Jackson Square Partners LLC Cuts Stake in Visa Inc. (NYSE:V)

Jackson Square Partners LLC trimmed its stake in shares of Visa Inc. (NYSE:V) by 18.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 26,002 shares of the credit-card processor’s stock after selling 5,872 shares during the quarter. Jackson Square Partners LLC’s holdings in Visa were worth $8,218,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Momentous Wealth Management Inc. bought a new position in Visa during the 4th quarter valued at approximately $359,000. Florida Financial Advisors LLC raised its holdings in shares of Visa by 13.0% during the fourth quarter. Florida Financial Advisors LLC now owns 5,051 shares of the credit-card processor’s stock valued at $1,596,000 after purchasing an additional 581 shares during the last quarter. Bay Capital Advisors LLC purchased a new position in shares of Visa in the 4th quarter worth $1,006,000. Potentia Wealth purchased a new position in Visa in the fourth quarter worth about $709,000. Finally, PKS Advisory Services LLC purchased a new stake in Visa during the fourth quarter valued at approximately $864,000. Institutional investors own 82.15% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently commented on V shares. Oppenheimer restated an “outperform” rating on shares of Visa in a research note on Thursday, February 13th. William Blair restated an “outperform” rating on shares of Visa in a research report on Friday, January 31st. UBS Group upped their price objective on Visa from $350.00 to $400.00 and gave the company a “buy” rating in a research report on Friday, January 31st. Morgan Stanley raised their target price on shares of Visa from $326.00 to $371.00 and gave the stock an “overweight” rating in a report on Wednesday, December 18th. Finally, Raymond James restated an “outperform” rating and issued a $393.00 price target (up from $374.00) on shares of Visa in a report on Friday, January 31st. Six equities research analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $353.96.

Insider Buying and Selling at Visa

In other Visa news, insider Tullier Kelly Mahon sold 33,741 shares of the stock in a transaction that occurred on Friday, February 7th. The stock was sold at an average price of $349.77, for a total transaction of $11,801,589.57. Following the transaction, the insider now owns 36,566 shares of the company’s stock, valued at $12,789,689.82. This trade represents a 47.99 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Ryan Mcinerney sold 8,620 shares of the firm’s stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $317.78, for a total transaction of $2,739,263.60. The disclosure for this sale can be found here. Insiders have sold 143,205 shares of company stock valued at $48,560,961 over the last three months. 0.13% of the stock is owned by company insiders.

Visa Stock Performance

NYSE:V opened at $343.96 on Tuesday. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.45. The firm has a 50-day moving average price of $341.23 and a two-hundred day moving average price of $313.75. Visa Inc. has a twelve month low of $252.70 and a twelve month high of $366.54. The company has a market capitalization of $639.00 billion, a P/E ratio of 34.67, a price-to-earnings-growth ratio of 2.33 and a beta of 0.95.

Visa (NYSE:V) last issued its quarterly earnings results on Thursday, January 30th. The credit-card processor reported $2.75 earnings per share for the quarter, beating the consensus estimate of $2.66 by $0.09. Visa had a return on equity of 54.79% and a net margin of 54.27%. As a group, research analysts expect that Visa Inc. will post 11.3 earnings per share for the current fiscal year.

Visa Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Tuesday, February 11th were given a $0.59 dividend. This represents a $2.36 annualized dividend and a dividend yield of 0.69%. The ex-dividend date of this dividend was Tuesday, February 11th. Visa’s payout ratio is currently 23.79%.

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.