Visa Inc. $V Stock Holdings Reduced by Te Ahumairangi Investment Management Ltd

Te Ahumairangi Investment Management Ltd lowered its position in Visa Inc. (NYSE:V) by 5.0% during the first quarter, HoldingsChannel.com reports. The firm owned 27,281 shares of the credit-card processor’s stock after selling 1,446 shares during the quarter. Visa makes up approximately 2.0% of Te Ahumairangi Investment Management Ltd’s holdings, making the stock its 9th largest holding. Te Ahumairangi Investment Management Ltd’s holdings in Visa were worth $9,561,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Keystone Global Partners LLC purchased a new position in Visa in the first quarter valued at about $26,000. von Borstel & Associates Inc. bought a new stake in shares of Visa during the 1st quarter worth about $27,000. Measured Risk Portfolios Inc. bought a new stake in shares of Visa during the 4th quarter worth about $47,000. O Brien Wealth Partners LLC bought a new stake in shares of Visa during the 1st quarter worth about $54,000. Finally, Global X Japan Co. Ltd. bought a new stake in shares of Visa during the 1st quarter worth about $56,000. Hedge funds and other institutional investors own 82.15% of the company’s stock.

Insider Buying and Selling at Visa

In other Visa news, General Counsel Julie B. Rottenberg sold 2,027 shares of the company’s stock in a transaction that occurred on Monday, August 18th. The stock was sold at an average price of $344.02, for a total value of $697,328.54. Following the completion of the transaction, the general counsel owned 11,925 shares of the company’s stock, valued at $4,102,438.50. This represents a 14.53% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Ryan Mcinerney sold 8,630 shares of the firm’s stock in a transaction that occurred on Tuesday, July 1st. The stock was sold at an average price of $353.82, for a total value of $3,053,466.60. Following the completion of the sale, the chief executive officer owned 537 shares of the company’s stock, valued at $190,001.34. This represents a 94.14% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 77,127 shares of company stock valued at $28,340,553 in the last quarter. Corporate insiders own 0.13% of the company’s stock.

Visa Price Performance

NYSE V opened at $350.10 on Friday. Visa Inc. has a twelve month low of $268.23 and a twelve month high of $375.51. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.12 and a current ratio of 1.12. The stock has a market capitalization of $641.65 billion, a PE ratio of 34.19, a P/E/G ratio of 2.33 and a beta of 0.94. The stock has a 50-day simple moving average of $348.07 and a 200 day simple moving average of $347.44.

Visa (NYSE:V) last posted its quarterly earnings data on Tuesday, July 29th. The credit-card processor reported $2.98 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.85 by $0.13. The company had revenue of $10.17 billion for the quarter, compared to the consensus estimate of $9.82 billion. Visa had a net margin of 52.16% and a return on equity of 58.93%. The business’s revenue was up 14.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.42 EPS. Research analysts anticipate that Visa Inc. will post 11.3 EPS for the current year.

Visa Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 2nd. Investors of record on Tuesday, August 12th will be paid a dividend of $0.59 per share. This represents a $2.36 annualized dividend and a yield of 0.7%. The ex-dividend date is Tuesday, August 12th. Visa’s payout ratio is currently 23.05%.

Analyst Ratings Changes

V has been the subject of several recent analyst reports. Deutsche Bank Aktiengesellschaft initiated coverage on Visa in a research note on Thursday, July 17th. They set a “buy” rating and a $410.00 price target for the company. Macquarie upped their price target on Visa from $380.00 to $425.00 and gave the stock an “outperform” rating in a research note on Thursday, July 31st. Raymond James Financial reiterated an “outperform” rating on shares of Visa in a research note on Wednesday, July 30th. Wall Street Zen upgraded Visa from a “hold” rating to a “buy” rating in a research note on Monday, May 12th. Finally, The Goldman Sachs Group initiated coverage on Visa in a research note on Monday, June 2nd. They set a “neutral” rating for the company. One investment analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $380.84.

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.