MJP Associates Inc. ADV Buys 1,049 Shares of Visa Inc. (NYSE:V)

MJP Associates Inc. ADV lifted its holdings in shares of Visa Inc. (NYSE:V - Free Report) by 17.4% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 7,076 shares of the credit-card processor's stock after purchasing an additional 1,049 shares during the period. MJP Associates Inc. ADV's holdings in Visa were worth $2,236,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Decker Retirement Planning Inc. purchased a new position in shares of Visa during the fourth quarter worth about $26,000. Bradley & Co. Private Wealth Management LLC purchased a new stake in shares of Visa in the 4th quarter valued at approximately $27,000. POM Investment Strategies LLC increased 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 purchasing an additional 32 shares during the period. Compass Planning Associates Inc acquired a new position in Visa in the fourth quarter valued at about $32,000. Finally, NewSquare Capital LLC acquired a new position in Visa in the fourth quarter valued at approximately $35,000. 82.15% of the stock is owned by hedge funds and other institutional investors.

Visa Stock Performance

NYSE V opened at $352.95 on Monday. The firm has a market cap of $655.70 billion, a price-to-earnings ratio of 35.58, a PEG ratio of 2.33 and a beta of 0.96. Visa Inc. has a 12-month low of $252.70 and a 12-month high of $366.54. The company has a 50-day simple moving average of $336.98 and a two-hundred day simple moving average of $327.32. 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 issued 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. The firm had revenue of $9.59 billion for the quarter, compared to analysts' expectations of $9.57 billion. Visa had a net margin of 54.27% and a return on equity of 54.79%. The business's quarterly revenue was up 9.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.51 EPS. On average, equities analysts forecast that Visa Inc. will post 11.3 EPS for the current year.

Visa Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on V. Wells Fargo & Company increased their price target on Visa from $360.00 to $395.00 and gave the stock an "overweight" rating in a research report on Friday, January 31st. Oppenheimer restated an "outperform" rating on shares of Visa in a report on Thursday, February 13th. UBS Group decreased their target price on shares of Visa from $400.00 to $395.00 and set a "buy" rating for the company in a report on Wednesday, April 30th. Evercore ISI initiated coverage on Visa in a research note on Wednesday, April 9th. They issued an "in-line" rating and a $330.00 price objective for the company. Finally, Barclays lifted their target price on Visa from $361.00 to $396.00 and gave the stock an "overweight" rating in a research report on Monday, February 3rd. Seven research analysts have rated the stock with a hold rating, twenty have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Visa currently has an average rating of "Moderate Buy" and a consensus price target of $362.38.

Insiders Place Their Bets

In related news, CEO Ryan Mcinerney sold 8,620 shares of the company's stock in a transaction 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 transaction, the chief executive officer now 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 sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Paul D. Fabara sold 39,350 shares of Visa stock in a transaction dated 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 completion of the sale, the insider now owns 26,413 shares of the company's stock, 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 quarter, insiders sold 121,948 shares of company stock worth $41,548,282. Company insiders own 0.13% of the company's stock.

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.

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