Visa Inc. (NYSE:V) Shares Sold by Mawer Investment Management Ltd.

Mawer Investment Management Ltd. decreased its stake in shares of Visa Inc. (NYSE:V) by 2.5% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,121,063 shares of the credit-card processor’s stock after selling 55,233 shares during the quarter. Visa makes up 2.7% of Mawer Investment Management Ltd.’s investment portfolio, making the stock its 12th biggest holding. Mawer Investment Management Ltd. owned approximately 0.12% of Visa worth $583,186,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently bought and sold shares of the stock. MidAtlantic Capital Management Inc. purchased a new stake in Visa in the third quarter valued at $80,000. Capital City Trust Co. FL grew its holdings in shares of Visa by 1.6% during the third quarter. Capital City Trust Co. FL now owns 25,438 shares of the credit-card processor’s stock worth $6,994,000 after purchasing an additional 399 shares during the last quarter. Mendel Capital Management LLC grew its holdings in shares of Visa by 2.0% during the third quarter. Mendel Capital Management LLC now owns 3,377 shares of the credit-card processor’s stock worth $929,000 after purchasing an additional 67 shares during the last quarter. Holistic Financial Partners grew its holdings in shares of Visa by 2.5% during the third quarter. Holistic Financial Partners now owns 1,877 shares of the credit-card processor’s stock worth $516,000 after purchasing an additional 46 shares during the last quarter. Finally, Richard C. Young & CO. LTD. grew its holdings in shares of Visa by 0.9% during the third quarter. Richard C. Young & CO. LTD. now owns 87,828 shares of the credit-card processor’s stock worth $24,148,000 after purchasing an additional 820 shares during the last quarter. Hedge funds and other institutional investors own 82.15% of the company’s stock.

Insiders Place Their Bets

In other news, CEO Ryan Mcinerney sold 8,620 shares of the business’s stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $276.37, for a total transaction of $2,382,309.40. Following the completion of the sale, the chief executive officer now directly owns 538 shares of the company’s stock, valued at $148,687.06. The trade was a 94.13 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.19% of the stock is owned by corporate insiders.

Visa Price Performance

V stock opened at $310.06 on Monday. The firm has a 50 day moving average of $287.04 and a 200-day moving average of $276.01. Visa Inc. has a 12-month low of $245.60 and a 12-month high of $312.44. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 0.55. The company has a market cap of $565.03 billion, a price-to-earnings ratio of 31.82, a PEG ratio of 2.07 and a beta of 0.95.

Visa (NYSE:V) last issued its quarterly earnings data on Tuesday, October 29th. The credit-card processor reported $2.71 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.58 by $0.13. Visa had a return on equity of 53.16% and a net margin of 54.96%. The firm had revenue of $9.62 billion during the quarter, compared to the consensus estimate of $9.49 billion. During the same period in the previous year, the firm posted $2.33 EPS. The company’s quarterly revenue was up 11.7% compared to the same quarter last year. As a group, equities analysts expect that Visa Inc. will post 11.19 EPS for the current fiscal year.

Visa Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Tuesday, November 12th will be paid a $0.59 dividend. This is a boost from Visa’s previous quarterly dividend of $0.52. This represents a $2.36 annualized dividend and a yield of 0.76%. The ex-dividend date is Tuesday, November 12th. Visa’s payout ratio is presently 24.25%.

Wall Street Analyst Weigh In

V has been the topic of several research reports. Royal Bank of Canada raised their price objective on Visa from $311.00 to $322.00 and gave the stock an “outperform” rating in a report on Wednesday, October 30th. The Goldman Sachs Group reaffirmed a “buy” rating and set a $317.00 price objective on shares of Visa in a report on Thursday, September 12th. Keefe, Bruyette & Woods raised Visa from a “moderate buy” rating to a “strong-buy” rating in a report on Tuesday, September 24th. Morgan Stanley raised their price target on Visa from $322.00 to $326.00 and gave the stock an “overweight” rating in a report on Wednesday, October 30th. Finally, StockNews.com raised Visa from a “hold” rating to a “buy” rating in a report on Friday, August 9th. Four analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $321.74.

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.