Visa Inc. (NYSE:V) Holdings Decreased by Villere ST Denis J & Co. LLC

Villere ST Denis J & Co. LLC cut its holdings in Visa Inc. (NYSE:V) by 2.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 130,866 shares of the credit-card processor’s stock after selling 2,643 shares during the period. Visa makes up 3.7% of Villere ST Denis J & Co. LLC’s portfolio, making the stock its 3rd largest position. Villere ST Denis J & Co. LLC’s holdings in Visa were worth $41,359,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the stock. Swedbank AB lifted its stake in Visa by 10.7% in the third quarter. Swedbank AB now owns 2,059,111 shares of the credit-card processor’s stock worth $566,153,000 after acquiring an additional 199,440 shares during the period. Howard Capital Management Group LLC lifted its position in shares of Visa by 0.6% in the 3rd quarter. Howard Capital Management Group LLC now owns 106,355 shares of the credit-card processor’s stock worth $29,242,000 after purchasing an additional 610 shares during the period. Resonant Capital Advisors LLC boosted its stake in shares of Visa by 1.9% during the 3rd quarter. Resonant Capital Advisors LLC now owns 19,730 shares of the credit-card processor’s stock valued at $5,425,000 after purchasing an additional 371 shares in the last quarter. New Century Financial Group LLC increased its position in shares of Visa by 1.1% during the third quarter. New Century Financial Group LLC now owns 5,688 shares of the credit-card processor’s stock valued at $1,564,000 after buying an additional 61 shares during the period. Finally, Cedrus LLC raised its stake in Visa by 2.6% in the third quarter. Cedrus LLC now owns 2,257 shares of the credit-card processor’s stock worth $621,000 after buying an additional 58 shares in the last quarter. 82.15% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Visa news, insider Paul D. Fabara sold 2,171 shares of the company’s stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $307.97, for a total transaction of $668,602.87. Following the completion of the sale, the insider now directly owns 17,894 shares of the company’s stock, valued at approximately $5,510,815.18. This represents a 10.82 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Ryan Mcinerney sold 8,620 shares of the stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $317.78, for a total transaction of $2,739,263.60. The disclosure for this sale can be found here. Insiders sold 58,056 shares of company stock valued at $19,830,050 over the last 90 days. Company insiders own 0.13% of the company’s stock.

Analyst Upgrades and Downgrades

V has been the topic of several research reports. Susquehanna lifted their price objective on Visa from $375.00 to $395.00 and gave the company a “positive” rating in a research report on Friday, January 31st. Jefferies Financial Group upped their price target on Visa from $320.00 to $330.00 and gave the stock a “buy” rating in a research note on Wednesday, October 30th. Macquarie raised their price objective on Visa from $300.00 to $335.00 and gave the company an “outperform” rating in a research report on Wednesday, October 30th. Piper Sandler reaffirmed an “overweight” rating and issued a $383.00 target price (up from $368.00) on shares of Visa in a research report on Friday, January 31st. Finally, Raymond James reissued an “outperform” rating and set a $393.00 price target (up from $374.00) on shares of Visa in a research report on Friday, January 31st. Four analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $354.73.

Visa Price Performance

Shares of NYSE:V opened at $353.73 on Tuesday. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.28 and a current ratio of 1.12. The firm has a market cap of $657.15 billion, a price-to-earnings ratio of 35.66, a price-to-earnings-growth ratio of 2.32 and a beta of 0.97. The business has a 50-day simple moving average of $325.14 and a two-hundred day simple moving average of $299.42. Visa Inc. has a fifty-two week low of $252.70 and a fifty-two week high of $356.08.

Visa (NYSE:V) last released its quarterly earnings data on Thursday, January 30th. The credit-card processor reported $2.75 earnings per share for the quarter, beating the consensus estimate of $2.66 by $0.09. Visa had a net margin of 54.27% and a return on equity of 54.79%. On average, analysts expect that Visa Inc. will post 11.27 earnings per share for the current year.

Visa Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 3rd. Stockholders of record on Tuesday, February 11th will be paid a $0.59 dividend. The ex-dividend date of this dividend is Tuesday, February 11th. This represents a $2.36 dividend on an annualized basis and a dividend yield of 0.67%. Visa’s dividend payout ratio (DPR) is currently 23.79%.

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.