UniSuper Management Pty Ltd Buys 14,668 Shares of Visa Inc. (NYSE:V)

UniSuper Management Pty Ltd grew its stake in shares of Visa Inc. (NYSE:V) by 1.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 805,023 shares of the credit-card processor’s stock after buying an additional 14,668 shares during the period. Visa makes up 1.8% of UniSuper Management Pty Ltd’s portfolio, making the stock its 10th biggest position. UniSuper Management Pty Ltd’s holdings in Visa were worth $254,419,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently modified their holdings of the stock. Decker Retirement Planning Inc. acquired a new position in Visa in the fourth quarter valued at about $26,000. Bradley & Co. Private Wealth Management LLC bought a new position in shares of Visa during the 4th quarter valued at about $27,000. POM Investment Strategies LLC grew its position in shares of Visa by 48.5% in the 4th quarter. POM Investment Strategies LLC now owns 98 shares of the credit-card processor’s stock valued at $31,000 after purchasing an additional 32 shares during the period. Modus Advisors LLC bought a new stake in Visa during the 4th quarter worth approximately $32,000. Finally, Compass Planning Associates Inc acquired a new stake in Visa during the 4th quarter worth approximately $32,000. 82.15% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, CEO Ryan Mcinerney sold 8,620 shares of Visa stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $317.78, for a total transaction of $2,739,263.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, General Counsel Julie B. Rottenberg sold 2,572 shares of the company’s stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $340.00, for a total value of $874,480.00. Following the completion of the transaction, the general counsel now directly owns 11,925 shares in the company, valued at approximately $4,054,500. This represents a 17.74 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 143,205 shares of company stock valued at $48,560,961. Company insiders own 0.13% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently weighed in on V shares. Barclays upped their price target on shares of Visa from $361.00 to $396.00 and gave the company an “overweight” rating in a report on Monday, February 3rd. Seaport Res Ptn raised shares of Visa from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, January 14th. Citigroup reissued a “neutral” rating on shares of Visa in a research note on Thursday, February 13th. Raymond James reaffirmed an “outperform” rating and set a $393.00 price objective (up from $374.00) on shares of Visa in a research report on Friday, January 31st. Finally, William Blair reissued an “outperform” rating 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 assigned a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $353.96.

Visa Price Performance

NYSE:V opened at $344.05 on Thursday. Visa Inc. has a 12-month low of $252.70 and a 12-month high of $366.54. The firm has a market capitalization of $639.17 billion, a price-to-earnings ratio of 34.68, a P/E/G ratio of 2.33 and a beta of 0.95. The stock’s 50 day moving average price is $342.50 and its two-hundred day moving average price is $314.42. 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 posted its quarterly earnings results on Thursday, January 30th. The credit-card processor reported $2.75 earnings per share 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%. On average, analysts anticipate that Visa Inc. will post 11.3 earnings per share for the current year.

Visa Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Tuesday, February 11th were paid a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a dividend yield of 0.69%. The ex-dividend date was Tuesday, February 11th. Visa’s dividend payout ratio is presently 23.79%.

Visa Company 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.