Visa Inc. (NYSE:V) is Compass Capital Management Inc.’s 5th Largest Position

Compass Capital Management Inc. cut its position in shares of Visa Inc. (NYSE:V) by 1.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 229,369 shares of the credit-card processor’s stock after selling 2,898 shares during the quarter. Visa makes up about 4.2% of Compass Capital Management Inc.’s holdings, making the stock its 5th biggest position. Compass Capital Management Inc.’s holdings in Visa were worth $59,716,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. WealthTrust Axiom LLC purchased a new stake in shares of Visa in the 4th quarter valued at about $296,000. Certuity LLC grew its position in Visa by 17.0% during the fourth quarter. Certuity LLC now owns 11,080 shares of the credit-card processor’s stock valued at $2,885,000 after acquiring an additional 1,613 shares during the last quarter. Penobscot Investment Management Company Inc. lifted its holdings in shares of Visa by 5.4% in the 4th quarter. Penobscot Investment Management Company Inc. now owns 69,732 shares of the credit-card processor’s stock worth $18,155,000 after acquiring an additional 3,572 shares during the last quarter. Cozad Asset Management Inc. boosted its position in Visa by 1.9% during the fourth quarter. Cozad Asset Management Inc. now owns 4,419 shares of the credit-card processor’s stock valued at $1,150,000 after buying an additional 84 shares during the period. Finally, Duff & Phelps Investment Management Co. increased its stake in shares of Visa by 0.3% in the fourth quarter. Duff & Phelps Investment Management Co. now owns 17,812 shares of the credit-card processor’s stock worth $4,637,000 after buying an additional 50 shares during the period. 82.15% of the stock is owned by institutional investors.

Insider Activity

In related news, CEO Ryan Mcinerney sold 8,150 shares of the business’s stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $273.39, for a total transaction of $2,228,128.50. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, CAO Peter M. Andreski sold 2,615 shares of Visa stock in a transaction on Wednesday, February 7th. The shares were sold at an average price of $278.88, for a total value of $729,271.20. Following the sale, the chief accounting officer now owns 4,898 shares of the company’s stock, valued at approximately $1,365,954.24. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Ryan Mcinerney sold 8,150 shares of the firm’s stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $273.39, for a total transaction of $2,228,128.50. The disclosure for this sale can be found here. In the last quarter, insiders sold 19,874 shares of company stock worth $5,506,827. 0.19% of the stock is currently owned by corporate insiders.

Visa Stock Performance

Shares of NYSE:V traded down $3.23 during midday trading on Tuesday, hitting $268.61. The company had a trading volume of 6,319,834 shares, compared to its average volume of 5,935,194. Visa Inc. has a 12-month low of $216.14 and a 12-month high of $290.96. The company has a fifty day moving average of $279.11 and a two-hundred day moving average of $264.97. The company has a market cap of $493.30 billion, a price-to-earnings ratio of 30.17, a PEG ratio of 1.89 and a beta of 0.96. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.40 and a quick ratio of 1.40.

Visa (NYSE:V) last posted its earnings results on Tuesday, April 23rd. The credit-card processor reported $2.51 earnings per share for the quarter, beating the consensus estimate of $2.43 by $0.08. The company had revenue of $8.78 billion during the quarter, compared to analysts’ expectations of $8.62 billion. Visa had a net margin of 53.87% and a return on equity of 51.23%. Visa’s quarterly revenue was up 9.9% on a year-over-year basis. During the same period last year, the company posted $2.09 earnings per share. On average, equities research analysts expect that Visa Inc. will post 9.89 EPS for the current fiscal year.

Visa Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 3rd. Stockholders of record on Friday, May 17th will be given a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a dividend yield of 0.77%. The ex-dividend date is Thursday, May 16th. Visa’s payout ratio is 23.24%.

Analyst Ratings Changes

Several research firms have recently issued reports on V. Raymond James boosted their target price on Visa from $287.00 to $311.00 and gave the company an “outperform” rating in a research note on Friday, January 26th. Macquarie upped their price target on Visa from $290.00 to $300.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 24th. Robert W. Baird boosted their target price on Visa from $314.00 to $320.00 and gave the stock an “outperform” rating in a report on Wednesday, April 17th. William Blair reissued an “outperform” rating on shares of Visa in a research note on Wednesday, April 24th. Finally, Barclays lifted their price target on Visa from $304.00 to $319.00 and gave the stock an “overweight” rating in a research report on Monday, January 29th. Five research analysts have rated the stock with a hold rating and twenty have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $302.58.

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.