Visa Inc. (NYSE:V) Shares Bought by Main Street Research LLC

Main Street Research LLC raised its holdings in shares of Visa Inc. (NYSE:V) by 20.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 151,597 shares of the credit-card processor’s stock after buying an additional 25,414 shares during the quarter. Visa comprises 3.2% of Main Street Research LLC’s investment portfolio, making the stock its 8th largest holding. Main Street Research LLC’s holdings in Visa were worth $39,468,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of V. BCK Partners Inc. acquired a new position in shares of Visa in the first quarter valued at $2,717,000. Markel Corp grew its position in Visa by 0.3% in the first quarter. Markel Corp now owns 961,105 shares of the credit-card processor’s stock valued at $213,144,000 after acquiring an additional 3,065 shares during the period. AMI Investment Management Inc. bought a new stake in Visa in the first quarter valued at $2,323,000. Ergoteles LLC bought a new stake in Visa in the first quarter valued at $538,000. Finally, XTX Topco Ltd bought a new stake in Visa in the first quarter valued at $1,496,000. 82.15% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the company. Robert W. Baird upped their price target on Visa from $314.00 to $320.00 and gave the company an “outperform” rating in a research report on Wednesday. Evercore ISI upped their price target on Visa from $325.00 to $335.00 and gave the company an “outperform” rating in a research report on Tuesday, March 26th. Susquehanna upped their price target on Visa from $300.00 to $326.00 and gave the company a “positive” rating in a research report on Friday, January 26th. Redburn Atlantic reiterated a “neutral” rating and issued a $307.00 price target on shares of Visa in a research report on Wednesday, March 27th. Finally, UBS Group increased their target price on Visa from $305.00 to $315.00 and gave the stock a “buy” rating in a report on Friday, January 26th. Five equities research analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $298.43.

Visa Price Performance

Visa stock opened at $272.69 on Thursday. The business’s 50-day simple moving average is $279.80 and its 200 day simple moving average is $262.56. The stock has a market cap of $500.80 billion, a price-to-earnings ratio of 31.38, a P/E/G ratio of 1.87 and a beta of 0.96. Visa Inc. has a 12-month low of $216.14 and a 12-month high of $290.96. The company has a quick ratio of 1.45, a current ratio of 1.45 and a debt-to-equity ratio of 0.54.

Visa (NYSE:V) last released its earnings results on Thursday, January 25th. The credit-card processor reported $2.41 earnings per share for the quarter, beating the consensus estimate of $2.34 by $0.07. Visa had a return on equity of 50.02% and a net margin of 53.92%. The firm had revenue of $8.63 billion for the quarter, compared to analyst estimates of $8.55 billion. During the same quarter in the prior year, the firm posted $2.18 earnings per share. The company’s quarterly revenue was up 9.3% on a year-over-year basis. As a group, research analysts anticipate that Visa Inc. will post 9.88 earnings per share for the current year.

Visa Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 1st. Shareholders of record on Friday, February 9th were paid a $0.52 dividend. This represents a $2.08 annualized dividend and a yield of 0.76%. The ex-dividend date of this dividend was Thursday, February 8th. Visa’s payout ratio is 23.94%.

Insider Buying and Selling at Visa

In other Visa news, CEO Ryan Mcinerney sold 8,200 shares of the stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $280.36, for a total value of $2,298,952.00. Following the transaction, the chief executive officer now owns 538 shares of the company’s stock, valued at $150,833.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other news, CAO Peter M. Andreski sold 2,615 shares of the firm’s stock in a transaction dated Wednesday, February 7th. The stock was sold at an average price of $278.88, for a total transaction of $729,271.20. Following the sale, the chief accounting officer now owns 4,898 shares of the company’s stock, valued at $1,365,954.24. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Ryan Mcinerney sold 8,200 shares of the firm’s stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $280.36, for a total value of $2,298,952.00. Following the sale, the chief executive officer now directly owns 538 shares in the company, valued at approximately $150,833.68. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 55,511 shares of company stock valued at $15,131,081. 0.19% of the stock is currently owned by company insiders.

Visa Profile

Visa Inc operates as a payment technology company in the United States and internationally. The company operates VisaNet, a transaction processing network that enables authorization, clearing, and settlement of payment transactions. It also offers credit, debit, and prepaid card products; tap to pay, tokenization, and click to pay services; Visa Direct, a solution that facilitates the delivery of funds to eligible cards, deposit accounts, and digital wallets; Visa B2B Connect, a multilateral business-to-business cross-border payments network; Visa Cross-Border Solution, a cross-border consumer payments solution; and Visa DPS that provides a range of value-added services, including fraud mitigation, dispute management, data analytics, campaign management, a suite of digital solutions, and contact center services.