Visa Inc. (NYSE:V) Shares Acquired by Firetrail Investments PTY Ltd.

Firetrail Investments PTY Ltd. grew its stake in shares of Visa Inc. (NYSE:V) by 0.2% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 60,165 shares of the credit-card processor’s stock after buying an additional 150 shares during the period. Visa makes up 5.7% of Firetrail Investments PTY Ltd.’s investment portfolio, making the stock its 5th biggest holding. Firetrail Investments PTY Ltd.’s holdings in Visa were worth $19,084,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in the stock. Halbert Hargrove Global Advisors LLC acquired a new position in shares of Visa in the fourth quarter valued at $137,000. Kinsale Capital Group Inc. raised its position in Visa by 12.3% in the fourth quarter. Kinsale Capital Group Inc. now owns 30,085 shares of the credit-card processor’s stock worth $9,508,000 after purchasing an additional 3,284 shares in the last quarter. Kohmann Bosshard Financial Services LLC acquired a new position in Visa in the fourth quarter worth about $196,000. Smartleaf Asset Management LLC raised its position in Visa by 18.8% in the fourth quarter. Smartleaf Asset Management LLC now owns 23,804 shares of the credit-card processor’s stock worth $7,506,000 after purchasing an additional 3,762 shares in the last quarter. Finally, Maia Wealth LLC raised its position in Visa by 12.9% in the fourth quarter. Maia Wealth LLC now owns 10,285 shares of the credit-card processor’s stock worth $3,441,000 after purchasing an additional 1,176 shares in the last quarter. Institutional investors and hedge funds own 82.15% of the company’s stock.

Insider Buying and Selling

In related news, CAO Peter M. Andreski sold 2,332 shares of the business’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 completion of the transaction, the chief accounting officer now owns 4,488 shares in the company, valued at approximately $1,569,094.56. The trade was a 34.19 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Tullier Kelly Mahon sold 33,741 shares of the business’s stock in a transaction dated Friday, February 7th. The shares were sold at an average price of $349.77, for a total value of $11,801,589.57. Following the completion of the transaction, the insider now directly owns 36,566 shares of the company’s stock, valued at approximately $12,789,689.82. The trade was a 47.99 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 55,885 shares of company stock valued at $19,161,447 over the last three months. Company insiders own 0.13% of the company’s stock.

Visa Price Performance

V opened at $361.60 on Tuesday. The company has a fifty day moving average price of $333.92 and a two-hundred day moving average price of $306.64. The firm has a market capitalization of $671.77 billion, a PE ratio of 36.45, a P/E/G ratio of 2.33 and a beta of 0.97. Visa Inc. has a 52 week low of $252.70 and a 52 week high of $366.54. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.12 and a current ratio of 1.12.

Visa (NYSE:V) last announced its quarterly earnings data on Thursday, January 30th. The credit-card processor reported $2.75 EPS 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%. As a group, analysts anticipate that Visa Inc. will post 11.3 earnings per share for the current year.

Visa Announces Dividend

The business 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 of this dividend was Tuesday, February 11th. This represents a $2.36 dividend on an annualized basis and a dividend yield of 0.65%. Visa’s dividend payout ratio (DPR) is presently 23.79%.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on V shares. Morgan Stanley increased their price target 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. Piper Sandler reiterated an “overweight” rating and set a $383.00 price objective (up from $368.00) on shares of Visa in a research note on Friday, January 31st. Oppenheimer reiterated an “outperform” rating on shares of Visa in a research note on Thursday, February 13th. Barclays increased their price objective on Visa from $361.00 to $396.00 and gave the stock an “overweight” rating in a research note on Monday, February 3rd. Finally, Seaport Res Ptn raised shares of Visa from a “hold” rating to a “strong-buy” rating in a report on Tuesday, January 14th. Six research analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $353.96.

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.