Nebula Research & Development LLC Sells 8,692 Shares of Visa Inc. (NYSE:V)

Nebula Research & Development LLC trimmed its holdings in Visa Inc. (NYSE:V - Free Report) by 63.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,945 shares of the credit-card processor's stock after selling 8,692 shares during the quarter. Nebula Research & Development LLC's holdings in Visa were worth $1,563,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Howard Capital Management Group LLC grew its stake in Visa by 0.6% during the third quarter. Howard Capital Management Group LLC now owns 106,355 shares of the credit-card processor's stock valued at $29,242,000 after acquiring an additional 610 shares in the last quarter. Principal Financial Group Inc. increased its stake in Visa by 7.7% in the third quarter. Principal Financial Group Inc. now owns 5,733,284 shares of the credit-card processor's stock valued at $1,576,366,000 after acquiring an additional 411,210 shares during the last quarter. Morse Asset Management Inc purchased a new stake in Visa during the third quarter valued at about $69,000. Passumpsic Savings Bank lifted its stake in Visa by 2.0% during the third quarter. Passumpsic Savings Bank now owns 9,137 shares of the credit-card processor's stock worth $2,512,000 after purchasing an additional 179 shares during the last quarter. Finally, Virtu Financial LLC boosted its holdings in shares of Visa by 101.5% in the 3rd quarter. Virtu Financial LLC now owns 44,984 shares of the credit-card processor's stock worth $12,368,000 after purchasing an additional 22,658 shares in the last quarter. Institutional investors own 82.15% of the company's stock.

Insider Transactions at Visa

In related news, CAO Peter M. Andreski sold 2,332 shares of the business's stock in a transaction that occurred on Friday, February 7th. The stock was sold at an average price of $349.62, for a total value of $815,313.84. Following the transaction, the chief accounting officer now directly owns 4,488 shares of the company's stock, valued at approximately $1,569,094.56. The trade was a 34.19 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Tullier Kelly Mahon sold 33,741 shares of the firm's stock in a transaction on Friday, February 7th. The shares were sold at an average price of $349.77, for a total transaction of $11,801,589.57. Following the transaction, the insider now directly owns 36,566 shares of the company's stock, valued at $12,789,689.82. The trade was a 47.99 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 143,205 shares of company stock valued at $48,842,490 over the last three months. Corporate insiders own 0.13% of the company's stock.

Wall Street Analysts Forecast Growth

V has been the topic of a number of recent research reports. William Blair reiterated an "outperform" rating on shares of Visa in a research report on Friday, January 31st. Susquehanna reiterated a "positive" rating on shares of Visa in a research report on Friday, March 21st. Evercore ISI started coverage on shares of Visa in a research report on Wednesday, April 9th. They set an "in-line" rating and a $330.00 price target for the company. Wells Fargo & Company lifted their price objective on Visa from $360.00 to $395.00 and gave the stock an "overweight" rating in a report on Friday, January 31st. Finally, Bank of America increased their target price on Visa from $331.00 to $363.00 and gave the company a "neutral" rating in a report on Friday, January 31st. Seven investment analysts have rated the stock with a hold rating, twenty have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $358.17.

Visa Stock Performance

V traded down $0.21 during midday trading on Friday, hitting $335.50. 4,451,694 shares of the company traded hands, compared to its average volume of 7,211,210. The company's 50-day moving average is $338.42 and its 200 day moving average is $322.98. Visa Inc. has a 52 week low of $252.70 and a 52 week high of $366.54. The firm has a market capitalization of $623.28 billion, a PE ratio of 33.82, a price-to-earnings-growth ratio of 2.33 and a beta of 0.94. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.45.

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

Visa Dividend Announcement

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