Visa Inc. $V Shares Bought by Marshfield Associates

Marshfield Associates grew its position in Visa Inc. (NYSE:V) by 3.8% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 982,793 shares of the credit-card processor’s stock after acquiring an additional 35,616 shares during the period. Visa accounts for 5.8% of Marshfield Associates’ portfolio, making the stock its 8th largest holding. Marshfield Associates’ holdings in Visa were worth $335,506,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the business. Sagard Holdings Management Inc. bought a new stake in shares of Visa during the second quarter worth $31,000. Bare Financial Services Inc raised its holdings in shares of Visa by 287.0% in the second quarter. Bare Financial Services Inc now owns 89 shares of the credit-card processor’s stock valued at $32,000 after buying an additional 66 shares during the last quarter. Imprint Wealth LLC acquired a new position in Visa during the 3rd quarter worth about $39,000. Winnow Wealth LLC bought a new stake in Visa during the 2nd quarter worth about $40,000. Finally, Moisand Fitzgerald Tamayo LLC increased its position in Visa by 344.8% in the 3rd quarter. Moisand Fitzgerald Tamayo LLC now owns 129 shares of the credit-card processor’s stock valued at $44,000 after acquiring an additional 100 shares in the last quarter. 82.15% of the stock is owned by institutional investors and hedge funds.

Visa Stock Up 1.0%

NYSE:V opened at $310.10 on Tuesday. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.51. Visa Inc. has a 12-month low of $299.00 and a 12-month high of $375.51. The stock’s fifty day simple moving average is $324.62 and its 200-day simple moving average is $335.62. The firm has a market capitalization of $562.88 billion, a P/E ratio of 29.09, a P/E/G ratio of 1.76 and a beta of 0.78.

Visa (NYSE:V) last released 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 during the quarter, compared to the consensus estimate of $10.69 billion. During the same quarter in the prior year, the company posted $2.75 earnings per share. The firm’s revenue was up 14.6% on a year-over-year basis. Equities research analysts expect that Visa Inc. will post 11.3 earnings per share for the current year.

Visa Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, March 2nd. Stockholders of record on Tuesday, February 10th were paid a $0.67 dividend. The ex-dividend date of this dividend was Tuesday, February 10th. This represents a $2.68 dividend on an annualized basis and a dividend yield of 0.9%. Visa’s dividend payout ratio is 25.14%.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on V. Piper Sandler set a $160.00 price target on shares of Visa in a report on Wednesday, January 28th. Macquarie Infrastructure reaffirmed an “outperform” rating and set a $410.00 price objective on shares of Visa in a report on Friday, January 30th. Royal Bank Of Canada reiterated an “outperform” rating and issued a $395.00 price objective on shares of Visa in a research report on Friday, January 30th. Morgan Stanley restated an “overweight” rating and set a $411.00 target price (up from $398.00) on shares of Visa in a research report on Friday, January 30th. Finally, TD Cowen reaffirmed a “buy” rating on shares of Visa in a research note on Friday, January 30th. Seven research analysts have rated the stock with a Strong Buy rating, twenty have issued a Buy rating and three have given a Hold rating to the company. According to MarketBeat, Visa presently has a consensus rating of “Buy” and a consensus target price of $392.65.

Insider Transactions at Visa

In related news, CEO Ryan Mcinerney sold 10,485 shares of the stock in a transaction that occurred 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 sale, the chief executive officer directly 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 at this link. Also, Director Lloyd Carney sold 650 shares of Visa stock in a transaction that occurred on Wednesday, March 11th. The stock was sold at an average price of $309.62, for a total transaction of $201,253.00. Following the transaction, the director directly owned 2,679 shares in the company, valued at $829,471.98. The trade was a 19.53% decrease in their position. The disclosure for this sale is available in the SEC filing. Corporate insiders own 0.12% of the company’s stock.

Visa Company 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.