Visa Inc. (NYSE:V) Stock Position Lessened by Akre Capital Management LLC

Akre Capital Management LLC lessened its position in Visa Inc. (NYSE:VFree Report) by 26.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 3,508,740 shares of the credit-card processor’s stock after selling 1,292,214 shares during the quarter. Visa makes up 7.7% of Akre Capital Management LLC’s investment portfolio, making the stock its 6th largest holding. Akre Capital Management LLC owned approximately 0.19% of Visa worth $913,500,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the stock. Altshuler Shaham Ltd acquired a new position in shares of Visa during the 3rd quarter worth about $25,000. O Brien Wealth Partners LLC acquired a new stake in shares of Visa in the 4th quarter valued at about $32,000. Valued Wealth Advisors LLC acquired a new stake in shares of Visa in the 4th quarter valued at about $37,000. Delos Wealth Advisors LLC boosted its position in shares of Visa by 2,500.0% in the 4th quarter. Delos Wealth Advisors LLC now owns 156 shares of the credit-card processor’s stock valued at $41,000 after purchasing an additional 150 shares during the period. Finally, Advantage Trust Co acquired a new stake in shares of Visa in the 4th quarter valued at about $52,000. Hedge funds and other institutional investors own 82.15% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have weighed in on the company. Robert W. Baird increased their price objective on Visa from $314.00 to $320.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 17th. Macquarie increased their price objective on Visa from $290.00 to $300.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 24th. Piper Sandler assumed coverage on Visa in a research report on Monday, May 13th. They set an “overweight” rating and a $322.00 price objective for the company. William Blair reaffirmed an “outperform” rating on shares of Visa in a research report on Wednesday, April 24th. Finally, Wells Fargo & Company increased their price objective on Visa from $300.00 to $325.00 and gave the stock an “overweight” rating in a research report on Wednesday, March 6th. Five investment analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Visa has a consensus rating of “Moderate Buy” and an average price target of $303.76.

Check Out Our Latest Stock Report on V

Insider Activity

In other news, Director Lloyd Carney sold 909 shares of Visa stock in a transaction on Friday, April 26th. The stock was sold at an average price of $275.55, for a total value of $250,474.95. Following the completion of the sale, the director now owns 2,591 shares of the company’s stock, valued at $713,950.05. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other Visa news, insider Paul D. Fabara sold 25,293 shares of the business’s stock in a transaction dated Wednesday, May 15th. The stock was sold at an average price of $277.15, for a total transaction of $7,009,954.95. Following the completion of the sale, the insider now owns 17,894 shares of the company’s stock, valued at $4,959,322.10. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Lloyd Carney sold 909 shares of the business’s stock in a transaction dated Friday, April 26th. The stock was sold at an average price of $275.55, for a total value of $250,474.95. Following the transaction, the director now owns 2,591 shares in the company, valued at approximately $713,950.05. The disclosure for this sale can be found here. Insiders sold a total of 34,402 shares of company stock valued at $9,559,382 over the last quarter. Company insiders own 0.19% of the company’s stock.

Visa Price Performance

Shares of NYSE V traded down $1.65 during trading on Monday, reaching $278.45. The company had a trading volume of 5,460,465 shares, compared to its average volume of 6,364,414. Visa Inc. has a twelve month low of $216.14 and a twelve month high of $290.96. The stock has a market capitalization of $509.27 billion, a PE ratio of 31.12, a price-to-earnings-growth ratio of 1.92 and a beta of 0.95. The stock has a 50-day moving average price of $277.51 and a two-hundred day moving average price of $268.94. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 0.53.

Visa (NYSE:VGet Free Report) last released its quarterly earnings results on Tuesday, April 23rd. The credit-card processor reported $2.51 earnings per share for the quarter, topping analysts’ consensus estimates of $2.43 by $0.08. The company had revenue of $8.78 billion during the quarter, compared to analysts’ expectations of $8.62 billion. Visa had a return on equity of 51.23% and a net margin of 53.87%. The business’s revenue for the quarter was up 9.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.09 earnings per share. As a group, sell-side analysts predict that Visa Inc. will post 9.94 earnings per share for the current year.

Visa Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 3rd. Stockholders of record on Friday, May 17th will be given a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a dividend yield of 0.75%. The ex-dividend date of this dividend is Thursday, May 16th. Visa’s dividend payout ratio is currently 23.24%.

About Visa

(Free Report)

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.

See Also

Institutional Ownership by Quarter for Visa (NYSE:V)

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