Visa Inc. $V Shares Sold by AustralianSuper Pty Ltd

AustralianSuper Pty Ltd cut its stake in shares of Visa Inc. (NYSE:V) by 17.9% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 776,408 shares of the credit-card processor’s stock after selling 169,356 shares during the period. Visa makes up about 1.2% of AustralianSuper Pty Ltd’s holdings, making the stock its 13th biggest position. AustralianSuper Pty Ltd’s holdings in Visa were worth $265,050,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Brighton Jones LLC grew its position in Visa by 50.1% during the 4th quarter. Brighton Jones LLC now owns 20,635 shares of the credit-card processor’s stock worth $6,522,000 after purchasing an additional 6,883 shares in the last quarter. Revolve Wealth Partners LLC grew its holdings in shares of Visa by 68.9% during the fourth quarter. Revolve Wealth Partners LLC now owns 11,811 shares of the credit-card processor’s stock valued at $3,733,000 after buying an additional 4,817 shares in the last quarter. Nicholas Hoffman & Company LLC. raised its position in Visa by 4.6% during the first quarter. Nicholas Hoffman & Company LLC. now owns 10,941 shares of the credit-card processor’s stock valued at $3,834,000 after buying an additional 477 shares during the period. Confluence Wealth Services Inc. lifted its stake in Visa by 0.3% in the 2nd quarter. Confluence Wealth Services Inc. now owns 20,808 shares of the credit-card processor’s stock worth $7,388,000 after acquiring an additional 58 shares in the last quarter. Finally, Belpointe Asset Management LLC boosted its position in Visa by 3.4% during the 2nd quarter. Belpointe Asset Management LLC now owns 20,212 shares of the credit-card processor’s stock worth $7,176,000 after acquiring an additional 672 shares during the period. Institutional investors and hedge funds own 82.15% of the company’s stock.

Analyst Upgrades and Downgrades

V has been the topic of a number of research reports. Macquarie Infrastructure reiterated an “outperform” rating and issued a $410.00 target price on shares of Visa in a report on Friday, January 30th. Cantor Fitzgerald upgraded shares of Visa to a “strong-buy” rating in a research note on Tuesday, January 27th. Royal Bank Of Canada reissued an “outperform” rating and set a $395.00 target price on shares of Visa in a research note on Friday, January 30th. Raymond James Financial reaffirmed an “outperform” rating and issued a $408.00 price target (up from $398.00) on shares of Visa in a research note on Wednesday, October 29th. Finally, Daiwa America upgraded Visa from a “hold” rating to a “strong-buy” rating in a report on Monday, February 2nd. Six investment analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of $392.29.

Insiders Place Their Bets

In related news, CEO Ryan Mcinerney sold 10,485 shares of Visa stock in a transaction on Friday, January 2nd. The shares were sold at an average price of $349.18, for a total value of $3,661,152.30. Following the transaction, the chief executive officer owned 9,401 shares in the company, valued at $3,282,641.18. This trade represents a 52.73% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Paul D. Fabara sold 2,172 shares of the business’s stock in a transaction on Friday, November 21st. The stock was sold at an average price of $325.93, for a total transaction of $707,919.96. Following the transaction, the insider directly owned 26,413 shares of the company’s stock, valued at approximately $8,608,789.09. This represents a 7.60% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.12% of the stock is currently owned by insiders.

Visa Stock Up 0.8%

V stock opened at $331.82 on Friday. The company has a current ratio of 1.11, a quick ratio of 1.08 and a debt-to-equity ratio of 0.51. The firm has a market cap of $604.49 billion, a PE ratio of 31.13, a PEG ratio of 1.89 and a beta of 0.79. Visa Inc. has a 1 year low of $299.00 and a 1 year high of $375.51. The company has a fifty day simple moving average of $338.50 and a 200 day simple moving average of $340.95.

Visa (NYSE:V) last issued its quarterly earnings data on Thursday, January 29th. The credit-card processor reported $3.17 EPS for the quarter, beating analysts’ consensus estimates of $3.14 by $0.03. Visa had a return on equity of 61.74% and a net margin of 50.23%.The business had revenue of $10.90 billion for the quarter, compared to analyst estimates of $10.69 billion. During the same quarter in the prior year, the firm posted $2.75 EPS. The firm’s revenue for the quarter was up 14.6% on a year-over-year basis. Sell-side analysts anticipate that Visa Inc. will post 11.3 EPS for the current fiscal year.

Visa Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, March 2nd. Stockholders of record on Tuesday, February 10th will be given a $0.67 dividend. The ex-dividend date of this dividend is Tuesday, February 10th. This represents a $2.68 dividend on an annualized basis and a dividend yield of 0.8%. Visa’s dividend payout ratio (DPR) is currently 25.14%.

Visa Profile

Visa Inc is a global payments technology company that facilitates electronic funds transfers and digital commerce by connecting consumers, merchants, financial institutions and governments. The firm operates one of the world’s largest payment networks, providing processing, authorization, clearing and settlement services for credit, debit and prepaid card transactions. Visa’s network-based model enables partner banks and other issuers to offer branded payment products while Visa focuses on the infrastructure, standards and technologies that move money securely and efficiently around the world.

Visa’s product and service portfolio includes card-based payment products for consumers and businesses, real-time push-payment capabilities, tokenization and authentication services, fraud and risk-management tools, data analytics and APIs for fintech and merchant integration.