Wynn Capital LLC Makes New $241,000 Investment in Visa Inc. (NYSE:V)

Wynn Capital LLC acquired a new position in Visa Inc. (NYSE:V) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 924 shares of the credit-card processor’s stock, valued at approximately $241,000.

A number of other large investors have also modified their holdings of V. Trifecta Capital Advisors LLC raised its position in shares of Visa by 2.7% during the 3rd quarter. Trifecta Capital Advisors LLC now owns 20,176 shares of the credit-card processor’s stock worth $4,641,000 after purchasing an additional 536 shares during the last quarter. Buttonwood Financial Advisors Inc. grew its stake in Visa by 6.0% during the 3rd quarter. Buttonwood Financial Advisors Inc. now owns 16,590 shares of the credit-card processor’s stock valued at $3,816,000 after acquiring an additional 933 shares in the last quarter. Trust Co. of Oklahoma grew its stake in Visa by 1.5% during the 3rd quarter. Trust Co. of Oklahoma now owns 31,365 shares of the credit-card processor’s stock valued at $7,214,000 after acquiring an additional 453 shares in the last quarter. Relyea Zuckerberg Hanson LLC grew its stake in Visa by 1.6% during the 3rd quarter. Relyea Zuckerberg Hanson LLC now owns 5,370 shares of the credit-card processor’s stock valued at $1,235,000 after acquiring an additional 86 shares in the last quarter. Finally, Naples Global Advisors LLC grew its stake in Visa by 29.8% during the 3rd quarter. Naples Global Advisors LLC now owns 6,747 shares of the credit-card processor’s stock valued at $1,552,000 after acquiring an additional 1,550 shares in the last quarter. Institutional investors and hedge funds own 82.15% of the company’s stock.

Visa Price Performance

Visa stock traded down $0.80 during trading hours on Thursday, hitting $274.22. 1,993,129 shares of the company traded hands, compared to its average volume of 5,862,543. Visa Inc. has a 1-year low of $216.14 and a 1-year high of $290.96. The firm’s 50-day simple moving average is $279.44 and its two-hundred day simple moving average is $263.97. The firm has a market cap of $503.61 billion, a P/E ratio of 30.29, a P/E/G ratio of 1.89 and a beta of 0.96. The company has a quick ratio of 1.45, a current ratio of 1.45 and a debt-to-equity ratio of 0.54.

Visa (NYSE:V) last posted its quarterly earnings results on Tuesday, April 23rd. The credit-card processor reported $2.51 EPS for the quarter, topping the consensus estimate of $2.43 by $0.08. The business had revenue of $8.78 billion during the quarter, compared to analysts’ expectations of $8.62 billion. Visa had a net margin of 53.87% and a return on equity of 51.72%. The firm’s quarterly revenue was up 9.9% compared to the same quarter last year. During the same period last year, the company posted $2.09 earnings per share. As a group, analysts forecast 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 will be paid on Monday, June 3rd. Stockholders of record on Friday, May 17th will be given a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a dividend yield of 0.76%. The ex-dividend date is Thursday, May 16th. Visa’s dividend payout ratio is 23.24%.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the stock. Citigroup increased their price target on shares of Visa from $314.00 to $321.00 and gave the company a “buy” rating in a research note on Wednesday. KeyCorp increased their price objective on shares of Visa from $275.00 to $300.00 and gave the stock an “overweight” rating in a research report on Monday, January 8th. Macquarie increased their target price on shares of Visa from $290.00 to $300.00 and gave the stock an “outperform” rating in a report on Wednesday. Royal Bank of Canada increased their target price on shares of Visa from $309.00 to $315.00 and gave the company an “outperform” rating in a research report on Wednesday. Finally, Oppenheimer raised their price objective on shares of Visa from $297.00 to $299.00 and gave the stock an “outperform” rating in a research report on Wednesday. Five equities research analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the stock. According to data from MarketBeat.com, Visa presently has an average rating of “Moderate Buy” and an average price target of $302.58.

Insiders Place Their Bets

In related news, CEO Ryan Mcinerney sold 8,150 shares of the company’s stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $273.39, for a total transaction of $2,228,128.50. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In other Visa news, CAO Peter M. Andreski sold 2,615 shares of the company’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 transaction of $729,271.20. Following the completion of the transaction, the chief accounting officer now owns 4,898 shares of the company’s stock, valued at approximately $1,365,954.24. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Ryan Mcinerney sold 8,150 shares of the stock in a transaction that occurred on Thursday, February 1st. The shares were 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. Insiders have sold 18,965 shares of company stock worth $5,256,352 over the last 90 days. Corporate insiders own 0.19% of the company’s stock.

About Visa

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.