Fisher Asset Management LLC Has $3.08 Billion Stock Holdings in Visa Inc. (NYSE:V)

Fisher Asset Management LLC grew its holdings in Visa Inc. (NYSE:V) by 1.8% during the 4th quarter, HoldingsChannel reports. The firm owned 9,758,703 shares of the credit-card processor’s stock after purchasing an additional 173,990 shares during the quarter. Visa comprises approximately 1.2% of Fisher Asset Management LLC’s holdings, making the stock its 21st largest position. Fisher Asset Management LLC’s holdings in Visa were worth $3,084,141,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of V. Peterson Financial Group Inc. bought a new stake in shares of Visa during the third quarter worth $26,000. Decker Retirement Planning Inc. acquired a new stake in shares of Visa during the 4th quarter valued at $26,000. Bradley & Co. Private Wealth Management LLC acquired a new stake in shares of Visa during the 4th quarter valued at $27,000. POM Investment Strategies LLC grew its position in Visa by 48.5% during the 4th quarter. POM Investment Strategies LLC now owns 98 shares of the credit-card processor’s stock worth $31,000 after acquiring an additional 32 shares during the last quarter. Finally, Modus Advisors LLC acquired a new position in Visa in the 4th quarter worth about $32,000. Institutional investors and hedge funds own 82.15% of the company’s stock.

Insider Buying and Selling at Visa

In related news, insider Tullier Kelly Mahon sold 33,741 shares of Visa stock in a transaction that occurred on Friday, February 7th. The stock was sold at an average price of $349.77, for a total transaction of $11,801,589.57. Following the transaction, the insider now owns 36,566 shares of the company’s stock, valued at $12,789,689.82. The trade was a 47.99 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Ryan Mcinerney sold 8,620 shares of the stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $317.78, for a total value of $2,739,263.60. The disclosure for this sale can be found here. Over the last three months, insiders have sold 55,885 shares of company stock valued at $19,161,447. Corporate insiders own 0.13% of the company’s stock.

Visa Stock Performance

Shares of Visa stock opened at $363.33 on Monday. The business has a 50-day simple moving average of $333.03 and a 200 day simple moving average of $305.97. Visa Inc. has a one year low of $252.70 and a one year high of $364.00. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.12 and a quick ratio of 1.12. The firm has a market capitalization of $674.99 billion, a price-to-earnings ratio of 36.63, a PEG ratio of 2.33 and a beta of 0.97.

Visa (NYSE:V) last released its quarterly earnings data on Thursday, January 30th. The credit-card processor reported $2.75 EPS for the quarter, beating the consensus estimate of $2.66 by $0.09. Visa had a return on equity of 54.79% and a net margin of 54.27%. On average, research analysts anticipate that Visa Inc. will post 11.3 earnings per share for the current fiscal year.

Visa Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 3rd. Shareholders of record on Tuesday, February 11th will be paid a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a dividend yield of 0.65%. The ex-dividend date of this dividend is Tuesday, February 11th. Visa’s dividend payout ratio (DPR) is 23.79%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on V. William Blair reissued an “outperform” rating on shares of Visa in a research note on Friday, January 31st. UBS Group lifted their target price on shares of Visa from $350.00 to $400.00 and gave the stock a “buy” rating in a research report on Friday, January 31st. Susquehanna upped their price target on shares of Visa from $395.00 to $410.00 and gave the company a “positive” rating in a research report on Friday, February 21st. Bank of America lifted their price target on shares of Visa from $331.00 to $363.00 and gave the stock a “neutral” rating in a report on Friday, January 31st. Finally, Citigroup restated a “neutral” rating on shares of Visa in a report on Thursday, February 13th. Six analysts have rated the stock with a hold rating, twenty-three have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $353.96.

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.