Fidelity D & D Bancorp Inc. Takes $257,000 Position in Visa Inc. (NYSE:V)

Fidelity D & D Bancorp Inc. acquired a new position in Visa Inc. (NYSE:V - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 813 shares of the credit-card processor's stock, valued at approximately $257,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Norges Bank purchased a new stake in Visa during the fourth quarter worth $5,171,271,000. Vanguard Group Inc. lifted its holdings in Visa by 4.6% during the fourth quarter. Vanguard Group Inc. now owns 159,405,343 shares of the credit-card processor's stock worth $50,378,465,000 after buying an additional 7,079,706 shares during the period. Raymond James Financial Inc. purchased a new stake in Visa during the fourth quarter worth $1,955,403,000. Proficio Capital Partners LLC lifted its holdings in Visa by 17,018.7% during the fourth quarter. Proficio Capital Partners LLC now owns 3,949,118 shares of the credit-card processor's stock worth $1,248,079,000 after buying an additional 3,926,049 shares during the period. Finally, Northern Trust Corp lifted its holdings in Visa by 18.0% during the fourth quarter. Northern Trust Corp now owns 18,260,714 shares of the credit-card processor's stock worth $5,771,116,000 after buying an additional 2,785,707 shares during the period. Institutional investors own 82.15% of the company's stock.

Insiders Place Their Bets

In other Visa news, General Counsel Julie B. Rottenberg sold 2,575 shares of the stock in a transaction dated 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 directly owns 11,925 shares of the company's stock, valued at approximately $4,121,041.50. This trade represents a 17.76% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Ryan Mcinerney sold 8,620 shares of the 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 sale, the chief executive officer now directly owns 537 shares in the company, valued at $194,931. This represents a 94.14% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 121,948 shares of company stock valued at $41,548,282. Company insiders own 0.13% of the company's stock.

Visa Stock Performance

V stock traded up $0.63 during midday trading on Wednesday, reaching $359.93. The stock had a trading volume of 3,293,103 shares, compared to its average volume of 7,011,968. The stock has a market cap of $664.13 billion, a PE ratio of 36.28, a P/E/G ratio of 2.33 and a beta of 0.96. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.12 and a current ratio of 1.12. The firm has a fifty day simple moving average of $342.62 and a two-hundred day simple moving average of $332.80. Visa Inc. has a 52-week low of $252.70 and a 52-week high of $369.15.

Visa (NYSE:V - Get Free Report) last announced its quarterly earnings results on Tuesday, April 29th. The credit-card processor reported $2.76 earnings per share for the quarter, topping the consensus estimate 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 return on equity of 54.79% and a net margin of 54.27%. The firm's revenue for the quarter was up 9.3% compared to the same quarter last year. During the same period last year, the firm earned $2.51 EPS. As a group, equities research analysts anticipate that Visa Inc. will post 11.3 EPS for the current year.

Visa Dividend Announcement

The business also recently declared 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. This represents a $2.36 annualized dividend and a yield of 0.66%. The ex-dividend date is Tuesday, May 13th. Visa's dividend payout ratio is currently 23.72%.

Analysts Set New Price Targets

V has been the subject of a number of analyst reports. The Goldman Sachs Group upped their target price on Visa from $346.00 to $384.00 and gave the stock a "buy" rating in a report on Friday, January 31st. Wells Fargo & Company increased their price objective on Visa from $360.00 to $395.00 and gave the company an "overweight" rating in a report on Friday, January 31st. Wall Street Zen upgraded Visa from a "hold" rating to a "buy" rating in a report on Monday, May 12th. UBS Group increased their price objective on Visa from $395.00 to $405.00 and gave the company a "buy" rating in a report on Wednesday. Finally, William Blair reiterated an "outperform" rating on shares of Visa in a report on Wednesday, April 30th. Six investment 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 company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $366.13.

Visa Company 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.