Visa Inc. (NYSE:V) Shares Purchased by Jackson Square Capital LLC

Posted by Defense World Staff on Apr 2nd, 2023

Jackson Square Capital LLC increased its position in shares of Visa Inc. (NYSE:V – Get Rating) by 27.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 22,159 shares of the credit-card processor’s stock after acquiring an additional 4,809 shares during the quarter. Visa makes up approximately 2.2% of Jackson Square Capital LLC’s holdings, making the stock its 11th biggest holding. Jackson Square Capital LLC’s holdings in Visa were worth $4,604,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. boosted its position in Visa by 0.6% during the third quarter. Vanguard Group Inc. now owns 145,236,910 shares of the credit-card processor’s stock worth $25,801,337,000 after acquiring an additional 912,545 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in shares of Visa by 0.4% in the 2nd quarter. Price T Rowe Associates Inc. MD now owns 51,261,821 shares of the credit-card processor’s stock valued at $10,092,940,000 after purchasing an additional 200,057 shares during the last quarter. Alliancebernstein L.P. boosted its holdings in shares of Visa by 7.0% in the 3rd quarter. Alliancebernstein L.P. now owns 27,141,800 shares of the credit-card processor’s stock valued at $4,821,741,000 after purchasing an additional 1,785,695 shares during the last quarter. Jennison Associates LLC boosted its holdings in shares of Visa by 0.6% in the 3rd quarter. Jennison Associates LLC now owns 13,270,127 shares of the credit-card processor’s stock valued at $2,357,438,000 after purchasing an additional 77,186 shares during the last quarter. Finally, Royal Bank of Canada boosted its holdings in shares of Visa by 3.0% in the 3rd quarter. Royal Bank of Canada now owns 13,157,577 shares of the credit-card processor’s stock valued at $2,337,444,000 after purchasing an additional 383,335 shares during the last quarter. Institutional investors and hedge funds own 81.87% of the company’s stock.

Visa Stock Performance

Visa stock opened at $225.46 on Friday. The firm’s fifty day moving average price is $223.58 and its 200 day moving average price is $209.81. The company has a market capitalization of $424.09 billion, a price-to-earnings ratio of 31.53, a price-to-earnings-growth ratio of 1.74 and a beta of 0.97. Visa Inc. has a 12-month low of $174.60 and a 12-month high of $234.30. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.44 and a quick ratio of 1.44.

Visa (NYSE:V – Get Rating) last issued its earnings results on Thursday, January 26th. The credit-card processor reported $2.18 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.01 by $0.17. The business had revenue of $7.90 billion for the quarter, compared to analyst estimates of $7.70 billion. Visa had a net margin of 50.28% and a return on equity of 49.95%. The company’s revenue for the quarter was up 11.9% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.81 EPS. On average, research analysts forecast that Visa Inc. will post 8.43 EPS for the current fiscal year.

Visa Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 1st. Stockholders of record on Friday, February 10th were paid a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 0.80%. The ex-dividend date was Thursday, February 9th. This is a positive change from Visa’s previous quarterly dividend of $0.40. Visa’s dividend payout ratio is 25.17%.

Insider Activity

In other news, President Ryan Mcinerney sold 58,197 shares of the company’s stock in a transaction dated Monday, January 9th. The shares were sold at an average price of $62.47, for a total value of $3,635,566.59. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, President Ryan Mcinerney sold 58,197 shares of the business’s stock in a transaction dated Monday, January 9th. The shares were sold at an average price of $62.47, for a total transaction of $3,635,566.59. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Rajat Taneja sold 61,721 shares of the business’s stock in a transaction dated Friday, February 3rd. The shares were sold at an average price of $229.92, for a total transaction of $14,190,892.32. Following the sale, the insider now directly owns 232,112 shares of the company’s stock, valued at approximately $53,367,191.04. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 191,312 shares of company stock worth $33,751,165. 0.22% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on V. Morgan Stanley lifted their price target on shares of Visa from $284.00 to $288.00 and gave the company an “overweight” rating in a report on Friday, January 27th. Oppenheimer lifted their price target on shares of Visa from $210.00 to $237.00 and gave the company an “outperform” rating in a report on Wednesday, January 25th. Mizuho lifted their price target on shares of Visa from $220.00 to $240.00 and gave the company a “neutral” rating in a report on Monday, January 30th. BMO Capital Markets lifted their price target on shares of Visa from $249.00 to $253.00 and gave the company an “outperform” rating in a report on Friday, January 27th. Finally, StockNews.com raised shares of Visa from a “hold” rating to a “buy” rating in a research note on Thursday, March 23rd. One investment analyst has rated the stock with a sell rating, two have given a hold rating and twenty have issued a buy rating to the company. According to MarketBeat.com, Visa presently has a consensus rating of “Moderate Buy” and an average price target of $259.11.

Visa Company Profile

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Visa, Inc engages in the provision of digital payment services. It also facilitates global commerce through the transfer of value and information among a global network of consumers, merchants, financial institutions, businesses, strategic partners, and government entities. It offers debit cards, credit cards, prepaid products, commercial payment solutions, and global automated teller machines (ATMs).