Voyager Global Management LP Sells 725,000 Shares of Visa Inc. (NYSE:V)

Voyager Global Management LP decreased its holdings in Visa Inc. (NYSE:V - Free Report) by 63.9% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 410,000 shares of the credit-card processor's stock after selling 725,000 shares during the quarter. Visa accounts for about 5.2% of Voyager Global Management LP's portfolio, making the stock its 9th largest holding. Voyager Global Management LP's holdings in Visa were worth $129,576,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. Hirtle Callaghan & Co LLC increased its holdings in Visa by 1.3% in the 4th quarter. Hirtle Callaghan & Co LLC now owns 2,291 shares of the credit-card processor's stock worth $724,000 after acquiring an additional 29 shares in the last quarter. Elevation Wealth Partners LLC increased its holdings in Visa by 3.3% in the 4th quarter. Elevation Wealth Partners LLC now owns 939 shares of the credit-card processor's stock worth $297,000 after acquiring an additional 30 shares in the last quarter. Warther Private Wealth LLC increased its holdings in Visa by 1.0% in the 4th quarter. Warther Private Wealth LLC now owns 2,935 shares of the credit-card processor's stock worth $928,000 after acquiring an additional 30 shares in the last quarter. Valmark Advisers Inc. increased its holdings in Visa by 0.4% in the 4th quarter. Valmark Advisers Inc. now owns 7,251 shares of the credit-card processor's stock worth $2,292,000 after acquiring an additional 30 shares in the last quarter. Finally, Strategic Family Wealth Counselors L.L.C. grew its holdings in Visa by 0.4% during the 4th quarter. Strategic Family Wealth Counselors L.L.C. now owns 7,283 shares of the credit-card processor's stock valued at $2,302,000 after buying an additional 30 shares in the last quarter. Institutional investors and hedge funds own 82.15% of the company's stock.

Insider Buying and Selling

In other Visa news, CEO Ryan Mcinerney sold 8,620 shares of Visa 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 sale, the chief executive officer now owns 537 shares in the company, valued at $194,931. The trade was a 94.14 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Peter M. Andreski sold 2,332 shares of Visa 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. Over the last 90 days, insiders have sold 143,205 shares of company stock worth $48,842,490. 0.13% of the stock is owned by corporate insiders.

Visa Price Performance

Shares of NYSE:V traded up $1.45 during trading on Tuesday, reaching $338.96. The stock had a trading volume of 1,989,798 shares, compared to its average volume of 6,793,362. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.12 and a current ratio of 1.12. The business has a fifty day moving average price of $338.07 and a 200-day moving average price of $323.40. The stock has a market cap of $629.72 billion, a PE ratio of 34.17, a PEG ratio of 2.33 and a beta of 0.94. Visa Inc. has a 1-year low of $252.70 and a 1-year high of $366.54.

Visa (NYSE:V - Get Free Report) last announced its quarterly earnings data on Thursday, January 30th. The credit-card processor reported $2.75 EPS for the quarter, topping 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 analysts forecast that Visa Inc. will post 11.3 earnings per share for the current fiscal year.

Visa Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Tuesday, February 11th were given a dividend of $0.59 per share. The ex-dividend date of this dividend was Tuesday, February 11th. This represents a $2.36 dividend on an annualized basis and a yield of 0.70%. Visa's payout ratio is 23.79%.

Analyst Ratings Changes

A number of analysts have issued reports on the stock. Evercore ISI started coverage on shares of Visa in a report on Wednesday, April 9th. They issued an "in-line" rating and a $330.00 price target on the stock. Susquehanna restated a "positive" rating on shares of Visa in a research report on Friday, March 21st. William Blair reissued an "outperform" rating on shares of Visa in a research report on Friday, January 31st. Seaport Res Ptn upgraded shares of Visa from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, January 14th. Finally, Wells Fargo & Company upped their target price on shares of Visa from $360.00 to $395.00 and gave the stock an "overweight" rating in a research note on Friday, January 31st. Seven analysts have rated the stock with a hold rating, twenty have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, Visa has a consensus rating of "Moderate Buy" and an average target price of $358.17.

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.