Audent Global Asset Management LLC Boosts Stake in Visa Inc. (NYSE:V)

Audent Global Asset Management LLC grew its holdings in Visa Inc. (NYSE:V - Free Report) by 76.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,681 shares of the credit-card processor's stock after purchasing an additional 1,598 shares during the quarter. Audent Global Asset Management LLC's holdings in Visa were worth $1,163,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. Bradley & Co. Private Wealth Management LLC bought a new position in shares of Visa during the fourth quarter valued at about $27,000. POM Investment Strategies LLC raised its position in shares of Visa by 48.5% in the fourth 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 during the period. Compass Planning Associates Inc purchased a new stake in shares of Visa during the fourth quarter worth $32,000. NewSquare Capital LLC bought a new position in Visa in the 4th quarter worth about $35,000. Finally, FPC Investment Advisory Inc. grew its stake in Visa by 377.3% during the fourth quarter. FPC Investment Advisory Inc. now owns 105 shares of the credit-card processor's stock valued at $36,000 after acquiring an additional 83 shares in the last quarter. 82.15% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on V shares. Evercore ISI began coverage on Visa in a research report on Wednesday, April 9th. They issued an "in-line" rating and a $330.00 target price for the company. Oppenheimer reissued an "outperform" rating on shares of Visa in a research note on Thursday, February 13th. Citigroup restated a "neutral" rating on shares of Visa in a report on Thursday, February 13th. Macquarie cut their price objective on shares of Visa from $400.00 to $380.00 and set an "outperform" rating on the stock in a report on Wednesday, April 30th. Finally, Keefe, Bruyette & Woods restated a "hold" rating on shares of Visa in a report on Thursday, February 13th. Six research analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $366.13.

Insider Activity

In related news, CEO Ryan Mcinerney sold 8,620 shares of the firm's stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $363.00, for a total transaction of $3,129,060.00. Following the sale, the chief executive officer now owns 537 shares of the company's stock, valued at $194,931. This trade represents a 94.14% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Paul D. Fabara sold 39,350 shares of the firm's stock in a transaction that occurred on Wednesday, March 19th. The shares were sold at an average price of $340.41, for a total transaction of $13,395,133.50. Following the completion of the sale, the insider now owns 26,413 shares of the company's stock, valued at approximately $8,991,249.33. This trade represents a 59.84% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 121,948 shares of company stock valued at $41,548,282. 0.13% of the stock is currently owned by company insiders.

Visa Price Performance

NYSE V traded up $2.82 during trading hours on Thursday, reaching $362.55. The company's stock had a trading volume of 4,590,181 shares, compared to its average volume of 7,008,449. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.45. The company has a market capitalization of $668.96 billion, a price-to-earnings ratio of 36.55, a PEG ratio of 2.33 and a beta of 0.96. The firm's 50-day moving average price is $342.62 and its 200-day moving average price is $332.80. Visa Inc. has a 1 year low of $252.70 and a 1 year high of $369.15.

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 analysts' consensus estimates of $2.68 by $0.08. The company had revenue of $9.59 billion for the quarter, compared to the consensus estimate of $9.57 billion. Visa had a net margin of 54.27% and a return on equity of 54.79%. Visa's revenue was up 9.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.51 earnings per share. On average, equities research analysts predict that Visa Inc. will post 11.3 EPS for the current fiscal year.

Visa Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 2nd. Stockholders of record on Tuesday, May 13th will be issued a $0.59 dividend. The ex-dividend date is Tuesday, May 13th. This represents a $2.36 annualized dividend and a dividend yield of 0.65%. Visa's payout ratio is 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.