading Down 0.1 %

Shares of NYSE V traded down $0.36 during midday trading on Tuesday, reaching $348.28. 3,429,903 shares of the stock were exchanged, compared to its average volume of 7,223,007. Visa Inc. has a twelve month low of $252.70 and a twelve month high of $366.54. The stock has a market capitalization of $647.02 billion, a P/E ratio of 35.11, a PEG ratio of 2.33 and a beta of 0.96. The company has a 50 day simple moving average of $337.42 and a 200 day simple moving average of $325.63. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.12 and a current ratio of 1.12.

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

Visa Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 2nd. Shareholders of record on Tuesday, May 13th will be given a $0.59 dividend. 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 0.68%. Visa's payout ratio is currently 23.72%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the company. William Blair restated an "outperform" rating on shares of Visa in a research report on Wednesday, April 30th. BMO Capital Markets raised their price objective on Visa from $370.00 to $380.00 and gave the company an "outperform" rating in a report on Wednesday, April 30th. UBS Group reduced their target price on Visa from $400.00 to $395.00 and set a "buy" rating for the company in a research note on Wednesday, April 30th. StockNews.com cut shares of Visa from a "buy" rating to a "hold" rating in a research note on Wednesday, April 16th. Finally, Evercore ISI began coverage on shares of Visa in a report on Wednesday, April 9th. They issued an "in-line" rating and a $330.00 price target for the company. Seven equities research analysts have rated the stock with a hold rating, twenty have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $362.38.

Insiders Place Their Bets

In other news, insider Paul D. Fabara sold 39,350 shares of Visa stock in a transaction on Friday, March 14th. The stock was sold at an average price of $327.20, for a total value of $12,875,320.00. Following the completion of the sale, the insider now directly owns 26,413 shares of the company's stock, valued at approximately $8,642,333.60. The trade was a 59.84 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CAO Peter M. Andreski sold 2,332 shares of the business's stock in a transaction on Friday, February 7th. The shares were sold at an average price of $349.62, for a total value of $815,313.84. Following the completion of the sale, the chief accounting officer now owns 4,488 shares in the company, valued at $1,569,094.56. This represents a 34.19 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 143,208 shares of company stock valued at $48,905,978 over the last 90 days. 0.13% of the stock is owned by company insiders.

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.