Vinva Investment Management Ltd Has $26.73 Million Stake in Visa Inc. (NYSE:V)

Vinva Investment Management Ltd boosted its position in shares of Visa Inc. (NYSE:V) by 13.1% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 84,777 shares of the credit-card processor’s stock after buying an additional 9,837 shares during the period. Visa makes up approximately 1.0% of Vinva Investment Management Ltd’s investment portfolio, making the stock its 11th largest position. Vinva Investment Management Ltd’s holdings in Visa were worth $26,731,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Decker Retirement Planning Inc. acquired a new stake in Visa during the 4th quarter worth approximately $26,000. Bradley & Co. Private Wealth Management LLC bought a new stake in shares of Visa in the 4th quarter valued at $27,000. POM Investment Strategies LLC grew its position in Visa by 48.5% in the 4th quarter. POM Investment Strategies LLC now owns 98 shares of the credit-card processor’s stock valued at $31,000 after purchasing an additional 32 shares during the period. Modus Advisors LLC acquired a new stake in Visa in the 4th quarter valued at $32,000. Finally, Compass Planning Associates Inc acquired a new stake in Visa in the 4th quarter valued at $32,000. 82.15% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, CEO Ryan Mcinerney sold 8,620 shares of Visa stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $317.78, for a total transaction of $2,739,263.60. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, General Counsel Julie B. Rottenberg sold 2,572 shares of Visa stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $340.00, for a total value of $874,480.00. Following the transaction, the general counsel now directly owns 11,925 shares in the company, valued at approximately $4,054,500. The trade was a 17.74 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 103,855 shares of company stock valued at $35,165,827. Insiders own 0.13% of the company’s stock.

Visa Trading Down 0.1 %

Visa stock opened at $334.30 on Wednesday. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.12 and a quick ratio of 1.12. Visa Inc. has a one year low of $252.70 and a one year high of $366.54. The stock has a market capitalization of $621.06 billion, a PE ratio of 33.70, a price-to-earnings-growth ratio of 2.33 and a beta of 0.95. The business’s fifty day moving average is $338.84 and its 200 day moving average is $312.02.

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, topping 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, sell-side analysts predict that Visa Inc. will post 11.3 EPS for the current year.

Visa Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Tuesday, February 11th were given a $0.59 dividend. The ex-dividend date was Tuesday, February 11th. This represents a $2.36 annualized dividend and a yield of 0.71%. Visa’s payout ratio is 23.79%.

Analyst Ratings Changes

A number of research firms have issued reports on V. UBS Group lifted their price objective on shares of Visa from $350.00 to $400.00 and gave the stock a “buy” rating in a report on Friday, January 31st. StockNews.com cut Visa from a “buy” rating to a “hold” rating in a research report on Wednesday, March 12th. Wells Fargo & Company upped their price objective 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. Raymond James reaffirmed an “outperform” rating and issued a $393.00 target price (up previously from $374.00) on shares of Visa in a research note on Friday, January 31st. Finally, The Goldman Sachs Group upped their target price on Visa from $346.00 to $384.00 and gave the stock a “buy” rating in a research note on Friday, January 31st. Seven investment analysts have rated the stock with a hold rating, twenty-two have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $353.96.

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.