3,655 Shares in Visa Inc. (NYSE:V) Purchased by DecisionMap Wealth Management LLC

DecisionMap Wealth Management LLC bought a new position in Visa Inc. (NYSE:V - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm bought 3,655 shares of the credit-card processor's stock, valued at approximately $1,155,000. Visa makes up approximately 0.9% of DecisionMap Wealth Management LLC's investment portfolio, making the stock its 29th biggest position.

A number of other institutional investors have also bought and sold shares of the business. Raymond James Financial Inc. purchased a new stake in Visa in the fourth quarter valued at approximately $1,955,403,000. Proficio Capital Partners LLC grew its stake in shares of Visa by 17,018.7% during the fourth quarter. Proficio Capital Partners LLC now owns 3,949,118 shares of the credit-card processor's stock worth $1,248,079,000 after purchasing an additional 3,926,049 shares in the last quarter. State Street Corp grew its stake in shares of Visa by 4.5% during the third quarter. State Street Corp now owns 76,610,942 shares of the credit-card processor's stock worth $21,064,179,000 after purchasing an additional 3,327,977 shares in the last quarter. FMR LLC lifted its position in Visa by 6.1% in the third quarter. FMR LLC now owns 57,111,843 shares of the credit-card processor's stock valued at $15,702,901,000 after acquiring an additional 3,265,518 shares during the last quarter. Finally, Geode Capital Management LLC lifted its position in Visa by 7.7% in the third quarter. Geode Capital Management LLC now owns 38,655,250 shares of the credit-card processor's stock valued at $10,601,135,000 after acquiring an additional 2,772,549 shares during the last quarter. 82.15% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

V has been the subject of a number of research reports. Keefe, Bruyette & Woods reissued a "hold" rating on shares of Visa in a research report on Thursday, February 13th. Susquehanna upped their target price on shares of Visa from $395.00 to $410.00 and gave the company a "positive" rating in a report on Friday, February 21st. The Goldman Sachs Group upped their target price on shares of Visa from $346.00 to $384.00 and gave the company a "buy" rating in a report on Friday, January 31st. UBS Group upped their target price on shares of Visa from $350.00 to $400.00 and gave the company a "buy" rating in a report on Friday, January 31st. Finally, Raymond James reaffirmed an "outperform" rating and issued a $393.00 target price (up from $374.00) on shares of Visa in a report on Friday, January 31st. Seven analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $353.96.

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Visa Stock Up 0.3 %

Shares of NYSE V opened at $333.01 on Thursday. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.12 and a current ratio of 1.12. The firm has a market cap of $618.66 billion, a P/E ratio of 33.57, a price-to-earnings-growth ratio of 2.33 and a beta of 0.95. Visa Inc. has a 1 year low of $252.70 and a 1 year high of $366.54. The firm's 50 day moving average price is $337.35 and its 200 day moving average price is $310.05.

Visa (NYSE:V - Get Free Report) last posted its quarterly earnings results on Thursday, January 30th. The credit-card processor reported $2.75 earnings per share for the quarter, topping analysts' consensus estimates of $2.66 by $0.09. Visa had a net margin of 54.27% and a return on equity of 54.79%. As a group, sell-side analysts anticipate that Visa Inc. will post 11.3 earnings per share for the current year.

Visa Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Tuesday, February 11th were paid a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a dividend yield of 0.71%. The ex-dividend date was Tuesday, February 11th. Visa's dividend payout ratio is presently 23.79%.

Insider Activity

In other Visa news, insider Tullier Kelly Mahon sold 33,741 shares of the firm's stock in a transaction on Friday, February 7th. The shares were sold at an average price of $349.77, for a total transaction of $11,801,589.57. Following the completion of the transaction, the insider now directly owns 36,566 shares of the company's stock, valued at $12,789,689.82. This trade represents a 47.99 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Ryan Mcinerney sold 8,620 shares of the firm's stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $317.78, for a total transaction of $2,739,263.60. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 64,505 shares of company stock valued at $22,290,507. Company insiders own 0.13% 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.

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