Tidal Investments LLC Acquires 38,806 Shares of Visa Inc. (NYSE:V)

Tidal Investments LLC lifted its holdings in Visa Inc. (NYSE:V) by 30.3% in the fourth quarter, HoldingsChannel.com reports. The fund owned 166,820 shares of the credit-card processor’s stock after buying an additional 38,806 shares during the quarter. Tidal Investments LLC’s holdings in Visa were worth $52,722,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in V. Regent Peak Wealth Advisors LLC boosted its stake in Visa by 2.5% during the fourth quarter. Regent Peak Wealth Advisors LLC now owns 4,927 shares of the credit-card processor’s stock valued at $1,557,000 after buying an additional 121 shares during the last quarter. Sanders Morris Harris LLC boosted its stake in Visa by 0.4% during the fourth quarter. Sanders Morris Harris LLC now owns 9,623 shares of the credit-card processor’s stock valued at $3,052,000 after buying an additional 37 shares during the last quarter. Ritholtz Wealth Management boosted its stake in Visa by 1.3% during the fourth quarter. Ritholtz Wealth Management now owns 58,338 shares of the credit-card processor’s stock valued at $18,437,000 after buying an additional 766 shares during the last quarter. JGP Wealth Management LLC boosted its stake in Visa by 10.5% during the fourth quarter. JGP Wealth Management LLC now owns 3,762 shares of the credit-card processor’s stock valued at $1,189,000 after buying an additional 357 shares during the last quarter. Finally, Retireful LLC bought a new position in Visa during the fourth quarter valued at approximately $2,335,000. Institutional investors own 82.15% of the company’s stock.

Visa Trading Up 0.8%

V opened at $365.23 on Friday. The stock’s fifty day moving average is $338.59 and its two-hundred day moving average is $329.61. The company has a market capitalization of $673.90 billion, a P/E ratio of 36.82, a PEG ratio of 2.33 and a beta of 0.96. Visa Inc. has a 52 week low of $252.70 and a 52 week high of $366.54. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.45.

Visa (NYSE:V) last released its quarterly earnings data on Tuesday, April 29th. The credit-card processor reported $2.76 EPS for the quarter, topping the consensus estimate of $2.68 by $0.08. The company had revenue of $9.59 billion for the quarter, compared to the consensus estimate of $9.57 billion. Visa had a return on equity of 54.79% and a net margin of 54.27%. Visa’s quarterly revenue was up 9.3% on a year-over-year basis. During the same period last year, the business posted $2.51 EPS. Analysts forecast that Visa Inc. will post 11.3 earnings per share for the current year.

Visa Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 2nd. Shareholders of record on Tuesday, May 13th will be issued a dividend of $0.59 per share. The ex-dividend date is Tuesday, May 13th. This represents a $2.36 annualized dividend and a yield of 0.65%. Visa’s payout ratio is currently 23.72%.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on V shares. William Blair reaffirmed an “outperform” rating on shares of Visa in a research note on Wednesday, April 30th. StockNews.com raised Visa from a “hold” rating to a “buy” rating in a research note on Monday, May 12th. Wells Fargo & Company raised their price objective on Visa from $360.00 to $395.00 and gave the company an “overweight” rating in a research note on Friday, January 31st. Macquarie lowered their price objective on Visa from $400.00 to $380.00 and set an “outperform” rating for the company in a research note on Wednesday, April 30th. Finally, The Goldman Sachs Group raised their price objective on Visa from $346.00 to $384.00 and gave the company a “buy” rating in a research note on Friday, January 31st. Six research analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $362.38.

Insiders Place Their Bets

In other news, CEO Ryan Mcinerney sold 8,620 shares of the firm’s stock in a transaction on Thursday, May 1st. The stock was sold at an average price of $345.58, for a total value of $2,978,899.60. Following the completion of the sale, the chief executive officer now owns 537 shares of the company’s stock, valued at $185,576.46. This trade represents a 94.14% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Paul D. Fabara sold 39,350 shares of the firm’s stock in a transaction 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 directly owns 26,413 shares of the company’s stock, valued at $8,642,333.60. The trade was a 59.84% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 121,948 shares of company stock worth $41,548,282 in the last ninety days. 0.13% of the stock is owned by company insiders.

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.