Quantum Financial Advisors LLC Has $1.26 Million Position in Visa Inc. (NYSE:V)

Quantum Financial Advisors LLC boosted its holdings in shares of Visa Inc. (NYSE:V) by 2.3% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 3,990 shares of the credit-card processor’s stock after acquiring an additional 88 shares during the period. Quantum Financial Advisors LLC’s holdings in Visa were worth $1,261,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the business. Wulff Hansen & CO. grew its holdings in Visa by 26,951.9% during the second quarter. Wulff Hansen & CO. now owns 1,587,944 shares of the credit-card processor’s stock worth $416,788,000 after buying an additional 1,582,074 shares in the last quarter. WealthPLAN Partners LLC boosted its holdings in Visa by 1.8% during the 2nd quarter. WealthPLAN Partners LLC now owns 14,183 shares of the credit-card processor’s stock worth $3,723,000 after acquiring an additional 254 shares during the last quarter. Luts & Greenleigh Group Inc. bought a new stake in shares of Visa in the 2nd quarter worth $335,000. Lmcg Investments LLC raised its holdings in shares of Visa by 1.7% in the second quarter. Lmcg Investments LLC now owns 73,016 shares of the credit-card processor’s stock valued at $19,165,000 after purchasing an additional 1,228 shares during the last quarter. Finally, Excalibur Management Corp lifted its position in shares of Visa by 0.9% during the second quarter. Excalibur Management Corp now owns 13,407 shares of the credit-card processor’s stock valued at $3,519,000 after purchasing an additional 120 shares in the last quarter. 82.15% of the stock is owned by institutional investors.

Insider Transactions at Visa

In other Visa news, insider Paul D. Fabara sold 2,171 shares of Visa stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $307.97, for a total transaction of $668,602.87. Following the completion of the sale, the insider now directly owns 17,894 shares in the company, valued at $5,510,815.18. The trade was a 10.82 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Ryan Mcinerney sold 8,620 shares of the business’s stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $317.78, for a total transaction of $2,739,263.60. The disclosure for this sale can be found here. Insiders own 0.13% of the company’s stock.

Visa Stock Up 0.8 %

Shares of NYSE V opened at $309.24 on Wednesday. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 0.55. The company has a market cap of $576.08 billion, a P/E ratio of 31.78, a P/E/G ratio of 2.11 and a beta of 0.96. Visa Inc. has a 52 week low of $252.70 and a 52 week high of $321.61. The business has a 50-day simple moving average of $312.76 and a two-hundred day simple moving average of $287.65.

Visa (NYSE:V) last released its quarterly earnings data on Tuesday, October 29th. The credit-card processor reported $2.71 EPS for the quarter, beating analysts’ consensus estimates of $2.58 by $0.13. The company had revenue of $9.62 billion during the quarter, compared to analyst estimates of $9.49 billion. Visa had a net margin of 54.96% and a return on equity of 53.16%. Visa’s revenue was up 11.7% compared to the same quarter last year. During the same period last year, the business earned $2.33 earnings per share. Research analysts anticipate that Visa Inc. will post 11.23 earnings per share for the current fiscal year.

Visa Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, December 2nd. Stockholders of record on Tuesday, November 12th were given a dividend of $0.59 per share. This is a positive change from Visa’s previous quarterly dividend of $0.52. This represents a $2.36 dividend on an annualized basis and a dividend yield of 0.76%. The ex-dividend date was Tuesday, November 12th. Visa’s payout ratio is 24.25%.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the stock. Macquarie increased their price objective on shares of Visa from $300.00 to $335.00 and gave the company an “outperform” rating in a research note on Wednesday, October 30th. Robert W. Baird increased their price target on Visa from $330.00 to $340.00 and gave the company an “outperform” rating in a research report on Wednesday, October 30th. Oppenheimer lifted their price target on Visa from $321.00 to $375.00 and gave the stock an “outperform” rating in a report on Thursday, December 19th. Keefe, Bruyette & Woods upped their price objective on Visa from $335.00 to $360.00 and gave the company an “outperform” rating in a research note on Monday, December 9th. Finally, Citigroup lifted their target price on Visa from $326.00 to $354.00 and gave the stock a “buy” rating in a research note on Tuesday. Four equities research analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Visa has a consensus rating of “Moderate Buy” and a consensus price target of $331.92.

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.