Zevenbergen Capital Investments LLC Cuts Stake in Visa Inc. (NYSE:V)

Zevenbergen Capital Investments LLC lessened its holdings in shares of Visa Inc. (NYSE:V) by 61.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 20,258 shares of the credit-card processor’s stock after selling 32,350 shares during the quarter. Zevenbergen Capital Investments LLC’s holdings in Visa were worth $6,402,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in the business. Grantvest Financial Group LLC bought a new position in shares of Visa during the 4th quarter valued at about $335,000. Haverford Trust Co boosted its stake in Visa by 2.1% during the fourth quarter. Haverford Trust Co now owns 86,597 shares of the credit-card processor’s stock valued at $27,368,000 after buying an additional 1,793 shares during the last quarter. Lynx Investment Advisory boosted its stake in Visa by 43.2% during the fourth quarter. Lynx Investment Advisory now owns 4,137 shares of the credit-card processor’s stock valued at $1,308,000 after buying an additional 1,249 shares during the last quarter. Hirtle Callaghan & Co LLC increased its stake in Visa by 1.3% in the 4th quarter. Hirtle Callaghan & Co LLC now owns 2,291 shares of the credit-card processor’s stock worth $724,000 after acquiring an additional 29 shares during the last quarter. Finally, ICW Investment Advisors LLC raised its holdings in shares of Visa by 0.5% during the 4th quarter. ICW Investment Advisors LLC now owns 16,235 shares of the credit-card processor’s stock worth $5,131,000 after acquiring an additional 73 shares in the last quarter. 82.15% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Visa news, insider Paul D. Fabara sold 39,350 shares of Visa stock in a transaction that occurred on Wednesday, March 19th. The shares were sold at an average price of $340.41, for a total value of $13,395,133.50. Following the completion of the sale, the insider now directly owns 26,413 shares of the company’s stock, valued at approximately $8,991,249.33. The trade was a 59.84 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Tullier Kelly Mahon sold 33,741 shares of the business’s stock in a transaction that occurred on Friday, February 7th. The shares were sold at an average price of $349.77, for a total transaction of $11,801,589.57. Following the completion of the sale, the insider now 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 have sold a total of 143,205 shares of company stock valued at $48,560,961 over the last quarter. 0.13% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

V has been the subject of a number of recent research reports. Morgan Stanley raised their target price on shares of Visa from $326.00 to $371.00 and gave the company an “overweight” rating in a report on Wednesday, December 18th. Barclays lifted their price objective on shares of Visa from $361.00 to $396.00 and gave the stock an “overweight” rating in a research note on Monday, February 3rd. StockNews.com raised shares of Visa from a “hold” rating to a “buy” rating in a report on Thursday. Keefe, Bruyette & Woods reissued a “hold” rating on shares of Visa in a research note on Thursday, February 13th. Finally, Piper Sandler restated an “overweight” rating and set a $383.00 price objective (up from $368.00) on shares of Visa in a research report on Friday, January 31st. Six analysts have rated the stock with a hold rating, twenty-three have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $353.96.

Visa Trading Down 0.9 %

Shares of V opened at $336.51 on Monday. Visa Inc. has a 52-week low of $252.70 and a 52-week high of $366.54. The stock has a market cap of $625.15 billion, a PE ratio of 33.92, a price-to-earnings-growth ratio of 2.33 and a beta of 0.95. The firm’s fifty day moving average is $340.48 and its two-hundred day moving average is $313.29. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.45.

Visa (NYSE:V) last announced its earnings results on Thursday, January 30th. The credit-card processor reported $2.75 earnings per share (EPS) for the quarter, beating 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%. Research analysts forecast that Visa Inc. will post 11.3 earnings per share for the current fiscal year.

Visa Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Tuesday, February 11th were issued a $0.59 dividend. This represents a $2.36 annualized dividend and a dividend yield of 0.70%. The ex-dividend date was Tuesday, February 11th. Visa’s payout ratio is currently 23.79%.

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.