Visa Inc. (NYSE:V) Shares Acquired by Jackson Square Capital LLC

Jackson Square Capital LLC boosted its stake in shares of Visa Inc. (NYSE:V) by 7.6% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 10,853 shares of the credit-card processor’s stock after purchasing an additional 763 shares during the quarter. Jackson Square Capital LLC’s holdings in Visa were worth $3,430,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Krilogy Financial LLC grew its position in Visa by 8.6% in the 4th quarter. Krilogy Financial LLC now owns 16,988 shares of the credit-card processor’s stock worth $5,369,000 after purchasing an additional 1,351 shares during the last quarter. TruWealth Advisors LLC grew its holdings in Visa by 1.7% in the 4th quarter. TruWealth Advisors LLC now owns 55,547 shares of the credit-card processor’s stock worth $17,555,000 after buying an additional 909 shares in the last quarter. Ameritas Advisory Services LLC increased its position in Visa by 25.1% in the 4th quarter. Ameritas Advisory Services LLC now owns 21,117 shares of the credit-card processor’s stock valued at $6,674,000 after acquiring an additional 4,241 shares during the period. HB Wealth Management LLC boosted its position in Visa by 2.8% during the 4th quarter. HB Wealth Management LLC now owns 95,803 shares of the credit-card processor’s stock worth $30,278,000 after acquiring an additional 2,589 shares during the period. Finally, Trust Co. of Vermont increased its holdings in shares of Visa by 4.4% during the fourth quarter. Trust Co. of Vermont now owns 65,770 shares of the credit-card processor’s stock valued at $20,786,000 after purchasing an additional 2,790 shares during the period. 82.15% of the stock is currently owned by institutional investors.

Visa Price Performance

V opened at $319.97 on Monday. The stock has a fifty day moving average price of $313.41 and a 200 day moving average price of $288.59. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 0.55. Visa Inc. has a 1 year low of $252.70 and a 1 year high of $321.61. The stock has a market cap of $596.06 billion, a price-to-earnings ratio of 32.88, a PEG ratio of 2.06 and a beta of 0.96.

Visa (NYSE:V) last announced its quarterly earnings results on Tuesday, October 29th. The credit-card processor reported $2.71 EPS for the quarter, beating the consensus estimate of $2.58 by $0.13. The business had revenue of $9.62 billion during the quarter, compared to analysts’ expectations of $9.49 billion. Visa had a return on equity of 53.16% and a net margin of 54.96%. The firm’s quarterly revenue was up 11.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.33 EPS. Analysts forecast that Visa Inc. will post 11.22 EPS for the current fiscal year.

Visa Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, December 2nd. Stockholders of record on Tuesday, November 12th were issued a dividend of $0.59 per share. The ex-dividend date of this dividend was Tuesday, November 12th. This represents a $2.36 dividend on an annualized basis and a dividend yield of 0.74%. This is an increase from Visa’s previous quarterly dividend of $0.52. Visa’s dividend payout ratio (DPR) is currently 24.25%.

Insider Activity at Visa

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

Analyst Upgrades and Downgrades

Several research firms recently weighed in on V. Robert W. Baird upped their price objective on shares of Visa from $330.00 to $340.00 and gave the stock an “outperform” rating in a report on Wednesday, October 30th. Wells Fargo & Company upped their target price on Visa from $325.00 to $360.00 and gave the stock an “overweight” rating in a research report on Friday, January 3rd. Oppenheimer boosted their price objective on Visa from $321.00 to $375.00 and gave the stock an “outperform” rating in a research note on Thursday, December 19th. Royal Bank of Canada raised their target price on Visa from $311.00 to $322.00 and gave the company an “outperform” rating in a research note on Wednesday, October 30th. Finally, Susquehanna boosted their price target on shares of Visa from $339.00 to $375.00 and gave the stock a “positive” rating in a research report on Wednesday, December 11th. Four research analysts have rated the stock with a hold rating, twenty-four have given a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $331.92.

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.