Agur Provident & Training Funds Management Ltd. trimmed its holdings in shares of Visa Inc. (NYSE:V - Free Report) by 29.0% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 16,644 shares of the credit-card processor's stock after selling 6,790 shares during the quarter. Visa accounts for 2.0% of Agur Provident & Training Funds Management Ltd.'s holdings, making the stock its 13th biggest position. Agur Provident & Training Funds Management Ltd.'s holdings in Visa were worth $5,260,000 as of its most recent SEC filing.
Other hedge funds have also recently bought and sold shares of the company. Norges Bank bought a new stake in shares of Visa during the fourth quarter worth approximately $5,171,271,000. Vanguard Group Inc. increased its stake in shares of Visa by 4.6% in 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 buying an additional 7,079,706 shares during the period. Raymond James Financial Inc. acquired a new stake in Visa during the 4th quarter worth approximately $1,955,403,000. Proficio Capital Partners LLC grew its holdings in Visa by 17,018.7% during the 4th quarter. Proficio Capital Partners LLC now owns 3,949,118 shares of the credit-card processor's stock worth $1,248,079,000 after acquiring an additional 3,926,049 shares during the last quarter. Finally, State Street Corp increased its position in Visa by 4.5% in the 3rd quarter. State Street Corp now owns 76,610,942 shares of the credit-card processor's stock valued at $21,064,179,000 after acquiring an additional 3,327,977 shares during the period. 82.15% of the stock is currently owned by institutional investors and hedge funds.
Insider Buying and Selling at Visa
In other news, CEO Ryan Mcinerney sold 8,620 shares of the company's stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $317.78, for a total transaction of $2,739,263.60. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CAO Peter M. Andreski sold 2,332 shares of the firm's stock in a transaction dated Friday, February 7th. The shares were sold at an average price of $349.62, for a total transaction of $815,313.84. Following the completion of the sale, the chief accounting officer now owns 4,488 shares of the company's stock, valued at $1,569,094.56. This trade represents a 34.19 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 143,205 shares of company stock valued at $48,560,961. 0.13% of the stock is owned by company insiders.
Visa Stock Performance
Shares of Visa stock traded up $1.65 during trading on Monday, reaching $344.50. The company's stock had a trading volume of 3,026,705 shares, compared to its average volume of 6,512,799. The firm has a market cap of $640.01 billion, a PE ratio of 34.75, a P/E/G ratio of 2.33 and a beta of 0.95. The company has a 50-day moving average price of $343.60 and a two-hundred day moving average price of $315.49. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.45. Visa Inc. has a fifty-two week low of $252.70 and a fifty-two week high of $366.54.
Visa (NYSE:V - Get Free Report) last released its quarterly earnings results 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 forecast that Visa Inc. will post 11.3 EPS for the current year.
Visa Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Tuesday, February 11th were issued a dividend of $0.59 per share. This represents a $2.36 annualized dividend and a dividend yield of 0.69%. The ex-dividend date of this dividend was Tuesday, February 11th. Visa's dividend payout ratio is presently 23.79%.
Analyst Upgrades and Downgrades
A number of equities analysts have recently issued reports on the company. The Goldman Sachs Group raised their price objective on Visa from $346.00 to $384.00 and gave the stock a "buy" rating in a research report on Friday, January 31st. Morgan Stanley raised their target price on Visa from $326.00 to $371.00 and gave the stock an "overweight" rating in a research report on Wednesday, December 18th. StockNews.com upgraded Visa from a "hold" rating to a "buy" rating in a research report on Friday. Raymond James reissued an "outperform" rating and set a $393.00 price target (up previously from $374.00) on shares of Visa in a research report on Friday, January 31st. Finally, Barclays raised their target price on Visa from $361.00 to $396.00 and gave the stock an "overweight" rating in a report on Monday, February 3rd. Five research analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $355.84.
Check Out Our Latest Stock Report on V
Visa Profile
(
Free Report)
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.
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