Two Creeks Capital Management LP Reduces Position in Visa Inc. (NYSE:V)

Two Creeks Capital Management LP trimmed its position in shares of Visa Inc. (NYSE:V - Free Report) by 1.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 521,074 shares of the credit-card processor's stock after selling 6,117 shares during the period. Visa makes up 10.1% of Two Creeks Capital Management LP's portfolio, making the stock its biggest holding. Two Creeks Capital Management LP's holdings in Visa were worth $164,680,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Howard Capital Management Group LLC lifted its position in shares of Visa by 0.6% in the 3rd quarter. Howard Capital Management Group LLC now owns 106,355 shares of the credit-card processor's stock worth $29,242,000 after acquiring an additional 610 shares during the period. Principal Financial Group Inc. increased its position in shares of Visa by 7.7% during the third quarter. Principal Financial Group Inc. now owns 5,733,284 shares of the credit-card processor's stock valued at $1,576,366,000 after purchasing an additional 411,210 shares during the period. Morse Asset Management Inc acquired a new position in shares of Visa in the third quarter valued at $69,000. Passumpsic Savings Bank lifted its position in Visa by 2.0% in the third quarter. Passumpsic Savings Bank now owns 9,137 shares of the credit-card processor's stock worth $2,512,000 after purchasing an additional 179 shares during the period. Finally, Virtu Financial LLC boosted its stake in Visa by 101.5% during the third quarter. Virtu Financial LLC now owns 44,984 shares of the credit-card processor's stock worth $12,368,000 after buying an additional 22,658 shares in the last quarter. 82.15% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, CAO Peter M. Andreski sold 2,332 shares of the firm's stock in a transaction on Friday, February 7th. The shares were sold at an average price of $349.62, for a total transaction of $815,313.84. Following the sale, the chief accounting officer now directly owns 4,488 shares in the company, valued at $1,569,094.56. This trade represents a 34.19 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Ryan Mcinerney sold 8,620 shares of the business's stock in a transaction on 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 sale, the chief executive officer now directly owns 537 shares in the company, valued at $194,931. This represents a 94.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 143,205 shares of company stock worth $48,842,490. Corporate insiders own 0.13% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on V shares. Evercore ISI initiated coverage on shares of Visa in a research note on Wednesday, April 9th. They issued an "in-line" rating and a $330.00 price objective for the company. Susquehanna reissued a "positive" rating on shares of Visa in a research report on Friday, March 21st. William Blair restated an "outperform" rating on shares of Visa in a research note on Friday, January 31st. Raymond James reiterated an "outperform" rating and issued a $393.00 price objective (up from $374.00) on shares of Visa in a research note on Friday, January 31st. Finally, Citigroup restated a "neutral" rating on shares of Visa in a research report on Thursday, February 13th. Seven investment analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, Visa currently has an average rating of "Moderate Buy" and a consensus target price of $355.84.

Visa Trading Up 3.6 %

NYSE V opened at $331.74 on Wednesday. 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 Inc. has a 12 month low of $252.70 and a 12 month high of $366.54. The company has a market capitalization of $616.30 billion, a PE ratio of 33.44, a P/E/G ratio of 2.33 and a beta of 0.94. The stock has a 50-day simple moving average of $339.57 and a 200 day simple moving average of $321.41.

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

Visa Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Tuesday, February 11th were paid a dividend of $0.59 per share. This represents a $2.36 annualized dividend and a yield of 0.71%. The ex-dividend date was Tuesday, February 11th. Visa's payout ratio is presently 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.

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