Mountain Pacific Investment Advisers LLC Has $1.18 Million Holdings in Visa Inc. (NYSE:V)

Mountain Pacific Investment Advisers LLC lessened its holdings in Visa Inc. (NYSE:V) by 9.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,741 shares of the credit-card processor’s stock after selling 400 shares during the period. Mountain Pacific Investment Advisers LLC’s holdings in Visa were worth $1,182,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Sfmg LLC raised its holdings in Visa by 0.6% in the 2nd quarter. Sfmg LLC now owns 21,642 shares of the credit-card processor’s stock worth $5,680,000 after acquiring an additional 122 shares during the period. Insigneo Advisory Services LLC raised its holdings in Visa by 8.5% in the 2nd quarter. Insigneo Advisory Services LLC now owns 24,253 shares of the credit-card processor’s stock worth $6,219,000 after acquiring an additional 1,899 shares during the period. Point72 Hong Kong Ltd raised its holdings in Visa by 64.1% in the 2nd quarter. Point72 Hong Kong Ltd now owns 67,327 shares of the credit-card processor’s stock worth $17,671,000 after acquiring an additional 26,295 shares during the period. Kingfisher Capital LLC raised its holdings in Visa by 0.7% in the 2nd quarter. Kingfisher Capital LLC now owns 14,913 shares of the credit-card processor’s stock worth $3,914,000 after acquiring an additional 99 shares during the period. Finally, Unisphere Establishment raised its holdings in Visa by 4.1% in the 2nd quarter. Unisphere Establishment now owns 1,520,000 shares of the credit-card processor’s stock worth $398,954,000 after acquiring an additional 60,000 shares during the period. Institutional investors and hedge funds own 82.15% of the company’s stock.

Insider Buying and Selling

In related news, CEO Ryan Mcinerney sold 8,620 shares of the business’s stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $317.78, for a total transaction of $2,739,263.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Paul D. Fabara sold 2,171 shares of the business’s stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $307.97, for a total transaction of $668,602.87. Following the sale, the insider now directly owns 17,894 shares of the company’s stock, valued at approximately $5,510,815.18. This trade represents a 10.82 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.13% of the stock is currently owned by insiders.

Visa Price Performance

NYSE:V opened at $323.55 on Thursday. Visa Inc. has a 12 month low of $252.70 and a 12 month high of $325.74. The company’s 50-day moving average price is $313.86 and its two-hundred day moving average price is $289.47. The firm has a market cap of $602.73 billion, a PE ratio of 33.25, a price-to-earnings-growth ratio of 2.15 and a beta of 0.96. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 0.55.

Visa (NYSE:V) last announced its earnings results on Tuesday, October 29th. The credit-card processor reported $2.71 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.58 by $0.13. Visa had a net margin of 54.96% and a return on equity of 53.16%. The company had revenue of $9.62 billion for the quarter, compared to analyst estimates of $9.49 billion. During the same period in the prior year, the business earned $2.33 earnings per share. Visa’s quarterly revenue was up 11.7% on a year-over-year basis. On average, equities analysts anticipate that Visa Inc. will post 11.2 EPS for the current fiscal year.

Visa Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, December 2nd. Investors of record on Tuesday, November 12th were paid a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a dividend yield of 0.73%. This is an increase from Visa’s previous quarterly dividend of $0.52. The ex-dividend date was Tuesday, November 12th. Visa’s payout ratio is 24.25%.

Analyst Ratings Changes

Several brokerages recently commented on V. Seaport Res Ptn upgraded shares of Visa from a “hold” rating to a “strong-buy” rating in a report on Tuesday, January 14th. TD Cowen boosted their price objective on shares of Visa from $318.00 to $325.00 and gave the stock a “buy” rating in a report on Wednesday, October 30th. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Visa from $300.00 to $340.00 and gave the stock a “buy” rating in a report on Wednesday, October 30th. Oppenheimer boosted their price objective on shares of Visa from $321.00 to $375.00 and gave the stock an “outperform” rating in a report on Thursday, December 19th. Finally, Royal Bank of Canada boosted their price objective on shares of Visa from $311.00 to $322.00 and gave the stock an “outperform” rating in a report on Wednesday, October 30th. Four equities research analysts have rated the stock with a hold rating, twenty-four have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, Visa has a consensus rating of “Moderate Buy” and a consensus target price of $332.81.

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.