Bfsg LLC Takes $919,000 Position in Visa Inc. (NYSE:V)

Bfsg LLC purchased a new stake in Visa Inc. (NYSE:V) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 3,528 shares of the credit-card processor’s stock, valued at approximately $919,000.

Several other hedge funds and other institutional investors also recently modified their holdings of V. Trifecta Capital Advisors LLC grew its stake in Visa by 2.7% during the third quarter. Trifecta Capital Advisors LLC now owns 20,176 shares of the credit-card processor’s stock valued at $4,641,000 after acquiring an additional 536 shares in the last quarter. Buttonwood Financial Advisors Inc. grew its stake in Visa by 6.0% in the 3rd quarter. Buttonwood Financial Advisors Inc. now owns 16,590 shares of the credit-card processor’s stock worth $3,816,000 after buying an additional 933 shares in the last quarter. Trust Co. of Oklahoma lifted its holdings in shares of Visa by 1.5% in the 3rd quarter. Trust Co. of Oklahoma now owns 31,365 shares of the credit-card processor’s stock worth $7,214,000 after acquiring an additional 453 shares during the last quarter. Relyea Zuckerberg Hanson LLC lifted its holdings in shares of Visa by 1.6% in the 3rd quarter. Relyea Zuckerberg Hanson LLC now owns 5,370 shares of the credit-card processor’s stock worth $1,235,000 after acquiring an additional 86 shares during the last quarter. Finally, Naples Global Advisors LLC lifted its holdings in shares of Visa by 29.8% in the 3rd quarter. Naples Global Advisors LLC now owns 6,747 shares of the credit-card processor’s stock worth $1,552,000 after acquiring an additional 1,550 shares during the last quarter. Institutional investors own 82.15% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on V. Wedbush boosted their price objective on shares of Visa from $280.00 to $300.00 and gave the stock an “outperform” rating in a report on Wednesday. William Blair restated an “outperform” rating on shares of Visa in a report on Wednesday. Robert W. Baird boosted their price objective on shares of Visa from $314.00 to $320.00 and gave the stock an “outperform” rating in a report on Wednesday, April 17th. Wells Fargo & Company upped their price target on shares of Visa from $300.00 to $325.00 and gave the company an “overweight” rating in a report on Wednesday, March 6th. Finally, Citigroup increased their price target on shares of Visa from $314.00 to $321.00 and gave the company a “buy” rating in a research report on Wednesday. Five investment analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $302.58.

Insider Transactions at Visa

In other news, CEO Ryan Mcinerney sold 8,200 shares of the company’s stock in a transaction dated 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 transaction, the chief executive officer now directly owns 538 shares in the company, valued at $150,833.68. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, CEO Ryan Mcinerney sold 8,200 shares of the company’s stock in a transaction dated 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 sale, the chief executive officer now directly owns 538 shares of the company’s stock, valued at $150,833.68. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CAO Peter M. Andreski sold 2,615 shares of the company’s stock in a transaction dated Wednesday, February 7th. The stock was sold at an average price of $278.88, for a total transaction of $729,271.20. Following the completion of the sale, the chief accounting officer now directly owns 4,898 shares of the company’s stock, valued at $1,365,954.24. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 18,965 shares of company stock worth $5,256,352. Insiders own 0.19% of the company’s stock.

Visa Price Performance

V traded down $2.17 during trading hours on Thursday, hitting $272.85. The company’s stock had a trading volume of 1,666,743 shares, compared to its average volume of 5,858,313. The business’s 50-day moving average price is $279.44 and its 200-day moving average price is $263.97. Visa Inc. has a 12 month low of $216.14 and a 12 month high of $290.96. The stock has a market cap of $501.09 billion, a price-to-earnings ratio of 30.29, a P/E/G ratio of 1.89 and a beta of 0.96. The company has a current ratio of 1.45, a quick ratio of 1.45 and a debt-to-equity ratio of 0.54.

Visa (NYSE:V) last announced its quarterly earnings results on Tuesday, April 23rd. The credit-card processor reported $2.51 earnings per share for the quarter, topping the consensus estimate of $2.43 by $0.08. Visa had a net margin of 53.87% and a return on equity of 51.72%. The company had revenue of $8.78 billion for the quarter, compared to analysts’ expectations of $8.62 billion. During the same quarter in the previous year, the business posted $2.09 earnings per share. Visa’s quarterly revenue was up 9.9% on a year-over-year basis. Sell-side analysts expect that Visa Inc. will post 9.88 earnings per share for the current fiscal year.

Visa Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, June 3rd. Stockholders of record on Friday, May 17th will be issued a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a dividend yield of 0.76%. The ex-dividend date is Thursday, May 16th. Visa’s payout ratio is presently 23.24%.

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.