Fisher Asset Management LLC Has $2.51 Billion Stock Holdings in Visa Inc. $V

Fisher Asset Management LLC increased its holdings in shares of Visa Inc. (NYSE:V) by 1.4% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,359,223 shares of the credit-card processor’s stock after buying an additional 98,902 shares during the quarter. Visa accounts for approximately 0.9% of Fisher Asset Management LLC’s holdings, making the stock its 29th biggest position. Fisher Asset Management LLC owned approximately 0.40% of Visa worth $2,512,292,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of V. Sagard Holdings Management Inc. acquired a new position in Visa during the second quarter valued at approximately $31,000. Bare Financial Services Inc lifted its stake in shares of Visa by 287.0% in the second quarter. Bare Financial Services Inc now owns 89 shares of the credit-card processor’s stock worth $32,000 after buying an additional 66 shares during the last quarter. Winnow Wealth LLC bought a new stake in shares of Visa during the 2nd quarter worth $40,000. Decker Retirement Planning Inc. acquired a new position in Visa in the 2nd quarter valued at $41,000. Finally, Moisand Fitzgerald Tamayo LLC grew its stake in Visa by 344.8% in the 3rd quarter. Moisand Fitzgerald Tamayo LLC now owns 129 shares of the credit-card processor’s stock valued at $44,000 after buying an additional 100 shares during the last quarter. Hedge funds and other institutional investors own 82.15% of the company’s stock.

Wall Street Analysts Forecast Growth

V has been the subject of a number of research analyst reports. Morgan Stanley reissued an “overweight” rating and set a $411.00 target price (up from $398.00) on shares of Visa in a research report on Friday, January 30th. Rothschild & Co Redburn set a $385.00 price objective on shares of Visa in a report on Wednesday, January 28th. Cantor Fitzgerald raised shares of Visa to a “strong-buy” rating in a research note on Tuesday, January 27th. Truist Financial set a $372.00 price objective on shares of Visa in a report on Tuesday, February 10th. Finally, Freedom Capital upgraded shares of Visa from a “hold” rating to a “strong-buy” rating in a research note on Monday, February 16th. Seven equities research analysts have rated the stock with a Strong Buy rating, twenty have given a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and an average price target of $391.43.

Insider Transactions at Visa

In other news, CEO Ryan Mcinerney sold 10,485 shares of Visa stock in a transaction that occurred on Friday, January 2nd. The shares were sold at an average price of $349.18, for a total transaction of $3,661,152.30. Following the completion of the sale, the chief executive officer owned 9,401 shares in the company, valued at $3,282,641.18. The trade was a 52.73% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.12% of the stock is currently owned by corporate insiders.

Visa Trading Up 0.7%

Shares of NYSE V opened at $319.07 on Monday. Visa Inc. has a 1-year low of $299.00 and a 1-year high of $375.51. The company has a 50-day moving average of $333.00 and a two-hundred day moving average of $338.09. The company has a market cap of $579.17 billion, a PE ratio of 29.93, a P/E/G ratio of 1.83 and a beta of 0.78. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.51.

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

Visa Dividend Announcement

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

About Visa

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.