Parkwood LLC Makes New $9.18 Million Investment in Visa Inc. (NYSE:V)

Parkwood LLC acquired a new stake in Visa Inc. (NYSE:V) during the 4th quarter, Holdings Channel.com reports. The firm acquired 29,048 shares of the credit-card processor’s stock, valued at approximately $9,180,000.

Other hedge funds have also recently bought and sold shares of the company. Regent Peak Wealth Advisors LLC lifted its stake in Visa by 2.5% in the fourth quarter. Regent Peak Wealth Advisors LLC now owns 4,927 shares of the credit-card processor’s stock worth $1,557,000 after acquiring an additional 121 shares during the last quarter. RMR Wealth Builders raised its stake in Visa by 4.5% during the 4th quarter. RMR Wealth Builders now owns 15,885 shares of the credit-card processor’s stock valued at $5,020,000 after acquiring an additional 677 shares during the last quarter. Matrix Trust Co purchased a new stake in shares of Visa during the fourth quarter worth approximately $161,000. Claro Advisors LLC lifted its stake in shares of Visa by 1.7% in the 4th quarter. Claro Advisors LLC now owns 9,350 shares of the credit-card processor’s stock worth $2,955,000 after acquiring an additional 156 shares during the period. Finally, Persium Advisors LLC acquired a new stake in Visa in the fourth quarter valued at about $549,000. Institutional investors and hedge funds own 82.15% of the company’s stock.

Insider Activity

In other Visa news, insider Paul D. Fabara sold 14,813 shares of the stock in a transaction on Thursday, May 8th. The shares were sold at an average price of $355.04, for a total transaction of $5,259,207.52. Following the transaction, the insider now directly owns 26,413 shares in the company, valued at $9,377,671.52. This represents a 35.93% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Ryan Mcinerney sold 8,620 shares of the business’s stock in a transaction dated Tuesday, April 1st. The stock was sold at an average price of $350.44, for a total transaction of $3,020,792.80. Following the completion of the sale, the chief executive officer now directly owns 537 shares of the company’s stock, valued at $188,186.28. The trade was a 94.14% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 121,948 shares of company stock worth $41,548,282. 0.13% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on V shares. Keefe, Bruyette & Woods restated a “hold” rating on shares of Visa in a research note on Thursday, February 13th. JPMorgan Chase & Co. upped their target price on Visa from $340.00 to $375.00 and gave the company an “overweight” rating in a report on Friday, January 31st. Macquarie cut their target price on shares of Visa from $400.00 to $380.00 and set an “outperform” rating for the company in a research report on Wednesday, April 30th. UBS Group lowered their price target on shares of Visa from $400.00 to $395.00 and set a “buy” rating on the stock in a research report on Wednesday, April 30th. Finally, Wells Fargo & Company lifted their price objective on Visa from $360.00 to $395.00 and gave the stock an “overweight” rating in a research report on Friday, January 31st. Six equities research analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $362.38.

Visa Trading Up 0.1%

Shares of V stock opened at $356.13 on Wednesday. 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 fifty-two week low of $252.70 and a fifty-two week high of $366.54. The firm’s 50 day moving average price is $337.30 and its two-hundred day moving average price is $328.04. The stock has a market cap of $661.61 billion, a price-to-earnings ratio of 35.90, a price-to-earnings-growth ratio of 2.33 and a beta of 0.96.

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

Visa Dividend Announcement

The business 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 0.66%. The ex-dividend date is Tuesday, May 13th. Visa’s payout ratio is 23.72%.

Visa Company 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.