Visa Inc. (NYSE:V) Stake Lifted by Prevatt Capital Ltd

Prevatt Capital Ltd raised its stake in Visa Inc. (NYSE:V) by 62.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 65,000 shares of the credit-card processor’s stock after purchasing an additional 25,000 shares during the quarter. Visa comprises about 5.9% of Prevatt Capital Ltd’s investment portfolio, making the stock its 10th biggest position. Prevatt Capital Ltd’s holdings in Visa were worth $20,543,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently added to or reduced their stakes in the company. Hirtle Callaghan & Co LLC grew its stake in Visa by 1.3% during the fourth quarter. Hirtle Callaghan & Co LLC now owns 2,291 shares of the credit-card processor’s stock valued at $724,000 after acquiring an additional 29 shares in the last quarter. FWL Investment Management LLC grew its stake in Visa by 0.5% during the fourth quarter. FWL Investment Management LLC now owns 6,344 shares of the credit-card processor’s stock valued at $2,005,000 after acquiring an additional 29 shares in the last quarter. Elevation Wealth Partners LLC grew its stake in Visa by 3.3% during the fourth quarter. Elevation Wealth Partners LLC now owns 939 shares of the credit-card processor’s stock valued at $297,000 after acquiring an additional 30 shares in the last quarter. Warther Private Wealth LLC grew its stake in Visa by 1.0% during the fourth quarter. Warther Private Wealth LLC now owns 2,935 shares of the credit-card processor’s stock valued at $928,000 after acquiring an additional 30 shares in the last quarter. Finally, Valmark Advisers Inc. grew its stake in Visa by 0.4% during the fourth quarter. Valmark Advisers Inc. now owns 7,251 shares of the credit-card processor’s stock valued at $2,292,000 after acquiring an additional 30 shares in the last quarter. 82.15% of the stock is owned by hedge funds and other institutional investors.

Visa Stock Down 0.0%

Shares of NYSE V opened at $356.11 on Thursday. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.45. Visa Inc. has a 12 month low of $252.70 and a 12 month high of $366.54. The firm has a market capitalization of $661.57 billion, a PE ratio of 35.90, a price-to-earnings-growth ratio of 2.33 and a beta of 0.96. The firm has a fifty day simple moving average of $337.51 and a two-hundred day simple moving average of $328.23.

Visa (NYSE:V) last issued its quarterly earnings results on Tuesday, April 29th. The credit-card processor reported $2.76 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.68 by $0.08. The company had revenue of $9.59 billion during the quarter, compared to analyst estimates of $9.57 billion. Visa had a net margin of 54.27% and a return on equity of 54.79%. Visa’s quarterly revenue was up 9.3% compared to the same quarter last year. During the same period last year, the business earned $2.51 EPS. Equities analysts expect that Visa Inc. will post 11.3 earnings per share for the current year.

Visa Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 2nd. Investors of record on Tuesday, May 13th will be given a dividend of $0.59 per share. This represents a $2.36 annualized dividend and a yield of 0.66%. The ex-dividend date of this dividend is Tuesday, May 13th. Visa’s dividend payout ratio (DPR) is 23.72%.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the stock. StockNews.com raised shares of Visa from a “hold” rating to a “buy” rating in a research note on Monday. Citigroup reissued a “neutral” rating on shares of Visa in a research note on Thursday, February 13th. Macquarie cut their price target on shares of Visa from $400.00 to $380.00 and set an “outperform” rating for the company in a research note on Wednesday, April 30th. Oppenheimer reissued an “outperform” rating on shares of Visa in a research note on Thursday, February 13th. Finally, The Goldman Sachs Group boosted their price target on shares of Visa from $346.00 to $384.00 and gave the stock a “buy” rating in a research note on Friday, January 31st. Six investment analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Visa currently has a consensus rating of “Moderate Buy” and a consensus price target of $362.38.

Insider Activity at Visa

In other news, insider Paul D. Fabara sold 39,350 shares of the firm’s stock in a transaction dated Friday, March 14th. The shares were sold at an average price of $327.20, for a total transaction of $12,875,320.00. Following the sale, the insider now owns 26,413 shares of the company’s stock, valued at $8,642,333.60. This trade represents a 59.84% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, General Counsel Julie B. Rottenberg sold 2,575 shares of the firm’s stock in a transaction dated Thursday, May 1st. The shares were sold at an average price of $345.58, for a total transaction of $889,868.50. Following the sale, the general counsel now directly owns 11,925 shares in the company, valued at approximately $4,121,041.50. The trade was a 17.76% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 121,948 shares of company stock valued at $41,548,282. 0.13% of the stock is owned by insiders.

About Visa

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.