Mawer Investment Management Ltd. raised its stake in shares of Visa Inc. (NYSE:V) by 3.4% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 3,276,692 shares of the credit-card processor’s stock after acquiring an additional 106,250 shares during the period. Visa makes up 4.2% of Mawer Investment Management Ltd.’s investment portfolio, making the stock its 4th biggest holding. Mawer Investment Management Ltd. owned 0.17% of Visa worth $716,686,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also modified their holdings of the company. Princeton Global Asset Management LLC raised its stake in shares of Visa by 2.6% during the 4th quarter. Princeton Global Asset Management LLC now owns 23,857 shares of the credit-card processor’s stock worth $5,218,000 after buying an additional 604 shares in the last quarter. Wellington Shields & Co. LLC raised its stake in shares of Visa by 0.6% during the 4th quarter. Wellington Shields & Co. LLC now owns 8,833 shares of the credit-card processor’s stock worth $1,932,000 after buying an additional 57 shares in the last quarter. GVO Asset Management Ltd purchased a new position in shares of Visa during the 4th quarter worth approximately $5,386,000. NBW Capital LLC raised its stake in shares of Visa by 102.5% during the 4th quarter. NBW Capital LLC now owns 13,773 shares of the credit-card processor’s stock worth $3,013,000 after buying an additional 6,972 shares in the last quarter. Finally, SeaCrest Wealth Management LLC raised its stake in shares of Visa by 6.6% during the 4th quarter. SeaCrest Wealth Management LLC now owns 18,570 shares of the credit-card processor’s stock worth $4,062,000 after buying an additional 1,144 shares in the last quarter. 80.50% of the stock is owned by institutional investors and hedge funds.

In other Visa news, President Ryan Mcinerney sold 11,193 shares of the firm’s stock in a transaction dated Monday, February 8th. The stock was sold at an average price of $210.00, for a total value of $2,350,530.00. Following the transaction, the president now directly owns 11,193 shares of the company’s stock, valued at $2,350,530. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO James H. Hoffmeister sold 2,157 shares of the firm’s stock in a transaction dated Wednesday, December 2nd. The shares were sold at an average price of $208.87, for a total value of $450,532.59. The disclosure for this sale can be found here. Insiders sold 82,398 shares of company stock worth $17,896,223 over the last three months. 0.19% of the stock is currently owned by corporate insiders.

A number of equities research analysts recently weighed in on V shares. BMO Capital Markets lowered their price target on Visa from $210.00 to $204.00 and set an “outperform” rating on the stock in a report on Thursday, October 29th. Raymond James lowered their price target on Visa from $217.00 to $211.00 and set an “outperform” rating on the stock in a report on Thursday, October 29th. Wells Fargo & Company upped their price target on Visa from $210.00 to $240.00 and gave the stock an “overweight” rating in a report on Thursday, November 19th. Morgan Stanley upped their price target on Visa from $218.00 to $233.00 and gave the stock an “overweight” rating in a report on Wednesday, January 20th. Finally, Oppenheimer restated a “buy” rating and issued a $212.00 price target (down previously from $233.00) on shares of Visa in a report on Thursday, October 29th. Five research analysts have rated the stock with a hold rating and twenty-four have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $222.64.

Shares of V traded up $2.41 during trading hours on Tuesday, hitting $210.73. The stock had a trading volume of 173,215 shares, compared to its average volume of 10,284,387. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.91 and a current ratio of 1.91. The firm has a market cap of $411.41 billion, a P/E ratio of 42.58, a P/E/G ratio of 3.80 and a beta of 0.96. The company’s fifty day simple moving average is $205.99 and its 200 day simple moving average is $204.63. Visa Inc. has a 12-month low of $133.93 and a 12-month high of $220.39.

Visa (NYSE:V) last issued its earnings results on Thursday, January 28th. The credit-card processor reported $1.42 earnings per share for the quarter, topping the consensus estimate of $1.28 by $0.14. The business had revenue of $5.69 billion for the quarter, compared to analyst estimates of $5.52 billion. Visa had a return on equity of 37.22% and a net margin of 49.74%. The business’s quarterly revenue was down 6.1% on a year-over-year basis. During the same period last year, the company posted $1.46 EPS. As a group, sell-side analysts predict that Visa Inc. will post 5.45 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Monday, March 1st. Investors of record on Friday, February 12th will be given a $0.32 dividend. This represents a $1.28 annualized dividend and a dividend yield of 0.61%. The ex-dividend date is Thursday, February 11th. Visa’s dividend payout ratio (DPR) is currently 25.40%.

About Visa

Visa Inc operates as a payments technology company worldwide. The company facilitates digital payments among consumers, merchants, financial institutions, businesses, strategic partners, and government entities. It operates VisaNet, a transaction processing network that enables authorization, clearing, and settlement of payment transactions.

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Institutional Ownership by Quarter for Visa (NYSE:V)

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