UNIVEST FINANCIAL Corp Has $25.64 Million Stake in Visa Inc. (NYSE:V)

UNIVEST FINANCIAL Corp cut its position in Visa Inc. (NYSE:V) by 2.1% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 81,119 shares of the credit-card processor’s stock after selling 1,734 shares during the quarter. Visa comprises 1.6% of UNIVEST FINANCIAL Corp’s portfolio, making the stock its 12th biggest holding. UNIVEST FINANCIAL Corp’s holdings in Visa were worth $25,637,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in V. Howard Capital Management Group LLC grew its position in Visa by 0.6% in the third quarter. Howard Capital Management Group LLC now owns 106,355 shares of the credit-card processor’s stock valued at $29,242,000 after acquiring an additional 610 shares during the last quarter. Principal Financial Group Inc. grew its holdings in shares of Visa by 7.7% during the 3rd quarter. Principal Financial Group Inc. now owns 5,733,284 shares of the credit-card processor’s stock valued at $1,576,366,000 after purchasing an additional 411,210 shares during the last quarter. Algert Global LLC acquired a new position in Visa during the 3rd quarter worth approximately $1,778,000. Truvestments Capital LLC bought a new position in Visa in the 3rd quarter valued at approximately $133,000. Finally, Horizon Kinetics Asset Management LLC boosted its position in Visa by 4.6% in the third quarter. Horizon Kinetics Asset Management LLC now owns 4,539 shares of the credit-card processor’s stock valued at $1,248,000 after buying an additional 200 shares in the last quarter. Institutional investors own 82.15% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on V shares. William Blair reissued an “outperform” rating on shares of Visa in a report on Friday, January 31st. UBS Group lifted their price target on Visa from $350.00 to $400.00 and gave the company a “buy” rating in a research note on Friday, January 31st. Citigroup reaffirmed a “neutral” rating on shares of Visa in a research note on Thursday, February 13th. JPMorgan Chase & Co. lifted their target price on shares of Visa from $340.00 to $375.00 and gave the stock an “overweight” rating in a research report on Friday, January 31st. Finally, Raymond James reaffirmed an “outperform” rating and set a $393.00 price target (up previously from $374.00) on shares of Visa in a research note on Friday, January 31st. Six equities research analysts have rated the stock with a hold rating, twenty-three have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $353.96.

Insider Activity at Visa

In related news, CEO Ryan Mcinerney sold 8,620 shares of the stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $363.00, for a total transaction of $3,129,060.00. Following the completion of the sale, the chief executive officer now directly owns 537 shares of the company’s stock, valued at approximately $194,931. This trade represents a 94.14 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Tullier Kelly Mahon sold 33,741 shares of the business’s stock in a transaction on Friday, February 7th. The stock was sold at an average price of $349.77, for a total value of $11,801,589.57. Following the completion of the transaction, the insider now directly owns 36,566 shares in the company, valued at approximately $12,789,689.82. This represents a 47.99 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 143,205 shares of company stock valued at $48,560,961. 0.13% of the stock is owned by insiders.

Visa Stock Performance

Shares of V stock opened at $344.95 on Wednesday. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.45. The firm has a fifty day simple moving average of $341.94 and a two-hundred day simple moving average of $314.21. Visa Inc. has a 12 month low of $252.70 and a 12 month high of $366.54. The firm has a market capitalization of $640.84 billion, a PE ratio of 34.77, a price-to-earnings-growth ratio of 2.33 and a beta of 0.95.

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

Visa Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Tuesday, February 11th were issued a dividend of $0.59 per share. The ex-dividend date of this dividend was Tuesday, February 11th. This represents a $2.36 annualized dividend and a yield of 0.68%. Visa’s dividend payout ratio (DPR) is currently 23.79%.

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.