Katamaran Capital LLP Has $5.09 Million Stock Position in Visa Inc. $V

Katamaran Capital LLP trimmed its position in Visa Inc. (NYSE:V) by 24.0% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 14,917 shares of the credit-card processor’s stock after selling 4,704 shares during the period. Visa makes up approximately 4.6% of Katamaran Capital LLP’s holdings, making the stock its 9th biggest holding. Katamaran Capital LLP’s holdings in Visa were worth $5,092,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of V. Harbor Asset Planning Inc. acquired a new position in Visa in the second quarter valued at about $29,000. Sagard Holdings Management Inc. acquired a new stake in shares of Visa during the second quarter worth about $31,000. Bare Financial Services Inc grew its position in shares of Visa by 287.0% in the 2nd quarter. Bare Financial Services Inc now owns 89 shares of the credit-card processor’s stock valued at $32,000 after purchasing an additional 66 shares during the period. Hoese & Co LLP bought a new stake in Visa during the 2nd quarter worth approximately $36,000. Finally, Quaker Wealth Management LLC boosted its holdings in shares of Visa by 202.7% in the second quarter. Quaker Wealth Management LLC now owns 114 shares of the credit-card processor’s stock valued at $40,000 after buying an additional 225 shares during the period. Institutional investors and hedge funds own 82.15% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have issued reports on V shares. Royal Bank Of Canada reiterated an “outperform” rating and set a $395.00 target price on shares of Visa in a report on Friday, January 30th. Evercore set a $380.00 target price on Visa in a research note on Friday, December 12th. Bank of America raised shares of Visa from a “neutral” rating to a “buy” rating and set a $382.00 price target for the company in a research note on Thursday, December 11th. HSBC raised shares of Visa from a “hold” rating to a “strong-buy” rating in a research report on Monday, December 8th. Finally, Piper Sandler set a $160.00 target price on shares of Visa in a report on Wednesday, January 28th. Six equities research analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of $392.29.

Visa Trading Down 1.8%

NYSE V opened at $325.48 on Tuesday. Visa Inc. has a 12 month low of $299.00 and a 12 month high of $375.51. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.51. The stock has a 50 day moving average of $338.40 and a 200-day moving average of $340.57. The company has a market cap of $590.80 billion, a PE ratio of 30.53, a PEG ratio of 1.90 and a beta of 0.79.

Visa (NYSE:V) last announced its quarterly earnings results on Thursday, January 29th. The credit-card processor reported $3.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.14 by $0.03. Visa had a return on equity of 61.74% and a net margin of 50.23%.The business had revenue of $10.90 billion during the quarter, compared to the consensus estimate of $10.69 billion. During the same quarter last year, the firm posted $2.75 EPS. The company’s quarterly revenue was up 14.6% on a year-over-year basis. On average, equities research analysts anticipate that Visa Inc. will post 11.3 EPS for the current fiscal year.

Visa Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 2nd. Investors of record on Tuesday, February 10th will be given a dividend of $0.67 per share. This represents a $2.68 annualized dividend and a dividend yield of 0.8%. The ex-dividend date is Tuesday, February 10th. Visa’s dividend payout ratio is currently 25.14%.

Insider Buying and Selling at Visa

In related news, CEO Ryan Mcinerney sold 10,485 shares of the business’s stock in a transaction on Friday, January 2nd. The shares were sold at an average price of $349.18, for a total value of $3,661,152.30. Following the transaction, the chief executive officer owned 9,401 shares in the company, valued at $3,282,641.18. The trade was a 52.73% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Paul D. Fabara sold 2,172 shares of the firm’s stock in a transaction that occurred on Friday, November 21st. The stock was sold at an average price of $325.93, for a total value of $707,919.96. Following the sale, the insider directly owned 26,413 shares of the company’s stock, valued at $8,608,789.09. This represents a 7.60% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.12% of the stock is owned by corporate insiders.

Visa Company Profile

Visa Inc is a global payments technology company that facilitates electronic funds transfers and digital commerce by connecting consumers, merchants, financial institutions and governments. The firm operates one of the world’s largest payment networks, providing processing, authorization, clearing and settlement services for credit, debit and prepaid card transactions. Visa’s network-based model enables partner banks and other issuers to offer branded payment products while Visa focuses on the infrastructure, standards and technologies that move money securely and efficiently around the world.

Visa’s product and service portfolio includes card-based payment products for consumers and businesses, real-time push-payment capabilities, tokenization and authentication services, fraud and risk-management tools, data analytics and APIs for fintech and merchant integration.