Cypress Advisory Group LLC Purchases New Holdings in Visa Inc. (NYSE:V)

Cypress Advisory Group LLC purchased a new position in shares of Visa Inc. (NYSE:V - Free Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 8,910 shares of the credit-card processor's stock, valued at approximately $2,816,000. Visa makes up 2.6% of Cypress Advisory Group LLC's investment portfolio, making the stock its 9th biggest position.

Several other institutional investors and hedge funds have also made changes to their positions in V. Decker Retirement Planning Inc. acquired a new stake in shares of Visa during the 4th quarter valued at approximately $26,000. Bradley & Co. Private Wealth Management LLC acquired a new position in shares of Visa during the fourth quarter worth about $27,000. POM Investment Strategies LLC grew its holdings in Visa by 48.5% during the 4th quarter. POM Investment Strategies LLC now owns 98 shares of the credit-card processor's stock valued at $31,000 after purchasing an additional 32 shares in the last quarter. Modus Advisors LLC acquired a new position in shares of Visa in the 4th quarter valued at approximately $32,000. Finally, Compass Planning Associates Inc acquired a new stake in shares of Visa in the 4th quarter valued at about $32,000. 82.15% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on V shares. Macquarie reduced their price objective on shares of Visa from $400.00 to $380.00 and set an "outperform" rating for the company in a report on Wednesday. BMO Capital Markets raised their target price on shares of Visa from $370.00 to $380.00 and gave the company an "outperform" rating in a research note on Wednesday. Seaport Res Ptn raised Visa from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, January 14th. Bank of America lifted their price objective on Visa from $331.00 to $363.00 and gave the company a "neutral" rating in a research report on Friday, January 31st. Finally, StockNews.com lowered shares of Visa from a "buy" rating to a "hold" rating in a report on Wednesday, April 16th. Seven investment analysts have rated the stock with a hold rating, twenty have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $362.38.

Visa Stock Performance

V traded up $5.21 during midday trading on Friday, hitting $347.66. 6,112,726 shares of the company traded hands, compared to its average volume of 7,238,581. The firm has a market capitalization of $645.87 billion, a PE ratio of 35.05, a price-to-earnings-growth ratio of 2.33 and a beta of 0.96. The company's 50-day moving average is $337.61 and its 200 day moving average is $324.83. Visa Inc. has a 52 week low of $252.70 and a 52 week high of $366.54. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.45.

Visa (NYSE:V - Get Free Report) last released its quarterly earnings results on Tuesday, April 29th. The credit-card processor reported $2.76 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.68 by $0.08. Visa had a return on equity of 54.79% and a net margin of 54.27%. The business had revenue of $9.59 billion during the quarter, compared to analyst estimates of $9.57 billion. During the same quarter in the previous year, the company posted $2.51 earnings per share. Visa's revenue for the quarter was up 9.3% on a year-over-year basis. On average, research analysts expect that Visa Inc. will post 11.3 EPS for the current year.

Visa Dividend Announcement

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

Insider Buying and Selling

In other Visa news, CEO Ryan Mcinerney sold 8,620 shares of the firm's stock in a transaction on Thursday, May 1st. The stock was sold at an average price of $345.58, for a total transaction of $2,978,899.60. Following the transaction, the chief executive officer now directly owns 537 shares in the company, valued at $185,576.46. This trade represents a 94.14 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Paul D. Fabara sold 39,350 shares of the firm's stock in a transaction dated Friday, March 14th. The shares were sold at an average price of $327.20, for a total transaction of $12,875,320.00. Following the transaction, the insider now directly owns 26,413 shares in the company, valued at $8,642,333.60. This trade represents a 59.84 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 154,400 shares of company stock worth $52,711,258. Corporate insiders own 0.13% of the company's stock.

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.