Trexquant Investment LP Purchases 96,350 Shares of Visa Inc. (NYSE:V)

Trexquant Investment LP raised its holdings in shares of Visa Inc. (NYSE:V - Free Report) by 1,251.8% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 104,047 shares of the credit-card processor's stock after purchasing an additional 96,350 shares during the period. Visa accounts for about 0.4% of Trexquant Investment LP's holdings, making the stock its 24th largest holding. Trexquant Investment LP's holdings in Visa were worth $32,883,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of V. Decker Retirement Planning Inc. bought a new stake in shares of Visa during the fourth quarter valued at approximately $26,000. Bradley & Co. Private Wealth Management LLC purchased a new position in Visa during the fourth quarter valued at $27,000. POM Investment Strategies LLC boosted its holdings in shares of Visa by 48.5% during the 4th quarter. POM Investment Strategies LLC now owns 98 shares of the credit-card processor's stock valued at $31,000 after buying an additional 32 shares in the last quarter. Modus Advisors LLC bought a new position in shares of Visa in the 4th quarter worth about $32,000. Finally, Compass Planning Associates Inc purchased a new position in Visa during the 4th quarter valued at about $32,000. Hedge funds and other institutional investors own 82.15% of the company's stock.

Insider Buying and Selling

In other Visa news, General Counsel Julie B. Rottenberg sold 2,572 shares of the company's stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $340.00, for a total transaction of $874,480.00. Following the sale, the general counsel now directly owns 11,925 shares in the company, valued at $4,054,500. This represents a 17.74 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CAO Peter M. Andreski sold 2,332 shares of the firm's stock in a transaction that occurred on Friday, February 7th. The shares were sold at an average price of $349.62, for a total value of $815,313.84. Following the completion of the sale, the chief accounting officer now directly owns 4,488 shares of the company's stock, valued at $1,569,094.56. The trade was a 34.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 143,205 shares of company stock worth $48,842,490. Insiders own 0.13% of the company's stock.

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Analysts Set New Price Targets

A number of equities analysts have weighed in on V shares. Wells Fargo & Company raised their target price on shares of Visa from $360.00 to $395.00 and gave the company an "overweight" rating in a research note on Friday, January 31st. Raymond James reissued an "outperform" rating and issued a $393.00 target price (up from $374.00) on shares of Visa in a report on Friday, January 31st. JPMorgan Chase & Co. raised their price target on Visa from $340.00 to $375.00 and gave the company an "overweight" rating in a report on Friday, January 31st. Oppenheimer reiterated an "outperform" rating on shares of Visa in a research note on Thursday, February 13th. Finally, William Blair restated an "outperform" rating on shares of Visa in a research note on Friday, January 31st. Five equities research 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 company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $355.84.

Visa Price Performance

Shares of NYSE:V traded down $16.58 during midday trading on Friday, reaching $322.81. 5,288,031 shares of the company were exchanged, compared to its average volume of 6,639,790. The stock has a market cap of $599.71 billion, a PE ratio of 32.53, a price-to-earnings-growth ratio of 2.33 and a beta of 0.94. The business's fifty day moving average is $345.36 and its two-hundred day moving average is $316.73. Visa Inc. has a one year low of $252.70 and a one year high of $366.54. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.45.

Visa (NYSE:V - Get Free Report) last issued its earnings results on Thursday, January 30th. The credit-card processor reported $2.75 earnings per share (EPS) for the quarter, topping 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%. As a group, analysts predict 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. Investors of record on Tuesday, February 11th were issued a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a dividend yield of 0.73%. The ex-dividend date was Tuesday, February 11th. Visa's dividend payout ratio (DPR) is presently 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.