Fieldview Capital Management LLC Invests $758,000 in Visa Inc. $V

Fieldview Capital Management LLC purchased a new position in shares of Visa Inc. (NYSE:VFree Report) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 2,161 shares of the credit-card processor’s stock, valued at approximately $758,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. Focus Partners Wealth grew its holdings in shares of Visa by 138.4% during the fourth quarter. Focus Partners Wealth now owns 1,238,994 shares of the credit-card processor’s stock worth $434,527,000 after buying an additional 719,195 shares in the last quarter. Fort Point Capital Partners LLC grew its holdings in shares of Visa by 5.3% during the fourth quarter. Fort Point Capital Partners LLC now owns 1,774 shares of the credit-card processor’s stock worth $581,000 after buying an additional 89 shares in the last quarter. Fortitude Advisory Group L.L.C. grew its holdings in shares of Visa by 3.8% during the fourth quarter. Fortitude Advisory Group L.L.C. now owns 2,270 shares of the credit-card processor’s stock worth $796,000 after buying an additional 84 shares in the last quarter. Graybill Wealth Management LTD. grew its holdings in shares of Visa by 3.4% during the fourth quarter. Graybill Wealth Management LTD. now owns 17,237 shares of the credit-card processor’s stock worth $6,045,000 after buying an additional 574 shares in the last quarter. Finally, Giverny Capital Inc. grew its holdings in shares of Visa by 0.5% during the fourth quarter. Giverny Capital Inc. now owns 407,345 shares of the credit-card processor’s stock worth $142,860,000 after buying an additional 1,825 shares in the last quarter. 82.15% of the stock is currently owned by hedge funds and other institutional investors.

Visa News Roundup

Here are the key news stories impacting Visa this week:

Insider Buying and Selling

In other news, CEO Ryan Mcinerney sold 31,455 shares of the business’s stock in a transaction on Wednesday, April 29th. The shares were sold at an average price of $340.14, for a total transaction of $10,699,103.70. Following the transaction, the chief executive officer directly owned 15,174 shares of the company’s stock, valued at approximately $5,161,284.36. The trade was a 67.46% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Chris Suh sold 10,639 shares of the business’s stock in a transaction on Tuesday, May 12th. The stock was sold at an average price of $324.81, for a total transaction of $3,455,653.59. Following the transaction, the chief financial officer directly owned 9,872 shares in the company, valued at approximately $3,206,524.32. The trade was a 51.87% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders own 0.12% of the company’s stock.

Visa Trading Up 0.6%

Shares of V stock opened at $324.25 on Tuesday. The stock has a market cap of $581.62 billion, a price-to-earnings ratio of 28.24, a price-to-earnings-growth ratio of 1.72 and a beta of 0.77. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 0.64. Visa Inc. has a fifty-two week low of $293.89 and a fifty-two week high of $360.22. The firm’s 50 day moving average price is $319.16 and its two-hundred day moving average price is $324.30.

Visa (NYSE:VGet Free Report) last announced its quarterly earnings results on Tuesday, April 28th. The credit-card processor reported $3.31 earnings per share for the quarter, beating analysts’ consensus estimates of $3.10 by $0.21. The firm had revenue of $11.23 billion for the quarter, compared to analysts’ expectations of $10.75 billion. Visa had a net margin of 51.68% and a return on equity of 65.00%. Visa’s revenue was up 17.1% compared to the same quarter last year. During the same period in the previous year, the company posted $2.76 earnings per share. On average, analysts anticipate that Visa Inc. will post 13.09 EPS for the current year.

Visa declared that its board has approved a share repurchase program on Tuesday, April 28th that permits the company to buyback $20.00 billion in outstanding shares. This buyback authorization permits the credit-card processor to repurchase up to 3.6% of its shares through open market purchases. Shares buyback programs are usually an indication that the company’s management believes its stock is undervalued.

Visa Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, June 1st. Shareholders of record on Tuesday, May 12th were given a dividend of $0.67 per share. This represents a $2.68 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date of this dividend was Tuesday, May 12th. Visa’s payout ratio is 23.34%.

Wall Street Analyst Weigh In

V has been the subject of a number of recent research reports. Sanford C. Bernstein reiterated an “outperform” rating and set a $450.00 price target on shares of Visa in a report on Tuesday, June 2nd. Morgan Stanley restated an “overweight” rating and issued a $415.00 target price on shares of Visa in a report on Wednesday, April 29th. Evercore set a $350.00 target price on shares of Visa in a report on Wednesday, April 29th. Raymond James Financial restated an “outperform” rating and issued a $389.00 target price on shares of Visa in a report on Wednesday, April 29th. Finally, Loop Capital initiated coverage on shares of Visa in a report on Tuesday, March 31st. They issued a “buy” rating and a $387.00 target price for the company. Six analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, Visa has a consensus rating of “Buy” and an average target price of $387.78.

Get Our Latest Research Report on Visa

About Visa

(Free Report)

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.

See Also

Institutional Ownership by Quarter for Visa (NYSE:V)

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