Longview Partners Guernsey LTD Sells 87,508 Shares of Visa Inc. (NYSE:V)

Longview Partners Guernsey LTD cut its stake in shares of Visa Inc. (NYSE:V - Free Report) by 4.2% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 1,999,968 shares of the credit-card processor's stock after selling 87,508 shares during the quarter. Visa comprises about 4.7% of Longview Partners Guernsey LTD's investment portfolio, making the stock its 8th largest position. Longview Partners Guernsey LTD owned approximately 0.11% of Visa worth $632,070,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also made changes to their positions in the stock. Decker Retirement Planning Inc. acquired a new position in shares of Visa during the 4th quarter worth $26,000. Bradley & Co. Private Wealth Management LLC acquired a new stake in shares of Visa in the fourth quarter valued at approximately $27,000. POM Investment Strategies LLC increased its stake in shares of 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 purchasing an additional 32 shares in the last quarter. Modus Advisors LLC purchased a new position in shares of Visa during the 4th quarter worth approximately $32,000. Finally, Compass Planning Associates Inc acquired a new position in shares of Visa during the 4th quarter worth approximately $32,000. Hedge funds and other institutional investors own 82.15% of the company's stock.

Wall Street Analysts Forecast Growth

V has been the subject of a number of analyst reports. UBS Group boosted their price target on Visa from $350.00 to $400.00 and gave the stock a "buy" rating in a report on Friday, January 31st. Piper Sandler reissued an "overweight" rating and set a $383.00 price objective (up previously from $368.00) on shares of Visa in a research note on Friday, January 31st. Raymond James reaffirmed an "outperform" rating and issued a $393.00 target price (up from $374.00) on shares of Visa in a research note on Friday, January 31st. Bank of America raised their price objective on Visa from $331.00 to $363.00 and gave the stock a "neutral" rating in a report on Friday, January 31st. Finally, Keefe, Bruyette & Woods reaffirmed a "hold" rating on shares of Visa in a research note on Thursday, February 13th. Seven analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $355.84.

Insider Buying and Selling

In other news, insider Tullier Kelly Mahon sold 33,741 shares of the firm's stock in a transaction dated Friday, February 7th. The shares were sold at an average price of $349.77, for a total value of $11,801,589.57. Following the transaction, the insider now directly owns 36,566 shares in the company, valued at approximately $12,789,689.82. This trade represents a 47.99 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Ryan Mcinerney sold 8,620 shares of the stock in a transaction dated Tuesday, April 1st. The stock was sold at an average price of $350.44, for a total transaction of $3,020,792.80. Following the sale, the chief executive officer now owns 537 shares in the company, valued at approximately $188,186.28. This trade represents a 94.14 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 143,205 shares of company stock worth $48,842,490. Corporate insiders own 0.13% of the company's stock.

Visa Stock Down 0.6 %

V stock traded down $2.07 during trading on Friday, reaching $329.26. The stock had a trading volume of 5,640,095 shares, compared to its average volume of 7,227,437. 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 firm has a fifty day moving average price of $340.68 and a 200 day moving average price of $320.44. The company has a market capitalization of $611.69 billion, a P/E ratio of 33.19, a PEG ratio of 2.33 and a beta of 0.94. Visa Inc. has a 1-year low of $252.70 and a 1-year high of $366.54.

Visa (NYSE:V - Get Free Report) last issued its quarterly earnings results on Thursday, January 30th. The credit-card processor reported $2.75 EPS for the quarter, beating 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, equities analysts anticipate that Visa Inc. will post 11.3 earnings per share for the current 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 given a dividend of $0.59 per share. The ex-dividend date was Tuesday, February 11th. This represents a $2.36 annualized dividend and a dividend yield of 0.72%. Visa's payout ratio is 23.79%.

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.