Visa Inc. (NYSE:V) Shares Sold by GQG Partners LLC

GQG Partners LLC lessened its holdings in shares of Visa Inc. (NYSE:V) by 14.7% in the fourth quarter, HoldingsChannel reports. The fund owned 4,487,285 shares of the credit-card processor’s stock after selling 774,052 shares during the period. Visa makes up about 2.1% of GQG Partners LLC’s portfolio, making the stock its 16th largest holding. GQG Partners LLC’s holdings in Visa were worth $1,418,162,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the stock. Princeton Capital Management LLC lifted its holdings in shares of Visa by 4.4% in the fourth quarter. Princeton Capital Management LLC now owns 2,521 shares of the credit-card processor’s stock valued at $797,000 after purchasing an additional 107 shares in the last quarter. EFG Asset Management North America Corp. lifted its position in shares of Visa by 22.7% during the 4th quarter. EFG Asset Management North America Corp. now owns 23,363 shares of the credit-card processor’s stock worth $7,390,000 after purchasing an additional 4,316 shares during the last quarter. Prospect Financial Group LLC acquired a new stake in shares of Visa in the fourth quarter worth $259,000. Modern Wealth Management LLC grew its position in Visa by 64.1% in the 4th quarter. Modern Wealth Management LLC now owns 8,358 shares of the credit-card processor’s stock worth $2,641,000 after purchasing an additional 3,264 shares during the last quarter. Finally, CoreFirst Bank & Trust acquired a new stake in Visa during the fourth quarter worth about $654,000. Institutional investors and hedge funds own 82.15% of the company’s stock.

Visa Trading Up 2.5 %

NYSE:V opened at $343.96 on Tuesday. 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 twelve month low of $252.70 and a twelve month high of $366.54. The company has a market cap of $639.00 billion, a P/E ratio of 34.67, a price-to-earnings-growth ratio of 2.33 and a beta of 0.95. The business has a 50 day moving average price of $341.23 and a two-hundred day moving average price of $313.75.

Visa (NYSE:V) last announced its earnings results on Thursday, January 30th. The credit-card processor reported $2.75 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%. As a group, analysts expect that Visa Inc. will post 11.3 EPS 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 given a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a dividend yield of 0.69%. The ex-dividend date was Tuesday, February 11th. Visa’s dividend payout ratio is currently 23.79%.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. StockNews.com raised shares of Visa from a “hold” rating to a “buy” rating in a research note on Thursday, March 20th. Seaport Res Ptn upgraded Visa from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, January 14th. UBS Group upped their price target on Visa from $350.00 to $400.00 and gave the company a “buy” rating in a research note on Friday, January 31st. William Blair reaffirmed an “outperform” rating on shares of Visa in a research note on Friday, January 31st. Finally, JPMorgan Chase & Co. boosted their target price on Visa from $340.00 to $375.00 and gave the stock an “overweight” rating in a research report on Friday, January 31st. Six analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $353.96.

Insider Buying and Selling

In other Visa news, CEO Ryan Mcinerney sold 8,620 shares of the company’s stock in a transaction 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 document filed with the SEC, which is available through the SEC website. Also, insider Paul D. Fabara sold 39,350 shares of the stock in a transaction on Wednesday, March 19th. The shares were sold at an average price of $340.41, for a total transaction of $13,395,133.50. Following the completion of the sale, the insider now owns 26,413 shares of the company’s stock, valued at approximately $8,991,249.33. This represents a 59.84 % 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. Corporate insiders own 0.13% of the company’s stock.

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.