Nepsis Inc. Purchases 3,360 Shares of Visa Inc. (NYSE:V)

Nepsis Inc. raised its position in Visa Inc. (NYSE:V) by 5.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 67,752 shares of the credit-card processor’s stock after buying an additional 3,360 shares during the quarter. Visa makes up approximately 3.1% of Nepsis Inc.’s portfolio, making the stock its 7th biggest position. Nepsis Inc.’s holdings in Visa were worth $21,412,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of V. Gradient Investments LLC increased its position in Visa by 22.9% in the 4th quarter. Gradient Investments LLC now owns 148,713 shares of the credit-card processor’s stock valued at $46,999,000 after acquiring an additional 27,686 shares during the period. Wheelhouse Advisory Group LLC grew its stake in shares of Visa by 4.9% in the 4th quarter. Wheelhouse Advisory Group LLC now owns 766 shares of the credit-card processor’s stock valued at $242,000 after purchasing an additional 36 shares during the last quarter. Harel Insurance Investments & Financial Services Ltd. increased its holdings in shares of Visa by 3.9% in the fourth quarter. Harel Insurance Investments & Financial Services Ltd. now owns 160,086 shares of the credit-card processor’s stock valued at $50,594,000 after purchasing an additional 6,036 shares during the period. Exchange Traded Concepts LLC raised its stake in shares of Visa by 50.7% during the fourth quarter. Exchange Traded Concepts LLC now owns 18,937 shares of the credit-card processor’s stock worth $5,985,000 after purchasing an additional 6,370 shares during the last quarter. Finally, Berbice Capital Management LLC acquired a new stake in shares of Visa during the fourth quarter worth $5,597,000. 82.15% of the stock is currently owned by hedge funds and other institutional investors.

Visa Stock Up 0.6 %

Shares of NYSE V opened at $330.20 on Monday. The firm has a market cap of $615.11 billion, a P/E ratio of 33.94, a price-to-earnings-growth ratio of 2.17 and a beta of 0.96. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.28 and a current ratio of 1.28. Visa Inc. has a 1 year low of $252.70 and a 1 year high of $331.09. The firm’s 50 day moving average price is $314.95 and its 200 day moving average price is $290.59.

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

Visa Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 2nd. Stockholders of record on Tuesday, November 12th were issued 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 annualized dividend and a dividend yield of 0.71%. The ex-dividend date of this dividend was Tuesday, November 12th. Visa’s dividend payout ratio is presently 24.25%.

Wall Street Analysts Forecast Growth

V has been the subject of a number of analyst reports. Seaport Res Ptn upgraded shares of Visa from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, January 14th. Morgan Stanley raised their price objective on shares of Visa from $326.00 to $371.00 and gave the company an “overweight” rating in a research report on Wednesday, December 18th. Mizuho boosted their target price on Visa from $279.00 to $292.00 and gave the stock a “neutral” rating in a research report on Friday, November 1st. Bank of America raised their price target on Visa from $314.00 to $331.00 and gave the company a “neutral” rating in a report on Wednesday, January 22nd. Finally, Macquarie upped their price objective on Visa from $300.00 to $335.00 and gave the stock an “outperform” rating in a report on Wednesday, October 30th. Four research analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $335.52.

Insider Buying and Selling

In related news, insider Paul D. Fabara sold 2,171 shares of the 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 owns 17,894 shares of the company’s stock, valued at approximately $5,510,815.18. This represents a 10.82 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Ryan Mcinerney sold 8,620 shares of Visa stock in a transaction that occurred on Thursday, January 2nd. The shares were 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. Corporate insiders own 0.13% of the company’s stock.

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.