Marshall Wace North America L.P. Cuts Holdings in Visa Inc (NYSE:V)

Marshall Wace North America L.P. cut its holdings in Visa Inc (NYSE:V) by 60.8% during the first quarter, Holdings Channel reports. The firm owned 532,263 shares of the credit-card processor’s stock after selling 824,439 shares during the quarter. Marshall Wace North America L.P.’s holdings in Visa were worth $83,134,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. increased its holdings in Visa by 0.5% during the third quarter. Vanguard Group Inc. now owns 133,049,441 shares of the credit-card processor’s stock worth $19,969,390,000 after buying an additional 640,593 shares during the last quarter. Vanguard Group Inc increased its holdings in Visa by 0.5% during the third quarter. Vanguard Group Inc now owns 133,049,441 shares of the credit-card processor’s stock worth $19,969,390,000 after buying an additional 640,593 shares during the last quarter. Oregon Public Employees Retirement Fund increased its holdings in Visa by 11,319.8% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 86,570,056 shares of the credit-card processor’s stock worth $656,000 after buying an additional 85,811,983 shares during the last quarter. Morgan Stanley increased its holdings in Visa by 3.9% during the third quarter. Morgan Stanley now owns 29,757,958 shares of the credit-card processor’s stock worth $4,466,371,000 after buying an additional 1,119,197 shares during the last quarter. Finally, Lunia Capital LP increased its holdings in Visa by 13,370.7% during the fourth quarter. Lunia Capital LP now owns 23,454,446 shares of the credit-card processor’s stock worth $23,454,000 after buying an additional 23,280,332 shares during the last quarter. Institutional investors own 81.04% of the company’s stock.

V has been the topic of a number of recent analyst reports. Deutsche Bank boosted their target price on shares of Visa from $160.00 to $177.00 and gave the stock a “buy” rating in a report on Thursday, March 21st. Robert W. Baird set a $182.00 target price on shares of Visa and gave the stock an “outperform” rating in a report on Wednesday, May 8th. Zacks Investment Research upgraded shares of Visa from a “hold” rating to a “buy” rating and set a $185.00 target price on the stock in a report on Friday, May 17th. Nomura boosted their target price on shares of Visa from $175.00 to $178.00 and gave the stock a “buy” rating in a report on Thursday, April 25th. Finally, BMO Capital Markets boosted their target price on shares of Visa to $214.00 and gave the stock an “outperform” rating in a report on Friday, April 26th. Two research analysts have rated the stock with a hold rating and twenty-four have issued a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $178.17.

In other Visa news, EVP William M. Sheedy sold 75,676 shares of Visa stock in a transaction on Tuesday, April 30th. The shares were sold at an average price of $165.24, for a total transaction of $12,504,702.24. Following the completion of the transaction, the executive vice president now directly owns 300,114 shares of the company’s stock, valued at $49,590,837.36. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 0.17% of the company’s stock.

V stock traded up $0.31 during midday trading on Friday, reaching $169.66. 4,999,903 shares of the company were exchanged, compared to its average volume of 6,732,639. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.62 and a quick ratio of 1.62. Visa Inc has a one year low of $121.60 and a one year high of $172.20. The stock has a market cap of $338.65 billion, a price-to-earnings ratio of 36.80, a price-to-earnings-growth ratio of 1.92 and a beta of 0.96.

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

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 4th. Shareholders of record on Friday, May 17th were given a dividend of $0.25 per share. The ex-dividend date was Thursday, May 16th. This represents a $1.00 dividend on an annualized basis and a yield of 0.59%. Visa’s dividend payout ratio (DPR) is 21.69%.

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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.

Further Reading: Overbought

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Institutional Ownership by Quarter for Visa (NYSE:V)

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