Globeflex Capital L P Has $31.83 Million Stake in Visa Inc. (NYSE:V)

Globeflex Capital L P increased its holdings in shares of Visa Inc. (NYSE:V) by 24,463.4% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 100,710 shares of the credit-card processor’s stock after purchasing an additional 100,300 shares during the period. Visa accounts for approximately 2.7% of Globeflex Capital L P’s holdings, making the stock its 8th largest position. Globeflex Capital L P’s holdings in Visa were worth $31,828,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of V. Peterson Financial Group Inc. bought a new position in Visa during the third quarter worth about $26,000. Decker Retirement Planning Inc. bought a new position in Visa during the fourth quarter worth about $26,000. Bradley & Co. Private Wealth Management LLC bought a new position in Visa during the fourth quarter worth about $27,000. POM Investment Strategies LLC grew its holdings in Visa by 48.5% during the fourth quarter. POM Investment Strategies LLC now owns 98 shares of the credit-card processor’s stock worth $31,000 after purchasing an additional 32 shares during the period. Finally, Modus Advisors LLC acquired a new stake in Visa during the fourth quarter worth approximately $32,000. Institutional investors own 82.15% of the company’s stock.

Visa Stock Performance

NYSE V opened at $331.72 on Friday. The firm’s fifty day moving average price is $337.96 and its two-hundred day moving average price is $310.62. The stock has a market cap of $616.26 billion, a PE ratio of 33.44, a PEG ratio of 2.33 and a beta of 0.95. Visa Inc. has a fifty-two week low of $252.70 and a fifty-two week high of $366.54. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.12 and a current ratio of 1.12.

Visa (NYSE:V) last posted its quarterly earnings data on Thursday, January 30th. The credit-card processor reported $2.75 earnings per share for the quarter, beating analysts’ consensus estimates of $2.66 by $0.09. Visa had a return on equity of 54.79% and a net margin of 54.27%. On average, equities analysts expect that Visa Inc. will post 11.3 EPS for the current fiscal year.

Visa Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Tuesday, February 11th were issued a $0.59 dividend. The ex-dividend date was Tuesday, February 11th. This represents a $2.36 dividend on an annualized basis and a yield of 0.71%. Visa’s payout ratio is 23.79%.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the stock. Bank of America raised their price objective on shares of Visa from $331.00 to $363.00 and gave the stock a “neutral” rating in a research report on Friday, January 31st. Susquehanna raised their price objective on shares of Visa from $395.00 to $410.00 and gave the stock a “positive” rating in a research report on Friday, February 21st. William Blair restated an “outperform” rating on shares of Visa in a research report on Friday, January 31st. Raymond James restated an “outperform” rating and set a $393.00 price objective (up from $374.00) on shares of Visa in a research report on Friday, January 31st. Finally, Keefe, Bruyette & Woods reiterated a “hold” rating on shares of Visa in a research report on Thursday, February 13th. Seven equities research analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $353.96.

Insider Activity at Visa

In related news, insider Paul D. Fabara sold 39,350 shares of the stock in a transaction on Friday, March 14th. The stock was sold at an average price of $327.20, for a total value of $12,875,320.00. Following the completion of the sale, the insider now directly owns 26,413 shares in the company, valued at $8,642,333.60. This represents a 59.84 % 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, insider Tullier Kelly Mahon sold 33,741 shares of the company’s stock in a transaction on Friday, February 7th. The shares were sold at an average price of $349.77, for a total transaction of $11,801,589.57. Following the sale, the insider now directly owns 36,566 shares in the company, valued at $12,789,689.82. This trade represents a 47.99 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 103,855 shares of company stock worth $35,165,827 over the last three months. Company insiders own 0.13% of the company’s stock.

About Visa

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.