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

Ninety One SA PTY Ltd grew its holdings in Visa Inc. (NYSE:V) by 24.4% during 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 period. Visa makes up about 2.7% of Ninety One SA PTY Ltd’s portfolio, making the stock its 12th biggest position. Ninety One SA PTY Ltd’s holdings in Visa were worth $17,647,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of V. BCK Partners Inc. bought a new position in shares of Visa in the 1st quarter valued at $2,717,000. Markel Corp increased its stake in shares of Visa by 0.3% in the 1st quarter. Markel Corp now owns 961,105 shares of the credit-card processor’s stock valued at $213,144,000 after purchasing an additional 3,065 shares during the last quarter. AMI Investment Management Inc. bought a new stake in Visa during the 1st quarter worth $2,323,000. Ergoteles LLC bought a new stake in Visa during the 1st quarter worth $538,000. Finally, XTX Topco Ltd bought a new stake in Visa during the 1st quarter worth $1,496,000. Institutional investors own 82.15% of the company’s stock.

Visa Stock Down 0.6 %

Shares of NYSE:V opened at $269.71 on Friday. The company has a market capitalization of $495.33 billion, a price-to-earnings ratio of 31.04, a P/E/G 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. The business’s 50-day moving average is $279.58 and its 200-day moving average is $262.89. 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 results on Thursday, January 25th. The credit-card processor reported $2.41 earnings per share for the quarter, topping analysts’ consensus estimates of $2.34 by $0.07. Visa had a return on equity of 50.02% and a net margin of 53.92%. The business had revenue of $8.63 billion for the quarter, compared to the consensus estimate of $8.55 billion. During the same period in the prior year, the business earned $2.18 EPS. The firm’s revenue for the quarter was up 9.3% on a year-over-year basis. Equities research analysts predict that Visa Inc. will post 9.88 earnings per share for the current year.

Visa Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, March 1st. Investors of record on Friday, February 9th were paid a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a yield of 0.77%. The ex-dividend date was Thursday, February 8th. Visa’s dividend payout ratio (DPR) is currently 23.94%.

Wall Street Analysts Forecast Growth

V has been the topic of a number of research reports. Mizuho restated a “neutral” rating and set a $265.00 price objective on shares of Visa in a research report on Wednesday, March 27th. Royal Bank of Canada boosted their price objective on Visa from $290.00 to $309.00 and gave the stock an “outperform” rating in a research report on Friday, January 26th. KeyCorp boosted their price objective on Visa from $275.00 to $300.00 and gave the stock an “overweight” rating in a research report on Monday, January 8th. Barclays boosted their price objective on Visa from $304.00 to $319.00 and gave the stock an “overweight” rating in a research report on Monday, January 29th. Finally, Susquehanna boosted their price objective on Visa from $300.00 to $326.00 and gave the stock a “positive” rating in a research report on Friday, January 26th. Five investment analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $298.43.

Insider Buying and Selling

In related news, CEO Ryan Mcinerney sold 8,200 shares of the company’s stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $280.36, for a total transaction of $2,298,952.00. Following the transaction, the chief executive officer now directly owns 538 shares of the company’s stock, valued at approximately $150,833.68. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other Visa news, CEO Ryan Mcinerney sold 8,200 shares of the business’s stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $280.36, for a total transaction of $2,298,952.00. Following the completion of the sale, the chief executive officer now directly owns 538 shares of the company’s stock, valued at approximately $150,833.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Peter M. Andreski sold 2,615 shares of the business’s stock in a transaction that occurred on Wednesday, February 7th. The stock was sold at an average price of $278.88, for a total value of $729,271.20. Following the sale, the chief accounting officer now directly owns 4,898 shares of the company’s stock, valued at $1,365,954.24. The disclosure for this sale can be found here. In the last three months, insiders have sold 18,965 shares of company stock valued at $5,256,352. 0.19% of the stock is owned by company insiders.

About Visa

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.