DSAM Partners London Ltd Sells 26,623 Shares of Visa (V)

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.

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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.

Several equities analysts have recently weighed in on V shares. Susquehanna Bancshares lifted their price objective on Visa from $126.00 to $148.00 in a research note on Thursday, December 28th. Keefe, Bruyette & Woods reaffirmed a “buy” rating and issued a $141.00 price objective on shares of Visa in a research note on Friday, December 22nd. Zacks Investment Research raised Visa from a “hold” rating to a “buy” rating and set a $140.00 price objective on the stock in a research note on Thursday, January 25th. Cowen reaffirmed a “buy” rating and issued a $129.00 price objective on shares of Visa in a research note on Friday, January 12th. Finally, Citigroup reaffirmed a “buy” rating and issued a $136.00 price objective (up from $124.00) on shares of Visa in a research note on Friday, January 12th. Two analysts have rated the stock with a hold rating, thirty-two have issued a buy rating and one has assigned a strong buy rating to the stock. Visa currently has a consensus rating of “Buy” and a consensus price target of $135.19.

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.

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Visa Profile

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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Institutional Ownership by Quarter for Visa (NYSE:V)

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