Visa Inc. (NYSE:V) Shares Purchased by Peterson Wealth Services

Peterson Wealth Services increased its position in shares of Visa Inc. (NYSE:V) by 2.9% in the 4th quarter, Holdings Channel.com reports. The firm owned 19,909 shares of the credit-card processor’s stock after acquiring an additional 560 shares during the quarter. Visa makes up 2.2% of Peterson Wealth Services’ portfolio, making the stock its 11th biggest holding. Peterson Wealth Services’ holdings in Visa were worth $5,183,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of V. Hibernia Wealth Partners LLC acquired a new stake in Visa during the third quarter worth about $25,000. Altshuler Shaham Ltd purchased a new position in Visa during the third quarter worth about $25,000. O Brien Wealth Partners LLC purchased a new position in Visa during the fourth quarter worth about $32,000. Financial Freedom LLC purchased a new position in Visa during the fourth quarter worth about $32,000. Finally, Nalls Sherbakoff Group LLC boosted its stake in Visa by 545.5% during the third quarter. Nalls Sherbakoff Group LLC now owns 142 shares of the credit-card processor’s stock worth $33,000 after buying an additional 120 shares during the period. 82.15% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have weighed in on V shares. William Blair reaffirmed an “outperform” rating on shares of Visa in a research note on Friday, January 26th. Mizuho reaffirmed a “neutral” rating and set a $265.00 target price on shares of Visa in a research note on Wednesday, March 27th. Keefe, Bruyette & Woods increased their target price on shares of Visa from $305.00 to $315.00 and gave the stock an “outperform” rating in a research note on Friday, January 26th. Citigroup raised their price objective on shares of Visa from $296.00 to $306.00 and gave the company a “buy” rating in a research note on Thursday, January 18th. Finally, Robert W. Baird raised their price objective on shares of Visa from $314.00 to $320.00 and gave the company an “outperform” rating in a research note on Wednesday. Five research analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $298.43.

Insiders Place Their Bets

In other news, CEO Ryan Mcinerney sold 8,200 shares of Visa stock in a transaction on Monday, April 1st. The shares were sold at an average price of $280.36, for a total value of $2,298,952.00. Following the transaction, the chief executive officer now directly owns 538 shares of the company’s stock, valued at approximately $150,833.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, CEO Ryan Mcinerney sold 8,200 shares of Visa stock in a transaction on Monday, April 1st. The shares were sold at an average price of $280.36, for a total value of $2,298,952.00. Following the transaction, the chief executive officer now directly owns 538 shares of the company’s stock, valued at approximately $150,833.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Peter M. Andreski sold 2,615 shares of Visa stock in a transaction on 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 transaction, the chief accounting officer now directly owns 4,898 shares in the company, valued at $1,365,954.24. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 18,965 shares of company stock valued at $5,256,352. 0.19% of the stock is owned by corporate insiders.

Visa Stock Down 0.5 %

Shares of NYSE:V opened at $271.37 on Friday. The company has a quick ratio of 1.45, a current ratio of 1.45 and a debt-to-equity ratio of 0.54. Visa Inc. has a fifty-two week low of $216.14 and a fifty-two week high of $290.96. The firm’s 50 day moving average price is $279.71 and its 200 day moving average price is $262.62. The stock has a market cap of $498.37 billion, a price-to-earnings ratio of 31.23, a price-to-earnings-growth ratio of 1.88 and a beta of 0.96.

Visa (NYSE:V) last released its quarterly earnings data on Thursday, January 25th. The credit-card processor reported $2.41 earnings per share for the quarter, topping analysts’ consensus estimates of $2.34 by $0.07. Visa had a net margin of 53.92% and a return on equity of 50.02%. The company had revenue of $8.63 billion for the quarter, compared to analysts’ expectations of $8.55 billion. During the same quarter last year, the company earned $2.18 earnings per share. The firm’s revenue for the quarter was up 9.3% on a year-over-year basis. As a group, equities research analysts predict that Visa Inc. will post 9.88 earnings per share for the current fiscal year.

Visa Announces Dividend

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

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.