17,710 Shares in Visa Inc. (NYSE:V) Purchased by Berbice Capital Management LLC

Berbice Capital Management LLC acquired a new position in Visa Inc. (NYSE:V) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 17,710 shares of the credit-card processor’s stock, valued at approximately $5,597,000. Visa accounts for about 4.5% of Berbice Capital Management LLC’s portfolio, making the stock its 9th biggest holding.

Other hedge funds also recently added to or reduced their stakes in the company. SkyView Investment Advisors LLC lifted its position in shares of Visa by 10.3% during the second quarter. SkyView Investment Advisors LLC now owns 20,839 shares of the credit-card processor’s stock valued at $5,470,000 after buying an additional 1,954 shares during the last quarter. Annandale Capital LLC lifted its position in shares of Visa by 48.6% during the second quarter. Annandale Capital LLC now owns 4,584 shares of the credit-card processor’s stock valued at $1,203,000 after buying an additional 1,500 shares during the last quarter. Full Sail Capital LLC lifted its position in shares of Visa by 1.3% during the second quarter. Full Sail Capital LLC now owns 15,041 shares of the credit-card processor’s stock valued at $3,948,000 after buying an additional 187 shares during the last quarter. Aviso Wealth Management lifted its position in shares of Visa by 1.9% during the second quarter. Aviso Wealth Management now owns 5,121 shares of the credit-card processor’s stock valued at $1,344,000 after buying an additional 94 shares during the last quarter. Finally, Buck Wealth Strategies LLC purchased a new stake in shares of Visa during the second quarter valued at about $6,812,000. 82.15% of the stock is owned by hedge funds and other institutional investors.

Visa Trading Up 0.6 %

Visa stock opened at $330.20 on Monday. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 0.55. Visa Inc. has a 12 month low of $252.70 and a 12 month high of $331.09. The stock’s 50 day simple moving average is $314.95 and its two-hundred day simple moving average is $290.59. The firm has a market cap of $615.11 billion, a PE ratio of 33.94, a P/E/G ratio of 2.17 and a beta of 0.96.

Visa (NYSE:V) last announced its earnings results on Tuesday, October 29th. The credit-card processor reported $2.71 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.58 by $0.13. Visa had a return on equity of 53.16% and a net margin of 54.96%. The firm had revenue of $9.62 billion for the quarter, compared to analyst estimates of $9.49 billion. During the same quarter last year, the firm posted $2.33 EPS. The business’s revenue was up 11.7% on a year-over-year basis. Analysts anticipate that Visa Inc. will post 11.19 earnings per share for the current year.

Visa Increases Dividend

The firm also recently announced 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. The ex-dividend date of this dividend was Tuesday, November 12th. This represents a $2.36 dividend on an annualized basis and a dividend yield of 0.71%. Visa’s dividend payout ratio (DPR) is 24.25%.

Wall Street Analyst Weigh In

Several analysts have commented on the stock. Royal Bank of Canada increased their price target on shares of Visa from $311.00 to $322.00 and gave the company an “outperform” rating in a research report on Wednesday, October 30th. Seaport Res Ptn upgraded shares of Visa from a “hold” rating to a “strong-buy” rating in a report on Tuesday, January 14th. Wells Fargo & Company upped their price objective on shares of Visa from $325.00 to $360.00 and gave the company an “overweight” rating in a report on Friday, January 3rd. Keefe, Bruyette & Woods upped their price objective on shares of Visa from $335.00 to $360.00 and gave the company an “outperform” rating in a report on Monday, December 9th. Finally, Macquarie upped their price objective on shares of Visa from $300.00 to $335.00 and gave the company an “outperform” rating in a report on Wednesday, October 30th. Four investment analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Visa presently has an average rating of “Moderate Buy” and a consensus target price of $335.52.

Insider Activity

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