Strategic Financial Services Inc. Has $5.43 Million Stock Position in Visa Inc. (NYSE:V)

Strategic Financial Services Inc. decreased its position in shares of Visa Inc. (NYSE:V) by 2.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 17,193 shares of the credit-card processor’s stock after selling 406 shares during the period. Visa accounts for approximately 0.3% of Strategic Financial Services Inc.’s portfolio, making the stock its 26th biggest position. Strategic Financial Services Inc.’s holdings in Visa were worth $5,434,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of V. Decker Retirement Planning Inc. bought a new position in Visa during the fourth quarter valued at about $26,000. Bradley & Co. Private Wealth Management LLC bought a new position in Visa during the fourth quarter valued at about $27,000. POM Investment Strategies LLC raised its holdings in Visa by 48.5% during the fourth quarter. POM Investment Strategies LLC now owns 98 shares of the credit-card processor’s stock valued at $31,000 after buying an additional 32 shares in the last quarter. Modus Advisors LLC bought a new position in Visa during the fourth quarter valued at about $32,000. Finally, Compass Planning Associates Inc bought a new position in Visa during the fourth quarter valued at about $32,000. Institutional investors and hedge funds own 82.15% of the company’s stock.

Visa Stock Up 1.5 %

NYSE V opened at $339.92 on Thursday. The company has a market capitalization of $631.50 billion, a price-to-earnings ratio of 34.27, a PEG ratio of 2.33 and a beta of 0.95. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.45. Visa Inc. has a 1-year low of $252.70 and a 1-year high of $366.54. The stock’s 50 day moving average is $339.38 and its two-hundred day moving average is $312.21.

Visa (NYSE:V) last announced its earnings results on Thursday, January 30th. The credit-card processor reported $2.75 EPS 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%. Equities analysts forecast that Visa Inc. will post 11.3 earnings per share for the current fiscal year.

Visa Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Tuesday, February 11th were issued a $0.59 dividend. This represents a $2.36 annualized dividend and a dividend yield of 0.69%. The ex-dividend date was Tuesday, February 11th. Visa’s payout ratio is currently 23.79%.

Insider Transactions at Visa

In related news, General Counsel Julie B. Rottenberg sold 2,572 shares of the business’s stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $340.00, for a total value of $874,480.00. Following the completion of the transaction, the general counsel now owns 11,925 shares in the company, valued at $4,054,500. The trade was a 17.74 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 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 have sold 103,855 shares of company stock valued at $35,165,827 in the last three months. 0.13% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of research firms have recently commented on V. Morgan Stanley lifted their price objective on Visa from $326.00 to $371.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 18th. William Blair reiterated an “outperform” rating on shares of Visa in a research note on Friday, January 31st. Citigroup reiterated a “neutral” rating on shares of Visa in a research note on Thursday, February 13th. Raymond James reiterated an “outperform” rating and issued a $393.00 price objective (up from $374.00) on shares of Visa in a research note on Friday, January 31st. Finally, Keefe, Bruyette & Woods reiterated a “hold” rating on shares of Visa in a research note on Thursday, February 13th. Six equities research analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $353.96.

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.