Hager Investment Management Services LLC Invests $1.97 Million in Visa Inc. (NYSE:V)

Hager Investment Management Services LLC purchased a new stake in shares of Visa Inc. (NYSE:V) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 6,239 shares of the credit-card processor’s stock, valued at approximately $1,972,000. Visa comprises about 1.2% of Hager Investment Management Services LLC’s investment portfolio, making the stock its 26th biggest position.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in V. Peterson Financial Group Inc. acquired a new position in Visa in the 3rd quarter valued at $26,000. Decker Retirement Planning Inc. bought a new position in Visa during the fourth quarter worth about $26,000. Reston Wealth Management LLC bought a new stake in Visa in the 3rd quarter valued at about $31,000. Modus Advisors LLC acquired a new position in shares of Visa during the 4th quarter worth approximately $32,000. Finally, Sugar Maple Asset Management LLC acquired a new stake in shares of Visa in the fourth quarter valued at approximately $44,000. 82.15% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the company. Barclays upped their target price on Visa from $361.00 to $396.00 and gave the company an “overweight” rating in a research report on Monday, February 3rd. The Goldman Sachs Group increased their price objective on shares of Visa from $346.00 to $384.00 and gave the stock a “buy” rating in a research note on Friday, January 31st. Oppenheimer upped their price target on shares of Visa from $375.00 to $390.00 and gave the stock an “outperform” rating in a report on Friday, January 31st. Morgan Stanley lifted their price objective on shares of Visa from $326.00 to $371.00 and gave the company an “overweight” rating in a research note on Wednesday, December 18th. Finally, Bank of America raised their target price on Visa from $331.00 to $363.00 and gave the company a “neutral” rating in a report on Friday, January 31st. Four investment analysts have rated the stock with a hold rating, twenty-five have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Visa has an average rating of “Moderate Buy” and a consensus target price of $354.73.

Insider Buying and Selling

In related news, CEO Ryan Mcinerney sold 8,620 shares of the stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $317.78, for a total value of $2,739,263.60. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Paul D. Fabara sold 2,171 shares of the business’s stock in a transaction on Friday, November 22nd. The shares were 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 of the company’s stock, valued at $5,510,815.18. This trade represents a 10.82 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 58,056 shares of company stock valued at $19,830,050 over the last ninety days. 0.13% of the stock is owned by corporate insiders.

Visa Price Performance

Shares of NYSE V opened at $348.26 on Friday. The company has a quick ratio of 1.28, a current ratio of 1.12 and a debt-to-equity ratio of 0.45. The company has a market capitalization of $648.77 billion, a PE ratio of 35.11, a P/E/G ratio of 2.30 and a beta of 0.97. The firm has a fifty day simple moving average of $320.41 and a 200 day simple moving average of $295.12. Visa Inc. has a twelve month low of $252.70 and a twelve month high of $351.25.

Visa (NYSE:V) last announced 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%. On average, sell-side analysts forecast that Visa Inc. will post 11.2 EPS for the current year.

Visa Announces Dividend

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

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.