Mattson Financial Services LLC Increases Position in Visa Inc. (NYSE:V)

Mattson Financial Services LLC lifted its stake in shares of Visa Inc. (NYSE:V - Free Report) by 27.8% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 11,113 shares of the credit-card processor's stock after purchasing an additional 2,415 shares during the period. Visa accounts for 1.1% of Mattson Financial Services LLC's holdings, making the stock its 25th biggest position. Mattson Financial Services LLC's holdings in Visa were worth $3,512,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also added to or reduced their stakes in V. Bradley & Co. Private Wealth Management LLC bought a new stake in shares of Visa during the 4th quarter worth $27,000. POM Investment Strategies LLC lifted its stake 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 worth $31,000 after acquiring an additional 32 shares during the period. Compass Planning Associates Inc acquired a new position in shares of Visa in the fourth quarter worth approximately $32,000. FPC Investment Advisory Inc. increased its holdings in Visa by 377.3% in the fourth quarter. FPC Investment Advisory Inc. now owns 105 shares of the credit-card processor's stock worth $36,000 after purchasing an additional 83 shares in the last quarter. Finally, NewSquare Capital LLC bought a new stake in Visa in the fourth quarter worth approximately $35,000. Institutional investors own 82.15% of the company's stock.

Insider Activity

In related news, insider Paul D. Fabara sold 14,813 shares of the firm's stock in a transaction dated Thursday, May 8th. The shares were sold at an average price of $355.04, for a total value of $5,259,207.52. Following the transaction, the insider now directly 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 filing with the SEC, which can be accessed through the SEC website. Also, CEO Ryan Mcinerney sold 8,620 shares of the firm's stock in a transaction that occurred on 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 completion of the transaction, the chief executive officer now directly owns 537 shares in the company, valued at $194,931. This trade represents a 94.14% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 121,948 shares of company stock valued at $41,548,282. 0.13% of the stock is currently owned by insiders.

Visa Stock Performance

NYSE V traded up $3.03 on Friday, hitting $365.43. 8,725,642 shares of the company traded hands, compared to its average volume of 7,023,744. The company 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. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.45. The business's 50 day moving average price is $342.99 and its 200-day moving average price is $333.16. 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 data 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 business 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 business's revenue was up 9.3% on a year-over-year basis. During the same period in the previous year, the business earned $2.51 earnings per share. Equities analysts expect that Visa Inc. will post 11.3 earnings per share for the current year.

Visa Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 2nd. Shareholders of record on Tuesday, May 13th will be paid a dividend of $0.59 per share. The ex-dividend date is Tuesday, May 13th. This represents a $2.36 annualized dividend and a yield of 0.65%. Visa's payout ratio is currently 23.72%.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on V shares. UBS Group lifted their target price on Visa from $395.00 to $405.00 and gave the company a "buy" rating in a research report on Wednesday. Macquarie decreased their target price on Visa from $400.00 to $380.00 and set an "outperform" rating on the stock in a research note on Wednesday, April 30th. The Goldman Sachs Group increased their price objective on Visa from $346.00 to $384.00 and gave the company a "buy" rating in a research report on Friday, January 31st. Wells Fargo & Company increased their price objective on Visa from $360.00 to $395.00 and gave the stock an "overweight" rating in a report on Friday, January 31st. Finally, Citigroup reissued a "neutral" rating on shares of Visa in a research report on Thursday, February 13th. Six investment analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Visa has a consensus 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.