Fairtree Asset Management Pty Ltd Purchases New Position in Visa Inc. (NYSE:V)

Fairtree Asset Management Pty Ltd purchased a new stake in shares of Visa Inc. (NYSE:V - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 2,756 shares of the credit-card processor's stock, valued at approximately $871,000.

A number of other institutional investors have also bought and sold shares of V. M1 Capital Management LLC bought a new position in shares of Visa during the 4th quarter worth about $277,000. DSG Capital Advisors LLC bought a new position in shares of Visa during the 4th quarter worth about $11,142,000. Chancellor Financial Group WB LP bought a new position in shares of Visa during the 4th quarter worth about $3,092,000. Triton Wealth Management PLLC boosted its position in shares of Visa by 17.7% during the 4th quarter. Triton Wealth Management PLLC now owns 1,277 shares of the credit-card processor's stock worth $391,000 after purchasing an additional 192 shares in the last quarter. Finally, 111 Capital bought a new position in Visa in the 4th quarter valued at about $448,000. Institutional investors own 82.15% of the company's stock.

Insider Transactions at Visa

In other Visa news, CEO Ryan Mcinerney sold 8,620 shares of the business's stock in a transaction dated Tuesday, April 1st. The shares were sold at an average price of $350.44, for a total value of $3,020,792.80. Following the transaction, the chief executive officer now owns 537 shares in the company, valued at approximately $188,186.28. The trade was a 94.14% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Paul D. Fabara sold 39,350 shares of the business'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 completion of the transaction, the insider now owns 26,413 shares in the company, valued at $8,642,333.60. The trade was a 59.84% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 121,948 shares of company stock valued at $41,548,282. Insiders own 0.13% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on V. Jefferies Financial Group raised their price target on shares of Visa from $400.00 to $410.00 and gave the company a "buy" rating in a research report on Tuesday. Evercore ISI began coverage on shares of Visa in a research report on Wednesday, April 9th. They issued an "in-line" rating and a $330.00 price target on the stock. Oppenheimer reaffirmed an "outperform" rating on shares of Visa in a research report on Thursday, February 13th. William Blair reaffirmed an "outperform" rating on shares of Visa in a research report on Wednesday, April 30th. Finally, Barclays raised their price target on shares of Visa from $361.00 to $396.00 and gave the company an "overweight" rating in a research report on Monday, February 3rd. Six analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $366.13.

Visa Price Performance

NYSE:V traded up $3.03 during trading hours on Friday, hitting $365.43. The stock had a trading volume of 8,725,642 shares, compared to its average volume of 7,023,744. The company has a 50 day simple moving average of $342.99 and a two-hundred day simple moving average of $333.16. 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 one year low of $252.70 and a one year high of $369.15. The firm has a market capitalization of $674.28 billion, a price-to-earnings ratio of 36.84, a P/E/G ratio of 2.33 and a beta of 0.96.

Visa (NYSE:V - Get Free Report) last announced its quarterly 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. Visa had a net margin of 54.27% and a return on equity of 54.79%. The firm had revenue of $9.59 billion during the quarter, compared to the consensus estimate of $9.57 billion. During the same period last year, the firm earned $2.51 EPS. The business's quarterly revenue was up 9.3% compared to the same quarter last year. Research analysts forecast that Visa Inc. will post 11.3 earnings per share for the current fiscal year.

Visa Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 2nd. Stockholders 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 dividend yield of 0.65%. The ex-dividend date of this dividend is Tuesday, May 13th. Visa's dividend payout ratio is currently 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.