DSAM Partners London Ltd decreased its holdings in Visa (NYSE:V) by 57.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 19,377 shares of the credit-card processor’s stock after selling 26,623 shares during the quarter. DSAM Partners London Ltd’s holdings in Visa were worth $2,209,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also bought and sold shares of the business. Janus Henderson Group PLC lifted its stake in shares of Visa by 159.7% in the 2nd quarter. Janus Henderson Group PLC now owns 9,702,770 shares of the credit-card processor’s stock valued at $909,979,000 after purchasing an additional 5,966,991 shares in the last quarter. Vanguard Group Inc. lifted its stake in shares of Visa by 2.1% in the 2nd quarter. Vanguard Group Inc. now owns 127,020,401 shares of the credit-card processor’s stock valued at $11,911,973,000 after purchasing an additional 2,628,148 shares in the last quarter. Capital Research Global Investors lifted its stake in shares of Visa by 20.3% in the 2nd quarter. Capital Research Global Investors now owns 11,394,893 shares of the credit-card processor’s stock valued at $1,068,613,000 after purchasing an additional 1,919,732 shares in the last quarter. Temasek Holdings Private Ltd lifted its stake in shares of Visa by 116.3% in the 3rd quarter. Temasek Holdings Private Ltd now owns 3,292,775 shares of the credit-card processor’s stock valued at $346,532,000 after purchasing an additional 1,770,488 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its stake in shares of Visa by 9.3% in the 3rd quarter. Bank of New York Mellon Corp now owns 19,188,126 shares of the credit-card processor’s stock valued at $2,019,358,000 after purchasing an additional 1,624,700 shares in the last quarter. Institutional investors own 81.53% of the company’s stock.
In other Visa news, EVP Lynne Biggar sold 1,712 shares of the company’s stock in a transaction that occurred on Wednesday, February 14th. The stock was sold at an average price of $120.00, for a total value of $205,440.00. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 0.14% of the company’s stock.
Visa stock opened at $121.88 on Tuesday. The company has a market cap of $248,809.86, a P/E ratio of 35.02, a P/E/G ratio of 1.59 and a beta of 0.98. The company has a current ratio of 2.07, a quick ratio of 2.07 and a debt-to-equity ratio of 0.60. Visa has a one year low of $88.75 and a one year high of $126.88.
Visa (NYSE:V) last released its quarterly earnings results on Thursday, February 1st. The credit-card processor reported $1.08 EPS for the quarter, topping the consensus estimate of $0.98 by $0.10. Visa had a return on equity of 32.97% and a net margin of 38.12%. The firm had revenue of $4.86 billion for the quarter, compared to analyst estimates of $4.82 billion. During the same period in the previous year, the company posted $0.86 EPS. Visa’s revenue for the quarter was up 9.0% on a year-over-year basis. sell-side analysts expect that Visa will post 4.39 EPS for the current year.
Visa declared that its Board of Directors has initiated a share buyback plan on Thursday, February 1st that allows the company to repurchase $7.50 billion in outstanding shares. This repurchase authorization allows the credit-card processor to repurchase shares of its stock through open market purchases. Shares repurchase plans are often an indication that the company’s leadership believes its stock is undervalued.
Visa Inc operates as a payments technology company worldwide. The company facilitates commerce through the transfer of value and information among consumers, merchants, financial institutions, businesses, strategic partners, and government entities. It operates VisaNet, a processing network that enables authorization, clearing, and settlement of payment transactions; and offers fraud protection for account holders and assured payment for merchants.
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