Qtron Investments LLC Boosts Holdings in Visa Inc. (NYSE:V)

Qtron Investments LLC increased its position in shares of Visa Inc. (NYSE:V - Free Report) by 5.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 21,481 shares of the credit-card processor's stock after purchasing an additional 1,035 shares during the period. Visa accounts for approximately 1.0% of Qtron Investments LLC's portfolio, making the stock its 15th largest position. Qtron Investments LLC's holdings in Visa were worth $6,789,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of V. Manhattan West Asset Management LLC raised its stake in shares of Visa by 6.1% during the 4th quarter. Manhattan West Asset Management LLC now owns 11,593 shares of the credit-card processor's stock worth $3,664,000 after buying an additional 667 shares during the last quarter. Petros Family Wealth LLC purchased a new position in Visa in the 4th quarter valued at about $351,000. NFP Retirement Inc. lifted its position in shares of Visa by 8.6% during the fourth quarter. NFP Retirement Inc. now owns 834 shares of the credit-card processor's stock worth $264,000 after purchasing an additional 66 shares during the last quarter. Concorde Asset Management LLC bought a new position in shares of Visa during the fourth quarter valued at approximately $226,000. Finally, Hobbs Wealth Management LLC bought a new stake in shares of Visa during the fourth quarter valued at about $291,000. Hedge funds and other institutional investors own 82.15% of the company's stock.

Insider Buying and Selling at Visa

In related news, CEO Ryan Mcinerney sold 8,620 shares of the business's stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $363.00, for a total value of $3,129,060.00. Following the completion of the sale, the chief executive officer now directly owns 537 shares in the company, valued at $194,931. The trade was a 94.14 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Paul D. Fabara sold 39,350 shares of the 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 sale, the insider now owns 26,413 shares in the company, valued at $8,991,249.33. This represents a 59.84 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 143,205 shares of company stock worth $48,842,490. Company insiders own 0.13% of the company's stock.

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Analyst Ratings Changes

Several brokerages have recently commented on V. Seaport Res Ptn raised Visa from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, January 14th. Keefe, Bruyette & Woods reaffirmed a "hold" rating on shares of Visa in a research note on Thursday, February 13th. Oppenheimer reiterated an "outperform" rating on shares of Visa in a report on Thursday, February 13th. Raymond James reaffirmed an "outperform" rating and set a $393.00 target price (up previously from $374.00) on shares of Visa in a report on Friday, January 31st. Finally, JPMorgan Chase & Co. raised their price objective on Visa from $340.00 to $375.00 and gave the company an "overweight" rating in a research note on Friday, January 31st. Seven research analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $355.84.

Visa Stock Down 0.1 %

V traded down $0.47 during trading on Wednesday, hitting $335.34. The company had a trading volume of 2,689,298 shares, compared to its average volume of 6,860,286. 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 50-day moving average of $341.89 and a 200-day moving average of $319.63. Visa Inc. has a 1-year low of $252.70 and a 1-year high of $366.54. The company has a market cap of $622.99 billion, a PE ratio of 33.80, a P/E/G ratio of 2.33 and a beta of 0.94.

Visa (NYSE:V - Get Free Report) last released its earnings results on Thursday, January 30th. The credit-card processor reported $2.75 earnings per share for the quarter, topping 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%. As a group, analysts forecast that Visa Inc. will post 11.3 earnings per share for the current year.

Visa Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Tuesday, February 11th were issued a $0.59 dividend. This represents a $2.36 annualized dividend and a dividend yield of 0.70%. The ex-dividend date of this dividend was Tuesday, February 11th. 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.