Two Creeks Capital Management LP Sells 6,117 Shares of Visa Inc. (NYSE:V)

Two Creeks Capital Management LP lessened its holdings in Visa Inc. (NYSE:V) by 1.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 521,074 shares of the credit-card processor’s stock after selling 6,117 shares during the quarter. Visa accounts for approximately 10.1% of Two Creeks Capital Management LP’s investment portfolio, making the stock its biggest holding. Two Creeks Capital Management LP’s holdings in Visa were worth $164,680,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in V. Howard Capital Management Group LLC grew its holdings in shares of Visa by 0.6% in the 3rd quarter. Howard Capital Management Group LLC now owns 106,355 shares of the credit-card processor’s stock valued at $29,242,000 after acquiring an additional 610 shares in the last quarter. Principal Financial Group Inc. increased its position in shares of Visa by 7.7% during the 3rd quarter. Principal Financial Group Inc. now owns 5,733,284 shares of the credit-card processor’s stock worth $1,576,366,000 after purchasing an additional 411,210 shares during the last quarter. Morse Asset Management Inc acquired a new stake in shares of Visa in the 3rd quarter valued at approximately $69,000. Passumpsic Savings Bank increased its holdings in Visa by 2.0% during the third quarter. Passumpsic Savings Bank now owns 9,137 shares of the credit-card processor’s stock worth $2,512,000 after buying an additional 179 shares during the last quarter. Finally, Virtu Financial LLC increased its holdings in Visa by 101.5% during the third quarter. Virtu Financial LLC now owns 44,984 shares of the credit-card processor’s stock worth $12,368,000 after buying an additional 22,658 shares during the last quarter. Institutional investors own 82.15% of the company’s stock.

Insider Activity

In related news, CEO Ryan Mcinerney sold 8,620 shares of Visa stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $340.00, for a total transaction of $2,930,800.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Paul D. Fabara sold 39,350 shares of the business’s stock in a transaction that occurred on Wednesday, March 19th. The stock was sold at an average price of $340.41, for a total transaction of $13,395,133.50. Following the sale, the insider now directly owns 26,413 shares in the company, valued at $8,991,249.33. The trade was a 59.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 143,205 shares of company stock worth $48,842,490. Insiders own 0.13% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the stock. Susquehanna restated a “positive” rating on shares of Visa in a research note on Friday, March 21st. Evercore ISI assumed coverage on Visa in a report on Wednesday, April 9th. They set an “in-line” rating and a $330.00 target price on the stock. Citigroup reaffirmed a “neutral” rating on shares of Visa in a research report on Thursday, February 13th. Raymond James reissued an “outperform” rating and issued a $393.00 price objective (up from $374.00) on shares of Visa in a research report on Friday, January 31st. Finally, 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 research note on Friday, January 31st. Seven investment 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. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $355.84.

Visa Price Performance

Shares of V stock opened at $331.74 on Wednesday. The business has a fifty day simple moving average of $339.57 and a 200 day simple moving average of $321.41. The company has a market cap of $616.30 billion, a P/E ratio of 33.44, a P/E/G ratio of 2.33 and a beta of 0.94. 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.

Visa (NYSE:V) last posted its quarterly earnings results on Thursday, January 30th. The credit-card processor reported $2.75 earnings per share for the quarter, beating analysts’ consensus estimates of $2.66 by $0.09. Visa had a net margin of 54.27% and a return on equity of 54.79%. On average, sell-side analysts forecast that Visa Inc. will post 11.3 EPS for the current fiscal year.

Visa Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Tuesday, February 11th were issued a dividend of $0.59 per share. The ex-dividend date was Tuesday, February 11th. This represents a $2.36 annualized dividend and a dividend yield of 0.71%. Visa’s dividend payout ratio (DPR) is presently 23.79%.

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.