Sunbeam Capital Management LLC Buys Shares of 1,553 Visa Inc. (NYSE:V)

Sunbeam Capital Management LLC purchased a new position in shares of Visa Inc. (NYSE:V - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 1,553 shares of the credit-card processor's stock, valued at approximately $491,000.

Several other large investors have also recently added to or reduced their stakes in the company. Challenger Wealth Management bought a new position in Visa during the fourth quarter worth $1,896,000. Ascent Group LLC lifted its stake in Visa by 5.2% during the fourth quarter. Ascent Group LLC now owns 41,879 shares of the credit-card processor's stock worth $13,235,000 after purchasing an additional 2,056 shares during the last quarter. Fidelity D & D Bancorp Inc. bought a new position in Visa during the fourth quarter worth $202,000. Putney Financial Group LLC bought a new stake in Visa in the fourth quarter valued at $1,741,000. Finally, Perennial Advisors LLC bought a new stake in Visa in the fourth quarter valued at $12,174,000. 82.15% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on V. Wall Street Zen upgraded Visa from a "hold" rating to a "buy" rating in a research note on Monday, May 12th. The Goldman Sachs Group raised their target price on Visa from $346.00 to $384.00 and gave the company a "buy" rating in a research note on Friday, January 31st. Wells Fargo & Company raised their target price on Visa from $360.00 to $395.00 and gave the company an "overweight" rating in a research note on Friday, January 31st. Oppenheimer reiterated an "outperform" rating on shares of Visa in a research note on Thursday, February 13th. Finally, BMO Capital Markets raised their target price on Visa from $370.00 to $380.00 and gave the company an "outperform" rating in a research note on Wednesday, April 30th. Six research analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $366.13.

Insider Buying and Selling

In related news, insider Paul D. Fabara sold 14,813 shares of Visa stock in a transaction dated Thursday, May 8th. The stock was sold at an average price of $355.04, for a total value of $5,259,207.52. Following the transaction, the insider now owns 26,413 shares of the company's stock, valued at approximately $9,377,671.52. This trade represents a 35.93% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Ryan Mcinerney sold 8,620 shares of Visa stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $363.00, for a total value of $3,129,060.00. Following the completion of the transaction, the chief executive officer now directly owns 537 shares in the company, valued at $194,931. This represents a 94.14% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 121,948 shares of company stock valued at $41,548,282 over the last three months. Company insiders own 0.13% of the company's stock.

Visa Price Performance

NYSE:V traded up $0.63 during mid-day trading on Wednesday, reaching $359.93. 3,293,103 shares of the stock were exchanged, compared to its average volume of 7,011,967. The business has a fifty day moving average price of $342.15 and a 200 day moving average price of $332.61. The firm has a market capitalization of $664.13 billion, a PE ratio of 36.28, a PEG ratio of 2.33 and a beta of 0.96. Visa Inc. has a 1-year low of $252.70 and a 1-year high of $369.15. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.45.

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

Visa Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 2nd. Investors of record on Tuesday, May 13th will be issued a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a yield of 0.66%. The ex-dividend date of this dividend is Tuesday, May 13th. Visa's payout ratio is currently 23.72%.

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.