Fidelis Capital Partners LLC Boosts Stake in Visa Inc. (NYSE:V)

Fidelis Capital Partners LLC raised its stake in shares of Visa Inc. (NYSE:V - Free Report) by 5.6% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 25,221 shares of the credit-card processor's stock after buying an additional 1,341 shares during the quarter. Visa comprises 0.9% of Fidelis Capital Partners LLC's portfolio, making the stock its 24th largest holding. Fidelis Capital Partners LLC's holdings in Visa were worth $8,453,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in V. von Borstel & Associates Inc. bought a new stake in Visa in the first quarter valued at approximately $27,000. Sellwood Investment Partners LLC bought a new stake in Visa in the fourth quarter valued at approximately $41,000. Mountain Hill Investment Partners Corp. bought a new stake in Visa in the fourth quarter valued at approximately $47,000. Measured Risk Portfolios Inc. bought a new stake in Visa in the fourth quarter valued at approximately $47,000. Finally, Navigoe LLC bought a new stake in Visa in the fourth quarter valued at approximately $53,000. Hedge funds and other 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 firm's stock in a transaction 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 completion of the sale, the general counsel owned 11,925 shares of the company's stock, valued at $4,121,041.50. This trade represents a 17.76% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Paul D. Fabara sold 11,636 shares of the firm's stock in a transaction on Wednesday, June 11th. The stock was sold at an average price of $375.00, for a total value of $4,363,500.00. Following the sale, the insider directly owned 26,413 shares of the company's stock, valued at approximately $9,904,875. This trade represents a 30.58% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 101,108 shares of company stock valued at $36,771,200 over the last quarter. 0.13% of the stock is owned by insiders.

Analyst Ratings Changes

V has been the subject of a number of recent analyst reports. Evercore ISI initiated 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. Citigroup initiated coverage on Visa in a report on Monday, June 2nd. They set a "buy" rating for the company. Mizuho upgraded Visa from a "neutral" rating to an "outperform" rating and upped their target price for the company from $359.00 to $425.00 in a report on Thursday, June 5th. William Blair restated an "outperform" rating on shares of Visa in a report on Wednesday, April 30th. Finally, Susquehanna restated a "positive" rating on shares of Visa in a report on Friday, March 21st. Five equities research 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. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $372.84.

Visa Price Performance

Shares of NYSE:V traded down $8.17 during midday trading on Friday, hitting $347.71. The company had a trading volume of 7,577,927 shares, compared to its average volume of 6,821,741. Visa Inc. has a twelve month low of $252.70 and a twelve month high of $375.51. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.08 and a quick ratio of 1.08. The stock has a market cap of $641.58 billion, a price-to-earnings ratio of 34.95, a price-to-earnings-growth ratio of 2.41 and a beta of 0.92. The business's 50-day simple moving average is $356.93 and its 200-day simple moving average is $342.56.

Visa (NYSE:V - Get Free Report) last posted its earnings results on Tuesday, April 29th. The credit-card processor reported $2.76 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.68 by $0.08. The company had revenue of $9.59 billion during the quarter, compared to analysts' expectations of $9.57 billion. Visa had a return on equity of 56.28% and a net margin of 52.86%. The firm's quarterly revenue was up 9.3% compared to the same quarter last year. During the same quarter last year, the firm earned $2.51 earnings per share. On average, research analysts predict that Visa Inc. will post 11.3 earnings per share for the current year.

Visa Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, June 2nd. Shareholders of record on Tuesday, May 13th were paid a dividend of $0.59 per share. The ex-dividend date was Tuesday, May 13th. This represents a $2.36 annualized dividend and a yield of 0.68%. Visa's dividend payout ratio (DPR) is 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.