Visa Inc. (NYSE:V) is Premier Fund Managers Ltd's Largest Position

Premier Fund Managers Ltd lifted its position in shares of Visa Inc. (NYSE:V - Free Report) by 3.2% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 309,251 shares of the credit-card processor's stock after purchasing an additional 9,641 shares during the period. Visa comprises about 3.5% of Premier Fund Managers Ltd's holdings, making the stock its largest position. Premier Fund Managers Ltd's holdings in Visa were worth $97,558,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Riverstone Advisors LLC purchased a new position in Visa during the 4th quarter worth $217,000. Journey Strategic Wealth LLC raised its holdings in Visa by 16.4% during the fourth quarter. Journey Strategic Wealth LLC now owns 9,678 shares of the credit-card processor's stock worth $3,058,000 after purchasing an additional 1,361 shares in the last quarter. King Wealth Management Group lifted its position in Visa by 9.0% in the fourth quarter. King Wealth Management Group now owns 74,874 shares of the credit-card processor's stock valued at $23,663,000 after purchasing an additional 6,172 shares during the period. Generali Investments CEE investicni spolecnost a.s. purchased a new stake in Visa in the 4th quarter valued at approximately $10,163,000. Finally, Copley Financial Group Inc. acquired a new position in Visa during the 3rd quarter worth approximately $616,000. 82.15% of the stock is owned by hedge funds and other institutional investors.

Visa Stock Up 0.7 %

Shares of V traded up $2.51 during trading hours on Monday, hitting $345.36. 3,274,973 shares of the company were exchanged, compared to its average volume of 7,125,553. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.12 and a current ratio of 1.12. The company has a market cap of $641.61 billion, a PE ratio of 34.83, a PEG ratio of 2.33 and a beta of 0.95. The firm's 50 day moving average is $343.60 and its 200-day moving average is $315.49. Visa Inc. has a 52 week low of $252.70 and a 52 week high of $366.54.

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

Visa Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Tuesday, February 11th were given a dividend of $0.59 per share. The ex-dividend date of this dividend was Tuesday, February 11th. This represents a $2.36 dividend on an annualized basis and a yield of 0.68%. Visa's payout ratio is presently 23.79%.

Insiders Place Their Bets

In other Visa news, insider Paul D. Fabara sold 39,350 shares of the business's stock in a transaction that occurred on Wednesday, March 19th. The stock was sold at an average price of $340.41, for a total transaction of $13,395,133.50. Following the transaction, the insider now owns 26,413 shares of the company's stock, valued at $8,991,249.33. The trade was a 59.84 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Ryan Mcinerney sold 8,620 shares of the stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $363.00, for a total transaction of $3,129,060.00. Following the completion of the transaction, the chief executive officer now directly owns 537 shares in the company, valued at approximately $194,931. This represents a 94.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 143,205 shares of company stock valued at $48,560,961. Company insiders own 0.13% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on V shares. Raymond James reaffirmed an "outperform" rating and set a $393.00 price target (up from $374.00) on shares of Visa in a research note on Friday, January 31st. JPMorgan Chase & Co. increased their target price on shares of Visa from $340.00 to $375.00 and gave the company an "overweight" rating in a report on Friday, January 31st. Wells Fargo & Company boosted their price target on Visa from $360.00 to $395.00 and gave the stock an "overweight" rating in a research note on Friday, January 31st. Oppenheimer reaffirmed an "outperform" rating on shares of Visa in a research note on Thursday, February 13th. Finally, Barclays boosted their target price on Visa from $361.00 to $396.00 and gave the stock an "overweight" rating in a research report on Monday, February 3rd. Five investment analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $355.84.

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.