Visa Inc. (NYSE:V) Shares Sold by Pragma Gestao DE Patrimonio Ltd.

Pragma Gestao DE Patrimonio Ltd. lessened its position in Visa Inc. (NYSE:V) by 41.2% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 20,000 shares of the credit-card processor’s stock after selling 14,000 shares during the period. Visa comprises approximately 3.5% of Pragma Gestao DE Patrimonio Ltd.’s holdings, making the stock its 9th biggest holding. Pragma Gestao DE Patrimonio Ltd.’s holdings in Visa were worth $6,321,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in V. Howard Capital Management Group LLC increased its holdings in Visa by 0.6% during the 3rd quarter. Howard Capital Management Group LLC now owns 106,355 shares of the credit-card processor’s stock valued at $29,242,000 after purchasing an additional 610 shares in the last quarter. Principal Financial Group Inc. increased its stake in shares of Visa by 7.7% in the third 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 buying an additional 411,210 shares in the last quarter. Algert Global LLC acquired a new stake in shares of Visa in the third quarter valued at $1,778,000. Truvestments Capital LLC acquired a new position in Visa during the 3rd quarter worth about $133,000. Finally, Cadence Bank grew its holdings in Visa by 2.4% during the 3rd quarter. Cadence Bank now owns 18,026 shares of the credit-card processor’s stock worth $4,956,000 after acquiring an additional 425 shares during the last quarter. Institutional investors own 82.15% of the company’s stock.

Insider Buying and Selling at Visa

In other news, insider Tullier Kelly Mahon sold 33,741 shares of Visa stock in a transaction that occurred on Friday, February 7th. The stock was sold at an average price of $349.77, for a total transaction 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. The trade was a 47.99 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Paul D. Fabara sold 39,350 shares of the stock in a transaction on Wednesday, March 19th. The shares were sold at an average price of $340.41, for a total value of $13,395,133.50. Following the completion of the sale, the insider now owns 26,413 shares in the company, valued at approximately $8,991,249.33. This trade represents a 59.84 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 143,205 shares of company stock worth $48,560,961 over the last ninety days. 0.13% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the stock. Seaport Res Ptn raised shares of Visa from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, January 14th. Bank of America upped their price objective on Visa from $331.00 to $363.00 and gave the stock a “neutral” rating in a report on Friday, January 31st. Wells Fargo & Company lifted their target price on Visa from $360.00 to $395.00 and gave the company an “overweight” rating in a research note on Friday, January 31st. The Goldman Sachs Group raised their price target on Visa from $346.00 to $384.00 and gave the company a “buy” rating in a report on Friday, January 31st. Finally, UBS Group boosted their price objective on Visa from $350.00 to $400.00 and gave the stock a “buy” rating in a report on Friday, January 31st. Six research analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $353.96.

Visa Price Performance

Shares of V opened at $344.05 on Thursday. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.45. Visa Inc. has a twelve month low of $252.70 and a twelve month high of $366.54. The stock has a market capitalization of $639.17 billion, a P/E ratio of 34.68, a P/E/G ratio of 2.33 and a beta of 0.95. The company has a 50 day moving average of $342.50 and a 200-day moving average of $314.42.

Visa (NYSE:V) last issued its quarterly earnings results on Thursday, January 30th. The credit-card processor reported $2.75 earnings per share (EPS) for the quarter, beating 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%. As a group, equities research 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 given 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 0.69%. Visa’s dividend payout ratio (DPR) is presently 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.