Breakthru Advisory Services LLC Invests $557,000 in Visa Inc. (NYSE:V)

Breakthru Advisory Services LLC purchased a new position in Visa Inc. (NYSE:V - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 1,763 shares of the credit-card processor's stock, valued at approximately $557,000. Visa makes up 0.5% of Breakthru Advisory Services LLC's investment portfolio, making the stock its 25th largest holding.

Several other institutional investors also recently bought and sold shares of V. Hirtle Callaghan & Co LLC boosted its position in Visa by 1.3% during the fourth quarter. Hirtle Callaghan & Co LLC now owns 2,291 shares of the credit-card processor's stock worth $724,000 after acquiring an additional 29 shares during the last quarter. FWL Investment Management LLC raised its holdings in Visa by 0.5% in the 4th quarter. FWL Investment Management LLC now owns 6,344 shares of the credit-card processor's stock valued at $2,005,000 after acquiring an additional 29 shares during the last quarter. Elevation Wealth Partners LLC lifted its stake in Visa by 3.3% in the 4th quarter. Elevation Wealth Partners LLC now owns 939 shares of the credit-card processor's stock worth $297,000 after purchasing an additional 30 shares in the last quarter. Warther Private Wealth LLC boosted its holdings in shares of Visa by 1.0% during the 4th quarter. Warther Private Wealth LLC now owns 2,935 shares of the credit-card processor's stock worth $928,000 after purchasing an additional 30 shares during the last quarter. Finally, Valmark Advisers Inc. boosted its holdings in shares of Visa by 0.4% during the 4th quarter. Valmark Advisers Inc. now owns 7,251 shares of the credit-card processor's stock worth $2,292,000 after purchasing an additional 30 shares during the last quarter. 82.15% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently commented on the company. Wall Street Zen raised Visa from a "hold" rating to a "buy" rating in a report on Monday, May 12th. Susquehanna restated a "positive" rating on shares of Visa in a report on Friday, March 21st. The Goldman Sachs Group raised their target price on Visa from $346.00 to $384.00 and gave the stock a "buy" rating in a research note on Friday, January 31st. William Blair reissued an "outperform" rating on shares of Visa in a research report on Wednesday, April 30th. Finally, Oppenheimer reissued an "outperform" rating on shares of Visa in a report on Thursday, February 13th. Six equities research analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $362.38.

Insider Transactions at Visa

In other Visa news, CEO Ryan Mcinerney sold 8,620 shares of the firm's stock in a transaction that occurred on Monday, March 3rd. The shares were 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 approximately $194,931. This trade represents a 94.14% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, General Counsel Julie B. Rottenberg sold 2,575 shares of the business's stock in a transaction that occurred on Thursday, May 1st. The stock was sold at an average price of $345.58, for a total transaction of $889,868.50. Following the sale, the general counsel now owns 11,925 shares of the company's stock, valued at $4,121,041.50. This represents a 17.76% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 121,948 shares of company stock valued at $41,548,282. Corporate insiders own 0.13% of the company's stock.

Visa Price Performance

Shares of V opened at $357.90 on Friday. The firm has a market capitalization of $660.38 billion, a price-to-earnings ratio of 36.08, a PEG ratio of 2.33 and a beta of 0.96. The firm's fifty day simple moving average is $341.07 and its 200-day simple moving average is $331.33. Visa Inc. has a twelve month low of $252.70 and a twelve month 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 posted its earnings results on Tuesday, April 29th. The credit-card processor reported $2.76 EPS for the quarter, beating the consensus estimate 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 for the quarter was up 9.3% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.51 earnings per share. Equities analysts forecast that Visa Inc. will post 11.3 EPS for the current fiscal year.

Visa Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 2nd. Stockholders of record on Tuesday, May 13th will be given a dividend of $0.59 per share. This represents a $2.36 annualized dividend and a dividend yield of 0.66%. The ex-dividend date of this dividend is Tuesday, May 13th. Visa's dividend payout ratio (DPR) is presently 23.72%.

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.

Want to see what other hedge funds are holding V? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Visa Inc. (NYSE:V - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.