Visa Inc. $V is Universal Beteiligungs und Servicegesellschaft mbH’s 10th Largest Position

Universal Beteiligungs und Servicegesellschaft mbH cut its holdings in shares of Visa Inc. (NYSE:V) by 1.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 2,176,554 shares of the credit-card processor’s stock after selling 23,319 shares during the quarter. Visa comprises approximately 1.2% of Universal Beteiligungs und Servicegesellschaft mbH’s investment portfolio, making the stock its 10th biggest position. Universal Beteiligungs und Servicegesellschaft mbH owned 0.12% of Visa worth $764,441,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the business. Define Financial LLC grew its holdings in shares of Visa by 4.0% during the 3rd quarter. Define Financial LLC now owns 779 shares of the credit-card processor’s stock worth $266,000 after purchasing an additional 30 shares during the period. Patron Partners LLC lifted its stake in Visa by 0.6% during the 3rd quarter. Patron Partners LLC now owns 4,648 shares of the credit-card processor’s stock worth $1,587,000 after acquiring an additional 30 shares in the last quarter. MTM Investment Management LLC lifted its stake in Visa by 0.9% during the 3rd quarter. MTM Investment Management LLC now owns 3,344 shares of the credit-card processor’s stock worth $1,142,000 after acquiring an additional 30 shares in the last quarter. High Note Wealth LLC lifted its stake in Visa by 6.8% during the 3rd quarter. High Note Wealth LLC now owns 474 shares of the credit-card processor’s stock worth $162,000 after acquiring an additional 30 shares in the last quarter. Finally, Beacon Capital Management LLC lifted its stake in Visa by 2.0% during the 3rd quarter. Beacon Capital Management LLC now owns 1,541 shares of the credit-card processor’s stock worth $526,000 after acquiring an additional 30 shares in the last quarter. 82.15% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Visa

In related news, Director Lloyd Carney sold 650 shares of the firm’s stock in a transaction that occurred on Wednesday, March 11th. The stock was sold at an average price of $309.62, for a total transaction of $201,253.00. Following the transaction, the director owned 2,679 shares in the company, valued at $829,471.98. This trade represents a 19.53% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 0.12% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several equities analysts recently issued reports on V shares. Loop Capital started coverage on Visa in a research note on Tuesday, March 31st. They set a “buy” rating and a $387.00 target price on the stock. Weiss Ratings lowered Visa from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Thursday, April 16th. Bank of America started coverage on Visa in a research report on Thursday, March 5th. They issued a “buy” rating and a $410.00 price target on the stock. Piper Sandler set a $160.00 price target on Visa in a research report on Wednesday, January 28th. Finally, Macquarie Infrastructure reaffirmed an “outperform” rating and issued a $410.00 price target on shares of Visa in a research report on Friday, January 30th. Seven research analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of $388.25.

Visa Trading Down 0.8%

V opened at $308.81 on Friday. Visa Inc. has a one year low of $293.89 and a one year high of $375.51. The company has a market cap of $560.53 billion, a P/E ratio of 28.97, a PEG ratio of 1.79 and a beta of 0.80. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.11 and a current ratio of 1.11. The business’s 50-day simple moving average is $309.97 and its 200-day simple moving average is $328.44.

Visa (NYSE:V) last released its quarterly earnings data on Thursday, January 29th. The credit-card processor reported $3.17 EPS for the quarter, beating analysts’ consensus estimates of $3.14 by $0.03. The business 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 business’s revenue for the quarter was up 14.6% on a year-over-year basis. During the same quarter in the prior year, the business posted $2.75 EPS. As a group, equities research analysts expect that Visa Inc. will post 12.84 EPS for the current fiscal year.

Visa Dividend Announcement

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

Visa 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.