Jackson Square Partners LLC Has $8.22 Million Stock Holdings in Visa Inc. (NYSE:V)

Jackson Square Partners LLC trimmed its holdings in Visa Inc. (NYSE:V) by 18.4% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 26,002 shares of the credit-card processor’s stock after selling 5,872 shares during the period. Jackson Square Partners LLC’s holdings in Visa were worth $8,218,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Momentous Wealth Management Inc. bought a new stake in Visa during the 4th quarter valued at approximately $359,000. Florida Financial Advisors LLC lifted its holdings in shares of Visa by 13.0% during the 4th quarter. Florida Financial Advisors LLC now owns 5,051 shares of the credit-card processor’s stock worth $1,596,000 after acquiring an additional 581 shares during the period. Bay Capital Advisors LLC bought a new stake in shares of Visa in the 4th quarter valued at approximately $1,006,000. Potentia Wealth acquired a new position in Visa during the fourth quarter worth $709,000. Finally, PKS Advisory Services LLC bought a new position in Visa during the 4th quarter valued at about $864,000. Institutional investors own 82.15% of the company’s stock.

Insider Transactions at Visa

In related news, insider Paul D. Fabara sold 39,350 shares of the stock in a transaction that occurred on Wednesday, March 19th. The stock was sold at an average price of $340.41, for a total transaction of $13,395,133.50. Following the completion of the transaction, the insider now directly owns 26,413 shares of the company’s stock, valued at approximately $8,991,249.33. This represents a 59.84 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, General Counsel Julie B. Rottenberg sold 2,572 shares of the company’s stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $340.00, for a total transaction of $874,480.00. Following the sale, the general counsel now directly owns 11,925 shares in the company, valued at approximately $4,054,500. The trade was a 17.74 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 143,205 shares of company stock valued at $48,560,961 in the last ninety days. 0.13% of the stock is currently owned by corporate insiders.

Visa Trading Up 2.5 %

NYSE V opened at $343.96 on Tuesday. The stock’s 50-day simple moving average is $341.23 and its two-hundred day simple moving average is $313.75. Visa Inc. has a twelve month low of $252.70 and a twelve month high of $366.54. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.45. The company has a market capitalization of $639.00 billion, a price-to-earnings ratio of 34.67, a PEG ratio of 2.33 and a beta of 0.95.

Visa (NYSE:V) last posted its quarterly earnings results on Thursday, January 30th. The credit-card processor reported $2.75 earnings per share for the quarter, topping the consensus estimate of $2.66 by $0.09. Visa had a net margin of 54.27% and a return on equity of 54.79%. Research analysts forecast that Visa Inc. will post 11.3 EPS for the current fiscal year.

Visa Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Tuesday, February 11th were paid a $0.59 dividend. The ex-dividend date of this dividend was Tuesday, February 11th. This represents a $2.36 annualized dividend and a dividend yield of 0.69%. Visa’s payout ratio is 23.79%.

Analyst Upgrades and Downgrades

V has been the topic of a number of research analyst reports. JPMorgan Chase & Co. increased their price objective on shares of Visa from $340.00 to $375.00 and gave the stock an “overweight” rating in a report on Friday, January 31st. Susquehanna reissued a “positive” rating on shares of Visa in a research note on Friday. Raymond James reissued an “outperform” rating and set a $393.00 price target (up from $374.00) on shares of Visa in a research report on Friday, January 31st. Morgan Stanley boosted their price objective on Visa from $326.00 to $371.00 and gave the company an “overweight” rating in a research report on Wednesday, December 18th. Finally, Seaport Res Ptn raised shares of Visa from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, January 14th. Six equities research analysts have rated the stock with a hold rating, twenty-three have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Visa presently has an average rating of “Moderate Buy” and an average price target of $353.96.

About Visa

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.