Visa Inc. (NYSE:V) Shares Purchased by WBI Investments LLC

WBI Investments LLC lifted its stake in shares of Visa Inc. (NYSE:V) by 176.3% during the fourth quarter, Holdings Channel reports. The fund owned 7,963 shares of the credit-card processor’s stock after acquiring an additional 5,081 shares during the period. WBI Investments LLC’s holdings in Visa were worth $2,517,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Bradley & Co. Private Wealth Management LLC purchased a new stake in shares of Visa during the fourth quarter worth approximately $27,000. POM Investment Strategies LLC boosted its holdings in shares of Visa by 48.5% during the fourth quarter. POM Investment Strategies LLC now owns 98 shares of the credit-card processor’s stock worth $31,000 after purchasing an additional 32 shares during the last quarter. Compass Planning Associates Inc acquired a new position in Visa during the fourth quarter worth approximately $32,000. FPC Investment Advisory Inc. increased its position in Visa by 377.3% during the 4th quarter. FPC Investment Advisory Inc. now owns 105 shares of the credit-card processor’s stock worth $36,000 after purchasing an additional 83 shares in the last quarter. Finally, NewSquare Capital LLC acquired a new stake in Visa in the fourth quarter valued at approximately $35,000. 82.15% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, insider Paul D. Fabara sold 39,350 shares of the 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 directly owns 26,413 shares of the company’s stock, valued at approximately $8,642,333.60. This represents a 59.84% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Ryan Mcinerney sold 8,620 shares of Visa stock in a transaction on Tuesday, April 1st. The shares were sold at an average price of $350.44, for a total value of $3,020,792.80. Following the transaction, the chief executive officer now directly owns 537 shares of the company’s stock, valued at approximately $188,186.28. The trade was a 94.14% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 121,948 shares of company stock worth $41,548,282. Corporate insiders own 0.13% of the company’s stock.

Visa Trading Up 0.8%

V stock opened at $365.23 on Monday. The business has a fifty day simple moving average of $338.59 and a 200-day simple moving average of $329.89. 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 Inc. has a 52 week low of $252.70 and a 52 week high of $366.54. The company has a market cap of $673.90 billion, a price-to-earnings ratio of 36.82, a PEG ratio of 2.33 and a beta of 0.96.

Visa (NYSE:V) last issued its quarterly earnings data on Tuesday, April 29th. The credit-card processor reported $2.76 EPS for the quarter, topping analysts’ consensus estimates of $2.68 by $0.08. Visa had a return on equity of 54.79% and a net margin of 54.27%. The firm had revenue of $9.59 billion during the quarter, compared to the consensus estimate of $9.57 billion. During the same period in the prior year, the business earned $2.51 EPS. The firm’s revenue was up 9.3% on a year-over-year basis. On average, equities research analysts expect that Visa Inc. will post 11.3 EPS for the current year.

Visa Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, June 2nd. Stockholders of record on Tuesday, May 13th will be given a $0.59 dividend. This represents a $2.36 annualized dividend and a dividend yield of 0.65%. The ex-dividend date of this dividend is Tuesday, May 13th. Visa’s dividend payout ratio (DPR) is currently 23.72%.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on V shares. Barclays increased their target price on shares of Visa from $361.00 to $396.00 and gave the stock an “overweight” rating in a report on Monday, February 3rd. Macquarie reduced their price objective on shares of Visa from $400.00 to $380.00 and set an “outperform” rating for the company in a research note on Wednesday, April 30th. StockNews.com upgraded shares of Visa from a “hold” rating to a “buy” rating in a report on Monday, May 12th. BMO Capital Markets raised their price objective on Visa from $370.00 to $380.00 and gave the company an “outperform” rating in a research note on Wednesday, April 30th. Finally, Evercore ISI started coverage on shares of Visa in a research report on Wednesday, April 9th. They issued an “in-line” rating and a $330.00 price target on the stock. Six research analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Visa presently has a consensus rating of “Moderate Buy” and an average target price of $362.38.

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.