Visa Inc. $V Shares Bought by Unison Asset Management LLC

Unison Asset Management LLC boosted its holdings in shares of Visa Inc. (NYSE:V) by 12.1% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 19,541 shares of the credit-card processor’s stock after buying an additional 2,104 shares during the quarter. Visa makes up approximately 3.1% of Unison Asset Management LLC’s holdings, making the stock its 14th largest holding. Unison Asset Management LLC’s holdings in Visa were worth $6,831,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in the business. MTM Investment Management LLC boosted its stake in Visa by 0.9% in the third quarter. MTM Investment Management LLC now owns 3,344 shares of the credit-card processor’s stock valued at $1,142,000 after acquiring an additional 30 shares during the last quarter. High Note Wealth LLC boosted its stake in Visa by 6.8% in the third quarter. High Note Wealth LLC now owns 474 shares of the credit-card processor’s stock valued at $162,000 after acquiring an additional 30 shares during the last quarter. Beacon Capital Management LLC boosted its stake in Visa by 2.0% in the third quarter. Beacon Capital Management LLC now owns 1,541 shares of the credit-card processor’s stock valued at $526,000 after acquiring an additional 30 shares during the last quarter. Chapman Financial Group LLC raised its position in shares of Visa by 0.9% in the third quarter. Chapman Financial Group LLC now owns 3,211 shares of the credit-card processor’s stock valued at $1,096,000 after purchasing an additional 30 shares during the period. Finally, Ransom Advisory Ltd raised its position in shares of Visa by 0.3% in the fourth quarter. Ransom Advisory Ltd now owns 9,447 shares of the credit-card processor’s stock valued at $3,313,000 after purchasing an additional 30 shares during the period. 82.15% of the stock is owned by institutional investors and hedge funds.

Visa Price Performance

Shares of NYSE:V opened at $327.17 on Wednesday. The company has a 50 day moving average of $313.63 and a 200 day moving average of $325.17. The stock has a market cap of $586.87 billion, a P/E ratio of 28.50, a P/E/G ratio of 1.76 and a beta of 0.78. Visa Inc. has a 12 month low of $293.89 and a 12 month high of $375.51. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 0.64.

Visa (NYSE:V) last issued its quarterly earnings data on Tuesday, April 28th. The credit-card processor reported $3.31 EPS for the quarter, beating the consensus estimate of $3.10 by $0.21. The company had revenue of $11.23 billion during the quarter, compared to analysts’ expectations of $10.75 billion. Visa had a net margin of 51.68% and a return on equity of 65.00%. Visa’s revenue for the quarter was up 17.1% on a year-over-year basis. During the same quarter in the previous year, the company earned $2.76 earnings per share. As a group, sell-side analysts forecast that Visa Inc. will post 13.09 EPS for the current fiscal year.

Visa declared that its board has approved a share buyback program on Tuesday, April 28th that authorizes the company to repurchase $20.00 billion in shares. This repurchase authorization authorizes the credit-card processor to buy up to 3.6% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company’s board of directors believes its shares are undervalued.

Visa Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 1st. Investors of record on Tuesday, May 12th will be paid a dividend of $0.67 per share. The ex-dividend date of this dividend is Tuesday, May 12th. This represents a $2.68 annualized dividend and a yield of 0.8%. Visa’s payout ratio is currently 23.34%.

Insider Activity at Visa

In other Visa news, CEO Ryan Mcinerney sold 31,455 shares of the business’s stock in a transaction that occurred on Wednesday, April 29th. The shares were sold at an average price of $340.14, for a total value of $10,699,103.70. Following the completion of the transaction, the chief executive officer owned 15,174 shares of the company’s stock, valued at $5,161,284.36. The trade was a 67.46% decrease in their position. The transaction was disclosed in a filing 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, Director Lloyd Carney sold 650 shares of the business’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 completion of the transaction, the director directly owned 2,679 shares of the company’s stock, valued at approximately $829,471.98. This represents a 19.53% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 42,744 shares of company stock valued at $14,356,010. Corporate insiders own 0.12% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on V. BMO Capital Markets began coverage on shares of Visa in a research report on Tuesday, April 21st. They issued an “outperform” rating and a $365.00 price target on the stock. Citigroup lowered their price target on shares of Visa from $450.00 to $400.00 and set a “buy” rating on the stock in a research report on Tuesday, April 14th. Bank of America began coverage on shares of Visa in a research report on Thursday, March 5th. They issued a “buy” rating and a $410.00 price target on the stock. Royal Bank Of Canada reissued an “outperform” rating and issued a $395.00 price target on shares of Visa in a research report on Friday, January 30th. Finally, Macquarie Infrastructure reissued an “outperform” rating and issued a $410.00 price target on shares of Visa in a research report on Friday, January 30th. Six investment analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, Visa has a consensus rating of “Buy” and an average price target of $386.70.

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.