Veracity Capital LLC Has $1.01 Million Stock Holdings in Visa Inc. (NYSE:V)

Veracity Capital LLC decreased its holdings in shares of Visa Inc. (NYSE:VFree Report) by 1.0% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,895 shares of the credit-card processor’s stock after selling 38 shares during the quarter. Veracity Capital LLC’s holdings in Visa were worth $1,014,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in the business. Hibernia Wealth Partners LLC acquired a new stake in shares of Visa during the third quarter worth $25,000. Altshuler Shaham Ltd acquired a new stake in shares of Visa during the third quarter worth $25,000. West Tower Group LLC acquired a new stake in shares of Visa during the second quarter worth $30,000. Financial Freedom LLC acquired a new stake in shares of Visa during the fourth quarter worth $32,000. Finally, Nalls Sherbakoff Group LLC increased its position in shares of Visa by 545.5% in the third quarter. Nalls Sherbakoff Group LLC now owns 142 shares of the credit-card processor’s stock worth $33,000 after purchasing an additional 120 shares during the period. Institutional investors and hedge funds own 82.15% of the company’s stock.

Analyst Ratings Changes

V has been the topic of a number of recent analyst reports. Evercore ISI raised their price target on Visa from $325.00 to $335.00 and gave the stock an “outperform” rating in a research report on Tuesday, March 26th. Monness Crespi & Hardt initiated coverage on Visa in a research report on Wednesday, December 20th. They issued a “neutral” rating on the stock. KeyCorp raised their price target on Visa from $275.00 to $300.00 and gave the stock an “overweight” rating in a research report on Monday, January 8th. Raymond James raised their price target on Visa from $287.00 to $311.00 and gave the stock an “outperform” rating in a research report on Friday, January 26th. Finally, UBS Group raised their price target on Visa from $305.00 to $315.00 and gave the stock a “buy” rating in a research report on Friday, January 26th. Five analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $295.82.

Check Out Our Latest Research Report on V

Insider Buying and Selling at Visa

In other Visa news, insider Rajat Taneja sold 36,546 shares of the business’s stock in a transaction that occurred on Friday, January 19th. The stock was sold at an average price of $270.20, for a total value of $9,874,729.20. Following the transaction, the insider now directly owns 232,112 shares of the company’s stock, valued at $62,716,662.40. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other Visa news, CEO Ryan Mcinerney sold 8,150 shares of the business’s stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $273.39, for a total value of $2,228,128.50. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Rajat Taneja sold 36,546 shares of the business’s stock in a transaction that occurred on Friday, January 19th. The shares were sold at an average price of $270.20, for a total value of $9,874,729.20. Following the sale, the insider now owns 232,112 shares of the company’s stock, valued at approximately $62,716,662.40. The disclosure for this sale can be found here. Over the last three months, insiders have sold 55,511 shares of company stock valued at $15,131,081. 0.19% of the stock is currently owned by company insiders.

Visa Price Performance

Visa stock opened at $278.55 on Wednesday. The stock’s 50 day moving average is $279.62 and its 200 day moving average is $259.44. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.45 and a quick ratio of 1.45. The firm has a market cap of $511.56 billion, a P/E ratio of 32.05, a P/E/G ratio of 1.92 and a beta of 0.96. Visa Inc. has a one year low of $216.14 and a one year high of $290.96.

Visa (NYSE:VGet Free Report) last posted its quarterly earnings data on Thursday, January 25th. The credit-card processor reported $2.41 EPS for the quarter, topping analysts’ consensus estimates of $2.34 by $0.07. The company had revenue of $8.63 billion for the quarter, compared to analyst estimates of $8.55 billion. Visa had a return on equity of 50.02% and a net margin of 53.92%. The firm’s quarterly revenue was up 9.3% on a year-over-year basis. During the same period in the previous year, the firm earned $2.18 earnings per share. As a group, research analysts expect that Visa Inc. will post 9.89 EPS for the current year.

Visa Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 1st. Shareholders of record on Friday, February 9th were paid a $0.52 dividend. This represents a $2.08 annualized dividend and a yield of 0.75%. The ex-dividend date of this dividend was Thursday, February 8th. Visa’s dividend payout ratio (DPR) is presently 23.94%.

Visa Company Profile

(Free Report)

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.

See Also

Institutional Ownership by Quarter for Visa (NYSE:V)

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