Visa Inc. (NYSE:V) is Ninety One UK Ltd’s 2nd Largest Position

Ninety One UK Ltd decreased its position in Visa Inc. (NYSE:V) by 9.8% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 7,085,841 shares of the credit-card processor’s stock after selling 770,462 shares during the quarter. Visa comprises 6.0% of Ninety One UK Ltd’s investment portfolio, making the stock its 2nd largest holding. Ninety One UK Ltd owned 0.38% of Visa worth $2,239,409,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in V. Decker Retirement Planning Inc. bought a new stake in Visa during the fourth quarter worth approximately $26,000. Peterson Financial Group Inc. acquired a new stake in shares of Visa in the third quarter worth $26,000. Modus Advisors LLC acquired a new position in Visa in the 4th quarter valued at $32,000. Reston Wealth Management LLC bought a new position in Visa in the 3rd quarter worth $31,000. Finally, Sugar Maple Asset Management LLC acquired a new position in Visa during the 4th quarter worth $44,000. Institutional investors own 82.15% of the company’s stock.

Insider Activity at Visa

In other Visa news, insider Paul D. Fabara sold 2,171 shares of Visa stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $307.97, for a total transaction of $668,602.87. Following the completion of the sale, the insider now owns 17,894 shares of the company’s stock, valued at approximately $5,510,815.18. The trade was a 10.82 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, General Counsel Julie B. Rottenberg sold 2,572 shares of the stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $340.00, for a total value of $874,480.00. Following the completion of the transaction, the general counsel now directly owns 11,925 shares in the company, valued at approximately $4,054,500. This trade represents a 17.74 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 21,983 shares of company stock worth $7,213,146 over the last 90 days. Insiders own 0.13% of the company’s stock.

Visa Stock Performance

Visa stock opened at $347.28 on Friday. Visa Inc. has a 12-month low of $252.70 and a 12-month high of $351.25. The stock has a 50-day simple moving average of $319.76 and a 200 day simple moving average of $294.76. The company has a quick ratio of 1.28, a current ratio of 1.12 and a debt-to-equity ratio of 0.45. The stock has a market capitalization of $646.94 billion, a price-to-earnings ratio of 35.01, a P/E/G ratio of 2.30 and a beta of 0.97.

Visa (NYSE:V) last released its quarterly earnings results on Thursday, January 30th. The credit-card processor reported $2.75 EPS for the quarter, beating the consensus estimate of $2.66 by $0.09. Visa had a net margin of 54.27% and a return on equity of 54.79%. On average, research analysts anticipate that Visa Inc. will post 11.2 earnings per share for the current fiscal year.

Visa Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, March 3rd. Stockholders of record on Tuesday, February 11th will be paid a dividend of $0.59 per share. This represents a $2.36 annualized dividend and a dividend yield of 0.68%. The ex-dividend date is Tuesday, February 11th. Visa’s dividend payout ratio (DPR) is presently 23.79%.

Analysts Set New Price Targets

V has been the topic of several research analyst reports. William Blair reaffirmed an “outperform” rating on shares of Visa in a research report on Friday, January 31st. The Goldman Sachs Group lifted their price target on Visa from $346.00 to $384.00 and gave the stock a “buy” rating in a research report on Friday, January 31st. Barclays increased their price objective on Visa from $361.00 to $396.00 and gave the company an “overweight” rating in a research report on Monday. Raymond James reaffirmed an “outperform” rating and set a $393.00 target price (up previously from $374.00) on shares of Visa in a research report on Friday, January 31st. Finally, Oppenheimer raised their price target on shares of Visa from $375.00 to $390.00 and gave the stock an “outperform” rating in a research report on Friday, January 31st. Four research analysts have rated the stock with a hold rating, twenty-five 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 an average target price of $354.73.

Visa Company 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.