Gator Capital Management LLC Purchases 105 Shares of Visa Inc. (NYSE:V)

Gator Capital Management LLC boosted its position in Visa Inc. (NYSE:V) by 4.6% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 2,391 shares of the credit-card processor’s stock after purchasing an additional 105 shares during the period. Gator Capital Management LLC’s holdings in Visa were worth $756,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Decker Retirement Planning Inc. bought a new stake in shares of Visa during the 4th quarter worth $26,000. Bradley & Co. Private Wealth Management LLC purchased a new stake in Visa during the fourth quarter worth about $27,000. POM Investment Strategies LLC raised its position in Visa by 48.5% in the fourth quarter. POM Investment Strategies LLC now owns 98 shares of the credit-card processor’s stock worth $31,000 after acquiring an additional 32 shares during the period. Modus Advisors LLC purchased a new position in Visa in the fourth quarter valued at about $32,000. Finally, Compass Planning Associates Inc bought a new position in shares of Visa during the 4th quarter valued at approximately $32,000. Hedge funds and other institutional investors own 82.15% of the company’s stock.

Insider Buying and Selling

In other Visa news, insider Paul D. Fabara sold 39,350 shares of the company’s stock in a transaction that occurred on Friday, March 14th. The stock was sold at an average price of $327.20, for a total value of $12,875,320.00. Following the completion of the sale, the insider now owns 26,413 shares of the company’s stock, valued at $8,642,333.60. This represents a 59.84 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Ryan Mcinerney sold 8,620 shares of Visa stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $340.00, for a total transaction of $2,930,800.00. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 143,205 shares of company stock worth $48,842,490. Corporate insiders own 0.13% of the company’s stock.

Analyst Upgrades and Downgrades

V has been the topic of several research analyst reports. Susquehanna reiterated a “positive” rating on shares of Visa in a research note on Friday, March 21st. Bank of America boosted their target price on Visa from $331.00 to $363.00 and gave the company a “neutral” rating in a research note on Friday, January 31st. JPMorgan Chase & Co. increased their price target on Visa from $340.00 to $375.00 and gave the stock an “overweight” rating in a research note on Friday, January 31st. Piper Sandler restated an “overweight” rating and issued a $383.00 price objective (up from $368.00) on shares of Visa in a research note on Friday, January 31st. Finally, Citigroup reiterated a “neutral” rating on shares of Visa in a research report on Thursday, February 13th. Five research analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and one has given 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 price target of $355.84.

Visa Stock Performance

NYSE:V opened at $313.46 on Friday. The stock has a market cap of $582.34 billion, a P/E ratio of 31.60, a PEG ratio of 2.33 and a beta of 0.94. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.45. The business’s 50-day moving average price is $345.02 and its two-hundred day moving average price is $317.07. Visa Inc. has a twelve month low of $252.70 and a twelve month high of $366.54.

Visa (NYSE:V) last posted its quarterly earnings data 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 net margin of 54.27% and a return on equity of 54.79%. As a group, equities analysts predict that Visa Inc. will post 11.3 EPS for the current fiscal year.

Visa Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Tuesday, February 11th were issued a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a dividend yield of 0.75%. The ex-dividend date of this dividend was Tuesday, February 11th. Visa’s dividend payout ratio is currently 23.79%.

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.