Unisphere Establishment Has $482.66 Million Stock Position in Visa Inc. (NYSE:V)

Unisphere Establishment boosted its position in Visa Inc. (NYSE:V - Free Report) by 1.5% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,527,200 shares of the credit-card processor's stock after acquiring an additional 22,200 shares during the period. Visa accounts for 4.2% of Unisphere Establishment's investment portfolio, making the stock its 9th biggest position. Unisphere Establishment owned approximately 0.08% of Visa worth $482,656,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the company. Decker Retirement Planning Inc. purchased a new stake in Visa in the fourth quarter worth $26,000. Bradley & Co. Private Wealth Management LLC bought a new position in shares of Visa in the 4th quarter worth about $27,000. POM Investment Strategies LLC boosted its stake in Visa by 48.5% during the fourth quarter. POM Investment Strategies LLC now owns 98 shares of the credit-card processor's stock worth $31,000 after acquiring an additional 32 shares in the last quarter. Modus Advisors LLC bought a new stake in Visa during the fourth quarter worth about $32,000. Finally, Compass Planning Associates Inc purchased a new stake in Visa in the fourth quarter worth about $32,000. Hedge funds and other institutional investors own 82.15% of the company's stock.

Insider Transactions at Visa

In other Visa news, insider Tullier Kelly Mahon sold 33,741 shares of Visa stock in a transaction on Friday, February 7th. The shares were sold at an average price of $349.77, for a total value of $11,801,589.57. Following the sale, the insider now directly owns 36,566 shares in the company, valued at approximately $12,789,689.82. The trade was a 47.99 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Paul D. Fabara sold 39,350 shares of the stock in a transaction dated Friday, March 14th. The shares were sold at an average price of $327.20, for a total transaction of $12,875,320.00. Following the transaction, the insider now directly owns 26,413 shares of the company's stock, valued at $8,642,333.60. This trade represents a 59.84 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 154,400 shares of company stock valued at $52,711,258 over the last 90 days. Company insiders own 0.13% of the company's stock.

Visa Stock Performance

NYSE:V traded up $5.21 during mid-day trading on Friday, hitting $347.66. 6,112,726 shares of the company traded hands, compared to its average volume of 7,225,064. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.45. The stock's fifty day moving average price is $337.61 and its 200-day moving average price is $324.57. The firm has a market cap of $645.87 billion, a price-to-earnings ratio of 35.05, a price-to-earnings-growth ratio of 2.33 and a beta of 0.96. Visa Inc. has a one year low of $252.70 and a one year high of $366.54.

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

Visa Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 2nd. Stockholders of record on Tuesday, May 13th will be given a $0.59 dividend. The ex-dividend date is Tuesday, May 13th. This represents a $2.36 annualized dividend and a dividend yield of 0.68%. Visa's payout ratio is 23.72%.

Analysts Set New Price Targets

V has been the topic of a number of analyst reports. Citigroup reissued a "neutral" rating on shares of Visa in a research report on Thursday, February 13th. Oppenheimer reissued an "outperform" rating on shares of Visa in a report on Thursday, February 13th. UBS Group lowered their price target on Visa from $400.00 to $395.00 and set a "buy" rating for the company in a research report on Wednesday. Barclays increased their price objective 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. Finally, Raymond James reiterated an "outperform" rating and set a $393.00 price target (up previously from $374.00) on shares of Visa in a report on Friday, January 31st. Seven research analysts have rated the stock with a hold rating, twenty have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target 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.