DF Dent & Co. Inc. Cuts Position in Visa Inc. (NYSE:V)

DF Dent & Co. Inc. decreased its holdings in shares of Visa Inc. (NYSE:V - Free Report) by 1.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 807,867 shares of the credit-card processor's stock after selling 7,803 shares during the quarter. Visa makes up about 3.2% of DF Dent & Co. Inc.'s holdings, making the stock its biggest position. DF Dent & Co. Inc.'s holdings in Visa were worth $255,318,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Decker Retirement Planning Inc. acquired a new position in Visa during the 4th quarter worth $26,000. Bradley & Co. Private Wealth Management LLC acquired a new position in shares of Visa during the 4th quarter worth about $27,000. POM Investment Strategies LLC lifted its position in shares of 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 purchasing an additional 32 shares during the last quarter. Modus Advisors LLC bought a new stake in Visa during the 4th quarter valued at approximately $32,000. Finally, Compass Planning Associates Inc acquired a new stake in Visa in the 4th quarter valued at approximately $32,000. Institutional investors own 82.15% of the company's stock.

Visa Trading Down 2.1 %

NYSE:V traded down $7.19 on Thursday, hitting $339.14. 8,786,063 shares of the stock were exchanged, compared to its average volume of 7,173,310. The stock has a market capitalization of $630.04 billion, a price-to-earnings ratio of 34.19, a P/E/G ratio of 2.33 and a beta of 0.94. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.12 and a current ratio of 1.12. Visa Inc. has a 52 week low of $252.70 and a 52 week high of $366.54. The company's 50-day moving average price is $345.36 and its 200 day moving average price is $316.73.

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

Visa Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Tuesday, February 11th were issued a $0.59 dividend. This represents a $2.36 annualized dividend and a dividend yield of 0.70%. The ex-dividend date of this dividend was Tuesday, February 11th. Visa's dividend payout ratio (DPR) is 23.79%.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on V shares. Morgan Stanley increased their price objective on Visa from $326.00 to $371.00 and gave the company an "overweight" rating in a research report on Wednesday, December 18th. Raymond James restated an "outperform" rating and issued a $393.00 price target (up from $374.00) on shares of Visa in a research report on Friday, January 31st. StockNews.com raised shares of Visa from a "hold" rating to a "buy" rating in a research report on Friday, March 28th. William Blair restated an "outperform" rating on shares of Visa in a research note on Friday, January 31st. Finally, Barclays raised their price objective on Visa from $361.00 to $396.00 and gave the stock an "overweight" rating in a research report on Monday, February 3rd. Five analysts have rated the stock with a hold rating, twenty-three have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $355.84.

Insider Buying and Selling

In other news, CAO Peter M. Andreski sold 2,332 shares of the company's stock in a transaction that occurred 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 transaction, 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Paul D. Fabara sold 39,350 shares of the firm's stock in a transaction on Friday, March 14th. The stock was sold at an average price of $327.20, for a total transaction of $12,875,320.00. Following the sale, the insider now owns 26,413 shares in the company, valued at approximately $8,642,333.60. The trade was a 59.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 143,205 shares of company stock valued at $48,842,490. 0.13% of the stock is owned by company insiders.

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.