Visa Inc. (NYSE:V) Stake Lowered by Wisconsin Capital Management LLC

Wisconsin Capital Management LLC lessened its position in shares of Visa Inc. (NYSE:V) by 6.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 29,591 shares of the credit-card processor’s stock after selling 2,065 shares during the quarter. Visa comprises 5.1% of Wisconsin Capital Management LLC’s portfolio, making the stock its 5th biggest holding. Wisconsin Capital Management LLC’s holdings in Visa were worth $9,352,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. Potomac Fund Management Inc. ADV bought a new stake in shares of Visa in the 4th quarter worth about $328,000. Alliance Wealth Management Group purchased a new position in Visa in the fourth quarter worth about $210,000. OV Management LLC increased its stake in Visa by 6.9% during the fourth quarter. OV Management LLC now owns 15,261 shares of the credit-card processor’s stock worth $4,823,000 after acquiring an additional 986 shares during the last quarter. Trexquant Investment LP raised its position in Visa by 1,251.8% during the fourth quarter. Trexquant Investment LP now owns 104,047 shares of the credit-card processor’s stock valued at $32,883,000 after purchasing an additional 96,350 shares during the period. Finally, May Hill Capital LLC bought a new stake in shares of Visa in the 4th quarter valued at approximately $786,000. Institutional investors own 82.15% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on V. Barclays increased their price target on Visa from $361.00 to $396.00 and gave the company an “overweight” rating in a report on Monday, February 3rd. Keefe, Bruyette & Woods reissued a “hold” rating on shares of Visa in a research note on Thursday, February 13th. Wells Fargo & Company lifted their price target on shares of Visa from $360.00 to $395.00 and gave the stock an “overweight” rating in a research note on Friday, January 31st. Morgan Stanley increased their price objective on shares of Visa from $326.00 to $371.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 18th. Finally, Citigroup reissued a “neutral” rating on shares of Visa in a research note on Thursday, February 13th. Five equities research analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Visa presently has a consensus rating of “Moderate Buy” and an average price target of $355.84.

Visa Stock Down 1.0 %

Visa stock opened at $346.80 on Wednesday. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.45. The firm has a market cap of $644.28 billion, a P/E ratio of 34.96, a P/E/G ratio of 2.33 and a beta of 0.95. The business has a fifty day moving average of $344.68 and a two-hundred day moving average of $316.37. Visa Inc. has a twelve month low of $252.70 and a twelve month high of $366.54.

Visa (NYSE:V) last issued its quarterly earnings data on Thursday, January 30th. The credit-card processor reported $2.75 earnings per share for the quarter, topping analysts’ consensus estimates of $2.66 by $0.09. Visa had a return on equity of 54.79% and a net margin of 54.27%. On average, analysts forecast that Visa Inc. will post 11.3 earnings per share for the current fiscal year.

Visa Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Tuesday, February 11th were paid a dividend of $0.59 per share. The ex-dividend date was Tuesday, February 11th. This represents a $2.36 annualized dividend and a dividend yield of 0.68%. Visa’s dividend payout ratio (DPR) is presently 23.79%.

Insider Buying and Selling at Visa

In other Visa news, CAO Peter M. Andreski sold 2,332 shares of the company’s stock in a transaction that occurred on Friday, February 7th. The shares were sold at an average price of $349.62, for a total transaction of $815,313.84. Following the transaction, the chief accounting officer now owns 4,488 shares in the company, valued at approximately $1,569,094.56. This represents a 34.19 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Ryan Mcinerney sold 8,620 shares of the firm’s stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $317.78, for a total transaction of $2,739,263.60. The disclosure for this sale can be found here. Insiders sold a total of 143,205 shares of company stock worth $48,560,961 over the last three months. Corporate insiders own 0.13% 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.