Visa Inc. $V Stock Holdings Cut by Sands Capital Management LLC

Sands Capital Management LLC reduced its position in shares of Visa Inc. (NYSE:V) by 0.1% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 4,027,033 shares of the credit-card processor’s stock after selling 3,071 shares during the quarter. Visa accounts for approximately 3.8% of Sands Capital Management LLC’s holdings, making the stock its 5th biggest position. Sands Capital Management LLC owned about 0.22% of Visa worth $1,374,749,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. DE Burlo Group Inc. raised its position in Visa by 1.4% in the third quarter. DE Burlo Group Inc. now owns 23,648 shares of the credit-card processor’s stock worth $8,073,000 after acquiring an additional 321 shares during the period. Brentview Investment Management LLC boosted its stake in shares of Visa by 3.6% during the 3rd quarter. Brentview Investment Management LLC now owns 15,725 shares of the credit-card processor’s stock worth $5,368,000 after acquiring an additional 540 shares during the last quarter. Silvant Capital Management LLC grew its position in shares of Visa by 2.4% during the 3rd quarter. Silvant Capital Management LLC now owns 249,492 shares of the credit-card processor’s stock valued at $85,172,000 after acquiring an additional 5,790 shares during the period. Quadrant Capital Group LLC grew its position in shares of Visa by 2.5% during the 3rd quarter. Quadrant Capital Group LLC now owns 46,221 shares of the credit-card processor’s stock valued at $15,779,000 after acquiring an additional 1,115 shares during the period. Finally, Tsai Capital Corp increased its stake in shares of Visa by 0.9% in the 3rd quarter. Tsai Capital Corp now owns 9,868 shares of the credit-card processor’s stock worth $3,369,000 after purchasing an additional 87 shares in the last quarter. Hedge funds and other institutional investors own 82.15% of the company’s stock.

Insider Transactions at Visa

In related news, CEO Ryan Mcinerney sold 10,485 shares of the company’s stock in a transaction 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 sale, the chief executive officer owned 9,401 shares of the company’s stock, valued at $3,282,641.18. This represents a 52.73% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.12% of the stock is currently owned by insiders.

Visa Price Performance

Shares of Visa stock opened at $314.44 on Wednesday. The firm has a market cap of $570.77 billion, a PE ratio of 29.50, a PEG ratio of 1.81 and a beta of 0.78. The stock has a 50 day moving average of $328.02 and a 200 day moving average of $336.81. 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 Inc. has a 12 month low of $299.00 and a 12 month high of $375.51.

Visa (NYSE:V) last released its quarterly earnings data on Thursday, January 29th. The credit-card processor reported $3.17 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.14 by $0.03. The business had revenue of $10.90 billion for the quarter, compared to the consensus estimate of $10.69 billion. Visa had a return on equity of 61.74% and a net margin of 50.23%.The company’s revenue was up 14.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.75 EPS. On average, research analysts expect that Visa Inc. will post 11.3 EPS for the current fiscal year.

Visa Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 2nd. Investors of record on Tuesday, February 10th were given a $0.67 dividend. This represents a $2.68 annualized dividend and a yield of 0.9%. The ex-dividend date was Tuesday, February 10th. Visa’s payout ratio is currently 25.14%.

Analysts Set New Price Targets

A number of brokerages recently commented on V. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Visa in a report on Wednesday, January 21st. Cantor Fitzgerald upgraded Visa to a “strong-buy” rating in a research report on Tuesday, January 27th. Freedom Capital raised Visa from a “hold” rating to a “strong-buy” rating in a research note on Monday, February 16th. Daiwa Securities Group raised Visa from a “neutral” rating to an “outperform” rating and set a $370.00 price objective on the stock in a research report on Monday, February 2nd. Finally, Evercore set a $380.00 price objective on Visa in a research note on Friday, December 12th. Seven analysts have rated the stock with a Strong Buy rating, twenty have issued a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Buy” and an average target price of $392.65.

Visa Company 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.