Voyager Global Management LP Has $129.58 Million Stock Holdings in Visa Inc. (NYSE:V)

Voyager Global Management LP trimmed its position in shares of Visa Inc. (NYSE:V - Free Report) by 63.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 410,000 shares of the credit-card processor's stock after selling 725,000 shares during the period. Visa makes up 5.2% of Voyager Global Management LP's portfolio, making the stock its 9th biggest holding. Voyager Global Management LP's holdings in Visa were worth $129,576,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in V. Decker Retirement Planning Inc. bought a new stake in Visa in the 4th quarter valued at $26,000. Bradley & Co. Private Wealth Management LLC bought a new stake in shares of Visa in the fourth quarter valued at about $27,000. POM Investment Strategies LLC lifted its stake in shares of Visa by 48.5% in the fourth quarter. POM Investment Strategies LLC now owns 98 shares of the credit-card processor's stock valued at $31,000 after buying an additional 32 shares during the period. Modus Advisors LLC acquired a new stake in Visa during the fourth quarter worth about $32,000. Finally, Compass Planning Associates Inc bought a new position in Visa during the fourth quarter valued at about $32,000. 82.15% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

V has been the topic of several recent research reports. Barclays lifted their price objective on Visa from $361.00 to $396.00 and gave the stock an "overweight" rating in a report on Monday, February 3rd. UBS Group boosted their price target on shares of Visa from $350.00 to $400.00 and gave the company a "buy" rating in a 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 report on Friday, January 31st. Citigroup reissued a "neutral" rating on shares of Visa in a research note on Thursday, February 13th. Finally, Bank of America raised their price target on shares of Visa from $331.00 to $363.00 and gave the stock a "neutral" rating in a research note on Friday, January 31st. Seven analysts have rated the stock with a hold rating, twenty have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $358.17.

Insider Activity at Visa

In other Visa news, CAO Peter M. Andreski sold 2,332 shares of the stock in a transaction dated Friday, February 7th. The stock was sold at an average price of $349.62, for a total value of $815,313.84. Following the transaction, the chief accounting officer now owns 4,488 shares of the company's stock, valued at approximately $1,569,094.56. This represents a 34.19 % decrease in their ownership of the stock. 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 business's stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $340.00, for a total value of $2,930,800.00. 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. Company insiders own 0.13% of the company's stock.

Visa Trading Down 0.1 %

V traded down $0.21 during mid-day trading on Friday, reaching $335.50. The stock had a trading volume of 4,451,694 shares, compared to its average volume of 7,211,210. The firm's fifty day simple moving average is $338.42 and its two-hundred day simple moving average is $322.66. The stock has a market capitalization of $623.28 billion, a P/E ratio of 33.82, a P/E/G ratio of 2.33 and a beta of 0.94. Visa Inc. has a 52 week low of $252.70 and a 52 week 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.

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 (EPS) for the quarter, beating the consensus estimate 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 predict that Visa Inc. will post 11.3 EPS for the current year.

Visa Announces Dividend

The firm also recently declared 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. This represents a $2.36 dividend on an annualized basis and a dividend yield of 0.70%. The ex-dividend date of this dividend was Tuesday, February 11th. Visa's dividend payout ratio (DPR) is 23.79%.

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.