Durante & Waters LLC Takes Position in Visa Inc. (NYSE:V)

Durante & Waters LLC acquired a new stake in Visa Inc. (NYSE:VFree Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 770 shares of the credit-card processor’s stock, valued at approximately $200,000. Visa makes up about 0.2% of Durante & Waters LLC’s holdings, making the stock its 29th biggest position.

Other institutional investors have also modified their holdings of the company. Investment Advisory Services Inc. TX ADV boosted its holdings in Visa by 2.0% in the third quarter. Investment Advisory Services Inc. TX ADV now owns 3,930 shares of the credit-card processor’s stock valued at $904,000 after purchasing an additional 78 shares during the period. Camarda Financial Advisors LLC boosted its holdings in Visa by 3.0% in the second quarter. Camarda Financial Advisors LLC now owns 6,249 shares of the credit-card processor’s stock valued at $1,484,000 after purchasing an additional 182 shares during the period. Wayfinding Financial LLC boosted its holdings in Visa by 10.1% in the third quarter. Wayfinding Financial LLC now owns 1,757 shares of the credit-card processor’s stock valued at $406,000 after purchasing an additional 161 shares during the period. Richelieu Gestion SA purchased a new position in Visa in the fourth quarter valued at $307,000. Finally, Orion Portfolio Solutions LLC boosted its holdings in Visa by 5,907.4% in the second quarter. Orion Portfolio Solutions LLC now owns 221,012 shares of the credit-card processor’s stock valued at $52,486,000 after purchasing an additional 217,333 shares during the period. 82.15% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

V has been the subject of a number of recent research reports. Mizuho reiterated a “neutral” rating and issued a $265.00 target price on shares of Visa in a report on Wednesday, March 27th. Keefe, Bruyette & Woods lifted their price target on Visa from $305.00 to $315.00 and gave the stock an “outperform” rating in a report on Friday, January 26th. Evercore ISI lifted their price target on Visa from $325.00 to $335.00 and gave the stock an “outperform” rating in a report on Tuesday, March 26th. Wedbush lifted their price target on Visa from $270.00 to $280.00 and gave the stock an “outperform” rating in a report on Friday, January 26th. Finally, Jefferies Financial Group lifted their price target on Visa from $280.00 to $295.00 and gave the stock a “buy” rating in a report on Tuesday, December 12th. Five research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $295.82.

Read Our Latest Research Report on V

Visa Stock Up 0.1 %

V opened at $278.55 on Wednesday. The business’s 50-day simple moving average is $279.62 and its 200-day simple moving average is $259.44. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.45 and a current ratio of 1.45. Visa Inc. has a one year low of $216.14 and a one year high of $290.96. The stock has a market capitalization of $511.56 billion, a P/E ratio of 32.05, a price-to-earnings-growth ratio of 1.92 and a beta of 0.96.

Visa (NYSE:VGet Free Report) last issued its quarterly earnings results on Thursday, January 25th. The credit-card processor reported $2.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.34 by $0.07. The firm had revenue of $8.63 billion for the quarter, compared to analysts’ expectations of $8.55 billion. Visa had a return on equity of 50.02% and a net margin of 53.92%. The firm’s revenue for the quarter was up 9.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.18 EPS. Analysts anticipate that Visa Inc. will post 9.89 EPS for the current year.

Visa Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 1st. Investors of record on Friday, February 9th were given a $0.52 dividend. This represents a $2.08 annualized dividend and a yield of 0.75%. The ex-dividend date of this dividend was Thursday, February 8th. Visa’s dividend payout ratio (DPR) is presently 23.94%.

Insider Activity at Visa

In related news, insider Rajat Taneja sold 36,546 shares of the business’s stock in a transaction dated Friday, January 19th. The stock was sold at an average price of $270.20, for a total value of $9,874,729.20. Following the transaction, the insider now owns 232,112 shares in the company, valued at approximately $62,716,662.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Visa news, CEO Ryan Mcinerney sold 8,150 shares of the business’s stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $273.39, for a total transaction of $2,228,128.50. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Rajat Taneja sold 36,546 shares of the business’s stock in a transaction that occurred on Friday, January 19th. The stock was sold at an average price of $270.20, for a total value of $9,874,729.20. Following the transaction, the insider now owns 232,112 shares in the company, valued at approximately $62,716,662.40. The disclosure for this sale can be found here. Insiders have sold 55,511 shares of company stock worth $15,131,081 in the last quarter. Company insiders own 0.19% of the company’s stock.

Visa Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Visa (NYSE:V)

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