Nilsine Partners LLC Purchases 1,666 Shares of Visa Inc. $V

Nilsine Partners LLC increased its holdings in Visa Inc. (NYSE:VFree Report) by 5.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 31,849 shares of the credit-card processor’s stock after purchasing an additional 1,666 shares during the quarter. Visa makes up approximately 1.0% of Nilsine Partners LLC’s holdings, making the stock its 22nd largest holding. Nilsine Partners LLC’s holdings in Visa were worth $11,170,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Parvin Asset Management LLC lifted its holdings in Visa by 200.0% in the 3rd quarter. Parvin Asset Management LLC now owns 75 shares of the credit-card processor’s stock worth $26,000 after buying an additional 50 shares during the period. Sagard Holdings Management Inc. purchased a new position in shares of Visa during the second quarter valued at approximately $31,000. Imprint Wealth LLC bought a new position in shares of Visa during the third quarter valued at approximately $39,000. Strategic Advocates LLC purchased a new stake in Visa in the third quarter worth $43,000. Finally, Moisand Fitzgerald Tamayo LLC lifted its stake in Visa by 344.8% in the third quarter. Moisand Fitzgerald Tamayo LLC now owns 129 shares of the credit-card processor’s stock worth $44,000 after acquiring an additional 100 shares during the period. Hedge funds and other institutional investors own 82.15% of the company’s stock.

Visa Price Performance

V opened at $300.88 on Friday. The stock has a fifty day simple moving average of $315.58 and a two-hundred day simple moving average of $331.79. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.51. The company has a market cap of $546.14 billion, a price-to-earnings ratio of 28.22, a price-to-earnings-growth ratio of 1.71 and a beta of 0.80. Visa Inc. has a 12-month low of $293.89 and a 12-month high of $375.51.

Visa (NYSE:VGet Free Report) last announced its earnings results 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. The firm had revenue of $10.90 billion for the quarter, compared to analysts’ expectations of $10.69 billion. Visa had a net margin of 50.23% and a return on equity of 61.74%. The company’s quarterly revenue was up 14.6% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.75 EPS. Research analysts predict that Visa Inc. will post 11.3 earnings per share for the current fiscal year.

Visa Announces Dividend

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

Wall Street Analysts Forecast Growth

V has been the topic of a number of research analyst reports. Royal Bank Of Canada reissued an “outperform” rating and set a $395.00 price objective on shares of Visa in a research report on Friday, January 30th. Bank of America assumed coverage on shares of Visa in a research report on Thursday, March 5th. They issued a “buy” rating and a $410.00 target price for the company. HSBC raised shares of Visa from a “hold” rating to a “strong-buy” rating in a research note on Monday, December 8th. Weiss Ratings reiterated a “buy (b)” rating on shares of Visa in a research report on Wednesday, January 21st. Finally, Freedom Capital raised shares of Visa from a “hold” rating to a “strong-buy” rating in a research note on Monday, February 16th. Seven equities research analysts have rated the stock with a Strong Buy rating, twenty have given a Buy rating and three have given a Hold rating to the company. According to MarketBeat, Visa has a consensus rating of “Buy” and an average price target of $390.96.

Check Out Our Latest Stock Report on Visa

Key Visa News

Here are the key news stories impacting Visa this week:

Insider Buying and Selling

In other Visa news, Director Lloyd Carney sold 650 shares of the company’s stock in a transaction dated Wednesday, March 11th. The shares were sold at an average price of $309.62, for a total value of $201,253.00. Following the sale, the director owned 2,679 shares in the company, valued at approximately $829,471.98. This represents a 19.53% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.12% of the stock is owned by insiders.

Visa Profile

(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.

Featured Stories

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Institutional Ownership by Quarter for Visa (NYSE:V)

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