Visa Inc. (NYSE:V) Shares Purchased by Duality Advisers LP

Duality Advisers LP boosted its position in Visa Inc. (NYSE:V) by 67.2% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 25,503 shares of the credit-card processor’s stock after buying an additional 10,246 shares during the period. Visa makes up approximately 0.7% of Duality Advisers LP’s portfolio, making the stock its 4th biggest position. Duality Advisers LP’s holdings in Visa were worth $6,640,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in V. International Assets Investment Management LLC raised its position in shares of Visa by 17,418.7% during the fourth quarter. International Assets Investment Management LLC now owns 4,737,229 shares of the credit-card processor’s stock worth $1,233,338,000 after purchasing an additional 4,710,188 shares during the period. FMR LLC lifted its holdings in shares of Visa by 4.7% in the 3rd quarter. FMR LLC now owns 50,357,747 shares of the credit-card processor’s stock worth $11,582,785,000 after purchasing an additional 2,257,605 shares in the last quarter. J.P. Morgan Private Wealth Advisors LLC bought a new position in shares of Visa in the 3rd quarter worth $358,349,000. The Manufacturers Life Insurance Company lifted its holdings in shares of Visa by 34.1% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 3,929,979 shares of the credit-card processor’s stock worth $903,955,000 after purchasing an additional 999,167 shares in the last quarter. Finally, Envestnet Asset Management Inc. lifted its holdings in shares of Visa by 28.0% in the 3rd quarter. Envestnet Asset Management Inc. now owns 3,983,190 shares of the credit-card processor’s stock worth $916,174,000 after purchasing an additional 871,439 shares in the last quarter. 82.15% of the stock is owned by institutional investors and hedge funds.

Visa Trading Up 0.9 %

Shares of Visa stock opened at $272.31 on Tuesday. The stock has a fifty day moving average price of $279.52 and a 200-day moving average price of $263.62. Visa Inc. has a 1 year low of $216.14 and a 1 year high of $290.96. The firm has a market cap of $500.10 billion, a PE ratio of 31.34, a P/E/G ratio of 1.86 and a beta of 0.96. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.45 and a quick ratio of 1.45.

Visa (NYSE:V) last announced its quarterly earnings data on Thursday, January 25th. The credit-card processor reported $2.41 earnings per share for the quarter, topping the consensus estimate of $2.34 by $0.07. Visa had a return on equity of 50.02% and a net margin of 53.92%. The company had revenue of $8.63 billion during the quarter, compared to analyst estimates of $8.55 billion. During the same quarter last year, the firm posted $2.18 EPS. The firm’s revenue for the quarter was up 9.3% on a year-over-year basis. Equities research analysts anticipate that Visa Inc. will post 9.88 EPS for the current year.

Visa Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 1st. Investors of record on Friday, February 9th were issued a $0.52 dividend. This represents a $2.08 annualized dividend and a yield of 0.76%. The ex-dividend date of this dividend was Thursday, February 8th. Visa’s dividend payout ratio (DPR) is currently 23.94%.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on V shares. William Blair reiterated an “outperform” rating on shares of Visa in a report on Friday, January 26th. Citigroup increased their target price on Visa from $296.00 to $306.00 and gave the stock a “buy” rating in a report on Thursday, January 18th. UBS Group increased their target price on Visa from $305.00 to $315.00 and gave the stock a “buy” rating in a report on Friday, January 26th. Keefe, Bruyette & Woods raised their price objective on Visa from $305.00 to $315.00 and gave the company an “outperform” rating in a research note on Friday, January 26th. Finally, Barclays raised their price objective on Visa from $304.00 to $319.00 and gave the company an “overweight” rating in a research note on Monday, January 29th. Five research analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the stock. According to data from MarketBeat.com, Visa currently has a consensus rating of “Moderate Buy” and an average price target of $298.43.

Insider Buying and Selling

In related news, CAO Peter M. Andreski sold 2,615 shares of Visa stock in a transaction dated Wednesday, February 7th. The stock was sold at an average price of $278.88, for a total value of $729,271.20. Following the completion of the sale, the chief accounting officer now owns 4,898 shares of the company’s stock, valued at approximately $1,365,954.24. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other Visa news, CAO Peter M. Andreski sold 2,615 shares of Visa stock in a transaction dated Wednesday, February 7th. The stock was sold at an average price of $278.88, for a total transaction of $729,271.20. Following the completion of the transaction, the chief accounting officer now owns 4,898 shares of the company’s stock, valued at approximately $1,365,954.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Ryan Mcinerney sold 8,200 shares of Visa stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $280.36, for a total value of $2,298,952.00. Following the transaction, the chief executive officer now directly owns 538 shares of the company’s stock, valued at approximately $150,833.68. The disclosure for this sale can be found here. In the last 90 days, insiders sold 18,965 shares of company stock valued at $5,256,352. 0.19% of the stock is owned by insiders.

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.