NS Partners Ltd Sells 9,070 Shares of Visa Inc. $V

NS Partners Ltd trimmed its holdings in shares of Visa Inc. (NYSE:V) by 6.0% in the 2nd quarter, Holdings Channel.com reports. The firm owned 143,029 shares of the credit-card processor’s stock after selling 9,070 shares during the period. Visa makes up approximately 2.1% of NS Partners Ltd’s portfolio, making the stock its 13th largest holding. NS Partners Ltd’s holdings in Visa were worth $49,072,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. XXEC Inc. raised its stake in shares of Visa by 153,118.8% in the second quarter. XXEC Inc. now owns 186,260,448 shares of the credit-card processor’s stock worth $63,904,097,000 after purchasing an additional 186,138,883 shares during the last quarter. Norges Bank purchased a new stake in shares of Visa during the fourth quarter valued at $5,877,738,000. Cardano Risk Management B.V. increased its holdings in Visa by 867.6% in the 4th quarter. Cardano Risk Management B.V. now owns 8,213,610 shares of the credit-card processor’s stock worth $2,880,595,000 after buying an additional 7,364,762 shares in the last quarter. Diamant Asset Management Inc. increased its holdings in Visa by 29,706.3% in the 1st quarter. Diamant Asset Management Inc. now owns 7,332,947 shares of the credit-card processor’s stock worth $2,216,310,000 after buying an additional 7,308,345 shares in the last quarter. Finally, Jupiter Topco LLC purchased a new position in Visa in the 2nd quarter worth about $1,435,262,000. 82.15% of the stock is owned by institutional investors.

Insider Transactions at Visa

In other news, General Counsel Julie B. Rottenberg sold 2,027 shares of the firm’s stock in a transaction on Thursday, July 2nd. The shares were sold at an average price of $360.00, for a total transaction of $729,720.00. Following the sale, the general counsel directly owned 18,404 shares in the company, valued at $6,625,440. This trade represents a 9.92% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Tullier Kelly Mahon sold 57,272 shares of the company’s stock in a transaction on Thursday, July 30th. The stock was sold at an average price of $364.97, for a total transaction of $20,902,561.84. Following the completion of the transaction, the insider directly owned 49,662 shares of the company’s stock, valued at $18,125,140.14. This represents a 53.56% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 96,634 shares of company stock valued at $34,537,016 over the last three months. Corporate insiders own 0.12% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have issued reports on V shares. Wolfe Research restated an “outperform” rating and set a $460.00 target price (up from $435.00) on shares of Visa in a research note on Tuesday, August 25th. BNP Paribas Exane raised shares of Visa to a “strong-buy” rating in a report on Tuesday, July 21st. Cantor Fitzgerald set a $445.00 price objective on shares of Visa and gave the company an “overweight” rating in a research report on Monday, August 3rd. Clear Str upgraded shares of Visa to a “strong-buy” rating in a report on Thursday, July 16th. Finally, Erste Group Bank raised shares of Visa from a “hold” rating to a “buy” rating in a research report on Monday, July 27th. Seven analysts have rated the stock with a Strong Buy rating and twenty-four have issued a Buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Buy” and an average target price of $416.62.

Visa Stock Down 0.6%

Shares of V stock opened at $379.17 on Tuesday. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.60. Visa Inc. has a 12 month low of $293.89 and a 12 month high of $385.57. The stock has a market cap of $676.60 billion, a P/E ratio of 32.24, a P/E/G ratio of 2.04 and a beta of 0.74. The company has a 50 day simple moving average of $360.10 and a two-hundred day simple moving average of $331.83.

Visa (NYSE:V) last announced its earnings results on Tuesday, July 28th. The credit-card processor reported $3.32 EPS for the quarter, topping analysts’ consensus estimates of $3.23 by $0.09. Visa had a return on equity of 67.68% and a net margin of 50.78%.The company had revenue of $11.63 billion for the quarter, compared to analysts’ expectations of $11.40 billion. During the same period last year, the firm earned $2.98 EPS. Visa’s revenue for the quarter was up 14.4% compared to the same quarter last year. On average, research analysts expect that Visa Inc. will post 13.16 earnings per share for the current year.

Visa Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Tuesday, August 11th will be given a $0.67 dividend. This represents a $2.68 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date is Tuesday, August 11th. Visa’s dividend payout ratio is presently 22.79%.

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.