Visa Inc. (NYSE:V) Stock Position Lifted by Dnca Finance

Dnca Finance grew its stake in Visa Inc. (NYSE:V - Free Report) by 4.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 199,447 shares of the credit-card processor's stock after acquiring an additional 8,270 shares during the period. Visa accounts for approximately 4.9% of Dnca Finance's holdings, making the stock its 3rd largest position. Dnca Finance's holdings in Visa were worth $63,033,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Howard Capital Management Group LLC boosted its holdings in 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 valued at $29,242,000 after purchasing an additional 610 shares during the period. Principal Financial Group Inc. increased its stake in Visa by 7.7% during the 3rd quarter. Principal Financial Group Inc. now owns 5,733,284 shares of the credit-card processor's stock worth $1,576,366,000 after acquiring an additional 411,210 shares during the period. Morse Asset Management Inc acquired a new position in Visa in the 3rd quarter valued at $69,000. Passumpsic Savings Bank grew its holdings in shares of Visa by 2.0% during the 3rd 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 in the last quarter. Finally, Virtu Financial LLC increased its position in shares of Visa by 101.5% in the third quarter. Virtu Financial LLC now owns 44,984 shares of the credit-card processor's stock worth $12,368,000 after purchasing an additional 22,658 shares during the period. Institutional investors and hedge funds own 82.15% of the company's stock.

Insider Transactions at Visa

In other news, CEO Ryan Mcinerney sold 8,620 shares of the company's stock in a transaction on Tuesday, April 1st. The shares were sold at an average price of $350.44, for a total value of $3,020,792.80. Following the completion of the sale, the chief executive officer now owns 537 shares of the company's stock, valued at approximately $188,186.28. This represents a 94.14 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Paul D. Fabara sold 39,350 shares of the business's stock in a transaction dated Wednesday, March 19th. The shares were sold at an average price of $340.41, for a total value of $13,395,133.50. Following the completion of the sale, the insider now directly owns 26,413 shares of the company's stock, valued at approximately $8,991,249.33. This trade represents a 59.84 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 143,205 shares of company stock valued at $48,842,490 over the last three months. Company insiders own 0.13% of the company's stock.

Visa Stock Performance

V traded up $4.91 during trading on Wednesday, hitting $336.31. 2,395,929 shares of the company traded hands, compared to its average volume of 7,198,419. Visa Inc. has a one year low of $252.70 and a one year high of $366.54. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.45. The stock's fifty day moving average is $339.57 and its 200 day moving average is $321.41. The firm has a market cap of $624.79 billion, a P/E ratio of 33.90, a price-to-earnings-growth ratio of 2.33 and a beta of 0.94.

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 for the quarter, topping 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%. As a group, equities analysts predict that Visa Inc. will post 11.3 EPS for the current fiscal year.

Visa Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Stockholders 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 0.70%. The ex-dividend date of this dividend was Tuesday, February 11th. Visa's payout ratio is currently 23.79%.

Wall Street Analyst Weigh In

Several equities analysts have commented on the stock. Citigroup reissued a "neutral" rating on shares of Visa in a report on Thursday, February 13th. Seaport Res Ptn raised Visa from a "hold" rating to a "strong-buy" rating in a report on Tuesday, January 14th. UBS Group raised their price objective on Visa from $350.00 to $400.00 and gave the company a "buy" rating in a report on Friday, January 31st. Barclays increased their price objective on Visa from $361.00 to $396.00 and gave the company an "overweight" rating in a report on Monday, February 3rd. Finally, Evercore ISI started coverage on Visa in a research report on Wednesday, April 9th. They issued an "in-line" rating and a $330.00 price target on the stock. Seven equities research analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $355.84.

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.