Archer Investment Corp Lowers Position in Visa Inc. (NYSE:V)

Archer Investment Corp lessened its position in Visa Inc. (NYSE:V) by 1.7% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 5,638 shares of the credit-card processor’s stock after selling 97 shares during the quarter. Archer Investment Corp’s holdings in Visa were worth $1,468,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Hibernia Wealth Partners LLC bought a new position in Visa during the 3rd quarter valued at approximately $25,000. Altshuler Shaham Ltd bought a new position in Visa during the 3rd quarter valued at approximately $25,000. O Brien Wealth Partners LLC bought a new position in Visa during the 4th quarter valued at approximately $32,000. Financial Freedom LLC bought a new position in Visa during the 4th quarter valued at approximately $32,000. Finally, Nalls Sherbakoff Group LLC increased 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 buying an additional 120 shares in the last quarter. Hedge funds and other institutional investors own 82.15% of the company’s stock.

Visa Trading Down 0.5 %

V opened at $271.37 on Friday. The stock has a market cap of $498.37 billion, a price-to-earnings ratio of 31.23, a P/E/G ratio of 1.88 and a beta of 0.96. The stock’s 50 day moving average price is $279.71 and its 200-day moving average price is $262.62. Visa Inc. has a one year low of $216.14 and a one year high of $290.96. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.45 and a current ratio of 1.45.

Visa (NYSE:V) last announced its quarterly 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. The firm had revenue of $8.63 billion during 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%. Visa’s quarterly revenue was up 9.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.18 earnings per share. On average, equities analysts forecast that Visa Inc. will post 9.88 EPS for the current year.

Visa Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, March 1st. Investors of record on Friday, February 9th were issued a $0.52 dividend. The ex-dividend date was Thursday, February 8th. This represents a $2.08 dividend on an annualized basis and a dividend yield of 0.77%. Visa’s payout ratio is 23.94%.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the company. Evercore ISI raised their price objective on Visa from $325.00 to $335.00 and gave the company an “outperform” rating in a research report on Tuesday, March 26th. Citigroup raised their price objective on Visa from $296.00 to $306.00 and gave the company a “buy” rating in a research report on Thursday, January 18th. William Blair reissued an “outperform” rating on shares of Visa in a report on Friday, January 26th. Redburn Atlantic reissued a “neutral” rating and issued a $307.00 target price on shares of Visa in a report on Wednesday, March 27th. Finally, KeyCorp lifted their target price on Visa from $275.00 to $300.00 and gave the stock an “overweight” rating in a report on Monday, January 8th. Five 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, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $298.43.

Insider Activity at Visa

In related news, CAO Peter M. Andreski sold 2,615 shares of the business’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 value of $729,271.20. Following the completion of the sale, the chief accounting officer now owns 4,898 shares in the company, valued at $1,365,954.24. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Visa news, CAO Peter M. Andreski sold 2,615 shares of the stock in a transaction dated Wednesday, February 7th. The shares were sold at an average price of $278.88, for a total transaction of $729,271.20. Following the completion of the sale, 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 accessible through this link. Also, 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 transaction of $2,298,952.00. Following the completion of the transaction, the chief executive officer now directly owns 538 shares in the company, valued at approximately $150,833.68. The disclosure for this sale can be found here. Over the last quarter, insiders sold 18,965 shares of company stock worth $5,256,352. Company insiders own 0.19% of the company’s stock.

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.