Quantinno Capital Management LP Purchases 42,899 Shares of Visa Inc. (NYSE:V)

Quantinno Capital Management LP raised its position in Visa Inc. (NYSE:V) by 27.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 198,482 shares of the credit-card processor’s stock after acquiring an additional 42,899 shares during the quarter. Visa makes up 0.6% of Quantinno Capital Management LP’s investment portfolio, making the stock its 16th largest position. Quantinno Capital Management LP’s holdings in Visa were worth $62,729,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Decker Retirement Planning Inc. purchased a new position in shares of Visa during the 4th quarter valued at $26,000. Bradley & Co. Private Wealth Management LLC bought a new position in shares of Visa during the 4th quarter valued at approximately $27,000. POM Investment Strategies LLC boosted its stake 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 purchasing an additional 32 shares during the period. Compass Planning Associates Inc bought a new stake in shares of Visa during the 4th quarter worth approximately $32,000. Finally, NewSquare Capital LLC bought a new position in shares of Visa in the fourth quarter worth about $35,000. 82.15% of the stock is currently owned by institutional investors.

Insider Activity at Visa

In related news, insider Paul D. Fabara sold 14,813 shares of the stock in a transaction on Thursday, May 8th. The stock was sold at an average price of $355.04, for a total value of $5,259,207.52. Following the transaction, the insider now directly owns 26,413 shares in the company, valued at $9,377,671.52. This trade represents a 35.93% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Ryan Mcinerney sold 8,620 shares of the firm’s stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $363.00, for a total transaction of $3,129,060.00. Following the transaction, 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 disclosure for this sale can be found here. In the last 90 days, insiders have sold 121,948 shares of company stock worth $41,548,282. Insiders own 0.13% of the company’s stock.

Analyst Upgrades and Downgrades

V has been the topic of a number of analyst reports. Raymond James reaffirmed an “outperform” rating and issued a $393.00 price objective (up previously from $374.00) on shares of Visa in a research report on Friday, January 31st. UBS Group decreased their price target on shares of Visa from $400.00 to $395.00 and set a “buy” rating on the stock in a research note on Wednesday, April 30th. Evercore ISI assumed coverage on Visa in a research report on Wednesday, April 9th. They issued an “in-line” rating and a $330.00 price objective for the company. Oppenheimer reiterated an “outperform” rating on shares of Visa in a report on Thursday, February 13th. Finally, Wells Fargo & Company lifted their price objective on Visa from $360.00 to $395.00 and gave the company an “overweight” rating in a research note on Friday, January 31st. Six equities research analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $362.38.

Visa Price Performance

V opened at $356.13 on Wednesday. The stock has a market capitalization of $661.61 billion, a P/E ratio of 35.90, a price-to-earnings-growth ratio of 2.33 and a beta of 0.96. Visa Inc. has a one year low of $252.70 and a one year high of $366.54. 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 company’s 50 day simple moving average is $337.30 and its 200-day simple moving average is $328.04.

Visa (NYSE:V) last released its quarterly earnings data on Tuesday, April 29th. The credit-card processor reported $2.76 earnings per share for the quarter, beating the consensus estimate of $2.68 by $0.08. Visa had a return on equity of 54.79% and a net margin of 54.27%. The business had revenue of $9.59 billion for the quarter, compared to analysts’ expectations of $9.57 billion. During the same quarter in the previous year, the business posted $2.51 EPS. Visa’s revenue for the quarter was up 9.3% on a year-over-year basis. Sell-side analysts anticipate that Visa Inc. will post 11.3 earnings per share for the current fiscal year.

Visa Announces Dividend

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 dividend of $0.59 per share. The ex-dividend date of this dividend is Tuesday, May 13th. This represents a $2.36 dividend on an annualized basis and a yield of 0.66%. Visa’s dividend payout ratio (DPR) is 23.72%.

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.