Silvant Capital Management LLC cut its position in shares of Visa Inc (NYSE:V) by 19.2% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 145,513 shares of the credit-card processor’s stock after selling 34,618 shares during the period. Visa makes up 3.8% of Silvant Capital Management LLC’s portfolio, making the stock its 4th largest holding. Silvant Capital Management LLC’s holdings in Visa were worth $19,199,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its position in Visa by 0.5% in the 3rd quarter. Vanguard Group Inc. now owns 133,049,441 shares of the credit-card processor’s stock valued at $19,969,390,000 after buying an additional 640,593 shares during the period. Vanguard Group Inc boosted its position in Visa by 0.5% in the 3rd quarter. Vanguard Group Inc now owns 133,049,441 shares of the credit-card processor’s stock valued at $19,969,390,000 after buying an additional 640,593 shares during the period. BlackRock Inc. boosted its position in Visa by 0.8% in the 3rd quarter. BlackRock Inc. now owns 122,485,390 shares of the credit-card processor’s stock valued at $18,383,832,000 after buying an additional 936,305 shares during the period. FMR LLC boosted its position in Visa by 1.7% in the 3rd quarter. FMR LLC now owns 86,917,222 shares of the credit-card processor’s stock valued at $13,045,406,000 after buying an additional 1,450,809 shares during the period. Finally, Oregon Public Employees Retirement Fund boosted its position in Visa by 11,319.8% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 86,570,056 shares of the credit-card processor’s stock valued at $656,000 after buying an additional 85,811,983 shares during the period. 81.42% of the stock is owned by hedge funds and other institutional investors.

In related news, EVP William M. Sheedy sold 75,676 shares of the business’s stock in a transaction that occurred on Tuesday, April 30th. The shares were sold at an average price of $165.24, for a total transaction of $12,504,702.24. Following the completion of the transaction, the executive vice president now owns 300,114 shares in the company, valued at approximately $49,590,837.36. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP James H. Hoffmeister sold 6,480 shares of the business’s stock in a transaction that occurred on Tuesday, March 12th. The stock was sold at an average price of $151.00, for a total transaction of $978,480.00. Following the transaction, the senior vice president now owns 6,480 shares of the company’s stock, valued at approximately $978,480. The disclosure for this sale can be found here. In the last 90 days, insiders sold 188,202 shares of company stock valued at $29,962,762. Company insiders own 0.17% of the company’s stock.

Several equities research analysts have issued reports on V shares. Oppenheimer boosted their price objective on shares of Visa from $162.00 to $176.00 and gave the company an “outperform” rating in a research report on Wednesday, April 17th. Cantor Fitzgerald reissued a “buy” rating and issued a $160.00 price objective on shares of Visa in a research report on Thursday, January 31st. Jefferies Financial Group started coverage on shares of Visa in a research report on Monday, January 28th. They issued a “buy” rating and a $135.99 price objective for the company. SunTrust Banks reissued an “outperform” rating and issued a $250.00 price objective on shares of Visa in a research report on Friday, February 1st. Finally, Wedbush boosted their price objective on shares of Visa from $150.00 to $162.00 and gave the company an “outperform” rating in a research report on Thursday, March 14th. Two investment analysts have rated the stock with a hold rating and twenty-four have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $177.42.

NYSE:V opened at $162.79 on Thursday. Visa Inc has a one year low of $121.60 and a one year high of $165.74. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.62 and a quick ratio of 1.62. The stock has a market capitalization of $324.94 billion, a PE ratio of 35.31, a price-to-earnings-growth ratio of 1.78 and a beta of 1.00.

Visa (NYSE:V) last posted its quarterly earnings results on Wednesday, April 24th. The credit-card processor reported $1.31 EPS for the quarter, beating the consensus estimate of $1.24 by $0.07. Visa had a net margin of 51.34% and a return on equity of 40.56%. The business had revenue of $5.49 billion during the quarter, compared to analyst estimates of $5.46 billion. During the same quarter in the previous year, the business posted $1.11 EPS. The company’s quarterly revenue was up 8.3% compared to the same quarter last year. Research analysts forecast that Visa Inc will post 5.38 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 4th. Stockholders of record on Friday, May 17th will be issued a $0.25 dividend. The ex-dividend date of this dividend is Thursday, May 16th. This represents a $1.00 annualized dividend and a dividend yield of 0.61%. Visa’s dividend payout ratio is currently 21.69%.

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About Visa

Visa Inc operates as a payments technology company worldwide. The company facilitates commerce through the transfer of value and information among consumers, merchants, financial institutions, businesses, strategic partners, and government entities. It operates VisaNet, a processing network that enables authorization, clearing, and settlement of payment transactions; and offers fraud protection for account holders and assured payment for merchants.

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Institutional Ownership by Quarter for Visa (NYSE:V)

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