Flputnam Investment Management Co. Has $54.69 Million Holdings in Visa Inc. (NYSE:V)

Flputnam Investment Management Co. grew its stake in shares of Visa Inc. (NYSE:V - Free Report) by 2.9% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 210,075 shares of the credit-card processor's stock after acquiring an additional 5,862 shares during the period. Visa comprises approximately 1.3% of Flputnam Investment Management Co.'s investment portfolio, making the stock its 14th biggest holding. Flputnam Investment Management Co.'s holdings in Visa were worth $54,693,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of V. GoalVest Advisory LLC raised its stake in shares of Visa by 3.4% during the 4th quarter. GoalVest Advisory LLC now owns 1,217 shares of the credit-card processor's stock worth $317,000 after buying an additional 40 shares in the last quarter. Destiny Wealth Partners LLC grew its holdings in Visa by 2.5% during the fourth quarter. Destiny Wealth Partners LLC now owns 1,668 shares of the credit-card processor's stock worth $433,000 after acquiring an additional 40 shares during the period. Sunflower Bank N.A. raised its position in Visa by 1.3% in the fourth quarter. Sunflower Bank N.A. now owns 3,143 shares of the credit-card processor's stock worth $818,000 after acquiring an additional 41 shares in the last quarter. HWG Holdings LP lifted its holdings in Visa by 18.4% in the second quarter. HWG Holdings LP now owns 270 shares of the credit-card processor's stock valued at $64,000 after acquiring an additional 42 shares during the period. Finally, Parker Financial LLC boosted its position in shares of Visa by 4.8% during the 4th quarter. Parker Financial LLC now owns 925 shares of the credit-card processor's stock worth $241,000 after purchasing an additional 42 shares in the last quarter. Hedge funds and other institutional investors own 82.15% of the company's stock.

Insider Activity

In other news, insider Rajat Taneja sold 36,546 shares of Visa stock in a transaction that occurred on Friday, January 19th. The stock was sold at an average price of $270.20, for a total value of $9,874,729.20. Following the completion of the transaction, the insider now owns 232,112 shares in the company, valued at approximately $62,716,662.40. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other news, insider Rajat Taneja sold 36,546 shares of the firm's stock in a transaction dated Friday, January 19th. The shares were sold at an average price of $270.20, for a total value of $9,874,729.20. Following the transaction, the insider now directly owns 232,112 shares in the company, valued at approximately $62,716,662.40. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Ryan Mcinerney sold 8,150 shares of Visa stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $273.39, for a total transaction of $2,228,128.50. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 55,511 shares of company stock worth $15,131,081. 0.19% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several research firms recently weighed in on V. TD Cowen began coverage on Visa in a research note on Thursday, April 11th. They issued a "buy" rating and a $320.00 price objective for the company. Evercore ISI lifted their price target on Visa from $325.00 to $335.00 and gave the stock an "outperform" rating in a research note on Tuesday, March 26th. Barclays increased their price objective on shares of Visa from $304.00 to $319.00 and gave the company an "overweight" rating in a research note on Monday, January 29th. Wedbush lifted their target price on shares of Visa from $270.00 to $280.00 and gave the stock an "outperform" rating in a research report on Friday, January 26th. Finally, Royal Bank of Canada upped their price target on shares of Visa from $290.00 to $309.00 and gave the company an "outperform" rating in a report on Friday, January 26th. Five investment analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $298.43.

Visa Stock Up 0.5 %

Shares of V traded up $1.34 during mid-day trading on Wednesday, reaching $272.69. 5,826,154 shares of the stock traded hands, compared to its average volume of 5,802,121. The stock has a fifty day simple moving average of $279.80 and a 200 day simple moving average of $262.56. Visa Inc. has a 12-month low of $216.14 and a 12-month high of $290.96. The company has a quick ratio of 1.45, a current ratio of 1.45 and a debt-to-equity ratio of 0.54. The firm has a market cap of $500.80 billion, a price-to-earnings ratio of 31.38, a P/E/G ratio of 1.87 and a beta of 0.96.

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

Visa Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, March 1st. Stockholders of record on Friday, February 9th were given a $0.52 dividend. This represents a $2.08 annualized dividend and a dividend yield of 0.76%. The ex-dividend date of this dividend was Thursday, February 8th. Visa's payout ratio is currently 23.94%.

About Visa

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.