Visa Inc. (NYSE:V) Shares Purchased by Arrowroot Family Office LLC

Arrowroot Family Office LLC increased its holdings in Visa Inc. (NYSE:V - Free Report) by 318.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 3,938 shares of the credit-card processor's stock after buying an additional 2,996 shares during the quarter. Arrowroot Family Office LLC's holdings in Visa were worth $1,245,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Principal Financial Group Inc. lifted its stake in Visa by 7.7% in the 3rd quarter. Principal Financial Group Inc. now owns 5,733,284 shares of the credit-card processor's stock valued at $1,576,366,000 after buying an additional 411,210 shares in the last quarter. Versant Capital Management Inc boosted its stake in shares of Visa by 23.4% in the fourth quarter. Versant Capital Management Inc now owns 4,526 shares of the credit-card processor's stock worth $1,430,000 after acquiring an additional 858 shares during the last quarter. GAMMA Investing LLC increased its position in shares of Visa by 15.2% during the fourth quarter. GAMMA Investing LLC now owns 38,325 shares of the credit-card processor's stock worth $12,112,000 after purchasing an additional 5,055 shares in the last quarter. Modus Advisors LLC acquired a new position in Visa in the 4th quarter valued at $32,000. Finally, First Citizens Financial Corp lifted its holdings in Visa by 108.5% in the 4th quarter. First Citizens Financial Corp now owns 3,575 shares of the credit-card processor's stock valued at $1,130,000 after purchasing an additional 1,860 shares in the last quarter. 82.15% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, insider Tullier Kelly Mahon sold 33,741 shares of the firm's stock in a transaction that occurred on Friday, February 7th. The stock was sold at an average price of $349.77, for a total value of $11,801,589.57. Following the completion of the transaction, the insider now directly owns 36,566 shares of the company's stock, valued at $12,789,689.82. This trade represents a 47.99 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Paul D. Fabara sold 39,350 shares of the business's 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 sale, the insider now owns 26,413 shares in the company, valued at approximately $8,642,333.60. The trade was a 59.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 143,208 shares of company stock valued at $48,905,978. 0.13% of the stock is owned by company insiders.

Visa Stock Down 0.1 %

Shares of Visa stock traded down $0.36 during trading on Tuesday, hitting $348.28. 3,427,185 shares of the stock were exchanged, compared to its average volume of 7,209,961. The stock has a market cap of $647.02 billion, a price-to-earnings ratio of 35.11, a price-to-earnings-growth ratio of 2.33 and a beta of 0.96. The firm's 50-day moving average price is $337.57 and its 200 day moving average price is $325.48. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.12 and a quick ratio of 1.12. Visa Inc. has a 12-month low of $252.70 and a 12-month high of $366.54.

Visa (NYSE:V - Get Free Report) last posted its earnings results on Tuesday, April 29th. The credit-card processor reported $2.76 EPS for the quarter, topping analysts' consensus estimates of $2.68 by $0.08. The business had revenue of $9.59 billion for the quarter, compared to analysts' expectations of $9.57 billion. Visa had a return on equity of 54.79% and a net margin of 54.27%. The business's revenue was up 9.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.51 earnings per share. As a group, analysts forecast that Visa Inc. will post 11.3 earnings per share for the current fiscal year.

Visa Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 2nd. Shareholders of record on Tuesday, May 13th will be paid a dividend of $0.59 per share. This represents a $2.36 annualized dividend and a yield of 0.68%. The ex-dividend date of this dividend is Tuesday, May 13th. Visa's dividend payout ratio is presently 23.72%.

Analyst Ratings Changes

A number of research firms recently weighed in on V. The Goldman Sachs Group boosted their price target on shares of Visa from $346.00 to $384.00 and gave the stock a "buy" rating in a research report on Friday, January 31st. Raymond James reaffirmed an "outperform" rating and issued a $393.00 price target (up previously from $374.00) on shares of Visa in a report on Friday, January 31st. Seaport Res Ptn upgraded Visa from a "hold" rating to a "strong-buy" rating in a report on Tuesday, January 14th. Keefe, Bruyette & Woods restated a "hold" rating on shares of Visa in a research report on Thursday, February 13th. Finally, JPMorgan Chase & Co. increased their price target on shares of Visa from $340.00 to $375.00 and gave the company an "overweight" rating in a research note on Friday, January 31st. Seven analysts have rated the stock with a hold rating, twenty have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $362.38.

Visa 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.