Ninety One SA PTY Ltd Purchases 13,280 Shares of Visa Inc. (NYSE:V)

Ninety One SA PTY Ltd increased its stake in Visa Inc. (NYSE:V) by 24.4% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 67,780 shares of the credit-card processor’s stock after purchasing an additional 13,280 shares during the quarter. Visa makes up 2.7% of Ninety One SA PTY Ltd’s investment portfolio, making the stock its 12th largest holding. Ninety One SA PTY Ltd’s holdings in Visa were worth $17,647,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in V. BCK Partners Inc. acquired a new stake in Visa in the 1st quarter worth approximately $2,717,000. Markel Corp lifted its holdings in Visa by 0.3% in the 1st quarter. Markel Corp now owns 961,105 shares of the credit-card processor’s stock worth $213,144,000 after purchasing an additional 3,065 shares during the last quarter. AMI Investment Management Inc. acquired a new stake in Visa in the 1st quarter worth approximately $2,323,000. Ergoteles LLC acquired a new stake in Visa in the 1st quarter worth approximately $538,000. Finally, XTX Topco Ltd acquired a new stake in Visa in the 1st quarter worth approximately $1,496,000. 82.15% of the stock is currently owned by institutional investors and hedge funds.

Visa Stock Performance

Shares of NYSE:V opened at $269.71 on Friday. The business’s fifty day moving average price is $279.58 and its two-hundred day moving average price is $262.89. Visa Inc. has a fifty-two week low of $216.14 and a fifty-two week high of $290.96. The stock has a market capitalization of $495.33 billion, a price-to-earnings ratio of 31.04, a price-to-earnings-growth ratio of 1.87 and a beta of 0.96. 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 (NYSE:V) last announced its 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. The company had revenue of $8.63 billion for the quarter, compared to analysts’ expectations of $8.55 billion. Visa had a return on equity of 50.02% and a net margin of 53.92%. The business’s revenue for the quarter was up 9.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.18 earnings per share. As a group, analysts predict that Visa Inc. will post 9.88 EPS for the current fiscal year.

Visa Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, March 1st. Stockholders of record on Friday, February 9th were issued a dividend of $0.52 per share. This represents a $2.08 annualized dividend and a dividend yield of 0.77%. The ex-dividend date was Thursday, February 8th. Visa’s payout ratio is presently 23.94%.

Insider Transactions at Visa

In other news, CEO Ryan Mcinerney sold 8,150 shares of the stock in a transaction 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 is available at this hyperlink. In other news, CAO Peter M. Andreski sold 2,615 shares of the company’s stock in a transaction on 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 owns 4,898 shares of the company’s stock, valued at $1,365,954.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Ryan Mcinerney sold 8,150 shares of the company’s stock in a transaction on Thursday, February 1st. The shares were sold at an average price of $273.39, for a total value of $2,228,128.50. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 18,965 shares of company stock worth $5,256,352. Insiders own 0.19% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the company. Raymond James upped their price target on Visa from $287.00 to $311.00 and gave the stock an “outperform” rating in a report on Friday, January 26th. Wedbush upped their price target on Visa from $270.00 to $280.00 and gave the stock an “outperform” rating in a report on Friday, January 26th. UBS Group upped their price target on Visa from $305.00 to $315.00 and gave the stock a “buy” rating in a report on Friday, January 26th. Citigroup upped their price target on Visa from $296.00 to $306.00 and gave the stock a “buy” rating in a report on Thursday, January 18th. Finally, Redburn Atlantic reiterated a “neutral” rating and set 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 assigned a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $298.43.

Visa Company 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.