Visa Inc. (NYSE:V) Shares Sold by MJP Associates Inc. ADV

MJP Associates Inc. ADV reduced its position in Visa Inc. (NYSE:V) by 23.8% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,547 shares of the credit-card processor’s stock after selling 1,107 shares during the quarter. MJP Associates Inc. ADV’s holdings in Visa were worth $923,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. State Street Corp grew its position in Visa by 1.7% in the 2nd quarter. State Street Corp now owns 74,133,003 shares of the credit-card processor’s stock valued at $17,605,106,000 after buying an additional 1,235,891 shares during the last quarter. Morgan Stanley boosted its holdings in Visa by 13.0% in the 4th quarter. Morgan Stanley now owns 51,122,866 shares of the credit-card processor’s stock valued at $10,621,287,000 after purchasing an additional 5,864,340 shares in the last quarter. FMR LLC raised its stake in shares of Visa by 4.7% during the 3rd quarter. FMR LLC now owns 50,357,747 shares of the credit-card processor’s stock worth $11,582,785,000 after buying an additional 2,257,605 shares in the last quarter. Moneta Group Investment Advisors LLC lifted its holdings in shares of Visa by 116,608.6% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 24,504,130 shares of the credit-card processor’s stock valued at $5,090,978,000 after buying an additional 24,483,134 shares during the period. Finally, Royal Bank of Canada grew its holdings in Visa by 5.7% during the second quarter. Royal Bank of Canada now owns 18,879,347 shares of the credit-card processor’s stock worth $4,483,466,000 after acquiring an additional 1,015,104 shares during the period. 82.15% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Visa

In other Visa news, insider Rajat Taneja sold 36,546 shares of the business’s stock in a transaction on Friday, January 19th. The shares were sold at an average price of $270.20, for a total transaction of $9,874,729.20. Following the completion of the sale, the insider now owns 232,112 shares in the company, valued at $62,716,662.40. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other news, CEO Ryan Mcinerney sold 8,150 shares of the stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $273.39, for a total transaction of $2,228,128.50. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Rajat Taneja sold 36,546 shares of the business’s stock in a transaction that occurred on Friday, January 19th. The shares were 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 of the company’s stock, valued at approximately $62,716,662.40. The disclosure for this sale can be found here. In the last quarter, insiders sold 47,311 shares of company stock worth $12,832,129. 0.19% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several equities research analysts have recently commented on V shares. Wells Fargo & Company boosted their price target on Visa from $300.00 to $325.00 and gave the stock an “overweight” rating in a research note on Wednesday, March 6th. William Blair reaffirmed an “outperform” rating on shares of Visa in a research note on Friday, January 26th. Raymond James increased their price objective on shares of Visa from $287.00 to $311.00 and gave the company an “outperform” rating in a research note on Friday, January 26th. Wedbush lifted their target price on shares of Visa from $270.00 to $280.00 and gave the stock an “outperform” rating in a research report on Friday, January 26th. Finally, Royal Bank of Canada increased their price target on shares of Visa from $290.00 to $309.00 and gave the company an “outperform” rating in a research report on Friday, January 26th. Five analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $295.82.

Visa Stock Up 0.0 %

Shares of V stock traded up $0.06 on Thursday, hitting $279.08. The stock had a trading volume of 5,758,891 shares, compared to its average volume of 5,603,863. The stock’s 50 day moving average is $279.11 and its 200-day moving average is $258.66. The firm has a market capitalization of $512.53 billion, a price-to-earnings ratio of 32.16, a P/E/G ratio of 1.94 and a beta of 0.96. Visa Inc. has a 52-week low of $216.14 and a 52-week high of $290.96. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.45 and a current ratio of 1.45.

Visa (NYSE:V) last released its quarterly earnings results on Thursday, January 25th. The credit-card processor reported $2.41 EPS for the quarter, topping 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 analysts’ expectations of $8.55 billion. During the same quarter in the previous year, the firm posted $2.18 earnings per share. The company’s revenue was up 9.3% compared to the same quarter last year. As a group, research analysts expect that Visa Inc. will post 9.89 earnings per share for the current year.

Visa Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, March 1st. Shareholders of record on Friday, February 9th were issued a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a yield of 0.75%. The ex-dividend date of this dividend was Thursday, February 8th. Visa’s dividend payout ratio is presently 23.94%.

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.