Force Capital Management LLC lessened its holdings in shares of Visa Inc (NYSE:V) by 60.9% in the fourth quarter, HoldingsChannel.com reports. The fund owned 23,061 shares of the credit-card processor’s stock after selling 35,938 shares during the period. Visa makes up about 8.6% of Force Capital Management LLC’s portfolio, making the stock its 2nd largest holding. Force Capital Management LLC’s holdings in Visa were worth $3,043,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in V. Highwater Wealth Management LLC acquired a new stake in shares of Visa during the fourth quarter worth $33,000. Essex Investment Management Co. LLC acquired a new stake in shares of Visa during the fourth quarter worth $33,000. Ironwood Financial llc raised its position in shares of Visa by 67.5% during the fourth quarter. Ironwood Financial llc now owns 335 shares of the credit-card processor’s stock worth $44,000 after purchasing an additional 135 shares during the period. Contravisory Investment Management Inc. raised its position in shares of Visa by 180.9% during the fourth quarter. Contravisory Investment Management Inc. now owns 396 shares of the credit-card processor’s stock worth $52,000 after purchasing an additional 255 shares during the period. Finally, Financial Gravity Companies Inc. acquired a new stake in shares of Visa during the fourth quarter worth $57,000. Institutional investors own 81.04% of the company’s stock.

V has been the topic of a number of recent analyst reports. Robert W. Baird set a $182.00 price target on Visa and gave the company an “outperform” rating in a research report on Wednesday, May 8th. Zacks Investment Research lowered Visa from a “buy” rating to a “hold” rating in a research report on Monday, May 20th. Jefferies Financial Group upped their price target on Visa from $170.00 to $175.00 and gave the company a “buy” rating in a research report on Monday, March 25th. Wedbush upped their price target on Visa from $150.00 to $162.00 and gave the company an “outperform” rating in a research report on Thursday, March 14th. Finally, Oppenheimer upped their price target on Visa from $162.00 to $176.00 and gave the company an “outperform” rating in a research report on Wednesday, April 17th. One equities research analyst has rated the stock with a hold rating and twenty-five have issued a buy rating to the company. Visa currently has an average rating of “Buy” and an average price target of $177.08.

In other news, EVP William M. Sheedy sold 75,676 shares of the company’s stock in a transaction dated Tuesday, April 30th. The stock was sold at an average price of $165.24, for a total transaction of $12,504,702.24. Following the completion of the sale, the executive vice president now owns 300,114 shares in the company, valued at approximately $49,590,837.36. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Tullier Kelly Mahon sold 91,046 shares of the company’s stock in a transaction dated Friday, March 15th. The stock was sold at an average price of $156.29, for a total value of $14,229,579.34. Following the sale, the executive vice president now owns 120,602 shares of the company’s stock, valued at approximately $18,848,886.58. The disclosure for this sale can be found here. Insiders own 0.17% of the company’s stock.

Shares of NYSE V opened at $171.59 on Thursday. The company has a current ratio of 1.62, a quick ratio of 1.62 and a debt-to-equity ratio of 0.58. Visa Inc has a one year low of $121.60 and a one year high of $172.18. The stock has a market capitalization of $339.43 billion, a price-to-earnings ratio of 37.22, a PEG ratio of 1.92 and a beta of 0.95.

Visa (NYSE:V) last issued its earnings results on Wednesday, April 24th. The credit-card processor reported $1.31 EPS for the quarter, beating analysts’ consensus estimates of $1.24 by $0.07. Visa had a return on equity of 40.56% and a net margin of 51.34%. The firm had revenue of $5.49 billion for the quarter, compared to the consensus estimate of $5.46 billion. During the same quarter in the previous year, the company posted $1.11 earnings per share. The business’s quarterly revenue was up 8.3% compared to the same quarter last year. On average, equities research analysts anticipate that Visa Inc will post 5.38 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 4th. Shareholders of record on Friday, May 17th were paid a $0.25 dividend. The ex-dividend date was Thursday, May 16th. This represents a $1.00 dividend on an annualized basis and a yield of 0.58%. Visa’s dividend payout ratio (DPR) is currently 21.69%.

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Visa Company 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.

Further Reading: The Role of a Fiduciary and Individual Investors

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Institutional Ownership by Quarter for Visa (NYSE:V)

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