Ameritas Investment Partners Inc. decreased its holdings in shares of Visa Inc (NYSE:V) by 0.9% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 96,008 shares of the credit-card processor’s stock after selling 844 shares during the period. Visa makes up about 0.5% of Ameritas Investment Partners Inc.’s holdings, making the stock its 23rd biggest position. Ameritas Investment Partners Inc.’s holdings in Visa were worth $10,031,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Sterling Capital Management LLC increased its position in Visa by 7.2% during the 3rd quarter. Sterling Capital Management LLC now owns 36,730 shares of the credit-card processor’s stock worth $3,865,000 after purchasing an additional 2,478 shares during the period. First Heartland Consultants Inc. increased its position in Visa by 10.5% during the 3rd quarter. First Heartland Consultants Inc. now owns 8,351 shares of the credit-card processor’s stock worth $879,000 after purchasing an additional 791 shares during the period. Coldstream Capital Management Inc. increased its position in Visa by 2.5% during the 3rd quarter. Coldstream Capital Management Inc. now owns 27,902 shares of the credit-card processor’s stock worth $2,937,000 after purchasing an additional 674 shares during the period. Green Square Capital LLC increased its position in Visa by 5.7% during the 3rd quarter. Green Square Capital LLC now owns 29,151 shares of the credit-card processor’s stock worth $3,068,000 after purchasing an additional 1,582 shares during the period. Finally, Griffin Asset Management Inc. increased its position in Visa by 279.1% during the 3rd quarter. Griffin Asset Management Inc. now owns 31,628 shares of the credit-card processor’s stock worth $3,329,000 after purchasing an additional 23,284 shares during the period. Institutional investors own 81.59% of the company’s stock.
In other Visa news, Director Robert W. Matschullat sold 6,220 shares of the stock in a transaction on Wednesday, December 13th. The stock was sold at an average price of $113.76, for a total transaction of $707,587.20. Following the transaction, the director now owns 57,368 shares of the company’s stock, valued at approximately $6,526,183.68. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Tullier Kelly Mahon sold 49,702 shares of the stock in a transaction on Friday, December 15th. The stock was sold at an average price of $113.66, for a total value of $5,649,129.32. Following the transaction, the executive vice president now directly owns 76,202 shares in the company, valued at approximately $8,661,119.32. The disclosure for this sale can be found here. In the last three months, insiders have sold 57,634 shares of company stock worth $6,562,157. Corporate insiders own 0.14% of the company’s stock.
Shares of Visa Inc (V) opened at $123.37 on Wednesday. Visa Inc has a 52 week low of $87.75 and a 52 week high of $126.88. The company has a quick ratio of 2.07, a current ratio of 2.07 and a debt-to-equity ratio of 0.60. The stock has a market capitalization of $279,580.00, a P/E ratio of 48.38, a P/E/G ratio of 1.63 and a beta of 1.03.
Visa (NYSE:V) last posted its earnings results on Thursday, February 1st. The credit-card processor reported $1.08 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.98 by $0.10. Visa had a return on equity of 32.97% and a net margin of 38.12%. The firm had revenue of $4.86 billion for the quarter, compared to analyst estimates of $4.82 billion. During the same quarter in the prior year, the company earned $0.86 EPS. Visa’s revenue was up 9.0% on a year-over-year basis. equities analysts forecast that Visa Inc will post 4.36 earnings per share for the current year.
Visa declared that its Board of Directors has authorized a share repurchase program on Thursday, February 1st that allows the company to buyback $7.50 billion in outstanding shares. This buyback authorization allows the credit-card processor to buy shares of its stock through open market purchases. Shares buyback programs are often an indication that the company’s leadership believes its stock is undervalued.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 6th. Shareholders of record on Friday, February 16th will be paid a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 0.68%. The ex-dividend date is Thursday, February 15th. This is a positive change from Visa’s previous quarterly dividend of $0.20. Visa’s dividend payout ratio is currently 32.94%.
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Visa Inc (Visa) is a payments technology company that connects consumers, merchants, financial institutions, businesses, strategic partners and government entities to electronic payments. The Company operates through payment services segment. The Company enables global commerce through the transfer of value and information among the participants.
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