Second Half Financial Partners LLC Invests $551,000 in Visa Inc. (NYSE:V)

Second Half Financial Partners LLC bought a new position in shares of Visa Inc. (NYSE:V - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 1,743 shares of the credit-card processor's stock, valued at approximately $551,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in V. Public Employees Retirement Association of Colorado boosted its holdings in Visa by 1.2% in the fourth quarter. Public Employees Retirement Association of Colorado now owns 1,485,091 shares of the credit-card processor's stock valued at $469,348,000 after acquiring an additional 17,613 shares during the last quarter. Criteria Caixa S.A.U. acquired a new position in Visa in the fourth quarter valued at approximately $18,229,000. Mendel Capital Management LLC boosted its position in shares of Visa by 4.1% during the fourth quarter. Mendel Capital Management LLC now owns 3,516 shares of the credit-card processor's stock worth $1,111,000 after buying an additional 139 shares during the period. Whalerock Point Partners LLC increased its holdings in shares of Visa by 0.4% during the fourth quarter. Whalerock Point Partners LLC now owns 51,542 shares of the credit-card processor's stock valued at $16,289,000 after purchasing an additional 229 shares during the period. Finally, Betterment LLC increased its holdings in shares of Visa by 4.7% during the fourth quarter. Betterment LLC now owns 830 shares of the credit-card processor's stock valued at $262,000 after purchasing an additional 37 shares during the period. Institutional investors and hedge funds own 82.15% of the company's stock.

Visa Stock Performance

NYSE:V traded down $2.80 on Thursday, reaching $342.70. 3,046,584 shares of the company's stock were exchanged, compared to its average volume of 7,205,604. The firm has a market cap of $636.66 billion, a price-to-earnings ratio of 34.54, a P/E/G ratio of 2.33 and a beta of 0.94. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.12 and a quick ratio of 1.12. The stock has a fifty day simple moving average of $337.84 and a 200-day simple moving average of $323.67. Visa Inc. has a 52 week low of $252.70 and a 52 week high of $366.54.

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 (EPS) for the quarter, beating analysts' consensus estimates of $2.68 by $0.08. Visa had a net margin of 54.27% and a return on equity of 54.79%. The business had revenue of $9.59 billion for the quarter, compared to the consensus estimate of $9.57 billion. During the same period in the previous year, the firm earned $2.51 EPS. The company's quarterly revenue was up 9.3% compared to the same quarter last year. As a group, sell-side analysts predict that Visa Inc. will post 11.3 earnings per share 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 given a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a dividend yield of 0.69%. The ex-dividend date of this dividend is Tuesday, May 13th. Visa's payout ratio is 23.79%.

Analyst Ratings Changes

A number of research analysts recently issued reports on the company. Susquehanna reaffirmed a "positive" rating on shares of Visa in a report on Friday, March 21st. Macquarie reduced their price target on Visa from $400.00 to $380.00 and set an "outperform" rating for the company in a report on Wednesday. The Goldman Sachs Group lifted their price target on Visa from $346.00 to $384.00 and gave the company a "buy" rating in a report on Friday, January 31st. Keefe, Bruyette & Woods restated a "hold" rating on shares of Visa in a report on Thursday, February 13th. Finally, BMO Capital Markets increased their price objective on Visa from $370.00 to $380.00 and gave the company an "outperform" rating in a research report on Wednesday. Seven analysts have rated the stock with a hold rating, twenty have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $362.38.

Insider Buying and Selling

In other news, insider Paul D. Fabara sold 39,350 shares of the firm's stock in a transaction that occurred on Friday, March 14th. The shares were sold at an average price of $327.20, for a total transaction of $12,875,320.00. Following the transaction, the insider now directly owns 26,413 shares of the company's stock, valued at approximately $8,642,333.60. This trade represents a 59.84 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CAO Peter M. Andreski sold 2,332 shares of the stock in a transaction that occurred on Friday, February 7th. The shares were sold at an average price of $349.62, for a total transaction of $815,313.84. Following the transaction, the chief accounting officer now owns 4,488 shares in the company, valued at approximately $1,569,094.56. This represents a 34.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 143,205 shares of company stock valued at $48,842,490. Company insiders own 0.13% of the company's stock.

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.