Hudson Value Partners LLC grew its stake in shares of Visa Inc. (NYSE:V - Free Report) by 6.3% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 23,023 shares of the credit-card processor's stock after acquiring an additional 1,358 shares during the quarter. Visa comprises about 2.7% of Hudson Value Partners LLC's portfolio, making the stock its 8th biggest holding. Hudson Value Partners LLC's holdings in Visa were worth $7,276,000 as of its most recent filing with the SEC.
A number of other institutional investors have also recently modified their holdings of the stock. International Assets Investment Management LLC raised its holdings in shares of Visa by 45,189.4% during the 3rd quarter. International Assets Investment Management LLC now owns 9,758,505 shares of the credit-card processor's stock worth $2,683,101,000 after buying an additional 9,736,958 shares in the last quarter. State Street Corp increased its holdings 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 worth $21,064,179,000 after purchasing an additional 3,327,977 shares in the last quarter. FMR LLC increased its holdings in Visa by 6.1% in the 3rd quarter. FMR LLC now owns 57,111,843 shares of the credit-card processor's stock worth $15,702,901,000 after purchasing an additional 3,265,518 shares in the last quarter. Geode Capital Management LLC increased its holdings in Visa by 7.7% in the 3rd quarter. Geode Capital Management LLC now owns 38,655,250 shares of the credit-card processor's stock worth $10,601,135,000 after purchasing an additional 2,772,549 shares in the last quarter. Finally, B. Metzler seel. Sohn & Co. Holding AG acquired a new stake in shares of Visa in the third quarter valued at about $268,640,000. 82.15% of the stock is currently owned by institutional investors.
Insider Transactions at Visa
In related news, CEO Ryan Mcinerney sold 8,620 shares of the business's stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $317.78, for a total transaction of $2,739,263.60. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Tullier Kelly Mahon sold 33,741 shares of the company's stock in a transaction that occurred on Friday, February 7th. The stock was sold at an average price of $349.77, for a total value of $11,801,589.57. Following the transaction, the insider now owns 36,566 shares in the company, valued at $12,789,689.82. This trade represents a 47.99 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 55,885 shares of company stock worth $19,161,447. Company insiders own 0.13% of the company's stock.
Visa Price Performance
V stock traded down $1.34 during mid-day trading on Friday, hitting $349.15. 4,092,803 shares of the stock were exchanged, compared to its average volume of 5,666,203. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.12 and a quick ratio of 1.12. The business has a fifty day moving average price of $328.47 and a 200 day moving average price of $301.39. Visa Inc. has a 12 month low of $252.70 and a 12 month high of $357.15. The stock has a market capitalization of $648.65 billion, a price-to-earnings ratio of 35.20, a PEG ratio of 2.36 and a beta of 0.97.
Visa (NYSE:V - Get Free Report) last issued its quarterly earnings results on Thursday, January 30th. The credit-card processor reported $2.75 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.66 by $0.09. Visa had a return on equity of 54.79% and a net margin of 54.27%. On average, sell-side 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 will be paid on Monday, March 3rd. Stockholders of record on Tuesday, February 11th will be issued a $0.59 dividend. The ex-dividend date of this dividend is Tuesday, February 11th. This represents a $2.36 annualized dividend and a dividend yield of 0.68%. Visa's dividend payout ratio is currently 23.79%.
Analyst Ratings Changes
Several equities research analysts recently commented on V shares. Seaport Res Ptn upgraded Visa from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, January 14th. Morgan Stanley increased their price target on Visa from $326.00 to $371.00 and gave the stock an "overweight" rating in a report on Wednesday, December 18th. BMO Capital Markets increased their price target on Visa from $310.00 to $320.00 and gave the stock an "outperform" rating in a report on Wednesday, October 30th. Robert W. Baird increased their price target on Visa from $330.00 to $340.00 and gave the stock an "outperform" rating in a report on Wednesday, October 30th. Finally, Citigroup increased their price target on Visa from $354.00 to $393.00 and gave the stock a "buy" rating in a report on Friday, January 31st. Four research analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, Visa currently has a consensus rating of "Moderate Buy" and a consensus target price of $355.31.
View Our Latest Stock Analysis on Visa
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.
Further Reading
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