Disciplined Equity Management Inc. Takes Position in Visa Inc. (NYSE:V)

Disciplined Equity Management Inc. purchased a new stake in Visa Inc. (NYSE:V) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 335 shares of the credit-card processor’s stock, valued at approximately $87,000.

A number of other large investors also recently made changes to their positions in the stock. Altshuler Shaham Ltd bought a new stake in shares of Visa in the 3rd quarter valued at $25,000. O Brien Wealth Partners LLC bought a new position in Visa during the 4th quarter worth about $32,000. Nalls Sherbakoff Group LLC increased its holdings in Visa by 545.5% during the 3rd quarter. Nalls Sherbakoff Group LLC now owns 142 shares of the credit-card processor’s stock worth $33,000 after purchasing an additional 120 shares in the last quarter. Valued Wealth Advisors LLC bought a new position in Visa during the 4th quarter worth about $37,000. Finally, Macroview Investment Management LLC increased its holdings in Visa by 1,019.2% during the 3rd quarter. Macroview Investment Management LLC now owns 291 shares of the credit-card processor’s stock worth $67,000 after purchasing an additional 265 shares in the last quarter. Institutional investors and hedge funds own 82.15% of the company’s stock.

Visa Trading Up 0.1 %

V stock traded up $0.29 during midday trading on Thursday, hitting $275.31. The stock had a trading volume of 3,517,171 shares, compared to its average volume of 5,882,609. The firm has a market cap of $505.61 billion, a P/E ratio of 30.80, a price-to-earnings-growth 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 Inc. has a 1-year low of $216.14 and a 1-year high of $290.96. The business has a fifty day moving average price of $279.44 and a two-hundred day moving average price of $263.97.

Visa (NYSE:V) last released its earnings results on Tuesday, April 23rd. The credit-card processor reported $2.51 earnings per share (EPS) for the quarter, beating 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 business had revenue of $8.78 billion for the quarter, compared to analyst estimates of $8.62 billion. During the same quarter in the previous year, the business earned $2.09 earnings per share. Visa’s revenue for the quarter was up 9.9% on a year-over-year basis. On average, sell-side analysts predict that Visa Inc. will post 9.88 earnings per share for the current fiscal year.

Visa Announces Dividend

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

Analyst Ratings Changes

A number of research firms have recently commented on V. Citigroup increased their price objective on shares of Visa from $314.00 to $321.00 and gave the stock a “buy” rating in a research note on Wednesday. Mizuho restated a “neutral” rating and set a $265.00 price objective on shares of Visa in a research note on Wednesday, March 27th. Redburn Atlantic restated a “neutral” rating and set a $307.00 price objective on shares of Visa in a research note on Wednesday, March 27th. Keefe, Bruyette & Woods increased their price objective on shares of Visa from $305.00 to $315.00 and gave the stock an “outperform” rating in a research note on Friday, January 26th. Finally, Macquarie increased their price objective on shares of Visa from $290.00 to $300.00 and gave the stock an “outperform” rating in a research note on Wednesday. Five analysts have rated the stock with a hold rating and twenty have given a buy rating to the stock. According to MarketBeat, Visa currently has an average 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 business’s stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $280.36, for a total transaction 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 is available at this hyperlink. In other Visa news, CAO Peter M. Andreski sold 2,615 shares of the company’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 completion of the sale, the chief accounting officer now directly owns 4,898 shares of the company’s stock, valued at approximately $1,365,954.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Ryan Mcinerney sold 8,200 shares of the company’s stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $280.36, for a total transaction 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 disclosure for this sale can be found here. Insiders sold a total of 18,965 shares of company stock valued at $5,256,352 over the last three months. Corporate insiders own 0.19% of the company’s stock.

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.