Soros Capital Management LLC Increases Holdings in Visa Inc. (NYSE:V)

Soros Capital Management LLC increased its position in Visa Inc. (NYSE:V - Free Report) by 53.8% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 12,467 shares of the credit-card processor's stock after purchasing an additional 4,360 shares during the quarter. Soros Capital Management LLC's holdings in Visa were worth $3,940,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in V. Norges Bank purchased a new stake in shares of Visa in the 4th quarter worth approximately $5,171,271,000. Vanguard Group Inc. boosted its holdings in Visa by 4.6% in the fourth quarter. Vanguard Group Inc. now owns 159,405,343 shares of the credit-card processor's stock worth $50,378,465,000 after acquiring an additional 7,079,706 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in shares of Visa in the fourth quarter worth $1,955,403,000. Proficio Capital Partners LLC increased its holdings in shares of Visa by 17,018.7% during the fourth quarter. Proficio Capital Partners LLC now owns 3,949,118 shares of the credit-card processor's stock valued at $1,248,079,000 after acquiring an additional 3,926,049 shares in the last quarter. Finally, Sanders Capital LLC purchased a new position in shares of Visa in the 4th quarter worth about $623,022,000. 82.15% of the stock is currently owned by institutional investors.

Insider Activity

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

Visa Stock Performance

NYSE V traded up $1.51 on Thursday, hitting $335.88. 8,049,334 shares of the company traded hands, compared to its average volume of 7,230,475. The business's 50 day moving average price is $339.19 and its 200-day moving average price is $321.50. Visa Inc. has a 52-week low of $252.70 and a 52-week 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. The company has a market capitalization of $623.99 billion, a price-to-earnings ratio of 33.86, a P/E/G ratio of 2.33 and a beta of 0.94.

Visa (NYSE:V - Get Free Report) last posted its quarterly 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%. Equities analysts expect that Visa Inc. will post 11.3 earnings per share for the current year.

Visa Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Tuesday, February 11th were issued a dividend of $0.59 per share. The ex-dividend date of this dividend was Tuesday, February 11th. This represents a $2.36 dividend on an annualized basis and a yield of 0.70%. Visa's dividend payout ratio is presently 23.79%.

Analyst Upgrades and Downgrades

V has been the topic of several recent analyst reports. Oppenheimer reissued an "outperform" rating on shares of Visa in a research report on Thursday, February 13th. Piper Sandler reiterated an "overweight" rating and set a $383.00 price target (up previously from $368.00) on shares of Visa in a report on Friday, January 31st. Evercore ISI began coverage on shares of Visa in a report on Wednesday, April 9th. They issued an "in-line" rating and a $330.00 price objective for the company. Wells Fargo & Company upped their price objective on Visa from $360.00 to $395.00 and gave the company an "overweight" rating in a research report on Friday, January 31st. Finally, Bank of America boosted their price target on Visa from $331.00 to $363.00 and gave the stock a "neutral" rating in a research note on Friday, January 31st. Seven equities research analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus 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.