Visa Inc. (NYSE:V) Shares Purchased by Davidson Investment Advisors

Davidson Investment Advisors increased its position in shares of Visa Inc. (NYSE:V) by 1.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 86,830 shares of the credit-card processor’s stock after acquiring an additional 1,459 shares during the period. Visa makes up about 1.3% of Davidson Investment Advisors’ investment portfolio, making the stock its 21st largest position. Davidson Investment Advisors’ holdings in Visa were worth $27,442,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the company. Ramsay Stattman Vela & Price Inc. grew its holdings in Visa by 0.3% during the fourth quarter. Ramsay Stattman Vela & Price Inc. now owns 55,644 shares of the credit-card processor’s stock worth $17,586,000 after acquiring an additional 192 shares during the period. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors grew its holdings in Visa by 13.7% during the fourth quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors now owns 1,408 shares of the credit-card processor’s stock worth $445,000 after acquiring an additional 170 shares during the period. Valley Wealth Managers Inc. grew its holdings in Visa by 12.7% during the fourth quarter. Valley Wealth Managers Inc. now owns 5,017 shares of the credit-card processor’s stock worth $1,586,000 after acquiring an additional 564 shares during the period. BKM Wealth Management LLC acquired a new position in Visa during the fourth quarter worth about $290,000. Finally, GAM Holding AG grew its holdings in Visa by 5.1% during the fourth quarter. GAM Holding AG now owns 83,671 shares of the credit-card processor’s stock worth $26,443,000 after acquiring an additional 4,077 shares during the period. 82.15% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, insider Tullier Kelly Mahon sold 33,741 shares of the business’s stock in a transaction that occurred on Friday, February 7th. The stock was sold at an average price of $349.77, for a total value of $11,801,589.57. Following the completion of the sale, the insider now directly owns 36,566 shares in the company, valued at approximately $12,789,689.82. The trade was a 47.99 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CAO Peter M. Andreski sold 2,332 shares of the company’s stock in a transaction that occurred on Friday, February 7th. The stock was sold at an average price of $349.62, for a total value of $815,313.84. Following the transaction, the chief accounting officer now owns 4,488 shares of the company’s stock, valued at approximately $1,569,094.56. This trade represents a 34.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 55,885 shares of company stock worth $19,161,447. 0.13% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on V. Barclays lifted their price target on Visa from $361.00 to $396.00 and gave the stock an “overweight” rating in a research note on Monday, February 3rd. Macquarie lifted their price target on Visa from $300.00 to $335.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 30th. William Blair reissued an “outperform” rating on shares of Visa in a research note on Friday, January 31st. Deutsche Bank Aktiengesellschaft lifted their price target on Visa from $300.00 to $340.00 and gave the stock a “buy” rating in a research note on Wednesday, October 30th. Finally, Oppenheimer lifted their price target on Visa from $375.00 to $390.00 and gave the stock an “outperform” rating in a research note on Friday, January 31st. Four equities research analysts have rated the stock with a hold rating, twenty-five have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $354.73.

Visa Stock Down 1.3 %

Shares of Visa stock opened at $350.45 on Friday. The firm has a market cap of $651.05 billion, a price-to-earnings ratio of 35.33, a P/E/G ratio of 2.37 and a beta of 0.97. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.12 and a quick ratio of 1.12. Visa Inc. has a 52-week low of $252.70 and a 52-week high of $357.15. The stock has a 50-day simple moving average of $328.47 and a 200-day simple moving average of $301.39.

Visa (NYSE:V) last posted its earnings results on Thursday, January 30th. The credit-card processor reported $2.75 earnings per share for the quarter, topping the consensus estimate of $2.66 by $0.09. Visa had a return on equity of 54.79% and a net margin of 54.27%. On average, equities research analysts expect that Visa Inc. will post 11.3 earnings per share for the current fiscal year.

Visa Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, March 3rd. Investors of record on Tuesday, February 11th will be issued a $0.59 dividend. The ex-dividend date is Tuesday, February 11th. This represents a $2.36 annualized dividend and a yield of 0.67%. Visa’s dividend payout ratio (DPR) is currently 23.79%.

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.