Visa Inc. (NYSE:V) Shares Bought by Duality Advisers LP

Duality Advisers LP grew its stake in Visa Inc. (NYSE:V) by 67.2% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 25,503 shares of the credit-card processor’s stock after purchasing an additional 10,246 shares during the period. Visa comprises 0.7% of Duality Advisers LP’s investment portfolio, making the stock its 4th biggest position. Duality Advisers LP’s holdings in Visa were worth $6,640,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Trifecta Capital Advisors LLC raised its holdings in Visa by 2.7% in the 3rd quarter. Trifecta Capital Advisors LLC now owns 20,176 shares of the credit-card processor’s stock worth $4,641,000 after purchasing an additional 536 shares during the period. HB Wealth Management LLC raised its holdings in Visa by 7.2% in the 3rd quarter. HB Wealth Management LLC now owns 75,964 shares of the credit-card processor’s stock worth $17,473,000 after purchasing an additional 5,114 shares during the period. Institute for Wealth Management LLC. raised its holdings in Visa by 2.3% in the 3rd quarter. Institute for Wealth Management LLC. now owns 13,979 shares of the credit-card processor’s stock worth $3,215,000 after purchasing an additional 315 shares during the period. Cooper Financial Group raised its holdings in Visa by 6.2% in the 3rd quarter. Cooper Financial Group now owns 7,450 shares of the credit-card processor’s stock worth $1,713,000 after purchasing an additional 433 shares during the period. Finally, Scharf Investments LLC raised its holdings in Visa by 7,058.9% in the 3rd quarter. Scharf Investments LLC now owns 592,904 shares of the credit-card processor’s stock worth $136,374,000 after purchasing an additional 584,622 shares during the period. Institutional investors and hedge funds own 82.15% of the company’s stock.

Analysts Set New Price Targets

V has been the subject of several research reports. TD Cowen initiated coverage on Visa in a research note on Thursday, April 11th. They set a “buy” rating and a $320.00 price objective for the company. Barclays boosted their price objective on Visa from $304.00 to $319.00 and gave the stock an “overweight” rating in a research note on Monday, January 29th. William Blair reiterated an “outperform” rating on shares of Visa in a research note on Friday, January 26th. KeyCorp upped their price target on Visa from $275.00 to $300.00 and gave the company an “overweight” rating in a research report on Monday, January 8th. Finally, Mizuho restated a “neutral” rating and issued a $265.00 price target on shares of Visa in a research report on Wednesday, March 27th. Five equities research analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $298.43.

Visa Trading Up 0.9 %

Shares of Visa stock opened at $272.31 on Tuesday. The firm has a market capitalization of $500.10 billion, a price-to-earnings ratio of 31.34, a PEG ratio of 1.86 and a beta of 0.96. Visa Inc. has a fifty-two week low of $216.14 and a fifty-two week high of $290.96. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.45 and a current ratio of 1.45. The stock has a 50 day moving average of $279.52 and a 200 day moving average of $263.62.

Visa (NYSE:V) last released its quarterly earnings results on Thursday, January 25th. The credit-card processor reported $2.41 EPS for the quarter, topping analysts’ consensus estimates of $2.34 by $0.07. Visa had a return on equity of 50.02% and a net margin of 53.92%. The company had revenue of $8.63 billion for the quarter, compared to analysts’ expectations of $8.55 billion. During the same period in the prior year, the firm earned $2.18 earnings per share. The firm’s revenue was up 9.3% compared to the same quarter last year. As a group, research analysts predict that Visa Inc. will post 9.88 earnings per share for the current year.

Visa Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 1st. Shareholders of record on Friday, February 9th were paid a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a yield of 0.76%. The ex-dividend date of this dividend was Thursday, February 8th. Visa’s dividend payout ratio (DPR) is 23.94%.

Insiders Place Their Bets

In other news, CEO Ryan Mcinerney sold 8,200 shares of the stock in a transaction on Monday, April 1st. The stock was sold at an average price of $280.36, for a total value of $2,298,952.00. Following the sale, the chief executive officer now directly owns 538 shares in the company, valued at $150,833.68. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In related news, CAO Peter M. Andreski sold 2,615 shares of the stock in a transaction on 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 $1,365,954.24. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Ryan Mcinerney sold 8,200 shares of the stock in a transaction on Monday, April 1st. The shares were sold at an average price of $280.36, for a total value of $2,298,952.00. Following the completion of the transaction, the chief executive officer now directly owns 538 shares in the company, valued at approximately $150,833.68. The disclosure for this sale can be found here. Insiders have sold 18,965 shares of company stock worth $5,256,352 over the last ninety days. Corporate insiders own 0.19% of the company’s stock.

Visa Company 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.