Andrew Hill Investment Advisors Inc. Acquires 5,977 Shares of Visa Inc. (NYSE:V)

Andrew Hill Investment Advisors Inc. increased its holdings in shares of Visa Inc. (NYSE:V - Free Report) by 297.5% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 7,986 shares of the credit-card processor's stock after acquiring an additional 5,977 shares during the quarter. Visa makes up approximately 2.7% of Andrew Hill Investment Advisors Inc.'s holdings, making the stock its 17th biggest holding. Andrew Hill Investment Advisors Inc.'s holdings in Visa were worth $2,799,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also made changes to their positions in the stock. Bradley & Co. Private Wealth Management LLC acquired a new stake in Visa in the 4th quarter valued at approximately $27,000. POM Investment Strategies LLC raised its stake in shares of Visa by 48.5% during the fourth quarter. POM Investment Strategies LLC now owns 98 shares of the credit-card processor's stock valued at $31,000 after purchasing an additional 32 shares in the last quarter. Compass Planning Associates Inc acquired a new stake in Visa in the fourth quarter worth about $32,000. FPC Investment Advisory Inc. grew its position in Visa by 377.3% in the 4th quarter. FPC Investment Advisory Inc. now owns 105 shares of the credit-card processor's stock valued at $36,000 after buying an additional 83 shares in the last quarter. Finally, NewSquare Capital LLC acquired a new position in Visa during the 4th quarter valued at about $35,000. 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 Visa stock in a transaction that occurred on 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. The trade was a 17.76% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Paul D. Fabara sold 14,813 shares of the company's stock in a transaction that occurred on 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 completion of the sale, the insider now owns 26,413 shares in the company, valued at approximately $9,377,671.52. This represents a 35.93% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 113,328 shares of company stock worth $38,419,222. 0.13% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the stock. The Goldman Sachs Group started coverage on shares of Visa in a research note on Monday. They issued a "neutral" rating on the stock. Macquarie dropped 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 reissued a "positive" rating on shares of Visa in a research note on Friday, March 21st. Oppenheimer reaffirmed an "outperform" rating on shares of Visa in a research report on Thursday, February 13th. Finally, Evercore ISI began coverage on Visa in a report on Wednesday, April 9th. They set an "in-line" rating and a $330.00 target price for the company. Six investment analysts have rated the stock with a hold rating, twenty-two have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Visa has a consensus rating of "Moderate Buy" and an average price target of $367.48.

Visa Stock Performance

V stock traded up $2.98 during mid-day trading on Wednesday, reaching $368.84. 1,756,784 shares of the stock traded hands, compared to its average volume of 6,984,686. The firm has a market capitalization of $680.57 billion, a PE ratio of 37.18, a P/E/G ratio of 2.33 and a beta of 0.96. The business has a 50-day moving average of $344.15 and a two-hundred day moving average of $334.49. Visa Inc. has a 52 week low of $252.70 and a 52 week high of $369.57. 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 posted its quarterly earnings data on Tuesday, April 29th. The credit-card processor reported $2.76 earnings per share for the quarter, beating the consensus estimate of $2.68 by $0.08. Visa had a return on equity of 54.79% and a net margin of 54.27%. 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 business earned $2.51 earnings per share. Visa's revenue for the quarter was up 9.3% compared to the same quarter last year. As a group, equities analysts predict that Visa Inc. will post 11.3 EPS for the current fiscal year.

Visa Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 2nd. Investors of record on Tuesday, May 13th were paid a dividend of $0.59 per share. The ex-dividend date of this dividend was Tuesday, May 13th. This represents a $2.36 annualized dividend and a yield of 0.64%. Visa's dividend payout ratio is 23.72%.

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.