Bailard Inc. Trims Stake in Visa Inc (V)

Bailard Inc. trimmed its holdings in Visa Inc (NYSE:V) by 7.5% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 71,244 shares of the credit-card processor’s stock after selling 5,751 shares during the period. Bailard Inc.’s holdings in Visa were worth $9,400,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in V. Matthew Goff Investment Advisor LLC raised its holdings in Visa by 13,144.9% during the third quarter. Matthew Goff Investment Advisor LLC now owns 7,929,067 shares of the credit-card processor’s stock worth $59,865,000 after purchasing an additional 7,869,202 shares in the last quarter. Capital Research Global Investors raised its holdings in Visa by 3,913.7% during the third quarter. Capital Research Global Investors now owns 4,507,351 shares of the credit-card processor’s stock worth $676,508,000 after purchasing an additional 4,395,051 shares in the last quarter. Capital International Investors raised its holdings in Visa by 13.2% during the third quarter. Capital International Investors now owns 13,149,230 shares of the credit-card processor’s stock worth $1,973,568,000 after purchasing an additional 1,533,870 shares in the last quarter. Rehmann Capital Advisory Group raised its holdings in Visa by 15,021.0% during the third quarter. Rehmann Capital Advisory Group now owns 1,512,556 shares of the credit-card processor’s stock worth $10,077,000 after purchasing an additional 1,502,553 shares in the last quarter. Finally, FMR LLC raised its holdings in Visa by 1.7% during the third quarter. FMR LLC now owns 86,917,222 shares of the credit-card processor’s stock worth $13,045,406,000 after purchasing an additional 1,450,809 shares in the last quarter. 80.97% of the stock is owned by institutional investors and hedge funds.

V stock opened at $162.28 on Tuesday. The company has a market capitalization of $325.28 billion, a PE ratio of 35.20, a price-to-earnings-growth ratio of 1.83 and a beta of 1.00. Visa Inc has a 12 month low of $121.60 and a 12 month high of $165.74. The company has a current ratio of 1.62, a quick ratio of 1.50 and a debt-to-equity ratio of 0.58.

Visa (NYSE:V) last released its quarterly earnings results on Wednesday, April 24th. The credit-card processor reported $1.31 EPS for the quarter, beating the consensus estimate of $1.24 by $0.07. The business had revenue of $5.49 billion for the quarter, compared to analyst estimates of $5.46 billion. Visa had a net margin of 51.34% and a return on equity of 40.56%. The company’s quarterly revenue was up 8.3% on a year-over-year basis. During the same period in the prior year, the business earned $1.11 earnings per share. Equities analysts anticipate that Visa Inc will post 5.38 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 4th. Stockholders of record on Friday, May 17th will be given a $0.25 dividend. The ex-dividend date is Thursday, May 16th. This represents a $1.00 annualized dividend and a dividend yield of 0.62%. Visa’s dividend payout ratio is presently 21.69%.

A number of brokerages have issued reports on V. Cantor Fitzgerald reaffirmed a “buy” rating and issued a $181.00 target price on shares of Visa in a report on Sunday, April 28th. Raymond James reaffirmed an “outperform” rating and issued a $152.00 target price (down from $167.00) on shares of Visa in a report on Thursday, January 31st. Wedbush increased their target price on shares of Visa from $150.00 to $162.00 and gave the company an “outperform” rating in a report on Thursday, March 14th. Morgan Stanley increased their target price on shares of Visa from $173.00 to $175.00 and gave the company an “overweight” rating in a report on Thursday, April 25th. Finally, Jefferies Financial Group increased their target price on shares of Visa from $170.00 to $175.00 and gave the company a “buy” rating in a report on Monday, March 25th. One analyst has rated the stock with a hold rating and twenty-five have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $176.67.

In related news, EVP William M. Sheedy sold 75,676 shares of the firm’s stock in a transaction that occurred on Tuesday, April 30th. The shares were sold at an average price of $165.24, for a total transaction of $12,504,702.24. Following the sale, the executive vice president now owns 300,114 shares in the company, valued at $49,590,837.36. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Vice Chairman Ellen Richey sold 81,005 shares of the firm’s stock in a transaction that occurred on Thursday, February 7th. The stock was sold at an average price of $139.99, for a total transaction of $11,339,889.95. The disclosure for this sale can be found here. Insiders sold 269,207 shares of company stock worth $41,302,652 over the last quarter. Company insiders own 0.17% of the company’s stock.

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Visa Company Profile

Visa Inc operates as a payments technology company worldwide. The company facilitates commerce through the transfer of value and information among consumers, merchants, financial institutions, businesses, strategic partners, and government entities. It operates VisaNet, a processing network that enables authorization, clearing, and settlement of payment transactions; and offers fraud protection for account holders and assured payment for merchants.

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Institutional Ownership by Quarter for Visa (NYSE:V)

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