Polar Capital Holdings Plc Increases Stock Position in Visa Inc. (NYSE:V)

Polar Capital Holdings Plc raised its holdings in shares of Visa Inc. (NYSE:V) by 6.2% during the 4th quarter, HoldingsChannel.com reports. The firm owned 223,439 shares of the credit-card processor’s stock after acquiring an additional 13,117 shares during the quarter. Polar Capital Holdings Plc’s holdings in Visa were worth $70,616,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Decker Retirement Planning Inc. purchased a new position in Visa in the fourth quarter worth about $26,000. Bradley & Co. Private Wealth Management LLC bought a new position in shares of Visa in the 4th quarter worth approximately $27,000. POM Investment Strategies LLC boosted its holdings in shares of Visa by 48.5% in the fourth 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 last quarter. Compass Planning Associates Inc purchased a new position in shares of Visa during the 4th quarter worth $32,000. Finally, NewSquare Capital LLC bought a new stake in shares of Visa during the 4th quarter valued at $35,000. Hedge funds and other institutional investors own 82.15% of the company’s stock.

Insiders Place Their Bets

In related news, CEO Ryan Mcinerney sold 8,620 shares of Visa stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $363.00, for a total value of $3,129,060.00. Following the completion of the sale, the chief executive officer now directly owns 537 shares in the company, valued at $194,931. The trade was a 94.14% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Paul D. Fabara sold 39,350 shares of the company’s stock in a transaction dated Friday, March 14th. The stock was sold at an average price of $327.20, for a total transaction of $12,875,320.00. Following the completion of the sale, the insider now directly owns 26,413 shares of the company’s stock, valued at approximately $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 have sold 121,948 shares of company stock worth $41,548,282 in the last three months. Corporate insiders own 0.13% of the company’s stock.

Visa Trading Down 0.0%

V opened at $356.11 on Thursday. The stock’s 50 day moving average price is $337.51 and its 200-day moving average price is $328.23. The stock has a market cap of $661.57 billion, a price-to-earnings ratio of 35.90, a P/E/G ratio of 2.33 and a beta of 0.96. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.12 and a current ratio of 1.12. Visa Inc. has a one year low of $252.70 and a one year high of $366.54.

Visa (NYSE:V) last released its earnings results on Tuesday, April 29th. The credit-card processor reported $2.76 earnings per share for the quarter, topping the consensus estimate of $2.68 by $0.08. The business had revenue of $9.59 billion during the quarter, compared to the consensus estimate of $9.57 billion. Visa had a return on equity of 54.79% and a net margin of 54.27%. The business’s revenue for the quarter was up 9.3% compared to the same quarter last year. During the same period last year, the company earned $2.51 earnings per share. On average, equities analysts forecast that Visa Inc. will post 11.3 EPS for the current year.

Visa Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 2nd. Shareholders of record on Tuesday, May 13th will be given a $0.59 dividend. The ex-dividend date is Tuesday, May 13th. This represents a $2.36 annualized dividend and a yield of 0.66%. Visa’s dividend payout ratio (DPR) is 23.72%.

Wall Street Analyst Weigh In

V has been the topic of a number of recent research reports. Piper Sandler raised their target price on Visa from $383.00 to $384.00 and gave the stock an “overweight” rating in a report on Wednesday, April 30th. Oppenheimer reaffirmed an “outperform” rating on shares of Visa in a research note on Thursday, February 13th. Evercore ISI began coverage on Visa in a research note on Wednesday, April 9th. They set an “in-line” rating and a $330.00 price objective for the company. Citigroup reiterated a “neutral” rating on shares of Visa in a research report on Thursday, February 13th. Finally, JPMorgan Chase & Co. increased their price objective on shares of Visa from $340.00 to $375.00 and gave the stock an “overweight” rating in a research note on Friday, January 31st. Six analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $362.38.

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.