Visa Inc. (NYSE:V) Holdings Decreased by Byrne Asset Management LLC

Byrne Asset Management LLC decreased its holdings in shares of Visa Inc. (NYSE:V) by 1.4% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 9,042 shares of the credit-card processor’s stock after selling 132 shares during the period. Visa makes up approximately 1.8% of Byrne Asset Management LLC’s investment portfolio, making the stock its 6th largest holding. Byrne Asset Management LLC’s holdings in Visa were worth $2,341,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Hibernia Wealth Partners LLC purchased a new stake in shares of Visa during the third quarter worth about $25,000. Altshuler Shaham Ltd purchased a new stake in Visa in the third quarter valued at approximately $25,000. O Brien Wealth Partners LLC purchased a new stake in Visa in the fourth quarter valued at approximately $32,000. Nalls Sherbakoff Group LLC boosted its position in Visa by 545.5% in the third quarter. Nalls Sherbakoff Group LLC now owns 142 shares of the credit-card processor’s stock valued at $33,000 after buying an additional 120 shares during the last quarter. Finally, Valued Wealth Advisors LLC purchased a new stake in Visa in the fourth quarter valued at approximately $37,000. Hedge funds and other institutional investors own 82.15% of the company’s stock.

Visa Trading Up 0.1 %

Shares of V stock opened at $275.96 on Monday. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.45 and a quick ratio of 1.45. The company has a market cap of $506.80 billion, a price-to-earnings ratio of 31.76, a PEG ratio of 1.91 and a beta of 0.96. The stock has a 50 day simple moving average of $280.13 and a 200-day simple moving average of $261.92. Visa Inc. has a 1-year low of $216.14 and a 1-year high of $290.96.

Visa (NYSE:V) last posted its quarterly earnings data on Thursday, January 25th. The credit-card processor reported $2.41 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 firm had revenue of $8.63 billion during the quarter, compared to the consensus estimate of $8.55 billion. During the same period in the prior year, the company earned $2.18 EPS. The firm’s revenue was up 9.3% compared to the same quarter last year. On average, equities research analysts expect that Visa Inc. will post 9.89 EPS for the current fiscal year.

Visa Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the company. Royal Bank of Canada upped their target price on Visa from $290.00 to $309.00 and gave the company an “outperform” rating in a research report on Friday, January 26th. TD Cowen assumed coverage on Visa in a research report on Thursday. They issued a “buy” rating and a $320.00 target price on the stock. UBS Group upped their target price on Visa from $305.00 to $315.00 and gave the company a “buy” rating in a research report on Friday, January 26th. Citigroup upped their target price on Visa from $296.00 to $306.00 and gave the company a “buy” rating in a research report on Thursday, January 18th. Finally, Redburn Atlantic reissued a “neutral” rating and issued a $307.00 price target on shares of Visa in a report on Wednesday, March 27th. Five research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company’s stock. According to MarketBeat.com, Visa presently has a consensus rating of “Moderate Buy” and a consensus price target of $296.87.

Insider Activity at Visa

In related news, insider Rajat Taneja sold 36,546 shares of the stock in a transaction on 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 completion of the transaction, the insider now directly owns 232,112 shares of the company’s stock, valued at approximately $62,716,662.40. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other Visa news, CEO Ryan Mcinerney sold 8,150 shares of the company’s stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $273.39, for a total value of $2,228,128.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Rajat Taneja sold 36,546 shares of the company’s stock in a transaction 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 completion of the sale, the insider now owns 232,112 shares of the company’s stock, valued at $62,716,662.40. The disclosure for this sale can be found here. In the last ninety days, insiders sold 55,511 shares of company stock valued at $15,131,081. 0.19% of the stock is owned by insiders.

Visa 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.