Nexus Investment Management ULC Lowers Holdings in Visa Inc. (NYSE:V)

Nexus Investment Management ULC lowered its position in shares of Visa Inc. (NYSE:V - Free Report) by 2.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 55,176 shares of the credit-card processor's stock after selling 1,195 shares during the period. Visa accounts for about 1.7% of Nexus Investment Management ULC's holdings, making the stock its 29th biggest position. Nexus Investment Management ULC's holdings in Visa were worth $17,438,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Peterson Financial Group Inc. purchased a new stake in shares of Visa in the 3rd quarter valued at about $26,000. Decker Retirement Planning Inc. bought a new position in shares of Visa in the fourth quarter worth approximately $26,000. Reston Wealth Management LLC bought a new position in shares of Visa in the third quarter worth approximately $31,000. Modus Advisors LLC purchased a new stake in Visa in the fourth quarter valued at approximately $32,000. Finally, West Financial Advisors LLC lifted its position in Visa by 101.4% during the third quarter. West Financial Advisors LLC now owns 145 shares of the credit-card processor's stock valued at $40,000 after purchasing an additional 73 shares during the last quarter. Institutional investors own 82.15% of the company's stock.

Insider Buying and Selling at Visa

In other Visa news, insider Paul D. Fabara sold 2,171 shares of the company's stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $307.97, for a total value of $668,602.87. Following the sale, the insider now owns 17,894 shares in the company, valued at approximately $5,510,815.18. This represents a 10.82 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Ryan Mcinerney sold 8,620 shares of the firm's stock in a transaction that occurred 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 disclosure for this sale can be found here. Insiders own 0.13% of the company's stock.

Visa Trading Up 0.9 %

Shares of Visa stock traded up $2.72 during midday trading on Monday, reaching $319.97. 5,746,152 shares of the company's stock traded hands, compared to its average volume of 5,703,089. The stock has a 50 day moving average of $313.41 and a 200-day moving average of $288.73. Visa Inc. has a 12 month low of $252.70 and a 12 month high of $321.61. The company has a market cap of $596.06 billion, a PE ratio of 32.88, a price-to-earnings-growth ratio of 2.06 and a beta of 0.96. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.28 and a current ratio of 1.28.

Visa (NYSE:V - Get Free Report) last issued its quarterly earnings data on Tuesday, October 29th. The credit-card processor reported $2.71 EPS for the quarter, topping the consensus estimate of $2.58 by $0.13. The business had revenue of $9.62 billion during the quarter, compared to analyst estimates of $9.49 billion. Visa had a net margin of 54.96% and a return on equity of 53.16%. The company's revenue for the quarter was up 11.7% on a year-over-year basis. During the same period in the prior year, the business earned $2.33 EPS. As a group, equities analysts expect that Visa Inc. will post 11.22 EPS for the current fiscal year.

Visa Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 2nd. Shareholders of record on Tuesday, November 12th were issued a $0.59 dividend. The ex-dividend date of this dividend was Tuesday, November 12th. This is a positive change from Visa's previous quarterly dividend of $0.52. This represents a $2.36 annualized dividend and a yield of 0.74%. Visa's dividend payout ratio (DPR) is 24.25%.

Analyst Upgrades and Downgrades

V has been the topic of a number of research analyst reports. Macquarie increased their price target on shares of Visa from $300.00 to $335.00 and gave the stock an "outperform" rating in a report on Wednesday, October 30th. Barclays increased their target price on Visa from $319.00 to $347.00 and gave the company an "overweight" rating in a research note on Monday, November 4th. Keefe, Bruyette & Woods lifted their price target on Visa from $335.00 to $360.00 and gave the stock an "outperform" rating in a research note on Monday, December 9th. 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. Finally, Oppenheimer boosted their target price on Visa from $321.00 to $375.00 and gave the stock an "outperform" rating in a research report on Thursday, December 19th. Four research analysts have rated the stock with a hold rating, twenty-four have given a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat.com, Visa currently has an average rating of "Moderate Buy" and an average target price of $331.92.

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.