Visa Inc. (NYSE:V) Shares Acquired by Vulcan Value Partners LLC

Vulcan Value Partners LLC grew its stake in Visa Inc. (NYSE:V - Free Report) by 5.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,003,524 shares of the credit-card processor's stock after acquiring an additional 50,208 shares during the quarter. Visa comprises about 5.3% of Vulcan Value Partners LLC's portfolio, making the stock its 8th biggest position. Vulcan Value Partners LLC owned approximately 0.05% of Visa worth $317,110,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Decker Retirement Planning Inc. purchased a new position in Visa during the 4th quarter worth $26,000. Bradley & Co. Private Wealth Management LLC acquired a new stake in Visa during the 4th quarter worth about $27,000. POM Investment Strategies LLC lifted its position in Visa by 48.5% during the 4th 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 during the period. Modus Advisors LLC acquired a new stake in Visa during the 4th quarter worth about $32,000. Finally, Compass Planning Associates Inc acquired a new stake in Visa during the 4th quarter worth about $32,000. 82.15% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Visa

In other Visa news, CEO Ryan Mcinerney sold 8,620 shares of Visa stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $340.00, for a total value of $2,930,800.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CAO Peter M. Andreski sold 2,332 shares of Visa stock in a transaction dated 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 transaction, the chief accounting officer now directly owns 4,488 shares of the company's stock, valued at approximately $1,569,094.56. This represents a 34.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 143,205 shares of company stock worth $48,842,490. Company insiders own 0.13% of the company's stock.

Analyst Upgrades and Downgrades

V has been the subject of several analyst reports. Keefe, Bruyette & Woods reissued a "hold" rating on shares of Visa in a report on Thursday, February 13th. Seaport Res Ptn raised Visa from a "hold" rating to a "strong-buy" rating in a report on Tuesday, January 14th. Citigroup reissued a "neutral" rating on shares of Visa in a report on Thursday, February 13th. Wells Fargo & Company boosted their price objective on Visa from $360.00 to $395.00 and gave the company an "overweight" rating in a report on Friday, January 31st. Finally, JPMorgan Chase & Co. boosted their price objective on Visa from $340.00 to $375.00 and gave the company an "overweight" rating in a report on Friday, January 31st. Seven equities research analysts have rated the stock with a hold rating, twenty have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $360.50.

Visa Trading Up 0.2 %

Shares of NYSE V traded up $0.64 during trading on Wednesday, hitting $342.16. 3,886,004 shares of the company were exchanged, compared to its average volume of 6,799,874. Visa Inc. has a 12-month low of $252.70 and a 12-month 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. The company has a fifty day moving average price of $337.89 and a 200-day moving average price of $323.52. The firm has a market capitalization of $635.66 billion, a PE ratio of 34.49, a P/E/G ratio of 2.33 and a beta of 0.94.

Visa (NYSE:V - Get Free Report) last posted its quarterly earnings results 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. The business had revenue of $9.59 billion for the quarter, compared to analyst estimates of $9.57 billion. Visa had a return on equity of 54.79% and a net margin of 54.27%. The company's quarterly revenue was up 9.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.51 EPS. As a group, equities research analysts expect that Visa Inc. will post 11.3 EPS for the current 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 issued a $0.59 dividend. The ex-dividend date of this dividend was Tuesday, February 11th. This represents a $2.36 annualized dividend and a yield of 0.69%. Visa's dividend payout ratio (DPR) is currently 23.79%.

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.