IQ EQ FUND MANAGEMENT IRELAND Ltd Sells 3,064 Shares of Visa Inc. $V

IQ EQ FUND MANAGEMENT IRELAND Ltd lowered its holdings in Visa Inc. (NYSE:V) by 8.3% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 34,056 shares of the credit-card processor’s stock after selling 3,064 shares during the quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd’s holdings in Visa were worth $11,626,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Transcendent Capital Group LLC boosted its holdings in shares of Visa by 2.9% in the 2nd quarter. Transcendent Capital Group LLC now owns 1,013 shares of the credit-card processor’s stock valued at $360,000 after buying an additional 29 shares in the last quarter. Insight Wealth Strategies LLC raised its stake in shares of Visa by 1.6% during the 3rd quarter. Insight Wealth Strategies LLC now owns 1,875 shares of the credit-card processor’s stock worth $640,000 after acquiring an additional 29 shares in the last quarter. Old Port Advisors lifted its position in Visa by 0.9% during the third quarter. Old Port Advisors now owns 3,423 shares of the credit-card processor’s stock valued at $1,169,000 after acquiring an additional 29 shares during the last quarter. Interchange Capital Partners LLC boosted its stake in Visa by 0.5% in the second quarter. Interchange Capital Partners LLC now owns 6,413 shares of the credit-card processor’s stock valued at $2,276,000 after acquiring an additional 30 shares in the last quarter. Finally, Carr Financial Group Corp grew its holdings in Visa by 2.4% in the third quarter. Carr Financial Group Corp now owns 1,290 shares of the credit-card processor’s stock worth $440,000 after purchasing an additional 30 shares during the last quarter. 82.15% of the stock is currently owned by institutional investors.

Insider Activity

In related news, CEO Ryan Mcinerney sold 10,485 shares of Visa stock in a transaction that occurred on Friday, January 2nd. The stock was sold at an average price of $349.18, for a total transaction of $3,661,152.30. Following the completion of the transaction, the chief executive officer directly owned 9,401 shares in the company, valued at approximately $3,282,641.18. This trade represents a 52.73% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Paul D. Fabara sold 2,172 shares of the business’s stock in a transaction on Friday, November 21st. The shares were sold at an average price of $325.93, for a total transaction of $707,919.96. Following the completion of the transaction, the insider owned 26,413 shares of the company’s stock, valued at approximately $8,608,789.09. This represents a 7.60% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.12% of the stock is owned by company insiders.

Visa Stock Down 0.3%

Shares of V stock opened at $329.05 on Friday. Visa Inc. has a fifty-two week low of $299.00 and a fifty-two week high of $375.51. The firm has a market capitalization of $599.43 billion, a PE ratio of 30.87, a P/E/G ratio of 1.89 and a beta of 0.79. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.08 and a current ratio of 1.11. The stock’s 50-day simple moving average is $338.56 and its 200-day simple moving average is $341.08.

Visa (NYSE:V) last issued its earnings results on Thursday, January 29th. The credit-card processor reported $3.17 EPS for the quarter, beating analysts’ consensus estimates of $3.14 by $0.03. Visa had a return on equity of 61.74% and a net margin of 50.23%.The firm had revenue of $10.90 billion for the quarter, compared to analyst estimates of $10.69 billion. During the same quarter in the prior year, the firm earned $2.75 earnings per share. Visa’s revenue for the quarter was up 14.6% on a year-over-year basis. Equities analysts expect that Visa Inc. will post 11.3 earnings per share for the current year.

Visa Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 2nd. Shareholders of record on Tuesday, February 10th will be issued a $0.67 dividend. This represents a $2.68 annualized dividend and a yield of 0.8%. The ex-dividend date of this dividend is Tuesday, February 10th. Visa’s dividend payout ratio is presently 25.14%.

Wall Street Analysts Forecast Growth

V has been the subject of several analyst reports. Citigroup upgraded Visa to a “strong-buy” rating in a report on Thursday, October 23rd. Wells Fargo & Company upgraded Visa to a “strong-buy” rating in a research note on Wednesday, October 22nd. Cantor Fitzgerald raised Visa to a “strong-buy” rating in a report on Tuesday, January 27th. Morgan Stanley restated an “overweight” rating and set a $411.00 price target (up previously from $398.00) on shares of Visa in a research note on Friday, January 30th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Visa in a research report on Wednesday, January 21st. Six equities research analysts have rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, Visa currently has a consensus rating of “Buy” and an average price target of $392.00.

Visa Profile

Visa Inc is a global payments technology company that facilitates electronic funds transfers and digital commerce by connecting consumers, merchants, financial institutions and governments. The firm operates one of the world’s largest payment networks, providing processing, authorization, clearing and settlement services for credit, debit and prepaid card transactions. Visa’s network-based model enables partner banks and other issuers to offer branded payment products while Visa focuses on the infrastructure, standards and technologies that move money securely and efficiently around the world.

Visa’s product and service portfolio includes card-based payment products for consumers and businesses, real-time push-payment capabilities, tokenization and authentication services, fraud and risk-management tools, data analytics and APIs for fintech and merchant integration.