Vicus Capital lowered its position in shares of Visa Inc (NYSE:V) by 14.0% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 4,469 shares of the credit-card processor’s stock after selling 725 shares during the period. Vicus Capital’s holdings in Visa were worth $720,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the stock. Norges Bank acquired a new position in Visa during the 4th quarter worth about $3,303,463,000. M&G Investment Management Ltd. acquired a new position in shares of Visa in the 4th quarter valued at about $235,333,000. Diamond Hill Capital Management Inc. acquired a new position in shares of Visa in the 1st quarter valued at about $182,892,000. Renaissance Technologies LLC lifted its stake in shares of Visa by 1,683.4% in the 4th quarter. Renaissance Technologies LLC now owns 893,500 shares of the credit-card processor’s stock valued at $167,889,000 after purchasing an additional 843,400 shares during the period. Finally, Investec Asset Management LTD lifted its stake in shares of Visa by 15.9% in the 4th quarter. Investec Asset Management LTD now owns 5,875,039 shares of the credit-card processor’s stock valued at $1,103,920,000 after purchasing an additional 808,021 shares during the period. Institutional investors and hedge funds own 82.43% of the company’s stock.

In other news, EVP Lynne Biggar sold 5,500 shares of the firm’s stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $211.18, for a total transaction of $1,161,490.00. Following the transaction, the executive vice president now directly owns 19,370 shares of the company’s stock, valued at $4,090,556.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Alfred F. Kelly, Jr. sold 7,000 shares of the firm’s stock in a transaction dated Thursday, April 30th. The shares were sold at an average price of $181.78, for a total value of $1,272,460.00. Following the transaction, the chief executive officer now directly owns 139,090 shares in the company, valued at $25,283,780.20. The disclosure for this sale can be found here. In the last three months, insiders sold 26,500 shares of company stock worth $4,782,030. 0.19% of the stock is owned by insiders.

A number of research analysts have recently issued reports on V shares. Morgan Stanley boosted their price objective on Visa from $183.00 to $196.00 and gave the company an “overweight” rating in a research note on Friday, May 1st. Citigroup boosted their price objective on Visa from $190.00 to $194.00 and gave the company a “buy” rating in a research note on Thursday, April 9th. Robert W. Baird boosted their price objective on Visa from $166.00 to $175.00 and gave the company an “outperform” rating in a research note on Tuesday, March 31st. Guggenheim downgraded Visa from a “buy” rating to a “neutral” rating in a research note on Wednesday, April 22nd. Finally, BMO Capital Markets dropped their price target on Visa from $234.00 to $213.00 and set an “outperform” rating on the stock in a research note on Monday, May 4th. Five equities research analysts have rated the stock with a hold rating and twenty-four have assigned a buy rating to the stock. Visa has an average rating of “Buy” and a consensus target price of $203.00.

NYSE:V opened at $183.49 on Friday. The company has a market cap of $359.72 billion, a P/E ratio of 33.06, a P/E/G ratio of 2.66 and a beta of 0.92. The stock’s fifty day moving average price is $169.86 and its two-hundred day moving average price is $183.15. Visa Inc has a 1 year low of $133.93 and a 1 year high of $214.17. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.25 and a quick ratio of 1.25.

Visa (NYSE:V) last released its earnings results on Thursday, April 30th. The credit-card processor reported $1.39 EPS for the quarter, beating the Zacks’ consensus estimate of $1.35 by $0.04. The business had revenue of $5.85 billion for the quarter, compared to analysts’ expectations of $5.75 billion. Visa had a return on equity of 43.45% and a net margin of 52.26%. The firm’s revenue was up 6.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.31 earnings per share. On average, analysts expect that Visa Inc will post 4.99 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 2nd. Investors of record on Thursday, May 14th will be paid a $0.30 dividend. The ex-dividend date of this dividend is Wednesday, May 13th. This represents a $1.20 dividend on an annualized basis and a yield of 0.65%. Visa’s dividend payout ratio is presently 22.06%.

Visa Company Profile

Visa Inc operates as a payments technology company worldwide. The company facilitates commerce through the transfer of value and information among consumers, merchants, financial institutions, businesses, strategic partners, and government entities. It operates VisaNet, a processing network that enables authorization, clearing, and settlement of payment transactions; and offers fraud protection for account holders and assured payment for merchants.

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Institutional Ownership by Quarter for Visa (NYSE:V)

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