Victrix Investment Advisors Buys Shares of 9,511 Visa Inc. (NYSE:V)

Victrix Investment Advisors acquired a new position in Visa Inc. (NYSE:V - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 9,511 shares of the credit-card processor's stock, valued at approximately $3,006,000. Visa makes up approximately 2.2% of Victrix Investment Advisors' investment portfolio, making the stock its 18th largest position.

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

Analyst Upgrades and Downgrades

A number of research firms have issued reports on V. Oppenheimer restated an "outperform" rating on shares of Visa in a report on Thursday, February 13th. Wall Street Zen raised Visa from a "hold" rating to a "buy" rating in a research report on Monday, May 12th. Evercore ISI began coverage on Visa in a research note on Wednesday, April 9th. They set an "in-line" rating and a $330.00 target price for the company. Barclays raised their price objective on shares of Visa from $361.00 to $396.00 and gave the stock an "overweight" rating in a research note on Monday, February 3rd. Finally, JPMorgan Chase & Co. increased their price target on shares of Visa from $340.00 to $375.00 and gave the company an "overweight" rating in a report on Friday, January 31st. 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's stock. Based on data from MarketBeat, Visa has an average rating of "Moderate Buy" and a consensus target price of $362.38.

Visa Price Performance

Visa stock traded down $0.40 during mid-day trading on Thursday, hitting $357.90. 4,931,414 shares of the company were exchanged, compared to its average volume of 7,018,792. The company has a market capitalization of $660.38 billion, a PE ratio of 36.08, a price-to-earnings-growth ratio of 2.33 and a beta of 0.96. The business has a fifty day moving average of $340.60 and a 200 day moving average of $330.88. Visa Inc. has a 1-year low of $252.70 and a 1-year high of $369.15. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.45.

Visa (NYSE:V - Get Free Report) last announced its earnings results on Tuesday, April 29th. The credit-card processor reported $2.76 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.68 by $0.08. Visa had a net margin of 54.27% and a return on equity of 54.79%. The business had revenue of $9.59 billion during the quarter, compared to analysts' expectations of $9.57 billion. During the same quarter last year, the company posted $2.51 EPS. The firm's revenue for the quarter was up 9.3% on a year-over-year basis. As a group, sell-side analysts expect that Visa Inc. will post 11.3 earnings per share for the current year.

Visa Announces Dividend

The company 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 annualized dividend and a dividend yield of 0.66%. The ex-dividend date of this dividend is Tuesday, May 13th. Visa's payout ratio is 23.72%.

Insider Activity

In other news, CEO Ryan Mcinerney sold 8,620 shares of the 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 directly owns 537 shares of the company's stock, valued at $194,931. This 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 is available through this link. Also, insider Paul D. Fabara sold 39,350 shares of the company's stock in a transaction on Wednesday, March 19th. The shares were sold at an average price of $340.41, for a total value of $13,395,133.50. Following the transaction, the insider now directly owns 26,413 shares in the company, valued at $8,991,249.33. This trade represents a 59.84% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 121,948 shares of company stock worth $41,548,282. Insiders own 0.13% of the company's stock.

Visa 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.