Visa Inc. (NYSE:V) Shares Sold by Capricorn Fund Managers Ltd

Capricorn Fund Managers Ltd decreased its position in shares of Visa Inc. (NYSE:V) by 0.6% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 19,437 shares of the credit-card processor’s stock after selling 117 shares during the period. Visa comprises about 2.7% of Capricorn Fund Managers Ltd’s investment portfolio, making the stock its 10th largest holding. Capricorn Fund Managers Ltd’s holdings in Visa were worth $6,129,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of V. Ameriprise Financial Inc. increased its holdings in shares of Visa by 2.4% in the second quarter. Ameriprise Financial Inc. now owns 14,610,590 shares of the credit-card processor’s stock valued at $3,833,981,000 after purchasing an additional 345,829 shares in the last quarter. Employees Retirement System of Texas increased its holdings in shares of Visa by 128.7% in the second quarter. Employees Retirement System of Texas now owns 44,673 shares of the credit-card processor’s stock valued at $11,725,000 after purchasing an additional 25,140 shares in the last quarter. Dundas Partners LLP increased its holdings in shares of Visa by 3.4% in the second quarter. Dundas Partners LLP now owns 147,604 shares of the credit-card processor’s stock valued at $38,741,000 after purchasing an additional 4,899 shares in the last quarter. Drucker Wealth 3.0 LLC acquired a new stake in shares of Visa in the second quarter valued at approximately $2,525,000. Finally, Delta Investment Management LLC increased its holdings in shares of Visa by 8.9% in the second quarter. Delta Investment Management LLC now owns 7,908 shares of the credit-card processor’s stock valued at $2,076,000 after purchasing an additional 648 shares in the last quarter. Institutional investors and hedge funds own 82.15% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on V shares. Barclays raised their price target on shares of Visa from $319.00 to $347.00 and gave the company an “overweight” rating in a report on Monday, November 4th. Seaport Res Ptn raised shares of Visa from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, January 14th. Bank of America raised their price objective on shares of Visa from $314.00 to $331.00 and gave the company a “neutral” rating in a research note on Wednesday. Mizuho raised their price objective on shares of Visa from $279.00 to $292.00 and gave the company a “neutral” rating in a research note on Friday, November 1st. Finally, Citigroup raised their price objective on shares of Visa from $326.00 to $354.00 and gave the company a “buy” rating in a research note on Tuesday, January 14th. Four investment analysts have rated the stock with a hold rating, twenty-four have given a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $332.81.

Insider Buying and Selling

In related news, CEO Ryan Mcinerney sold 8,620 shares of the stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $317.78, for a total transaction of $2,739,263.60. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Paul D. Fabara sold 2,171 shares of the stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $307.97, for a total transaction of $668,602.87. Following the sale, the insider now owns 17,894 shares in the company, valued at $5,510,815.18. This represents a 10.82 % decrease in their position. The disclosure for this sale can be found here. 0.13% of the stock is currently owned by company insiders.

Visa Stock Performance

Shares of NYSE:V opened at $328.18 on Friday. The company’s 50 day moving average price is $314.14 and its two-hundred day moving average price is $289.71. Visa Inc. has a 12-month low of $252.70 and a 12-month high of $328.51. The firm has a market cap of $611.36 billion, a PE ratio of 33.73, a PEG ratio of 2.17 and a beta of 0.96. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 0.55.

Visa (NYSE:V) last announced its earnings results on Tuesday, October 29th. The credit-card processor reported $2.71 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.58 by $0.13. The firm had revenue of $9.62 billion for the quarter, compared to analyst estimates of $9.49 billion. Visa had a net margin of 54.96% and a return on equity of 53.16%. The business’s revenue was up 11.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.33 EPS. Equities research analysts predict that Visa Inc. will post 11.2 earnings per share for the current year.

Visa Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, December 2nd. Investors of record on Tuesday, November 12th were given a dividend of $0.59 per share. This is a positive change from Visa’s previous quarterly dividend of $0.52. The ex-dividend date of this dividend was Tuesday, November 12th. This represents a $2.36 annualized dividend and a dividend yield of 0.72%. Visa’s dividend payout ratio (DPR) is currently 24.25%.

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.