Lynch & Associates IN increased its stake in Visa Inc. (NYSE:V – Free Report) by 9.7% in the 4th quarter, HoldingsChannel reports. The fund owned 7,767 shares of the credit-card processor’s stock after acquiring an additional 687 shares during the period. Lynch & Associates IN’s holdings in Visa were worth $2,455,000 at the end of the most recent reporting period.
A number of other hedge funds have also made changes to their positions in the stock. AdvisorShares Investments LLC raised its stake in Visa by 4.3% during the 2nd quarter. AdvisorShares Investments LLC now owns 1,695 shares of the credit-card processor’s stock valued at $446,000 after purchasing an additional 70 shares during the period. Qsemble Capital Management LP boosted its position in Visa by 187.7% during the 2nd quarter. Qsemble Capital Management LP now owns 15,550 shares of the credit-card processor’s stock worth $4,081,000 after acquiring an additional 10,146 shares during the period. Cibc World Market Inc. grew its stake in Visa by 2.2% during the 2nd quarter. Cibc World Market Inc. now owns 882,371 shares of the credit-card processor’s stock valued at $231,596,000 after acquiring an additional 19,232 shares in the last quarter. Y.D. More Investments Ltd increased its holdings in shares of Visa by 9.4% in the 2nd quarter. Y.D. More Investments Ltd now owns 17,109 shares of the credit-card processor’s stock valued at $4,490,000 after purchasing an additional 1,466 shares during the period. Finally, Achmea Investment Management B.V. boosted its holdings in shares of Visa by 3.5% during the second quarter. Achmea Investment Management B.V. now owns 185,329 shares of the credit-card processor’s stock worth $48,644,000 after purchasing an additional 6,253 shares during the period. Institutional investors and hedge funds own 82.15% of the company’s stock.
Analyst Ratings Changes
V has been the subject of a number of recent research reports. The Goldman Sachs Group reaffirmed a “buy” rating and set a $317.00 price target on shares of Visa in a research note on Thursday, September 12th. Macquarie increased their price target on shares of Visa from $300.00 to $335.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 30th. Citigroup upped their price objective on shares of Visa from $319.00 to $326.00 and gave the stock a “buy” rating in a report on Wednesday, October 30th. Susquehanna increased their price objective on Visa from $339.00 to $375.00 and gave the company a “positive” rating in a report on Wednesday, December 11th. Finally, Jefferies Financial Group upped their price target on shares of Visa from $320.00 to $330.00 and gave the company a “buy” rating in a report on Wednesday, October 30th. Four analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Visa has a consensus rating of “Moderate Buy” and a consensus price target of $330.85.
Insider Buying and Selling
In related news, insider Paul D. Fabara sold 2,171 shares of the business’s stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $307.97, for a total transaction of $668,602.87. Following the sale, the insider now owns 17,894 shares in the company, valued at $5,510,815.18. The trade was a 10.82 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Ryan Mcinerney sold 8,620 shares of the firm’s stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $317.78, for a total transaction of $2,739,263.60. The disclosure for this sale can be found here. 0.13% of the stock is owned by insiders.
Visa Stock Performance
V stock traded down $4.89 during trading hours on Friday, reaching $307.71. The stock had a trading volume of 6,659,452 shares, compared to its average volume of 5,485,750. The stock has a market capitalization of $573.23 billion, a PE ratio of 31.62, a price-to-earnings-growth ratio of 2.11 and a beta of 0.96. The stock has a 50-day simple moving average of $311.80 and a 200 day simple moving average of $286.63. Visa Inc. has a fifty-two week low of $252.70 and a fifty-two week high of $321.61. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.28 and a quick ratio of 1.28.
Visa (NYSE:V – Get Free Report) last posted its earnings results on Tuesday, October 29th. The credit-card processor reported $2.71 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.58 by $0.13. Visa had a net margin of 54.96% and a return on equity of 53.16%. The company had revenue of $9.62 billion during the quarter, compared to analysts’ expectations of $9.49 billion. During the same quarter last year, the company posted $2.33 EPS. Visa’s quarterly revenue was up 11.7% compared to the same quarter last year. Analysts predict that Visa Inc. will post 11.23 EPS for the current fiscal year.
Visa Increases Dividend
The firm also recently declared a quarterly dividend, which was paid on Monday, December 2nd. Investors of record on Tuesday, November 12th were paid a $0.59 dividend. The ex-dividend date was Tuesday, November 12th. This is an increase from Visa’s previous quarterly dividend of $0.52. This represents a $2.36 annualized dividend and a dividend yield of 0.77%. Visa’s dividend payout ratio is 24.25%.
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.
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