Visa Inc. (NYSE:V) Shares Purchased by IFM Investors Pty Ltd

IFM Investors Pty Ltd lifted its holdings in Visa Inc. (NYSE:V) by 3.8% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 324,902 shares of the credit-card processor’s stock after acquiring an additional 12,042 shares during the period. Visa makes up 1.1% of IFM Investors Pty Ltd’s portfolio, making the stock its 13th biggest position. IFM Investors Pty Ltd’s holdings in Visa were worth $113,865,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in V. Vanguard Group Inc. boosted its holdings in Visa by 4.6% in the 4th quarter. Vanguard Group Inc. now owns 159,405,343 shares of the credit-card processor’s stock worth $50,378,465,000 after acquiring an additional 7,079,706 shares during the period. Geode Capital Management LLC raised its stake in shares of Visa by 4.4% during the fourth quarter. Geode Capital Management LLC now owns 40,345,176 shares of the credit-card processor’s stock valued at $12,729,901,000 after purchasing an additional 1,689,926 shares during the period. Capital International Investors lifted its position in shares of Visa by 3.8% during the fourth quarter. Capital International Investors now owns 23,816,573 shares of the credit-card processor’s stock worth $7,526,660,000 after purchasing an additional 866,596 shares in the last quarter. Capital World Investors boosted its stake in shares of Visa by 1.0% in the fourth quarter. Capital World Investors now owns 23,277,622 shares of the credit-card processor’s stock valued at $7,356,614,000 after purchasing an additional 241,057 shares during the period. Finally, Northern Trust Corp grew its holdings in Visa by 18.0% during the 4th quarter. Northern Trust Corp now owns 18,260,714 shares of the credit-card processor’s stock valued at $5,771,116,000 after purchasing an additional 2,785,707 shares in the last quarter. Hedge funds and other institutional investors own 82.15% of the company’s stock.

Visa Trading Up 1.3%

Visa stock opened at $358.70 on Friday. Visa Inc. has a 1 year low of $252.70 and a 1 year high of $375.51. The firm’s 50-day moving average is $355.79 and its 200-day moving average is $341.46. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.08 and a current ratio of 1.08. The company has a market cap of $661.86 billion, a P/E ratio of 36.05, a PEG ratio of 2.43 and a beta of 0.92.

Visa (NYSE:V) last issued its earnings results on Tuesday, April 29th. The credit-card processor reported $2.76 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.68 by $0.08. Visa had a net margin of 52.86% and a return on equity of 56.28%. The firm had revenue of $9.59 billion for the quarter, compared to analysts’ expectations of $9.57 billion. During the same quarter last year, the company posted $2.51 earnings per share. Visa’s revenue was up 9.3% on a year-over-year basis. On average, equities analysts expect that Visa Inc. will post 11.3 earnings per share for the current year.

Visa Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 2nd. Stockholders of record on Tuesday, May 13th were given a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a dividend yield of 0.66%. The ex-dividend date was Tuesday, May 13th. Visa’s payout ratio is 23.72%.

Insider Buying and Selling

In other Visa news, insider Paul D. Fabara sold 11,636 shares of the firm’s stock in a transaction on Wednesday, June 11th. The stock was sold at an average price of $375.00, for a total value of $4,363,500.00. Following the sale, the insider directly owned 26,413 shares in the company, valued at approximately $9,904,875. This trade represents a 30.58% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Ryan Mcinerney sold 8,630 shares of the business’s stock in a transaction on Tuesday, July 1st. The shares were sold at an average price of $353.82, for a total transaction of $3,053,466.60. Following the transaction, the chief executive officer directly owned 537 shares of the company’s stock, valued at approximately $190,001.34. This trade represents a 94.14% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 101,108 shares of company stock valued at $36,771,200. Insiders own 0.13% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on V. Macquarie dropped their price target on shares of Visa from $400.00 to $380.00 and set an “outperform” rating on the stock in a research note on Wednesday, April 30th. Jefferies Financial Group lifted their target price on Visa from $400.00 to $410.00 and gave the stock a “buy” rating in a research report on Tuesday, May 27th. Mizuho upgraded Visa from a “neutral” rating to an “outperform” rating and boosted their price target for the stock from $359.00 to $425.00 in a research note on Thursday, June 5th. William Blair restated an “outperform” rating on shares of Visa in a research note on Wednesday, April 30th. Finally, Wall Street Zen upgraded Visa from a “hold” rating to a “buy” rating in a report on Monday, May 12th. Five analysts have rated the stock with a hold rating, twenty-three have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Visa presently has a consensus rating of “Moderate Buy” and a consensus target price of $372.84.

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.