Pragma Gestao DE Patrimonio Ltd. Sells 14,000 Shares of Visa Inc. (NYSE:V)

Pragma Gestao DE Patrimonio Ltd. cut its stake in shares of Visa Inc. (NYSE:V - Free Report) by 41.2% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 20,000 shares of the credit-card processor's stock after selling 14,000 shares during the quarter. Visa makes up approximately 3.5% of Pragma Gestao DE Patrimonio Ltd.'s portfolio, making the stock its 9th biggest position. Pragma Gestao DE Patrimonio Ltd.'s holdings in Visa were worth $6,321,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in V. Decker Retirement Planning Inc. purchased a new position in shares of Visa in the 4th quarter valued at about $26,000. Bradley & Co. Private Wealth Management LLC purchased a new position in shares of Visa in the 4th quarter valued at $27,000. POM Investment Strategies LLC raised its stake in Visa by 48.5% during 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 in the last quarter. Modus Advisors LLC acquired a new position in Visa in the fourth quarter valued at $32,000. Finally, Compass Planning Associates Inc purchased a new position in shares of Visa during the fourth quarter worth about $32,000. Institutional investors and hedge funds own 82.15% of the company's stock.

Insider Buying and Selling at Visa

In other Visa news, insider Paul D. Fabara sold 39,350 shares of the stock in a transaction on Wednesday, March 19th. The shares were sold at an average price of $340.41, for a total transaction of $13,395,133.50. Following the transaction, the insider now directly owns 26,413 shares in the company, valued at $8,991,249.33. This represents a 59.84 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Ryan Mcinerney sold 8,620 shares of Visa stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $363.00, for a total value of $3,129,060.00. Following the completion of the transaction, the chief executive officer now owns 537 shares of the company's stock, valued at $194,931. This trade represents a 94.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 143,205 shares of company stock worth $48,560,961. Corporate insiders own 0.13% of the company's stock.

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Visa Price Performance

Shares of V stock traded down $7.24 during mid-day trading on Friday, reaching $342.62. The stock had a trading volume of 5,686,669 shares, compared to its average volume of 7,140,541. The company has a market cap of $636.51 billion, a P/E ratio of 34.54, a price-to-earnings-growth ratio of 2.33 and a beta of 0.95. 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 business has a 50-day simple moving average of $343.60 and a 200 day simple moving average of $315.27.

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 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%. On average, sell-side analysts anticipate that Visa Inc. will post 11.3 earnings per share for the current year.

Visa Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Tuesday, February 11th were paid a $0.59 dividend. This represents a $2.36 annualized dividend and a yield of 0.69%. The ex-dividend date of this dividend was Tuesday, February 11th. Visa's payout ratio is 23.79%.

Analyst Ratings Changes

V has been the topic of a number of research reports. Citigroup restated a "neutral" rating on shares of Visa in a research note on Thursday, February 13th. Barclays lifted their target price on shares of Visa from $361.00 to $396.00 and gave the company an "overweight" rating in a report on Monday, February 3rd. Oppenheimer reiterated an "outperform" rating on shares of Visa in a research note on Thursday, February 13th. Wells Fargo & Company lifted their price objective 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. Finally, Seaport Res Ptn upgraded shares of Visa from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, January 14th. Five investment 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. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $355.84.

Visa Company 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.