Soltis Investment Advisors LLC Acquires 10,443 Shares of Visa Inc. (NYSE:V)

Soltis Investment Advisors LLC grew its position in Visa Inc. (NYSE:V - Free Report) by 569.7% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 12,276 shares of the credit-card processor's stock after purchasing an additional 10,443 shares during the period. Soltis Investment Advisors LLC's holdings in Visa were worth $3,196,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also added to or reduced their stakes in V. Hibernia Wealth Partners LLC acquired a new position in Visa during the 3rd quarter worth about $25,000. Altshuler Shaham Ltd acquired a new position in Visa during the 3rd quarter valued at about $25,000. O Brien Wealth Partners LLC acquired a new position in Visa during the 4th quarter valued at about $32,000. Financial Freedom LLC acquired a new position in Visa during the 4th quarter valued at about $32,000. Finally, Nalls Sherbakoff Group LLC lifted its position in Visa by 545.5% during the 3rd quarter. Nalls Sherbakoff Group LLC now owns 142 shares of the credit-card processor's stock valued at $33,000 after purchasing an additional 120 shares during the period. Institutional investors and hedge funds own 82.15% of the company's stock.

Insider Activity

In related news, CAO Peter M. Andreski sold 2,615 shares of Visa stock in a transaction that occurred on Wednesday, February 7th. The stock was sold at an average price of $278.88, for a total value of $729,271.20. Following the transaction, the chief accounting officer now directly owns 4,898 shares of the company's stock, valued at $1,365,954.24. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In related news, CEO Ryan Mcinerney sold 8,200 shares of Visa stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $280.36, for a total value of $2,298,952.00. Following the transaction, the chief executive officer now directly owns 538 shares of the company's stock, valued at $150,833.68. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CAO Peter M. Andreski sold 2,615 shares of the firm's stock in a transaction that occurred on Wednesday, February 7th. The stock was sold at an average price of $278.88, for a total transaction of $729,271.20. Following the sale, the chief accounting officer now directly owns 4,898 shares of the company's stock, valued at approximately $1,365,954.24. The disclosure for this sale can be found here. Over the last three months, insiders have sold 55,511 shares of company stock valued at $15,131,081. 0.19% of the stock is currently owned by corporate insiders.

Visa Stock Performance

Visa stock traded up $0.28 during mid-day trading on Friday, hitting $275.96. 8,954,755 shares of the company's stock traded hands, compared to its average volume of 5,702,968. Visa Inc. has a fifty-two week low of $216.14 and a fifty-two week high of $290.96. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.45 and a quick ratio of 1.45. The firm has a 50 day simple moving average of $280.13 and a two-hundred day simple moving average of $261.47. The stock has a market cap of $506.80 billion, a price-to-earnings ratio of 31.76, a P/E/G ratio of 1.90 and a beta of 0.96.

Visa (NYSE:V - Get Free Report) last released its earnings results on Thursday, January 25th. The credit-card processor reported $2.41 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.34 by $0.07. Visa had a return on equity of 50.02% and a net margin of 53.92%. The firm had revenue of $8.63 billion for the quarter, compared to analysts' expectations of $8.55 billion. During the same quarter in the previous year, the business posted $2.18 earnings per share. The business's revenue for the quarter was up 9.3% on a year-over-year basis. On average, research analysts expect that Visa Inc. will post 9.89 EPS for the current fiscal year.

Visa Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 1st. Stockholders of record on Friday, February 9th were paid a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a dividend yield of 0.75%. The ex-dividend date of this dividend was Thursday, February 8th. Visa's payout ratio is 23.94%.

Analysts Set New Price Targets

A number of research firms have issued reports on V. Susquehanna upped their target price on shares of Visa from $300.00 to $326.00 and gave the company a "positive" rating in a research report on Friday, January 26th. Raymond James upped their price target on Visa from $287.00 to $311.00 and gave the company an "outperform" rating in a research note on Friday, January 26th. Citigroup upped their price target on Visa from $296.00 to $306.00 and gave the company a "buy" rating in a research note on Thursday, January 18th. KeyCorp upped their price target on Visa from $275.00 to $300.00 and gave the company an "overweight" rating in a research note on Monday, January 8th. Finally, William Blair reissued an "outperform" rating on shares of Visa in a research note on Friday, January 26th. Five research analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company. Based on data from MarketBeat.com, Visa currently has an average rating of "Moderate Buy" and a consensus target price of $296.87.

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.