Lynwood Price Capital Management LP Invests $1.58 Million in Visa Inc. (NYSE:V)

Lynwood Price Capital Management LP acquired a new stake in shares of Visa Inc. (NYSE:V - Free Report) in the 4th quarter, according to its most recent 13F filing with the SEC. The fund acquired 5,000 shares of the credit-card processor's stock, valued at approximately $1,580,000. Visa accounts for 1.1% of Lynwood Price Capital Management LP's portfolio, making the stock its 15th largest holding.

Several other large investors have also made changes to their positions in the business. Vanguard Group Inc. raised its position in Visa by 4.6% during the fourth quarter. Vanguard Group Inc. now owns 159,405,343 shares of the credit-card processor's stock valued at $50,378,465,000 after acquiring an additional 7,079,706 shares in the last quarter. State Street Corp grew its stake in shares of Visa by 4.5% during the 3rd quarter. State Street Corp now owns 76,610,942 shares of the credit-card processor's stock worth $21,064,179,000 after purchasing an additional 3,327,977 shares during the period. Geode Capital Management LLC increased its holdings in shares of Visa by 4.4% during the 4th quarter. Geode Capital Management LLC now owns 40,345,176 shares of the credit-card processor's stock valued at $12,729,901,000 after purchasing an additional 1,689,926 shares in the last quarter. Norges Bank acquired a new position in shares of Visa in the 4th quarter valued at $5,171,271,000. Finally, Charles Schwab Investment Management Inc. boosted its holdings in Visa by 6.2% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 12,241,003 shares of the credit-card processor's stock worth $3,868,646,000 after buying an additional 718,558 shares in the last quarter. 82.15% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, CEO Ryan Mcinerney sold 8,620 shares of Visa stock in a transaction on Tuesday, April 1st. The stock was sold at an average price of $350.44, for a total transaction of $3,020,792.80. Following the completion of the transaction, the chief executive officer now owns 537 shares of the company's stock, valued at $188,186.28. The trade was a 94.14 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Paul D. Fabara sold 39,350 shares of the company's stock in a transaction that occurred on 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 in the company, valued at $8,642,333.60. The trade was a 59.84 % decrease in their position. The disclosure for this sale can be found here. Over 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

A number of research firms have weighed in on V. 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 report on Friday, January 31st. UBS Group lifted their price target on Visa from $350.00 to $400.00 and gave the company a "buy" rating in a research note on Friday, January 31st. Barclays increased their price target on Visa from $361.00 to $396.00 and gave the stock an "overweight" rating in a research report on Monday, February 3rd. The Goldman Sachs Group upped their target price on Visa from $346.00 to $384.00 and gave the stock a "buy" rating in a research note on Friday, January 31st. Finally, Piper Sandler restated an "overweight" rating and set a $383.00 price objective (up from $368.00) on shares of Visa in a research report on Friday, January 31st. Six equities research analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Visa has a consensus rating of "Moderate Buy" and a consensus target price of $355.84.

Visa Trading Up 1.9 %

Visa stock traded up $6.02 during mid-day trading on Tuesday, hitting $318.34. The company's stock had a trading volume of 3,644,516 shares, compared to its average volume of 6,801,943. The stock's fifty day moving average is $344.58 and its two-hundred day moving average is $317.46. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.45. The firm has a market capitalization of $591.41 billion, a PE ratio of 32.07, a price-to-earnings-growth 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 issued its quarterly earnings data on Thursday, January 30th. The credit-card processor reported $2.75 earnings per share (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, analysts anticipate 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. Stockholders of record on Tuesday, February 11th were paid a $0.59 dividend. This represents a $2.36 annualized dividend and a dividend yield of 0.74%. The ex-dividend date was Tuesday, February 11th. Visa's payout ratio is presently 23.79%.

About Visa

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.