FDO Partners LLC acquired a new stake in Visa Inc (NYSE:V) in the 3rd quarter, HoldingsChannel reports. The fund acquired 2,210 shares of the credit-card processor’s stock, valued at approximately $233,000.

Several other institutional investors have also recently added to or reduced their stakes in V. Welch Investments LLC acquired a new stake in Visa during the 3rd quarter valued at approximately $101,000. Cordasco Financial Network bought a new position in shares of Visa during the 3rd quarter worth approximately $105,000. Motco boosted its holdings in shares of Visa by 25.1% during the 2nd quarter. Motco now owns 1,176 shares of the credit-card processor’s stock worth $110,000 after buying an additional 236 shares in the last quarter. Massey Quick Simon & CO. LLC bought a new position in shares of Visa during the 3rd quarter worth approximately $110,000. Finally, BDO Wealth Advisors LLC bought a new position in shares of Visa during the 2nd quarter worth approximately $115,000. 81.28% of the stock is owned by institutional investors.

In other Visa news, Director Robert W. Matschullat sold 6,220 shares of the firm’s stock in a transaction on Wednesday, December 13th. The stock was sold at an average price of $113.76, for a total transaction of $707,587.20. Following the transaction, the director now directly owns 57,368 shares in the company, valued at approximately $6,526,183.68. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Tullier Kelly Mahon sold 49,702 shares of the firm’s stock in a transaction on Friday, December 15th. The shares were sold at an average price of $113.66, for a total value of $5,649,129.32. Following the transaction, the executive vice president now owns 76,202 shares in the company, valued at $8,661,119.32. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 58,068 shares of company stock worth $6,597,262. Company insiders own 0.14% of the company’s stock.

V has been the topic of a number of research analyst reports. Citigroup increased their price target on Visa from $115.00 to $124.00 and gave the stock a “buy” rating in a report on Wednesday, October 18th. KeyCorp restated a “buy” rating and set a $118.00 price target on shares of Visa in a report on Wednesday, October 18th. Barclays increased their price target on Visa from $114.00 to $123.00 and gave the stock an “overweight” rating in a report on Wednesday, October 18th. Morgan Stanley increased their price target on Visa from $114.00 to $125.00 and gave the stock an “overweight” rating in a report on Friday, October 20th. Finally, Zacks Investment Research cut Visa from a “buy” rating to a “hold” rating in a report on Tuesday, October 24th. Two analysts have rated the stock with a hold rating, thirty-one have issued a buy rating and one has issued a strong buy rating to the company’s stock. Visa has an average rating of “Buy” and a consensus target price of $133.85.

Visa Inc (V) opened at $120.83 on Thursday. Visa Inc has a twelve month low of $86.70 and a twelve month high of $126.88. The company has a debt-to-equity ratio of 0.60, a current ratio of 2.07 and a quick ratio of 2.07. The stock has a market capitalization of $273,820.00, a price-to-earnings ratio of 40.01, a P/E/G ratio of 1.57 and a beta of 1.03.

Visa (NYSE:V) last issued its earnings results on Thursday, February 1st. The credit-card processor reported $1.08 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.98 by $0.10. Visa had a return on equity of 32.97% and a net margin of 38.12%. The company had revenue of $4.86 billion for the quarter, compared to analysts’ expectations of $4.82 billion. During the same period last year, the business earned $0.86 EPS. Visa’s quarterly revenue was up 9.0% compared to the same quarter last year. analysts predict that Visa Inc will post 4.36 earnings per share for the current year.

Visa announced that its Board of Directors has initiated a stock repurchase plan on Thursday, February 1st that allows the company to buyback $7.50 billion in shares. This buyback authorization allows the credit-card processor to purchase shares of its stock through open market purchases. Shares buyback plans are often an indication that the company’s board of directors believes its stock is undervalued.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 6th. Shareholders of record on Friday, February 16th will be paid a dividend of $0.21 per share. The ex-dividend date is Thursday, February 15th. This is a boost from Visa’s previous quarterly dividend of $0.20. This represents a $0.84 annualized dividend and a yield of 0.70%. Visa’s dividend payout ratio (DPR) is 25.83%.

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Visa Profile

Visa Inc (Visa) is a payments technology company that connects consumers, merchants, financial institutions, businesses, strategic partners and government entities to electronic payments. The Company operates through payment services segment. The Company enables global commerce through the transfer of value and information among the participants.

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Institutional Ownership by Quarter for Visa (NYSE:V)

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