Zweig DiMenna Associates LLC Sells 5,000 Shares of Visa Inc. (NYSE:V)

Zweig DiMenna Associates LLC lowered its holdings in shares of Visa Inc. (NYSE:V) by 10.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 42,230 shares of the credit-card processor’s stock after selling 5,000 shares during the period. Zweig DiMenna Associates LLC’s holdings in Visa were worth $13,346,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Berbice Capital Management LLC bought a new position in shares of Visa in the fourth quarter worth approximately $5,597,000. Impact Partnership Wealth LLC lifted its stake in shares of Visa by 21.3% in the fourth quarter. Impact Partnership Wealth LLC now owns 1,038 shares of the credit-card processor’s stock worth $328,000 after buying an additional 182 shares in the last quarter. Southland Equity Partners LLC bought a new position in shares of Visa in the fourth quarter worth approximately $213,000. St. Johns Investment Management Company LLC lifted its stake in shares of Visa by 1.2% in the fourth quarter. St. Johns Investment Management Company LLC now owns 5,403 shares of the credit-card processor’s stock worth $1,708,000 after buying an additional 65 shares in the last quarter. Finally, LexAurum Advisors LLC lifted its stake in shares of Visa by 21.0% in the fourth quarter. LexAurum Advisors LLC now owns 2,483 shares of the credit-card processor’s stock worth $785,000 after buying an additional 431 shares in the last quarter. Institutional investors own 82.15% of the company’s stock.

Insider Buying and Selling at Visa

In other Visa news, insider Paul D. Fabara sold 2,171 shares of Visa stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $307.97, for a total value of $668,602.87. Following the sale, the insider now directly owns 17,894 shares in the company, valued at approximately $5,510,815.18. The trade was a 10.82 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 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. 0.13% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several research analysts have recently issued reports on V shares. Keefe, Bruyette & Woods upped their target price on shares of Visa from $335.00 to $360.00 and gave the stock an “outperform” rating in a research note on Monday, December 9th. Susquehanna boosted their price objective on shares of Visa from $339.00 to $375.00 and gave the company a “positive” rating in a report on Wednesday, December 11th. Mizuho boosted their price objective on shares of Visa from $279.00 to $292.00 and gave the company a “neutral” rating in a report on Friday, November 1st. Wells Fargo & Company boosted their price objective on shares of Visa from $325.00 to $360.00 and gave the company an “overweight” rating in a report on Friday, January 3rd. Finally, Jefferies Financial Group boosted their price objective on shares of Visa from $320.00 to $330.00 and gave the company a “buy” rating in a report on Wednesday, October 30th. Four investment analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $335.52.

Visa Stock Up 0.6 %

Shares of V stock opened at $330.20 on Monday. The company has a market capitalization of $615.11 billion, a price-to-earnings ratio of 33.94, a PEG ratio of 2.17 and a beta of 0.96. Visa Inc. has a one year low of $252.70 and a one year high of $331.09. The company’s fifty day moving average price is $314.95 and its 200-day moving average price is $290.59. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.28 and a quick ratio of 1.28.

Visa (NYSE:V) last announced its quarterly earnings data 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 firm had revenue of $9.62 billion for the quarter, compared to the consensus estimate of $9.49 billion. Visa had a net margin of 54.96% and a return on equity of 53.16%. The company’s revenue was up 11.7% on a year-over-year basis. During the same period last year, the firm earned $2.33 EPS. Sell-side analysts expect that Visa Inc. will post 11.19 EPS for the current fiscal year.

Visa Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, December 2nd. Shareholders of record on Tuesday, November 12th were issued a $0.59 dividend. This is an increase from Visa’s previous quarterly dividend of $0.52. This represents a $2.36 dividend on an annualized basis and a yield of 0.71%. The ex-dividend date of this dividend was Tuesday, November 12th. Visa’s payout ratio is currently 24.25%.

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.