Charles Lim Capital Ltd Sells 202,609 Shares of Visa Inc. (NYSE:V)

Charles Lim Capital Ltd decreased its holdings in Visa Inc. (NYSE:V - Free Report) by 73.7% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 72,391 shares of the credit-card processor's stock after selling 202,609 shares during the quarter. Visa makes up 5.7% of Charles Lim Capital Ltd's portfolio, making the stock its 6th biggest position. Charles Lim Capital Ltd's holdings in Visa were worth $22,878,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of V. Kidder Stephen W raised its holdings in Visa by 5.0% in the fourth quarter. Kidder Stephen W now owns 1,067 shares of the credit-card processor's stock valued at $337,000 after acquiring an additional 51 shares in the last quarter. Leeward Financial Partners LLC increased its position in shares of Visa by 3.8% in the 4th quarter. Leeward Financial Partners LLC now owns 15,159 shares of the credit-card processor's stock worth $4,791,000 after purchasing an additional 551 shares during the last quarter. Landscape Capital Management L.L.C. lifted its position in shares of Visa by 16.0% during the fourth quarter. Landscape Capital Management L.L.C. now owns 29,317 shares of the credit-card processor's stock worth $9,265,000 after purchasing an additional 4,050 shares during the last quarter. Thoroughbred Financial Services LLC lifted its position in shares of Visa by 1.2% during the fourth quarter. Thoroughbred Financial Services LLC now owns 39,295 shares of the credit-card processor's stock worth $12,418,000 after purchasing an additional 464 shares during the last quarter. Finally, Resolute Advisors LLC bought a new stake in Visa in the fourth quarter valued at about $236,000. Hedge funds and other institutional investors own 82.15% of the company's stock.

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Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on V shares. Citigroup reissued a "neutral" rating on shares of Visa in a research report on Thursday, February 13th. Barclays increased their target price on shares of Visa from $361.00 to $396.00 and gave the stock an "overweight" rating in a report on Monday, February 3rd. Piper Sandler reaffirmed an "overweight" rating and issued a $383.00 price target (up from $368.00) on shares of Visa in a report on Friday, January 31st. Morgan Stanley increased their price objective on shares of Visa from $326.00 to $371.00 and gave the stock an "overweight" rating in a research note on Wednesday, December 18th. Finally, Susquehanna restated a "positive" rating on shares of Visa in a research note on Friday, March 21st. Five equities research analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $355.84.

Visa Trading Down 7.6 %

V traded down $25.93 during trading on Friday, reaching $313.46. The company had a trading volume of 13,195,055 shares, compared to its average volume of 7,221,128. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.12 and a current ratio of 1.12. Visa Inc. has a 12-month low of $252.70 and a 12-month high of $366.54. The company has a market cap of $582.34 billion, a price-to-earnings ratio of 31.60, a PEG ratio of 2.33 and a beta of 0.94. The firm's 50-day simple moving average is $345.02 and its 200 day simple moving average is $317.07.

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

Visa Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Tuesday, February 11th were issued a dividend of $0.59 per share. The ex-dividend date was Tuesday, February 11th. This represents a $2.36 dividend on an annualized basis and a dividend yield of 0.75%. Visa's dividend payout ratio is 23.79%.

Insider Activity

In other news, CEO Ryan Mcinerney sold 8,620 shares of the business's stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $340.00, for a total transaction of $2,930,800.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Paul D. Fabara sold 39,350 shares of the company's stock in a transaction on Friday, March 14th. The stock was sold at an average price of $327.20, for a total transaction of $12,875,320.00. Following the completion of the transaction, the insider now directly owns 26,413 shares in the company, valued at $8,642,333.60. This trade represents a 59.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 143,205 shares of company stock worth $48,842,490. 0.13% of the stock is owned by corporate insiders.

Visa 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.