Capital Analysts LLC Acquires 1,197 Shares of Visa Inc. (NYSE:V)

Capital Analysts LLC lifted its holdings in Visa Inc. (NYSE:V - Free Report) by 2.5% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 48,741 shares of the credit-card processor's stock after purchasing an additional 1,197 shares during the quarter. Capital Analysts LLC's holdings in Visa were worth $15,404,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the business. Hirtle Callaghan & Co LLC lifted its holdings in Visa by 1.3% in the 4th quarter. Hirtle Callaghan & Co LLC now owns 2,291 shares of the credit-card processor's stock worth $724,000 after buying an additional 29 shares in the last quarter. Elevation Wealth Partners LLC lifted its stake in shares of Visa by 3.3% in the fourth quarter. Elevation Wealth Partners LLC now owns 939 shares of the credit-card processor's stock worth $297,000 after acquiring an additional 30 shares in the last quarter. Warther Private Wealth LLC boosted its holdings in Visa by 1.0% in the fourth quarter. Warther Private Wealth LLC now owns 2,935 shares of the credit-card processor's stock valued at $928,000 after purchasing an additional 30 shares during the last quarter. Valmark Advisers Inc. grew its stake in Visa by 0.4% during the 4th quarter. Valmark Advisers Inc. now owns 7,251 shares of the credit-card processor's stock valued at $2,292,000 after purchasing an additional 30 shares in the last quarter. Finally, Strategic Family Wealth Counselors L.L.C. increased its holdings in Visa by 0.4% during the 4th quarter. Strategic Family Wealth Counselors L.L.C. now owns 7,283 shares of the credit-card processor's stock worth $2,302,000 after purchasing an additional 30 shares during the last quarter. Institutional investors own 82.15% of the company's stock.

Visa Price Performance

NYSE V traded up $0.30 on Wednesday, reaching $341.82. 3,499,792 shares of the stock traded hands, compared to its average volume of 7,195,375. Visa Inc. has a 12 month low of $252.70 and a 12 month high of $366.54. The company has a market cap of $635.03 billion, a price-to-earnings ratio of 34.46, a P/E/G ratio of 2.33 and a beta of 0.94. The firm's fifty day simple moving average is $337.89 and its 200 day simple moving average is $323.52. 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 announced its earnings results on Tuesday, April 29th. The credit-card processor reported $2.76 earnings per share for the quarter, beating the consensus estimate of $2.68 by $0.08. Visa had a return on equity of 54.79% and a net margin of 54.27%. The business had revenue of $9.59 billion during the quarter, compared to analysts' expectations of $9.57 billion. During the same quarter last year, the business posted $2.51 earnings per share. The company's quarterly revenue was up 9.3% on a year-over-year basis. As a group, research analysts predict that Visa Inc. will post 11.3 EPS for the current fiscal year.

Visa Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Tuesday, February 11th were issued a $0.59 dividend. The ex-dividend date was Tuesday, February 11th. This represents a $2.36 annualized dividend and a dividend yield of 0.69%. Visa's dividend payout ratio is currently 23.79%.

Insider Activity

In other Visa news, CAO Peter M. Andreski sold 2,332 shares of the stock in a transaction 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 directly owns 4,488 shares of the company's stock, valued at $1,569,094.56. This represents a 34.19 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Ryan Mcinerney sold 8,620 shares of the business's stock in a transaction that occurred on Tuesday, April 1st. The stock was sold at an average price of $350.44, for a total value of $3,020,792.80. Following the completion of the sale, the chief executive officer now owns 537 shares of the company's stock, valued at approximately $188,186.28. This trade represents a 94.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 143,205 shares of company stock worth $48,842,490. Insiders own 0.13% of the company's stock.

Analyst Ratings Changes

Several equities analysts have recently commented on V shares. BMO Capital Markets increased their target price on Visa from $370.00 to $380.00 and gave the company an "outperform" rating in a research note on Wednesday. JPMorgan Chase & Co. increased their price objective on shares of Visa from $340.00 to $375.00 and gave the company an "overweight" rating in a research note on Friday, January 31st. Citigroup reaffirmed a "neutral" rating on shares of Visa in a research report on Thursday, February 13th. Bank of America increased their target price on Visa from $331.00 to $363.00 and gave the stock a "neutral" rating in a report on Friday, January 31st. Finally, StockNews.com downgraded Visa from a "buy" rating to a "hold" rating in a report on Wednesday, April 16th. 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's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $360.50.

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.