Visa Inc. (NYSE:V) Shares Sold by WCM Investment Management LLC

WCM Investment Management LLC trimmed its position in Visa Inc. (NYSE:V) by 0.6% during the fourth quarter, Holdings Channel.com reports. The firm owned 2,115,375 shares of the credit-card processor’s stock after selling 13,029 shares during the period. Visa accounts for approximately 1.6% of WCM Investment Management LLC’s holdings, making the stock its 26th largest position. WCM Investment Management LLC’s holdings in Visa were worth $666,999,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also modified their holdings of the company. Affiance Financial LLC lifted its position in Visa by 5.4% in the third quarter. Affiance Financial LLC now owns 954 shares of the credit-card processor’s stock valued at $262,000 after acquiring an additional 49 shares during the last quarter. Martin Capital Advisors LLP increased its position in shares of Visa by 0.6% during the third quarter. Martin Capital Advisors LLP now owns 11,221 shares of the credit-card processor’s stock worth $3,085,000 after purchasing an additional 66 shares in the last quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH lifted its holdings in shares of Visa by 1.0% in the 3rd quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH now owns 163,901 shares of the credit-card processor’s stock valued at $45,065,000 after purchasing an additional 1,575 shares during the last quarter. Thomasville National Bank boosted its position in shares of Visa by 3.6% in the 3rd quarter. Thomasville National Bank now owns 113,108 shares of the credit-card processor’s stock valued at $31,099,000 after purchasing an additional 3,903 shares during the period. Finally, Capricorn Fund Managers Ltd grew its stake in Visa by 75.7% during the 3rd quarter. Capricorn Fund Managers Ltd now owns 19,554 shares of the credit-card processor’s stock worth $5,376,000 after buying an additional 8,422 shares during the last quarter. 82.15% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Visa

In other Visa news, insider Paul D. Fabara sold 2,171 shares of the company’s stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $307.97, for a total value of $668,602.87. Following the transaction, the insider now directly owns 17,894 shares in the company, valued at approximately $5,510,815.18. This represents a 10.82 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Tullier Kelly Mahon sold 33,741 shares of Visa stock in a transaction dated Friday, February 7th. The stock was sold at an average price of $349.77, for a total transaction of $11,801,589.57. Following the sale, the insider now owns 36,566 shares of the company’s stock, valued at approximately $12,789,689.82. This trade represents a 47.99 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 58,056 shares of company stock worth $19,830,050. 0.13% of the stock is owned by insiders.

Visa Trading Up 0.9 %

NYSE:V opened at $351.26 on Tuesday. Visa Inc. has a 52-week low of $252.70 and a 52-week high of $351.90. The company has a quick ratio of 1.28, a current ratio of 1.12 and a debt-to-equity ratio of 0.45. The stock has a fifty day simple moving average of $321.08 and a 200-day simple moving average of $296.19. The company has a market capitalization of $652.56 billion, a PE ratio of 35.41, a price-to-earnings-growth ratio of 2.32 and a beta of 0.97.

Visa (NYSE:V) last announced its earnings results on Thursday, January 30th. The credit-card processor reported $2.75 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.66 by $0.09. Visa had a net margin of 54.27% and a return on equity of 54.79%. On average, equities research analysts expect that Visa Inc. will post 11.27 earnings per share for the current fiscal year.

Visa Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 3rd. Investors of record on Tuesday, February 11th will be paid a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a yield of 0.67%. The ex-dividend date is Tuesday, February 11th. Visa’s payout ratio is currently 23.79%.

Wall Street Analyst Weigh In

V has been the subject of a number of research reports. BMO Capital Markets boosted their price objective on Visa from $310.00 to $320.00 and gave the company an “outperform” rating in a research note on Wednesday, October 30th. William Blair reiterated an “outperform” rating on shares of Visa in a research report on Friday, January 31st. Seaport Res Ptn raised shares of Visa from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, January 14th. Citigroup upped their target price on shares of Visa from $354.00 to $393.00 and gave the company a “buy” rating in a report on Friday, January 31st. Finally, Mizuho raised their price target on Visa from $279.00 to $292.00 and gave the stock a “neutral” rating in a report on Friday, November 1st. Four analysts have rated the stock with a hold rating, twenty-five have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $354.73.

Visa 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.