Intech Investment Management LLC Sells 26,596 Shares of Visa Inc. $V

Intech Investment Management LLC lowered its stake in Visa Inc. (NYSE:VFree Report) by 26.8% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 72,774 shares of the credit-card processor’s stock after selling 26,596 shares during the period. Intech Investment Management LLC’s holdings in Visa were worth $24,844,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also added to or reduced their stakes in V. Catalyst Financial Partners LLC boosted its holdings in Visa by 1.5% in the third quarter. Catalyst Financial Partners LLC now owns 9,426 shares of the credit-card processor’s stock worth $3,218,000 after acquiring an additional 138 shares in the last quarter. Hager Investment Management Services LLC increased its holdings in shares of Visa by 10.1% during the third quarter. Hager Investment Management Services LLC now owns 6,008 shares of the credit-card processor’s stock valued at $2,051,000 after acquiring an additional 549 shares in the last quarter. Hurley Capital LLC raised its position in shares of Visa by 223.7% in the 3rd quarter. Hurley Capital LLC now owns 547 shares of the credit-card processor’s stock worth $187,000 after purchasing an additional 378 shares during the last quarter. Empirical Asset Management LLC boosted its stake in Visa by 244.7% in the 3rd quarter. Empirical Asset Management LLC now owns 15,787 shares of the credit-card processor’s stock worth $5,389,000 after purchasing an additional 11,207 shares in the last quarter. Finally, RWA Wealth Partners LLC grew its position in Visa by 1.5% during the 3rd quarter. RWA Wealth Partners LLC now owns 168,777 shares of the credit-card processor’s stock valued at $57,617,000 after purchasing an additional 2,501 shares during the last quarter. Hedge funds and other institutional investors own 82.15% of the company’s stock.

Visa Price Performance

Shares of V opened at $313.02 on Thursday. The firm has a fifty day simple moving average of $334.19 and a two-hundred day simple moving average of $338.39. The firm has a market cap of $568.18 billion, a PE ratio of 29.36, a P/E/G ratio of 1.76 and a beta of 0.79. 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 1-year low of $299.00 and a 1-year high of $375.51.

Visa (NYSE:VGet Free Report) last released its quarterly earnings results 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 firm 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 for the quarter was up 14.6% on a year-over-year basis. During the same period last year, the business posted $2.75 EPS. On average, equities analysts anticipate that Visa Inc. will post 11.3 EPS for the current year.

Visa Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 2nd. Shareholders of record on Tuesday, February 10th will be paid a dividend of $0.67 per share. This represents a $2.68 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date is Tuesday, February 10th. Visa’s payout ratio is currently 25.14%.

Insider Activity at Visa

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

Wall Street Analyst Weigh In

Several research analysts have issued reports on V shares. Robert W. Baird set a $425.00 target price on shares of Visa in a report on Wednesday, October 29th. Piper Sandler set a $160.00 price objective on shares of Visa in a report on Wednesday, January 28th. Bank of America raised Visa from a “neutral” rating to a “buy” rating and set a $382.00 price objective on the stock in a research report on Thursday, December 11th. Macquarie Infrastructure reissued an “outperform” rating and issued a $410.00 target price on shares of Visa in a report on Friday, January 30th. Finally, Morgan Stanley reaffirmed an “overweight” rating and set a $411.00 price target (up from $398.00) on shares of Visa in a report on Friday, January 30th. Seven research analysts have rated the stock with a Strong Buy rating, twenty have issued a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of $391.43.

View Our Latest Analysis on Visa

Visa News Summary

Here are the key news stories impacting Visa this week:

About Visa

(Free Report)

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.

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Institutional Ownership by Quarter for Visa (NYSE:V)

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