Visa Inc. (NYSE:V) Shares Sold by Fmr LLC

FMR LLC reduced its stake in Visa Inc. (NYSE:V - Free Report) by 2.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 55,477,409 shares of the credit-card processor's stock after selling 1,634,434 shares during the quarter. Visa comprises approximately 1.0% of FMR LLC's portfolio, making the stock its 12th biggest holding. FMR LLC owned approximately 2.99% of Visa worth $17,533,080,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Polymer Capital Management HK LTD bought a new stake in shares of Visa during the 4th quarter valued at $316,000. Aristides Capital LLC lifted its stake in shares of Visa by 12.1% in the fourth quarter. Aristides Capital LLC now owns 7,850 shares of the credit-card processor's stock worth $2,481,000 after buying an additional 850 shares in the last quarter. Ashburton Jersey Ltd lifted its position in Visa by 35.4% in the 4th quarter. Ashburton Jersey Ltd now owns 72,831 shares of the credit-card processor's stock valued at $23,018,000 after acquiring an additional 19,057 shares in the last quarter. Federated Hermes Inc. lifted its holdings in shares of Visa by 2.2% during the fourth quarter. Federated Hermes Inc. now owns 582,195 shares of the credit-card processor's stock valued at $183,997,000 after purchasing an additional 12,287 shares in the last quarter. Finally, Gator Capital Management LLC increased its holdings in Visa by 4.6% in the 4th quarter. Gator Capital Management LLC now owns 2,391 shares of the credit-card processor's stock worth $756,000 after buying an additional 105 shares in the last quarter. Hedge funds and other institutional investors own 82.15% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on V shares. UBS Group raised their price target on Visa from $350.00 to $400.00 and gave the stock a "buy" rating in a research note on Friday, January 31st. Citigroup restated a "neutral" rating on shares of Visa in a research report on Thursday, February 13th. Wells Fargo & Company boosted their price objective on shares of Visa from $360.00 to $395.00 and gave the company an "overweight" rating in a research report on Friday, January 31st. Susquehanna restated a "positive" rating on shares of Visa in a research report on Friday, March 21st. Finally, Piper Sandler reaffirmed an "overweight" rating and set a $383.00 price target (up previously from $368.00) on shares of Visa in a report on Friday, January 31st. Seven investment analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Visa presently has a consensus rating of "Moderate Buy" and a consensus target price of $355.84.

Insider Buying and Selling

In other news, General Counsel Julie B. Rottenberg sold 2,572 shares of the business's stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $340.00, for a total transaction of $874,480.00. Following the transaction, the general counsel now owns 11,925 shares of the company's stock, valued at approximately $4,054,500. The trade was a 17.74 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Ryan Mcinerney sold 8,620 shares of the stock in a transaction that occurred on Tuesday, April 1st. The stock was sold at an average price of $350.44, for a total value 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 ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 143,205 shares of company stock valued at $48,842,490. Corporate insiders own 0.13% of the company's stock.

Visa Stock Down 2.6 %

Shares of V stock traded down $8.53 during trading hours on Thursday, reaching $323.90. 4,619,196 shares of the company's stock were exchanged, compared to its average volume of 7,263,230. The stock has a market cap of $601.74 billion, a PE ratio of 32.47, a PEG ratio of 2.33 and a beta of 0.94. 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 stock's fifty day moving average price is $343.06 and its two-hundred day moving average price is $317.96. 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 released its quarterly earnings data on Thursday, January 30th. The credit-card processor reported $2.75 EPS for the quarter, beating the consensus estimate of $2.66 by $0.09. Visa had a net margin of 54.27% and a return on equity of 54.79%. Research analysts predict 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. Shareholders of record on Tuesday, February 11th were issued a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a yield of 0.73%. The ex-dividend date was Tuesday, February 11th. Visa's payout ratio is presently 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.