Visa Inc. (NYSE:V) Shares Bought by Drake & Associates LLC

Drake & Associates LLC grew its position in shares of Visa Inc. (NYSE:V) by 2.2% during the 4th quarter, Holdings Channel.com reports. The firm owned 2,265 shares of the credit-card processor’s stock after purchasing an additional 49 shares during the quarter. Drake & Associates LLC’s holdings in Visa were worth $590,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of V. Hibernia Wealth Partners LLC purchased a new position in Visa in the third quarter valued at approximately $25,000. Altshuler Shaham Ltd purchased a new position in Visa in the third quarter valued at approximately $25,000. O Brien Wealth Partners LLC acquired a new stake in Visa in the fourth quarter valued at approximately $32,000. Nalls Sherbakoff Group LLC grew its position in Visa by 545.5% in the third quarter. Nalls Sherbakoff Group LLC now owns 142 shares of the credit-card processor’s stock valued at $33,000 after acquiring an additional 120 shares in the last quarter. Finally, Valued Wealth Advisors LLC acquired a new stake in Visa in the fourth quarter valued at approximately $37,000. 82.15% of the stock is currently owned by hedge funds and other institutional investors.

Visa Price Performance

Shares of NYSE V opened at $271.34 on Wednesday. Visa Inc. has a fifty-two week low of $216.14 and a fifty-two week high of $290.96. The firm’s 50-day simple moving average is $279.93 and its 200 day simple moving average is $262.49. The company has a quick ratio of 1.45, a current ratio of 1.45 and a debt-to-equity ratio of 0.54. The stock has a market cap of $498.32 billion, a P/E ratio of 31.22, a P/E/G ratio of 1.87 and a beta of 0.96.

Visa (NYSE:V) last issued its quarterly earnings data on Thursday, January 25th. The credit-card processor reported $2.41 earnings per share for the quarter, beating analysts’ consensus estimates of $2.34 by $0.07. Visa had a net margin of 53.92% and a return on equity of 50.02%. The business had revenue of $8.63 billion for the quarter, compared to analysts’ expectations of $8.55 billion. During the same period in the previous year, the business earned $2.18 earnings per share. The company’s revenue was up 9.3% on a year-over-year basis. Equities analysts expect that Visa Inc. will post 9.89 EPS for the current year.

Visa Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 1st. Shareholders of record on Friday, February 9th were given a $0.52 dividend. This represents a $2.08 annualized dividend and a yield of 0.77%. The ex-dividend date was Thursday, February 8th. Visa’s dividend payout ratio (DPR) is presently 23.94%.

Insiders Place Their Bets

In other Visa news, CAO Peter M. Andreski sold 2,615 shares of the business’s stock in a transaction dated Wednesday, February 7th. The shares were sold at an average price of $278.88, for a total value of $729,271.20. Following the sale, the chief accounting officer now directly owns 4,898 shares in the company, valued at $1,365,954.24. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, CAO Peter M. Andreski sold 2,615 shares of Visa stock in a transaction dated Wednesday, February 7th. The stock was sold at an average price of $278.88, for a total value of $729,271.20. Following the transaction, the chief accounting officer now owns 4,898 shares of the company’s stock, valued at approximately $1,365,954.24. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Rajat Taneja sold 36,546 shares of Visa stock in a transaction dated Friday, January 19th. The stock was sold at an average price of $270.20, for a total value of $9,874,729.20. Following the completion of the transaction, the insider now directly owns 232,112 shares in the company, valued at approximately $62,716,662.40. The disclosure for this sale can be found here. Over the last three months, insiders have sold 55,511 shares of company stock worth $15,131,081. 0.19% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several analysts have issued reports on the stock. Redburn Atlantic reaffirmed a “neutral” rating and issued a $307.00 price objective on shares of Visa in a research report on Wednesday, March 27th. Evercore ISI increased their price objective on shares of Visa from $325.00 to $335.00 and gave the company an “outperform” rating in a research report on Tuesday, March 26th. Royal Bank of Canada raised their price target on shares of Visa from $290.00 to $309.00 and gave the stock an “outperform” rating in a research report on Friday, January 26th. Barclays raised their price target on shares of Visa from $304.00 to $319.00 and gave the stock an “overweight” rating in a research report on Monday, January 29th. Finally, Raymond James raised their price target on shares of Visa from $287.00 to $311.00 and gave the stock an “outperform” rating in a research report on Friday, January 26th. Five research analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $296.87.

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.