DDD Partners LLC Reduces Holdings in Visa Inc. (NYSE:V)

DDD Partners LLC reduced its position in Visa Inc. (NYSE:V) by 11.1% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 3,625 shares of the credit-card processor’s stock after selling 452 shares during the period. DDD Partners LLC’s holdings in Visa were worth $944,000 at the end of the most recent quarter.

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

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on V shares. KeyCorp boosted their price objective on shares of Visa from $275.00 to $300.00 and gave the company an “overweight” rating in a research note on Monday, January 8th. Royal Bank of Canada increased their price target on shares of Visa from $290.00 to $309.00 and gave the stock an “outperform” rating in a report on Friday, January 26th. Wedbush boosted their target price on Visa from $270.00 to $280.00 and gave the stock an “outperform” rating in a research report on Friday, January 26th. Susquehanna increased their target price on Visa from $300.00 to $326.00 and gave the stock a “positive” rating in a research note on Friday, January 26th. Finally, BMO Capital Markets assumed coverage on Visa in a research note on Tuesday, December 5th. They issued an “outperform” rating and a $280.00 price target on the stock. Five analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $295.82.

Visa Price Performance

V traded down $2.19 during trading on Wednesday, reaching $278.41. 1,548,981 shares of the stock were exchanged, compared to its average volume of 5,585,597. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.45 and a quick ratio of 1.45. Visa Inc. has a 1 year low of $216.14 and a 1 year high of $290.96. The business’s 50 day moving average price is $278.54 and its two-hundred day moving average price is $258.27. The company has a market capitalization of $511.30 billion, a price-to-earnings ratio of 32.00, a P/E/G ratio of 1.94 and a beta of 0.96.

Visa (NYSE:V) last issued its quarterly earnings data on Thursday, January 25th. The credit-card processor reported $2.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.34 by $0.07. Visa had a return on equity of 50.02% and a net margin of 53.92%. The business had revenue of $8.63 billion for the quarter, compared to the consensus estimate of $8.55 billion. During the same period in the prior year, the business earned $2.18 earnings per share. The business’s revenue was up 9.3% on a year-over-year basis. As a group, equities research analysts anticipate that Visa Inc. will post 9.9 earnings per share for the current year.

Visa Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 1st. Stockholders of record on Friday, February 9th were given a $0.52 dividend. The ex-dividend date of this dividend was Thursday, February 8th. This represents a $2.08 annualized dividend and a dividend yield of 0.75%. Visa’s dividend payout ratio is currently 23.94%.

Insider Activity

In related news, CAO Peter M. Andreski sold 2,615 shares of the stock in a transaction dated Wednesday, February 7th. The stock was sold at an average price of $278.88, for a total transaction of $729,271.20. Following the transaction, the chief accounting officer now directly owns 4,898 shares in the company, valued at $1,365,954.24. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, CAO Peter M. Andreski sold 2,615 shares of the stock in a transaction dated Wednesday, February 7th. The stock was sold at an average price of $278.88, for a total transaction of $729,271.20. Following the transaction, the chief accounting officer now directly owns 4,898 shares in the company, valued at $1,365,954.24. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Rajat Taneja sold 36,546 shares of the stock in a transaction dated Friday, January 19th. The stock was sold at an average price of $270.20, for a total value of $9,874,729.20. Following the transaction, the insider now owns 232,112 shares in the company, valued at $62,716,662.40. The disclosure for this sale can be found here. Insiders have sold 47,311 shares of company stock worth $12,832,129 over the last three months. 0.19% of the stock is currently owned by corporate insiders.

About Visa

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.