Diversified LLC Purchases 160 Shares of Visa Inc. (NYSE:V)

Diversified LLC lifted its position in Visa Inc. (NYSE:V) by 5.0% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 3,361 shares of the credit-card processor’s stock after acquiring an additional 160 shares during the period. Diversified LLC’s holdings in Visa were worth $875,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in V. Investment Advisory Services Inc. TX ADV lifted its holdings in Visa by 2.0% during the 3rd quarter. Investment Advisory Services Inc. TX ADV now owns 3,930 shares of the credit-card processor’s stock valued at $904,000 after purchasing an additional 78 shares during the last quarter. Towerpoint Wealth LLC acquired a new stake in Visa during the 4th quarter valued at $216,000. Andrew Hill Investment Advisors Inc. acquired a new stake in shares of Visa during the fourth quarter worth $3,427,000. Wayfinding Financial LLC lifted its holdings in shares of Visa by 10.1% during the third quarter. Wayfinding Financial LLC now owns 1,757 shares of the credit-card processor’s stock worth $406,000 after buying an additional 161 shares in the last quarter. Finally, Richelieu Gestion SA acquired a new stake in shares of Visa during the fourth quarter worth $307,000. 82.15% of the stock is owned by institutional investors.

Visa Stock Performance

Visa stock opened at $272.31 on Tuesday. Visa Inc. has a 12-month low of $216.14 and a 12-month high of $290.96. The company has a quick ratio of 1.45, a current ratio of 1.45 and a debt-to-equity ratio of 0.54. The business’s 50-day moving average price is $279.52 and its two-hundred day moving average price is $263.62. The stock has a market cap of $500.10 billion, a PE ratio of 31.34, a P/E/G ratio of 1.86 and a beta of 0.96.

Visa (NYSE:V) last released its 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. Visa had a return on equity of 50.02% and a net margin of 53.92%. The firm had revenue of $8.63 billion for the quarter, compared to analysts’ expectations of $8.55 billion. During the same quarter in the previous year, the business posted $2.18 earnings per share. The business’s revenue for the quarter was up 9.3% on a year-over-year basis. As a group, analysts expect that Visa Inc. will post 9.88 earnings per share for the current fiscal year.

Visa Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 1st. Stockholders of record on Friday, February 9th were issued a dividend of $0.52 per share. This represents a $2.08 annualized dividend and a dividend yield of 0.76%. The ex-dividend date of this dividend was Thursday, February 8th. Visa’s dividend payout ratio (DPR) is currently 23.94%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on V shares. Royal Bank of Canada lifted their target price on Visa from $290.00 to $309.00 and gave the stock an “outperform” rating in a report on Friday, January 26th. Evercore ISI lifted their target price on Visa from $325.00 to $335.00 and gave the stock an “outperform” rating in a report on Tuesday, March 26th. Wedbush lifted their target price on Visa from $270.00 to $280.00 and gave the stock an “outperform” rating in a report on Friday, January 26th. TD Cowen assumed coverage on Visa in a report on Thursday, April 11th. They set a “buy” rating and a $320.00 target price for the company. Finally, Keefe, Bruyette & Woods boosted their price target on Visa from $305.00 to $315.00 and gave the company an “outperform” rating in a research note on Friday, January 26th. Five equities research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $298.43.

Insider Transactions at Visa

In other news, CEO Ryan Mcinerney sold 8,150 shares of the business’s stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $273.39, for a total transaction of $2,228,128.50. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other news, CAO Peter M. Andreski sold 2,615 shares of the business’s stock in a transaction dated Wednesday, February 7th. The stock was sold at an average price of $278.88, for a total transaction of $729,271.20. Following the sale, the chief accounting officer now directly owns 4,898 shares in the company, valued at $1,365,954.24. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Ryan Mcinerney sold 8,150 shares of the business’s stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $273.39, for a total value of $2,228,128.50. The disclosure for this sale can be found here. Over the last three months, insiders have sold 18,965 shares of company stock worth $5,256,352. 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.