1,668 Shares in Visa Inc. (NYSE:V) Acquired by Sollinda Capital Management LLC

Sollinda Capital Management LLC purchased a new stake in Visa Inc. (NYSE:V - Free Report) in the 4th quarter, according to its most recent filing with the SEC. The institutional investor purchased 1,668 shares of the credit-card processor's stock, valued at approximately $527,000.

Other large investors also recently modified their holdings of the company. Raymond James Financial Inc. bought a new position in shares of Visa during the fourth quarter worth about $1,955,403,000. Proficio Capital Partners LLC lifted its holdings in Visa by 17,018.7% in the fourth quarter. Proficio Capital Partners LLC now owns 3,949,118 shares of the credit-card processor's stock worth $1,248,079,000 after acquiring an additional 3,926,049 shares during the last quarter. State Street Corp lifted its holdings in Visa by 4.5% in the third quarter. State Street Corp now owns 76,610,942 shares of the credit-card processor's stock worth $21,064,179,000 after acquiring an additional 3,327,977 shares during the last quarter. FMR LLC lifted its holdings in Visa by 6.1% in the third quarter. FMR LLC now owns 57,111,843 shares of the credit-card processor's stock worth $15,702,901,000 after acquiring an additional 3,265,518 shares during the last quarter. Finally, Geode Capital Management LLC lifted its holdings in Visa by 7.7% in the third quarter. Geode Capital Management LLC now owns 38,655,250 shares of the credit-card processor's stock worth $10,601,135,000 after acquiring an additional 2,772,549 shares during the last quarter. 82.15% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Visa

In other news, insider Tullier Kelly Mahon sold 33,741 shares of the company's stock in a transaction that occurred on Friday, February 7th. The stock was sold at an average price of $349.77, for a total transaction of $11,801,589.57. Following the sale, the insider now directly owns 36,566 shares of the company's stock, valued at $12,789,689.82. This represents a 47.99 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Ryan Mcinerney sold 8,620 shares of the company's stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $317.78, for a total value of $2,739,263.60. The disclosure for this sale can be found here. Insiders sold a total of 64,505 shares of company stock worth $22,290,507 in the last three months. 0.13% of the stock is currently owned by company insiders.

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Wall Street Analyst Weigh In

V has been the topic of a number of recent research reports. Oppenheimer reissued an "outperform" rating on shares of Visa in a report on Thursday, February 13th. Citigroup restated a "neutral" rating on shares of Visa in a research report on Thursday, February 13th. Barclays raised their price objective on shares of Visa from $361.00 to $396.00 and gave the stock an "overweight" rating in a research note on Monday, February 3rd. William Blair reissued an "outperform" rating on shares of Visa in a research note on Friday, January 31st. Finally, Seaport Res Ptn upgraded shares of Visa from a "hold" rating to a "strong-buy" rating in a report on Tuesday, January 14th. Six investment analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Visa currently has a consensus rating of "Moderate Buy" and a consensus target price of $353.96.

Visa Trading Up 0.1 %

NYSE:V traded up $0.32 during trading hours on Wednesday, hitting $332.46. The company had a trading volume of 3,909,818 shares, compared to its average volume of 6,361,095. The company has a market capitalization of $617.63 billion, a PE ratio of 33.48, a price-to-earnings-growth ratio of 2.33 and a beta of 0.95. The stock has a 50-day moving average price of $337.01 and a 200 day moving average price of $309.89. Visa Inc. has a 52 week low of $252.70 and a 52 week high of $366.54. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.12 and a quick ratio of 1.12.

Visa (NYSE:V - Get Free Report) last announced its earnings results on Thursday, January 30th. The credit-card processor reported $2.75 EPS for the quarter, beating analysts' consensus estimates of $2.66 by $0.09. Visa had a net margin of 54.27% and a return on equity of 54.79%. On average, equities research analysts predict that Visa Inc. will post 11.3 EPS for the current fiscal year.

Visa Announces Dividend

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 $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a yield of 0.71%. The ex-dividend date was Tuesday, February 11th. Visa's dividend payout ratio (DPR) is 23.79%.

About Visa

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.