Saiph Capital LLC Grows Stock Position in Visa Inc. (NYSE:V)

Saiph Capital LLC increased its holdings in shares of Visa Inc. (NYSE:V) by 13.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 3,284 shares of the credit-card processor’s stock after buying an additional 399 shares during the quarter. Visa comprises approximately 0.4% of Saiph Capital LLC’s portfolio, making the stock its 23rd biggest holding. Saiph Capital LLC’s holdings in Visa were worth $1,038,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the business. Brooklyn FI LLC purchased a new position in shares of Visa in the 4th quarter worth about $454,000. Trillium Asset Management LLC raised its holdings in shares of Visa by 1.1% during the 4th quarter. Trillium Asset Management LLC now owns 122,151 shares of the credit-card processor’s stock valued at $38,605,000 after buying an additional 1,348 shares during the period. Enhancing Capital LLC purchased a new stake in shares of Visa during the 4th quarter valued at about $2,258,000. Xponance Inc. raised its holdings in shares of Visa by 3.4% during the 4th quarter. Xponance Inc. now owns 421,245 shares of the credit-card processor’s stock valued at $133,130,000 after buying an additional 13,896 shares during the period. Finally, Generali Asset Management SPA SGR acquired a new stake in Visa during the 4th quarter valued at approximately $45,708,000. 82.15% of the stock is currently owned by hedge funds and other institutional investors.

Visa Stock Down 0.1 %

Shares of Visa stock opened at $334.30 on Wednesday. The business’s fifty day moving average price is $338.84 and its two-hundred day moving average price is $312.02. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.12 and a quick ratio of 1.12. The company has a market capitalization of $621.06 billion, a P/E ratio of 33.70, a PEG ratio of 2.33 and a beta of 0.95. Visa Inc. has a 1-year low of $252.70 and a 1-year high of $366.54.

Visa (NYSE:V) last announced its earnings results on Thursday, January 30th. The credit-card processor reported $2.75 earnings per share for the quarter, beating the consensus estimate of $2.66 by $0.09. Visa had a return on equity of 54.79% and a net margin of 54.27%. As a group, research analysts forecast that Visa Inc. will post 11.3 EPS for the current year.

Visa Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Tuesday, February 11th were paid a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a dividend yield of 0.71%. The ex-dividend date was Tuesday, February 11th. Visa’s dividend payout ratio is presently 23.79%.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the company. Susquehanna raised their price objective on Visa from $395.00 to $410.00 and gave the company a “positive” rating in a research note on Friday, February 21st. StockNews.com lowered Visa from a “buy” rating to a “hold” rating in a research note on Wednesday, March 12th. Raymond James restated an “outperform” rating and set a $393.00 price objective (up previously from $374.00) on shares of Visa in a research note on Friday, January 31st. Morgan Stanley raised their price objective on Visa from $326.00 to $371.00 and gave the company an “overweight” rating in a research note on Wednesday, December 18th. Finally, Citigroup restated a “neutral” rating on shares of Visa in a research note on Thursday, February 13th. Seven research analysts have rated the stock with a hold rating, twenty-two have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $353.96.

Insider Transactions at Visa

In other news, CEO Ryan Mcinerney sold 8,620 shares of the business’s stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $363.00, for a total value of $3,129,060.00. Following the sale, the chief executive officer now owns 537 shares of the company’s stock, valued at approximately $194,931. The trade was a 94.14 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Paul D. Fabara sold 39,350 shares of the business’s stock in a transaction on Friday, March 14th. The stock was sold at an average price of $327.20, for a total value of $12,875,320.00. Following the completion of the sale, the insider now directly owns 26,413 shares in the company, valued at $8,642,333.60. This represents a 59.84 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 103,855 shares of company stock valued at $35,165,827. Corporate insiders own 0.13% of the company’s stock.

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.