Visa Inc. (NYSE:V) is Montag & Caldwell LLC's 6th Largest Position

Montag & Caldwell LLC trimmed its position in Visa Inc. (NYSE:V - Free Report) by 7.3% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 58,997 shares of the credit-card processor's stock after selling 4,663 shares during the period. Visa makes up approximately 4.0% of Montag & Caldwell LLC's portfolio, making the stock its 6th biggest position. Montag & Caldwell LLC's holdings in Visa were worth $18,645,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the company. Norges Bank bought a new stake in Visa during the fourth quarter worth $5,171,271,000. Vanguard Group Inc. increased its stake in shares of 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 purchasing an additional 7,079,706 shares in the last quarter. Raymond James Financial Inc. bought a new stake in Visa during the 4th quarter valued at $1,955,403,000. Proficio Capital Partners LLC lifted its holdings in Visa by 17,018.7% during the 4th quarter. Proficio Capital Partners LLC now owns 3,949,118 shares of the credit-card processor's stock worth $1,248,079,000 after purchasing an additional 3,926,049 shares in the last quarter. Finally, Sanders Capital LLC bought a new position in shares of Visa in the fourth quarter valued at approximately $623,022,000. 82.15% of the stock is owned by institutional investors and hedge funds.

Visa Stock Performance

NYSE:V traded down $2.07 during mid-day trading on Friday, hitting $329.26. 5,640,095 shares of the company traded hands, compared to its average volume of 7,231,438. 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 price is $341.11 and its 200-day moving average price is $320.08. The firm has a market cap of $611.69 billion, a price-to-earnings ratio of 33.19, a price-to-earnings-growth ratio of 2.33 and a beta of 0.94. Visa Inc. has a one year low of $252.70 and a one year high of $366.54.

Visa (NYSE:V - Get Free Report) last released its earnings results on Thursday, January 30th. The credit-card processor reported $2.75 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.66 by $0.09. Visa had a net margin of 54.27% and a return on equity of 54.79%. Research analysts anticipate that Visa Inc. will post 11.3 earnings per share for the current fiscal year.

Visa Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Tuesday, February 11th were paid a dividend of $0.59 per share. The ex-dividend date of this dividend was Tuesday, February 11th. This represents a $2.36 annualized dividend and a yield of 0.72%. Visa's payout ratio is 23.79%.

Insider Transactions at Visa

In related news, General Counsel Julie B. Rottenberg sold 2,572 shares of the stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $340.00, for a total value of $874,480.00. Following the completion of the transaction, the general counsel now owns 11,925 shares of the company's stock, valued at approximately $4,054,500. This trade represents a 17.74 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Paul D. Fabara sold 39,350 shares of the company's stock in a transaction that occurred on Friday, March 14th. The shares were sold at an average price of $327.20, for a total value of $12,875,320.00. Following the sale, the insider now owns 26,413 shares in the company, valued at approximately $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 three months, insiders have sold 143,205 shares of company stock valued at $48,842,490. 0.13% of the stock is currently owned by insiders.

Analyst Ratings Changes

V has been the subject of several recent analyst reports. Keefe, Bruyette & Woods reissued a "hold" rating on shares of Visa in a report on Thursday, February 13th. Piper Sandler restated an "overweight" rating and issued a $383.00 price objective (up previously from $368.00) on shares of Visa in a research report on Friday, January 31st. Raymond James reaffirmed an "outperform" rating and set a $393.00 price objective (up from $374.00) on shares of Visa in a research report on Friday, January 31st. Bank of America increased 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, Wells Fargo & Company boosted their price target on Visa from $360.00 to $395.00 and gave the stock an "overweight" rating in a research report on Friday, January 31st. Seven research analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $355.84.

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.