SIH Partners LLLP Makes New Investment in Visa Inc. (NYSE:V)

SIH Partners LLLP purchased a new position in shares of Visa Inc. (NYSE:V) in the fourth quarter, Holdings Channel.com reports. The fund purchased 3,707 shares of the credit-card processor’s stock, valued at approximately $1,172,000.

Other institutional investors and hedge funds have also modified their holdings of the company. ClearAlpha Technologies LP bought a new stake in shares of Visa during the fourth quarter worth $261,000. Soros Capital Management LLC increased its holdings in Visa by 53.8% in the 4th quarter. Soros Capital Management LLC now owns 12,467 shares of the credit-card processor’s stock worth $3,940,000 after purchasing an additional 4,360 shares in the last quarter. Fayez Sarofim & Co raised its position in Visa by 3.3% in the fourth quarter. Fayez Sarofim & Co now owns 3,397,604 shares of the credit-card processor’s stock valued at $1,084,482,000 after purchasing an additional 108,121 shares during the last quarter. Canal Capital Management LLC boosted its stake in shares of Visa by 0.8% during the fourth quarter. Canal Capital Management LLC now owns 19,949 shares of the credit-card processor’s stock valued at $6,305,000 after purchasing an additional 161 shares in the last quarter. Finally, J. Safra Sarasin Holding AG increased its stake in shares of Visa by 77.0% in the fourth quarter. J. Safra Sarasin Holding AG now owns 63,226 shares of the credit-card processor’s stock valued at $19,947,000 after buying an additional 27,501 shares during the period. 82.15% of the stock is currently owned by institutional investors.

Insider Activity

In related news, General Counsel Julie B. Rottenberg sold 2,572 shares of the stock in a transaction that occurred on Monday, February 3rd. The stock was 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 directly owns 11,925 shares of the company’s stock, valued at approximately $4,054,500. This trade represents a 17.74 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Ryan Mcinerney sold 8,620 shares of the business’s stock in a transaction on 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 sold a total of 143,205 shares of company stock worth $48,842,490 over the last quarter. Insiders own 0.13% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on V shares. Keefe, Bruyette & Woods reissued a “hold” rating on shares of Visa in a report on Thursday, February 13th. Wells Fargo & Company raised their target price on Visa from $360.00 to $395.00 and gave the stock an “overweight” rating in a research report on Friday, January 31st. StockNews.com downgraded Visa from a “buy” rating to a “hold” rating in a research report on Wednesday, April 16th. Piper Sandler reissued an “overweight” rating and set a $383.00 target price (up previously from $368.00) on shares of Visa in a research report on Friday, January 31st. Finally, Susquehanna restated a “positive” rating on shares of Visa in a research report on Friday, March 21st. Seven research analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Visa has a consensus rating of “Moderate Buy” and a consensus price target of $355.84.

Visa Price Performance

V stock opened at $320.01 on Tuesday. 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 business has a 50-day simple moving average of $340.05 and a two-hundred day simple moving average of $321.34. The company has a market capitalization of $594.51 billion, a P/E ratio of 32.26, a price-to-earnings-growth 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.

Visa (NYSE:V) last announced its 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%. Research analysts expect that Visa Inc. will post 11.3 EPS for the current fiscal year.

Visa Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Tuesday, February 11th were paid a $0.59 dividend. The ex-dividend date of this dividend was Tuesday, February 11th. This represents a $2.36 annualized dividend and a dividend yield of 0.74%. Visa’s payout ratio is 23.79%.

Visa Company 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.