Visa Inc. (NYSE:V) Shares Acquired by Marshfield Associates

Marshfield Associates grew its stake in shares of Visa Inc. (NYSE:V - Free Report) by 0.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 933,781 shares of the credit-card processor's stock after buying an additional 2,248 shares during the period. Visa accounts for 6.4% of Marshfield Associates' portfolio, making the stock its 6th biggest holding. Marshfield Associates owned 0.05% of Visa worth $295,112,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently made changes to their positions in V. Second Half Financial Partners LLC bought a new stake in Visa during the fourth quarter valued at about $551,000. Public Employees Retirement Association of Colorado grew its position in shares of Visa by 1.2% during the fourth quarter. Public Employees Retirement Association of Colorado now owns 1,485,091 shares of the credit-card processor's stock worth $469,348,000 after purchasing an additional 17,613 shares in the last quarter. Criteria Caixa S.A.U. bought a new stake in Visa during the 4th quarter valued at approximately $18,229,000. Mendel Capital Management LLC lifted its holdings in Visa by 4.1% in the 4th quarter. Mendel Capital Management LLC now owns 3,516 shares of the credit-card processor's stock worth $1,111,000 after purchasing an additional 139 shares in the last quarter. Finally, Whalerock Point Partners LLC boosted its stake in Visa by 0.4% in the 4th quarter. Whalerock Point Partners LLC now owns 51,542 shares of the credit-card processor's stock worth $16,289,000 after purchasing an additional 229 shares during the period. 82.15% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Visa

In other news, CEO Ryan Mcinerney sold 8,620 shares of the business's stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $363.00, for a total value of $3,129,060.00. Following the completion of the transaction, the chief executive officer now directly owns 537 shares of the company's stock, valued at approximately $194,931. The trade was a 94.14 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Tullier Kelly Mahon sold 33,741 shares of the company's stock in a transaction on Friday, February 7th. The stock was sold at an average price of $349.77, for a total value of $11,801,589.57. Following the sale, the insider now owns 36,566 shares of the company's stock, valued at $12,789,689.82. This trade represents a 47.99 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 143,205 shares of company stock valued at $48,842,490. Company insiders own 0.13% of the company's stock.

Visa Trading Up 1.5 %

Visa stock traded up $5.21 during trading hours on Friday, hitting $347.66. The company had a trading volume of 6,112,675 shares, compared to its average volume of 7,216,436. The firm has a market cap of $645.87 billion, a P/E ratio of 35.05, a P/E/G ratio of 2.33 and a beta of 0.94. The company has a 50-day moving average price of $337.69 and a two-hundred day moving average price of $324.10. Visa Inc. has a 1 year low of $252.70 and a 1 year high of $366.54. 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 released its quarterly earnings data on Tuesday, April 29th. The credit-card processor reported $2.76 EPS for the quarter, topping the consensus estimate 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 period last year, the business posted $2.51 EPS. Visa's quarterly revenue was up 9.3% on a year-over-year basis. On average, sell-side analysts anticipate that Visa Inc. will post 11.3 earnings per share for the current year.

Visa Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 2nd. Shareholders of record on Tuesday, May 13th will be issued a dividend of $0.59 per share. This represents a $2.36 annualized dividend and a yield of 0.68%. The ex-dividend date is Tuesday, May 13th. Visa's payout ratio is 23.79%.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the stock. Bank of America lifted their price objective on shares of Visa from $331.00 to $363.00 and gave the company a "neutral" rating in a research report on Friday, January 31st. BMO Capital Markets boosted their price target on shares of Visa from $370.00 to $380.00 and gave the stock an "outperform" rating in a research note on Wednesday. Wells Fargo & Company raised their price objective on Visa from $360.00 to $395.00 and gave the company an "overweight" rating in a research report on Friday, January 31st. Macquarie decreased their target price on Visa from $400.00 to $380.00 and set an "outperform" rating on the stock in a research report on Wednesday. Finally, The Goldman Sachs Group raised their price target on Visa from $346.00 to $384.00 and gave the company a "buy" rating in a report on Friday, January 31st. Seven equities research analysts have rated the stock with a hold rating, twenty have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $362.38.

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.