Geneva Capital Management LLC Decreases Position in Visa Inc. (NYSE:V)

Geneva Capital Management LLC lessened its holdings in Visa Inc. (NYSE:V) by 4.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 12,286 shares of the credit-card processor’s stock after selling 616 shares during the quarter. Geneva Capital Management LLC’s holdings in Visa were worth $3,199,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in the business. Trifecta Capital Advisors LLC boosted its stake in shares of Visa by 2.7% during the 3rd quarter. Trifecta Capital Advisors LLC now owns 20,176 shares of the credit-card processor’s stock valued at $4,641,000 after purchasing an additional 536 shares in the last quarter. Apexium Financial LP boosted its stake in shares of Visa by 12.4% during the 3rd quarter. Apexium Financial LP now owns 3,722 shares of the credit-card processor’s stock valued at $856,000 after purchasing an additional 412 shares in the last quarter. Jackson Square Capital LLC boosted its stake in shares of Visa by 2.6% during the 3rd quarter. Jackson Square Capital LLC now owns 23,538 shares of the credit-card processor’s stock valued at $5,414,000 after purchasing an additional 601 shares in the last quarter. SevenBridge Financial Group LLC boosted its stake in shares of Visa by 10.3% during the 3rd quarter. SevenBridge Financial Group LLC now owns 13,868 shares of the credit-card processor’s stock valued at $3,190,000 after purchasing an additional 1,299 shares in the last quarter. Finally, Snider Financial Group boosted its stake in shares of Visa by 5.3% during the 3rd quarter. Snider Financial Group now owns 7,610 shares of the credit-card processor’s stock valued at $1,750,000 after purchasing an additional 385 shares in the last quarter. Hedge funds and other institutional investors own 82.15% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on V shares. Barclays lifted their price target on shares of Visa from $304.00 to $319.00 and gave the company an “overweight” rating in a research report on Monday, January 29th. Macquarie lifted their price target on shares of Visa from $290.00 to $300.00 and gave the company an “outperform” rating in a research report on Wednesday, April 24th. Robert W. Baird lifted their price target on shares of Visa from $314.00 to $320.00 and gave the company an “outperform” rating in a research report on Wednesday, April 17th. Keefe, Bruyette & Woods lifted their price target on shares of Visa from $305.00 to $315.00 and gave the company an “outperform” rating in a research report on Friday, January 26th. Finally, Susquehanna lifted their target price on shares of Visa from $300.00 to $326.00 and gave the stock a “positive” rating in a report on Friday, January 26th. Five equities research analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Visa currently has an average rating of “Moderate Buy” and an average target price of $303.00.

Visa Stock Performance

NYSE V traded up $1.71 during trading hours on Friday, hitting $280.25. 921,785 shares of the company’s stock traded hands, compared to its average volume of 5,898,794. The business’s fifty day moving average price is $277.64 and its two-hundred day moving average price is $266.44. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 0.53. The firm has a market capitalization of $512.56 billion, a P/E ratio of 31.14, a P/E/G ratio of 1.84 and a beta of 0.95. Visa Inc. has a 52 week low of $216.14 and a 52 week high of $290.96.

Visa (NYSE:V) last posted its quarterly earnings results on Tuesday, April 23rd. The credit-card processor reported $2.51 earnings per share for the quarter, topping analysts’ consensus estimates of $2.43 by $0.08. The business had revenue of $8.78 billion during the quarter, compared to analyst estimates of $8.62 billion. Visa had a net margin of 53.87% and a return on equity of 51.23%. The company’s revenue was up 9.9% on a year-over-year basis. During the same period in the prior year, the business posted $2.09 earnings per share. Equities research analysts predict that Visa Inc. will post 9.94 EPS for the current year.

Visa Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 3rd. Shareholders of record on Friday, May 17th will be given a $0.52 dividend. The ex-dividend date of this dividend is Thursday, May 16th. This represents a $2.08 dividend on an annualized basis and a dividend yield of 0.74%. Visa’s payout ratio is currently 23.24%.

Insiders Place Their Bets

In related news, Director Lloyd Carney sold 909 shares of the company’s stock in a transaction on Friday, April 26th. The shares were sold at an average price of $275.55, for a total transaction of $250,474.95. Following the completion of the transaction, the director now owns 2,591 shares in the company, valued at $713,950.05. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, CEO Ryan Mcinerney sold 8,200 shares of the company’s stock in a transaction on Monday, April 1st. The shares were sold at an average price of $280.36, for a total transaction of $2,298,952.00. Following the sale, 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 SEC, which is available through the SEC website. Also, Director Lloyd Carney sold 909 shares of the company’s stock in a transaction on Friday, April 26th. The shares were sold at an average price of $275.55, for a total transaction of $250,474.95. Following the sale, the director now directly owns 2,591 shares in the company, valued at approximately $713,950.05. The disclosure for this sale can be found here. Company insiders own 0.19% of the company’s stock.

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.