FOURPOINTS Investment Managers S.A.S. cut its position in Visa Inc. (NYSE:V) by 21.6% during the first quarter, Holdings Channel reports. The institutional investor owned 31,139 shares of the credit-card processor’s stock after selling 8,563 shares during the period. Visa comprises approximately 2.9% of FOURPOINTS Investment Managers S.A.S.’s portfolio, making the stock its 7th largest position. FOURPOINTS Investment Managers S.A.S.’s holdings in Visa were worth $2,767,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Mercer Capital Advisers Inc. increased its position in shares of Visa by 2.2% in the first quarter. Mercer Capital Advisers Inc. now owns 1,167 shares of the credit-card processor’s stock worth $104,000 after buying an additional 25 shares during the last quarter. Advantage Investment Management LLC increased its position in shares of Visa by 27.4% in the first quarter. Advantage Investment Management LLC now owns 1,462 shares of the credit-card processor’s stock worth $130,000 after buying an additional 314 shares during the last quarter. Delta Asset Management LLC TN increased its position in shares of Visa by 2.5% in the first quarter. Delta Asset Management LLC TN now owns 1,541 shares of the credit-card processor’s stock worth $137,000 after buying an additional 38 shares during the last quarter. State of Alaska Department of Revenue acquired a new position in shares of Visa during the first quarter worth about $153,000. Finally, Pacific Center for Financial Services acquired a new position in shares of Visa during the fourth quarter worth about $138,000. 82.46% of the stock is currently owned by hedge funds and other institutional investors.

Visa Inc. (V) traded up 0.608% during trading on Friday, reaching $100.095. The company’s stock had a trading volume of 1,579,992 shares. The stock has a 50-day moving average of $97.57 and a 200 day moving average of $91.96. Visa Inc. has a one year low of $75.17 and a one year high of $101.72. The firm has a market capitalization of $228.86 billion, a P/E ratio of 37.224 and a beta of 0.94.

Visa (NYSE:V) last posted its quarterly earnings data on Thursday, July 20th. The credit-card processor reported $0.86 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.81 by $0.05. Visa had a return on equity of 30.95% and a net margin of 36.53%. The company had revenue of $4.57 billion during the quarter, compared to analyst estimates of $4.36 billion. During the same period in the previous year, the business earned $0.69 EPS. Visa’s quarterly revenue was up 25.8% on a year-over-year basis. On average, equities research analysts predict that Visa Inc. will post $3.43 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 5th. Shareholders of record on Friday, August 18th will be paid a dividend of $0.165 per share. The ex-dividend date is Wednesday, August 16th. This represents a $0.66 annualized dividend and a yield of 0.66%. Visa’s dividend payout ratio (DPR) is currently 24.54%.

Visa announced that its board has initiated a share repurchase plan on Thursday, April 20th that authorizes the company to repurchase $5.00 billion in shares. This repurchase authorization authorizes the credit-card processor to purchase up to 2.4% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s board of directors believes its shares are undervalued.

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A number of research analysts have recently issued reports on the company. BidaskClub raised Visa from a “buy” rating to a “strong-buy” rating in a report on Thursday. Sanford C. Bernstein reaffirmed an “outperform” rating and set a $110.00 price target on shares of Visa in a report on Thursday, July 13th. Vetr downgraded Visa from a “buy” rating to a “hold” rating and set a $100.12 price target on the stock. in a report on Monday, July 17th. Sandler O’Neill reaffirmed a “hold” rating on shares of Visa in a report on Wednesday, June 21st. Finally, Oppenheimer Holdings, Inc. upped their price target on Visa from $100.00 to $106.00 in a report on Tuesday, July 18th. Four analysts have rated the stock with a hold rating, twenty-six have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. Visa currently has a consensus rating of “Buy” and an average target price of $104.56.

In other Visa news, EVP Tullier Kelly Mahon sold 29,772 shares of the business’s stock in a transaction that occurred on Thursday, July 27th. The stock was sold at an average price of $100.91, for a total transaction of $3,004,292.52. Following the completion of the sale, the executive vice president now directly owns 17,360 shares in the company, valued at approximately $1,751,797.60. The transaction was disclosed in a document filed with the SEC, which is available through this link. 0.14% of the stock is currently owned by insiders.

About Visa

Visa Inc (Visa) is a payments technology company that connects consumers, merchants, financial institutions, businesses, strategic partners and government entities to electronic payments. The Company operates through payment services segment. The Company enables global commerce through the transfer of value and information among the participants.

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Institutional Ownership by Quarter for Visa (NYSE:V)

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