Zevenbergen Capital Investments LLC Sells 32,350 Shares of Visa Inc. (NYSE:V)

Zevenbergen Capital Investments LLC lowered its position in Visa Inc. (NYSE:V - Free Report) by 61.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 20,258 shares of the credit-card processor's stock after selling 32,350 shares during the quarter. Zevenbergen Capital Investments LLC's holdings in Visa were worth $6,402,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Swedbank AB boosted its stake in shares of Visa by 10.7% during the 3rd quarter. Swedbank AB now owns 2,059,111 shares of the credit-card processor's stock worth $566,153,000 after acquiring an additional 199,440 shares in the last quarter. Howard Capital Management Group LLC boosted its position in Visa by 0.6% during the third quarter. Howard Capital Management Group LLC now owns 106,355 shares of the credit-card processor's stock worth $29,242,000 after purchasing an additional 610 shares during the period. Principal Financial Group Inc. grew its holdings in Visa by 7.7% during the third quarter. Principal Financial Group Inc. now owns 5,733,284 shares of the credit-card processor's stock valued at $1,576,366,000 after purchasing an additional 411,210 shares during the last quarter. Eagle Asset Management Inc. grew its holdings in Visa by 14.7% during the third quarter. Eagle Asset Management Inc. now owns 36,905 shares of the credit-card processor's stock valued at $10,147,000 after purchasing an additional 4,726 shares during the last quarter. Finally, Algert Global LLC bought a new position in shares of Visa in the third quarter valued at approximately $1,778,000. 82.15% of the stock is owned by institutional investors and hedge funds.

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Insider Transactions at Visa

In related news, CEO Ryan Mcinerney sold 8,620 shares of the company's stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $317.78, for a total transaction of $2,739,263.60. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, General Counsel Julie B. Rottenberg sold 2,572 shares of the firm's stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $340.00, for a total transaction of $874,480.00. Following the completion of the sale, the general counsel now owns 11,925 shares of the company's stock, valued at $4,054,500. The trade was a 17.74 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 143,205 shares of company stock worth $48,560,961. Insiders own 0.13% of the company's stock.

Visa Price Performance

NYSE:V traded up $1.08 during trading hours on Tuesday, reaching $344.95. The company had a trading volume of 3,930,720 shares, compared to its average volume of 6,717,931. The stock has a 50-day moving average of $341.94 and a two-hundred day moving average of $314.21. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.45. Visa Inc. has a one year low of $252.70 and a one year high of $366.54. The firm has a market capitalization of $640.84 billion, a PE ratio of 34.77, a PEG ratio of 2.33 and a beta of 0.95.

Visa (NYSE:V - Get Free Report) last posted its quarterly earnings data on Thursday, January 30th. The credit-card processor reported $2.75 earnings per share 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%. Analysts forecast that Visa Inc. will post 11.3 earnings per share for the current year.

Visa Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Tuesday, February 11th were paid a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a yield of 0.68%. The ex-dividend date was Tuesday, February 11th. Visa's dividend payout ratio is currently 23.79%.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the stock. The Goldman Sachs Group upped their price objective on shares of Visa from $346.00 to $384.00 and gave the stock a "buy" rating in a report on Friday, January 31st. Wells Fargo & Company upped their price target on shares of Visa from $360.00 to $395.00 and gave the company an "overweight" rating in a report on Friday, January 31st. Citigroup reaffirmed a "neutral" rating on shares of Visa in a research report on Thursday, February 13th. Morgan Stanley boosted their price objective on Visa from $326.00 to $371.00 and gave the stock an "overweight" rating in a research report on Wednesday, December 18th. Finally, Seaport Res Ptn raised Visa from a "hold" rating to a "strong-buy" rating in a report on Tuesday, January 14th. Six research analysts have rated the stock with a hold rating, twenty-three have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $353.96.

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.