Livforsakringsbolaget Skandia Omsesidigt Acquires 1,502 Shares of Visa Inc. (NYSE:V)

Livforsakringsbolaget Skandia Omsesidigt raised its holdings in Visa Inc. (NYSE:V) by 3.9% in the fourth quarter, Holdings Channel.com reports. The fund owned 40,224 shares of the credit-card processor’s stock after acquiring an additional 1,502 shares during the quarter. Visa makes up about 1.0% of Livforsakringsbolaget Skandia Omsesidigt’s investment portfolio, making the stock its 16th largest position. Livforsakringsbolaget Skandia Omsesidigt’s holdings in Visa were worth $10,472,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in V. BCK Partners Inc. acquired a new position in shares of Visa during the 1st quarter worth about $2,717,000. Markel Corp increased its position in shares of Visa by 0.3% during the 1st quarter. Markel Corp now owns 961,105 shares of the credit-card processor’s stock worth $213,144,000 after purchasing an additional 3,065 shares in the last quarter. AMI Investment Management Inc. acquired a new position in Visa in the first quarter valued at about $2,323,000. Ergoteles LLC bought a new stake in Visa during the first quarter worth about $538,000. Finally, XTX Topco Ltd bought a new stake in Visa during the 1st quarter worth approximately $1,496,000. 82.15% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts have commented on the company. Wedbush boosted their price objective on Visa from $270.00 to $280.00 and gave the stock an “outperform” rating in a research note on Friday, January 26th. Evercore ISI raised their price objective on shares of Visa from $325.00 to $335.00 and gave the company an “outperform” rating in a research report on Tuesday, March 26th. William Blair reaffirmed an “outperform” rating on shares of Visa in a research note on Friday, January 26th. UBS Group increased their price target on shares of Visa from $305.00 to $315.00 and gave the company a “buy” rating in a research note on Friday, January 26th. Finally, Robert W. Baird boosted their price objective on shares of Visa from $314.00 to $320.00 and gave the stock an “outperform” rating in a research report on Wednesday. Five investment analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $298.43.

Insider Activity at Visa

In other news, CEO Ryan Mcinerney sold 8,150 shares of the business’s stock in a transaction on Thursday, February 1st. The shares were sold at an average price of $273.39, for a total value of $2,228,128.50. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In related news, CEO Ryan Mcinerney sold 8,150 shares of Visa stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $273.39, for a total value of $2,228,128.50. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CAO Peter M. Andreski sold 2,615 shares of the stock in a transaction that occurred on Wednesday, February 7th. The shares were sold at an average price of $278.88, for a total value of $729,271.20. Following the transaction, the chief accounting officer now directly owns 4,898 shares of the company’s stock, valued at $1,365,954.24. The disclosure for this sale can be found here. In the last quarter, insiders have sold 18,965 shares of company stock valued at $5,256,352. 0.19% of the stock is owned by insiders.

Visa Stock Down 0.5 %

Visa stock opened at $271.37 on Friday. Visa Inc. has a twelve month low of $216.14 and a twelve month high of $290.96. The company has a quick ratio of 1.45, a current ratio of 1.45 and a debt-to-equity ratio of 0.54. The company has a 50 day moving average of $279.71 and a 200-day moving average of $262.62. The stock has a market capitalization of $498.37 billion, a PE ratio of 31.23, a price-to-earnings-growth ratio of 1.88 and a beta of 0.96.

Visa (NYSE:V) last announced its earnings results on Thursday, January 25th. The credit-card processor reported $2.41 earnings per share for the quarter, topping analysts’ consensus estimates of $2.34 by $0.07. Visa had a net margin of 53.92% and a return on equity of 50.02%. The firm had revenue of $8.63 billion during the quarter, compared to analyst estimates of $8.55 billion. During the same period in the prior year, the business earned $2.18 EPS. The company’s revenue for the quarter was up 9.3% compared to the same quarter last year. On average, equities research analysts anticipate that Visa Inc. will post 9.88 EPS for the current fiscal 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 dividend of $0.52 per share. The ex-dividend date was Thursday, February 8th. This represents a $2.08 dividend on an annualized basis and a dividend yield of 0.77%. Visa’s payout ratio is presently 23.94%.

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.