39,900 Shares in Visa Inc. (NYSE:V) Purchased by Seilern Investment Management Ltd

Seilern Investment Management Ltd acquired a new stake in Visa Inc. (NYSE:V) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 39,900 shares of the credit-card processor’s stock, valued at approximately $12,610,000. Visa makes up about 0.7% of Seilern Investment Management Ltd’s portfolio, making the stock its 17th largest holding.

Other large investors have also recently made changes to their positions in the company. Evergreen Capital Management LLC increased its position in Visa by 2.8% during the second quarter. Evergreen Capital Management LLC now owns 21,714 shares of the credit-card processor’s stock worth $5,699,000 after buying an additional 582 shares during the period. Farallon Capital Management LLC increased its holdings in shares of Visa by 20.7% in the 2nd quarter. Farallon Capital Management LLC now owns 821,886 shares of the credit-card processor’s stock valued at $215,720,000 after purchasing an additional 141,036 shares in the last quarter. Tremblant Capital Group increased its stake in Visa by 41.8% in the 2nd quarter. Tremblant Capital Group now owns 6,542 shares of the credit-card processor’s stock valued at $1,717,000 after purchasing an additional 1,930 shares in the last quarter. Samlyn Capital LLC purchased a new position in Visa during the 2nd quarter valued at about $25,413,000. Finally, Marshall Wace LLP increased its position in Visa by 927.4% during the second quarter. Marshall Wace LLP now owns 890,739 shares of the credit-card processor’s stock worth $233,792,000 after buying an additional 804,039 shares in the last quarter. 82.15% of the stock is currently owned by hedge funds and other institutional investors.

Visa Stock Up 1.3 %

V stock opened at $323.76 on Wednesday. The company’s 50 day simple moving average is $313.59 and its 200-day simple moving average is $289.09. Visa Inc. has a 52-week low of $252.70 and a 52-week high of $324.58. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.28 and a quick ratio of 1.28. The firm has a market capitalization of $603.12 billion, a P/E ratio of 33.27, a P/E/G ratio of 2.15 and a beta of 0.96.

Visa (NYSE:V) last posted its quarterly earnings results on Tuesday, October 29th. The credit-card processor reported $2.71 earnings per share for the quarter, beating the consensus estimate of $2.58 by $0.13. Visa had a return on equity of 53.16% and a net margin of 54.96%. The firm had revenue of $9.62 billion for the quarter, compared to analyst estimates of $9.49 billion. During the same period in the previous year, the firm earned $2.33 earnings per share. Visa’s quarterly revenue was up 11.7% on a year-over-year basis. As a group, equities research analysts anticipate that Visa Inc. will post 11.2 EPS for the current year.

Visa Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 2nd. Shareholders of record on Tuesday, November 12th were paid a $0.59 dividend. This represents a $2.36 annualized dividend and a yield of 0.73%. 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%.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the stock. Monness Crespi & Hardt reissued a “neutral” rating on shares of Visa in a research report on Tuesday, September 24th. Morgan Stanley raised 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. Deutsche Bank Aktiengesellschaft increased their target price on Visa from $300.00 to $340.00 and gave the stock a “buy” rating in a report on Wednesday, October 30th. Jefferies Financial Group upped their price target on Visa from $320.00 to $330.00 and gave the company a “buy” rating in a research report on Wednesday, October 30th. Finally, Robert W. Baird raised their price target on shares of Visa from $330.00 to $340.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 30th. Four equities research analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $331.92.

Insiders Place Their Bets

In other news, insider Paul D. Fabara sold 2,171 shares of the stock in a transaction 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 transaction, the insider now owns 17,894 shares in the company, valued at $5,510,815.18. This represents a 10.82 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Ryan Mcinerney sold 8,620 shares of Visa stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $317.78, for a total transaction of $2,739,263.60. The disclosure for this sale can be found here. Insiders own 0.13% of the company’s stock.

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.