Visa Inc. (NYSE:V) Shares Sold by IQ EQ FUND MANAGEMENT IRELAND Ltd

IQ EQ FUND MANAGEMENT IRELAND Ltd trimmed its holdings in shares of Visa Inc. (NYSE:V - Free Report) by 5.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 36,302 shares of the credit-card processor's stock after selling 2,087 shares during the period. Visa accounts for about 1.4% of IQ EQ FUND MANAGEMENT IRELAND Ltd's investment portfolio, making the stock its 12th biggest holding. IQ EQ FUND MANAGEMENT IRELAND Ltd's holdings in Visa were worth $11,473,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of V. Hirtle Callaghan & Co LLC raised its stake in Visa by 1.3% during the 4th quarter. Hirtle Callaghan & Co LLC now owns 2,291 shares of the credit-card processor's stock valued at $724,000 after purchasing an additional 29 shares during the period. Elevation Wealth Partners LLC grew its holdings in Visa by 3.3% during the 4th quarter. Elevation Wealth Partners LLC now owns 939 shares of the credit-card processor's stock valued at $297,000 after buying an additional 30 shares in the last quarter. Warther Private Wealth LLC raised its position in shares of Visa by 1.0% during the fourth quarter. Warther Private Wealth LLC now owns 2,935 shares of the credit-card processor's stock valued at $928,000 after buying an additional 30 shares during the last quarter. Valmark Advisers Inc. grew its stake in Visa by 0.4% during the fourth quarter. Valmark Advisers Inc. now owns 7,251 shares of the credit-card processor's stock valued at $2,292,000 after acquiring an additional 30 shares in the last quarter. Finally, Strategic Family Wealth Counselors L.L.C. increased its holdings in Visa by 0.4% in the 4th quarter. Strategic Family Wealth Counselors L.L.C. now owns 7,283 shares of the credit-card processor's stock valued at $2,302,000 after acquiring an additional 30 shares during the last quarter. 82.15% of the stock is currently owned by institutional investors and hedge funds.

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Visa Stock Down 2.1 %

V stock traded down $7.24 during trading on Friday, reaching $342.62. 5,686,669 shares of the company traded hands, compared to its average volume of 7,140,541. The business has a 50 day simple moving average of $343.60 and a 200 day simple moving average of $315.27. Visa Inc. has a 12 month low of $252.70 and a 12 month high of $366.54. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.12 and a current ratio of 1.12. The company has a market capitalization of $636.51 billion, a price-to-earnings ratio of 34.54, a price-to-earnings-growth ratio of 2.33 and a beta of 0.95.

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 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%. On average, equities research analysts anticipate that Visa Inc. will post 11.3 earnings per share for the current fiscal year.

Visa Announces Dividend

The firm 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. This represents a $2.36 dividend on an annualized basis and a dividend yield of 0.69%. The ex-dividend date of this dividend was Tuesday, February 11th. Visa's payout ratio is presently 23.79%.

Analyst Ratings Changes

Several brokerages have recently issued reports on V. William Blair reaffirmed an "outperform" rating on shares of Visa in a report on Friday, January 31st. Wells Fargo & Company boosted their price target on shares of Visa from $360.00 to $395.00 and gave the stock an "overweight" rating in a research report on Friday, January 31st. Morgan Stanley upped their target price on shares of Visa from $326.00 to $371.00 and gave the company an "overweight" rating in a research report on Wednesday, December 18th. JPMorgan Chase & Co. boosted their target price on Visa from $340.00 to $375.00 and gave the company an "overweight" rating in a research report on Friday, January 31st. Finally, StockNews.com raised shares of Visa from a "hold" rating to a "buy" rating in a research note on Friday. Five analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Visa presently has a consensus rating of "Moderate Buy" and an average target price of $355.84.

Insider Transactions at Visa

In other Visa news, CEO Ryan Mcinerney sold 8,620 shares of the business's stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $317.78, for a total transaction of $2,739,263.60. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, insider Tullier Kelly Mahon sold 33,741 shares of the company's stock in a transaction that occurred on Friday, February 7th. The shares were sold at an average price of $349.77, for a total transaction of $11,801,589.57. Following the transaction, the insider now owns 36,566 shares in the company, valued at $12,789,689.82. The trade was a 47.99 % decrease in their position. 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 $48,560,961. Corporate insiders own 0.13% of the company's stock.

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.