Visa Inc. (NYSE:V) Position Raised by Skye Global Management LP

Skye Global Management LP boosted its holdings in Visa Inc. (NYSE:V - Free Report) by 97.7% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 104,000 shares of the credit-card processor's stock after purchasing an additional 51,400 shares during the quarter. Visa comprises 0.7% of Skye Global Management LP's investment portfolio, making the stock its 18th largest holding. Skye Global Management LP's holdings in Visa were worth $28,595,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. International Assets Investment Management LLC increased its stake in Visa by 45,189.4% in the 3rd quarter. International Assets Investment Management LLC now owns 9,758,505 shares of the credit-card processor's stock valued at $2,683,101,000 after buying an additional 9,736,958 shares during the period. SG Americas Securities LLC grew its stake in shares of Visa by 4,412.3% during the 3rd quarter. SG Americas Securities LLC now owns 4,072,467 shares of the credit-card processor's stock worth $1,119,725,000 after purchasing an additional 4,166,905 shares during the period. FMR LLC grew its stake in Visa by 6.1% in the 3rd quarter. FMR LLC now owns 57,111,843 shares of the credit-card processor's stock valued at $15,702,901,000 after acquiring an additional 3,265,518 shares during the last quarter. Wulff Hansen & CO. grew its stake in Visa by 26,951.9% in the 2nd quarter. Wulff Hansen & CO. now owns 1,587,944 shares of the credit-card processor's stock valued at $416,788,000 after acquiring an additional 1,582,074 shares during the last quarter. Finally, B. Metzler seel. Sohn & Co. Holding AG acquired a new stake in Visa in the 3rd quarter valued at about $268,640,000. Hedge funds and other institutional investors own 82.15% of the company's stock.

Insider Transactions at Visa

In related news, insider Paul D. Fabara sold 2,171 shares of the firm's stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $307.97, for a total transaction of $668,602.87. Following the transaction, the insider now directly owns 17,894 shares in the company, valued at $5,510,815.18. This trade represents a 10.82 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Ryan Mcinerney sold 8,620 shares of the firm's stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $276.37, for a total value of $2,382,309.40. Following the transaction, the chief executive officer now owns 538 shares in the company, valued at $148,687.06. This trade represents a 94.13 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.19% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts recently commented on the stock. Morgan Stanley increased their price objective on shares of Visa from $322.00 to $326.00 and gave the company an "overweight" rating in a research note on Wednesday, October 30th. Keefe, Bruyette & Woods upgraded shares of Visa from a "moderate buy" rating to a "strong-buy" rating in a report on Tuesday, September 24th. StockNews.com upgraded shares of Visa from a "hold" rating to a "buy" rating in a report on Friday, August 9th. BMO Capital Markets increased their price objective on shares of Visa from $310.00 to $320.00 and gave the stock an "outperform" rating in a report on Wednesday, October 30th. Finally, Compass Point assumed coverage on shares of Visa in a report on Wednesday, September 4th. They set a "buy" rating and a $319.00 price objective on the stock. Four equities research analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $321.74.

Visa Stock Up 0.1 %

NYSE:V traded up $0.38 during trading hours on Friday, hitting $315.08. The stock had a trading volume of 3,852,954 shares, compared to its average volume of 6,972,358. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 0.55. Visa Inc. has a 1-year low of $252.14 and a 1-year high of $316.37. The business has a 50 day simple moving average of $291.48 and a two-hundred day simple moving average of $278.31. The company has a market cap of $586.96 billion, a PE ratio of 32.31, a price-to-earnings-growth ratio of 2.11 and a beta of 0.95.

Visa (NYSE:V - Get Free Report) last released its quarterly earnings results on Tuesday, October 29th. The credit-card processor reported $2.71 earnings per share for the quarter, topping analysts' consensus estimates of $2.58 by $0.13. Visa had a net margin of 54.96% and a return on equity of 53.16%. The business had revenue of $9.62 billion during the quarter, compared to the consensus estimate of $9.49 billion. During the same quarter last year, the company earned $2.33 earnings per share. The business's quarterly revenue was up 11.7% compared to the same quarter last year. Analysts predict that Visa Inc. will post 11.19 EPS for the current year.

Visa Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Tuesday, November 12th will be given a dividend of $0.59 per share. The ex-dividend date is Tuesday, November 12th. This represents a $2.36 dividend on an annualized basis and a dividend yield of 0.75%. This is an increase from Visa's previous quarterly dividend of $0.52. Visa's dividend payout ratio (DPR) is presently 24.25%.

Visa Company 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.