Hyperion Asset Management Ltd Purchases 14,964 Shares of Visa Inc. (NYSE:V)

Hyperion Asset Management Ltd increased its holdings in shares of Visa Inc. (NYSE:V) by 6.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 238,958 shares of the credit-card processor’s stock after acquiring an additional 14,964 shares during the period. Visa comprises approximately 2.5% of Hyperion Asset Management Ltd’s holdings, making the stock its 13th largest holding. Hyperion Asset Management Ltd’s holdings in Visa were worth $75,520,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of V. Decker Retirement Planning Inc. acquired a new position in shares of Visa during the fourth quarter valued at $26,000. Bradley & Co. Private Wealth Management LLC bought a new position in shares of Visa in the 4th quarter valued at about $27,000. POM Investment Strategies LLC grew its position in shares of 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 buying an additional 32 shares during the period. Compass Planning Associates Inc bought a new stake in shares of Visa during the fourth quarter worth approximately $32,000. Finally, NewSquare Capital LLC acquired a new position in Visa in the fourth quarter valued at approximately $35,000. 82.15% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, CEO Ryan Mcinerney sold 8,620 shares of the stock in a transaction that occurred on Tuesday, April 1st. The stock was sold at an average price of $350.44, for a total transaction of $3,020,792.80. Following the transaction, the chief executive officer now owns 537 shares in the company, valued at approximately $188,186.28. This trade represents a 94.14 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Paul D. Fabara sold 39,350 shares of the business’s stock in a transaction on Friday, March 14th. The shares were sold at an average price of $327.20, for a total value of $12,875,320.00. Following the completion of the sale, the insider now owns 26,413 shares of the company’s stock, valued at $8,642,333.60. This trade represents a 59.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 121,948 shares of company stock valued at $41,548,282 over the last three months. Insiders own 0.13% of the company’s stock.

Visa Trading Up 0.5 %

Shares of Visa stock opened at $352.95 on Friday. The stock has a market cap of $655.70 billion, a P/E ratio of 35.58, a P/E/G ratio of 2.33 and a beta of 0.96. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.45. Visa Inc. has a 12-month low of $252.70 and a 12-month high of $366.54. The business’s 50 day moving average is $336.98 and its 200-day moving average is $327.02.

Visa (NYSE:V) last announced its quarterly earnings results on Tuesday, April 29th. The credit-card processor reported $2.76 EPS for the quarter, beating analysts’ consensus estimates of $2.68 by $0.08. The firm had revenue of $9.59 billion during the quarter, compared to analysts’ expectations of $9.57 billion. Visa had a net margin of 54.27% and a return on equity of 54.79%. The company’s revenue for the quarter was up 9.3% compared to the same quarter last year. During the same quarter last year, the company posted $2.51 earnings per share. Equities research analysts predict 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, June 2nd. Shareholders of record on Tuesday, May 13th will be paid a $0.59 dividend. The ex-dividend date is Tuesday, May 13th. This represents a $2.36 annualized dividend and a yield of 0.67%. Visa’s dividend payout ratio is 23.72%.

Analyst Ratings Changes

Several analysts have commented on V shares. Piper Sandler increased their price target on Visa from $383.00 to $384.00 and gave the company an “overweight” rating in a research note on Wednesday, April 30th. Oppenheimer restated an “outperform” rating on shares of Visa in a report on Thursday, February 13th. Raymond James reaffirmed an “outperform” rating and issued a $393.00 price target (up from $374.00) on shares of Visa in a research note on Friday, January 31st. William Blair reissued an “outperform” rating on shares of Visa in a research note on Wednesday, April 30th. Finally, Susquehanna reaffirmed a “positive” rating on shares of Visa in a research note on Friday, March 21st. Seven equities research analysts have rated the stock with a hold rating, twenty have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, Visa has a consensus rating of “Moderate Buy” and an average price target of $362.38.

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.