Temasek Holdings Private Ltd Boosts Position in Visa Inc. (NYSE:V)

Temasek Holdings Private Ltd raised its position in shares of Visa Inc. (NYSE:V) by 2.3% during the third quarter, HoldingsChannel reports. The fund owned 6,221,004 shares of the credit-card processor’s stock after acquiring an additional 137,967 shares during the quarter. Visa accounts for approximately 6.9% of Temasek Holdings Private Ltd’s investment portfolio, making the stock its 2nd largest holding. Temasek Holdings Private Ltd’s holdings in Visa were worth $1,710,465,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Arjuna Capital increased its holdings in shares of Visa by 0.8% during the second quarter. Arjuna Capital now owns 11,851 shares of the credit-card processor’s stock valued at $3,111,000 after acquiring an additional 96 shares in the last quarter. Custom Index Systems LLC acquired a new position in shares of Visa during the third quarter valued at about $731,000. Mechanics Bank Trust Department increased its holdings in Visa by 8.0% in the 2nd quarter. Mechanics Bank Trust Department now owns 32,460 shares of the credit-card processor’s stock worth $8,520,000 after buying an additional 2,410 shares during the period. FORA Capital LLC acquired a new position in Visa in the 3rd quarter worth approximately $7,987,000. Finally, Chicago Capital LLC increased its holdings in Visa by 5.2% in the 3rd quarter. Chicago Capital LLC now owns 404,914 shares of the credit-card processor’s stock worth $111,331,000 after buying an additional 20,023 shares during the period. Institutional investors own 82.15% of the company’s stock.

Visa Trading Down 0.3 %

NYSE:V opened at $309.08 on Friday. The firm has a market cap of $575.78 billion, a P/E ratio of 31.77, a PEG ratio of 2.10 and a beta of 0.96. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 0.55. The stock’s 50 day simple moving average is $295.00 and its 200-day simple moving average is $279.46. Visa Inc. has a 12-month low of $252.70 and a 12-month high of $317.42.

Visa (NYSE:V) last released its earnings results on Tuesday, October 29th. The credit-card processor reported $2.71 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.58 by $0.13. Visa had a return on equity of 53.16% and a net margin of 54.96%. The business had revenue of $9.62 billion for the quarter, compared to analyst estimates of $9.49 billion. During the same quarter in the previous year, the company posted $2.33 earnings per share. The company’s revenue for the quarter was up 11.7% compared to the same quarter last year. Equities analysts anticipate that Visa Inc. will post 11.19 EPS for the current year.

Visa Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 2nd. Investors of record on Tuesday, November 12th were issued a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a yield of 0.76%. The ex-dividend date of this dividend was Tuesday, November 12th. This is a positive change from Visa’s previous quarterly dividend of $0.52. Visa’s dividend payout ratio is currently 24.25%.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on V shares. StockNews.com upgraded shares of Visa from a “hold” rating to a “buy” rating in a report on Friday, August 9th. Citigroup increased their target price on Visa from $319.00 to $326.00 and gave the company a “buy” rating in a research report on Wednesday, October 30th. Barclays increased their target price on Visa from $319.00 to $347.00 and gave the company an “overweight” rating in a research report on Monday, November 4th. Susquehanna raised their price objective on Visa from $326.00 to $339.00 and gave the company a “positive” rating in a report on Wednesday, October 30th. Finally, Deutsche Bank Aktiengesellschaft lifted their price target on Visa from $300.00 to $340.00 and gave the stock a “buy” 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 assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Visa currently has a consensus rating of “Moderate Buy” and a consensus price target of $321.74.

Insider Buying and Selling

In other Visa news, insider Paul D. Fabara sold 2,171 shares of the company’s stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $307.97, for a total value of $668,602.87. Following the sale, the insider now owns 17,894 shares of the company’s stock, valued at approximately $5,510,815.18. This represents a 10.82 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.19% of the stock is currently owned by corporate insiders.

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.