Platform Technology Partners Has $4.03 Million Position in Visa Inc. (NYSE:V)

Platform Technology Partners lifted its position in Visa Inc. (NYSE:V - Free Report) by 17.6% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 11,496 shares of the credit-card processor's stock after purchasing an additional 1,722 shares during the quarter. Visa accounts for approximately 1.2% of Platform Technology Partners' holdings, making the stock its 14th biggest holding. Platform Technology Partners' holdings in Visa were worth $4,029,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. von Borstel & Associates Inc. bought a new position in shares of Visa in the first quarter worth about $27,000. Sellwood Investment Partners LLC bought a new position in Visa in the 4th quarter worth approximately $41,000. Mountain Hill Investment Partners Corp. bought a new position in Visa in the 4th quarter valued at $47,000. Measured Risk Portfolios Inc. acquired a new stake in shares of Visa in the 4th quarter valued at $47,000. Finally, Navigoe LLC acquired a new stake in shares of Visa in the 4th quarter valued at $53,000. Institutional investors and hedge funds own 82.15% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on V shares. Macquarie decreased their price target on Visa from $400.00 to $380.00 and set an "outperform" rating on the stock in a report on Wednesday, April 30th. Susquehanna reaffirmed a "positive" rating on shares of Visa in a research note on Friday, March 21st. Barclays reissued an "overweight" rating on shares of Visa in a research note on Friday, June 13th. Evercore ISI began coverage on shares of Visa in a report on Wednesday, April 9th. They set an "in-line" rating and a $330.00 target price for the company. Finally, William Blair reiterated an "outperform" rating on shares of Visa in a research report on Wednesday, April 30th. Five analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, Visa currently has an average rating of "Moderate Buy" and an average target price of $372.84.

Insider Activity

In related news, insider Paul D. Fabara sold 11,636 shares of the firm's stock in a transaction on Wednesday, June 11th. The shares were sold at an average price of $375.00, for a total value of $4,363,500.00. Following the completion of the transaction, the insider owned 26,413 shares of the company's stock, valued at approximately $9,904,875. This trade represents a 30.58% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Ryan Mcinerney sold 8,630 shares of the business's stock in a transaction dated Tuesday, July 1st. The stock was sold at an average price of $353.82, for a total transaction of $3,053,466.60. Following the sale, the chief executive officer directly owned 537 shares in the company, valued at $190,001.34. This trade represents a 94.14% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 101,108 shares of company stock worth $36,771,200 over the last ninety days. Insiders own 0.13% of the company's stock.

Visa Stock Up 0.7%

NYSE V traded up $2.52 on Monday, reaching $350.45. The company had a trading volume of 5,598,849 shares, compared to its average volume of 6,693,063. The company's fifty day moving average is $356.93 and its 200-day moving average is $342.86. Visa Inc. has a 1-year low of $252.70 and a 1-year high of $375.51. The firm has a market capitalization of $646.63 billion, a price-to-earnings ratio of 35.22, a price-to-earnings-growth ratio of 2.36 and a beta of 0.92. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.08 and a current ratio of 1.08.

Visa (NYSE:V - Get Free Report) last posted its quarterly earnings data 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. Visa had a return on equity of 56.28% and a net margin of 52.86%. The company had revenue of $9.59 billion during the quarter, compared to analysts' expectations of $9.57 billion. During the same period in the prior year, the firm earned $2.51 earnings per share. Visa's revenue for the quarter was up 9.3% compared to the same quarter last year. On average, research analysts forecast that Visa Inc. will post 11.3 earnings per share for the current fiscal year.

Visa Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 2nd. Stockholders of record on Tuesday, May 13th were issued a $0.59 dividend. The ex-dividend date was Tuesday, May 13th. This represents a $2.36 dividend on an annualized basis and a dividend yield of 0.67%. Visa's dividend payout ratio (DPR) is presently 23.72%.

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.