Vinva Investment Management Ltd Grows Holdings in Visa Inc. (NYSE:V)

Vinva Investment Management Ltd lifted its position in shares of Visa Inc. (NYSE:V - Free Report) by 13.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 84,777 shares of the credit-card processor's stock after purchasing an additional 9,837 shares during the period. Visa comprises 1.0% of Vinva Investment Management Ltd's portfolio, making the stock its 11th largest position. Vinva Investment Management Ltd's holdings in Visa were worth $26,731,000 at the end of the most recent reporting period.

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

Insider Activity at Visa

In related news, General Counsel Julie B. Rottenberg sold 2,572 shares of the firm's stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $340.00, for a total value of $874,480.00. Following the completion of the transaction, the general counsel now owns 11,925 shares of the company's stock, valued at approximately $4,054,500. This trade represents a 17.74 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Ryan Mcinerney sold 8,620 shares of Visa stock in a transaction dated 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 have sold a total of 143,205 shares of company stock valued at $48,560,961 in the last 90 days. 0.13% of the stock is owned by corporate insiders.

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Analyst Upgrades and Downgrades

Several research firms have recently issued reports on V. Bank of America boosted their target price on Visa from $331.00 to $363.00 and gave the stock a "neutral" rating in a research report on Friday, January 31st. Keefe, Bruyette & Woods reiterated a "hold" rating on shares of Visa in a research note on Thursday, February 13th. Citigroup reissued a "neutral" rating on shares of Visa in a research report on Thursday, February 13th. StockNews.com upgraded shares of Visa from a "hold" rating to a "buy" rating in a research report on Thursday. Finally, Raymond James restated an "outperform" rating and set a $393.00 price objective (up previously from $374.00) on shares of Visa in a research report on Friday, January 31st. Six research 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's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $353.96.

Visa Stock Performance

NYSE:V traded down $2.99 during midday trading on Friday, reaching $336.51. 17,254,663 shares of the company traded hands, compared to its average volume of 6,730,029. The company has a fifty day moving average price of $340.48 and a 200 day moving average price of $313.06. The firm has a market capitalization of $625.15 billion, a price-to-earnings ratio of 33.92, a price-to-earnings-growth ratio of 2.33 and a beta of 0.95. 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 Inc. has a twelve month low of $252.70 and a twelve month high of $366.54.

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 analysts' consensus estimates of $2.66 by $0.09. Visa had a return on equity of 54.79% and a net margin of 54.27%. On average, analysts expect that Visa Inc. will post 11.3 EPS for the current fiscal year.

Visa Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Tuesday, February 11th were paid a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a dividend yield of 0.70%. The ex-dividend date was Tuesday, February 11th. Visa's dividend payout ratio 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.