Visa Inc. (NYSE:V) Stock Position Boosted by Dock Street Asset Management Inc.

Dock Street Asset Management Inc. increased its holdings in shares of Visa Inc. (NYSE:V) by 1.2% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 145,372 shares of the credit-card processor’s stock after purchasing an additional 1,714 shares during the period. Visa accounts for about 5.5% of Dock Street Asset Management Inc.’s holdings, making the stock its 5th biggest holding. Dock Street Asset Management Inc.’s holdings in Visa were worth $45,943,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Montis Financial LLC purchased a new position in shares of Visa in the third quarter valued at $374,000. Mechanics Bank Trust Department lifted its holdings in Visa by 1.2% in the 3rd quarter. Mechanics Bank Trust Department now owns 32,846 shares of the credit-card processor’s stock worth $9,031,000 after buying an additional 386 shares in the last quarter. Annex Advisory Services LLC boosted its position in Visa by 15.3% in the 3rd quarter. Annex Advisory Services LLC now owns 151,319 shares of the credit-card processor’s stock valued at $41,605,000 after buying an additional 20,109 shares during the last quarter. Carnegie Investment Counsel grew its stake in shares of Visa by 7.4% during the third quarter. Carnegie Investment Counsel now owns 103,481 shares of the credit-card processor’s stock valued at $28,452,000 after acquiring an additional 7,106 shares in the last quarter. Finally, CHICAGO TRUST Co NA grew its stake in shares of Visa by 0.8% during the third quarter. CHICAGO TRUST Co NA now owns 20,496 shares of the credit-card processor’s stock valued at $5,635,000 after acquiring an additional 170 shares in the last quarter. 82.15% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Visa

In other Visa news, insider Paul D. Fabara sold 2,171 shares of the company’s stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $307.97, for a total value of $668,602.87. Following the completion of the sale, the insider now directly owns 17,894 shares in the company, valued at $5,510,815.18. This represents a 10.82 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CAO Peter M. Andreski sold 2,332 shares of the stock in a transaction on Friday, February 7th. The shares were sold at an average price of $349.62, for a total value of $815,313.84. Following the transaction, the chief accounting officer now directly owns 4,488 shares of the company’s stock, valued at approximately $1,569,094.56. The trade was a 34.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 58,056 shares of company stock worth $19,830,050 in the last 90 days. Corporate insiders own 0.13% of the company’s stock.

Visa Price Performance

Shares of NYSE:V opened at $348.26 on Monday. The firm’s 50 day moving average is $321.08 and its two-hundred day moving average is $295.90. The firm has a market capitalization of $647.00 billion, a P/E ratio of 35.11, a PEG ratio of 2.32 and a beta of 0.97. The company has a current ratio of 1.12, a quick ratio of 1.28 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 $351.25.

Visa (NYSE:V) last posted its earnings results on Thursday, January 30th. The credit-card processor reported $2.75 EPS for the quarter, beating the consensus estimate of $2.66 by $0.09. Visa had a return on equity of 54.79% and a net margin of 54.27%. Analysts anticipate that Visa Inc. will post 11.27 earnings per share for the current year.

Visa Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 3rd. Investors of record on Tuesday, February 11th will be issued a $0.59 dividend. This represents a $2.36 annualized dividend and a yield of 0.68%. The ex-dividend date of this dividend is Tuesday, February 11th. Visa’s payout ratio is currently 23.79%.

Analyst Ratings Changes

Several research analysts recently commented on V shares. UBS Group increased their price target on Visa from $350.00 to $400.00 and gave the company a “buy” rating in a report on Friday, January 31st. Deutsche Bank Aktiengesellschaft increased their target price on Visa from $300.00 to $340.00 and gave the company a “buy” rating in a research note on Wednesday, October 30th. Robert W. Baird lifted their price target on shares of Visa from $330.00 to $340.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 30th. Morgan Stanley upped their price target on shares of Visa from $326.00 to $371.00 and gave the company an “overweight” rating in a report on Wednesday, December 18th. Finally, Barclays raised their price objective on shares of Visa from $361.00 to $396.00 and gave the stock an “overweight” rating in a report on Monday, February 3rd. Four equities research analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Visa currently has a consensus rating of “Moderate Buy” and an average price target of $354.73.

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.