Lynwood Price Capital Management LP Buys New Stake in Visa Inc. (NYSE:V)

Lynwood Price Capital Management LP acquired a new position in Visa Inc. (NYSE:V - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 5,000 shares of the credit-card processor's stock, valued at approximately $1,580,000. Visa accounts for about 1.1% of Lynwood Price Capital Management LP's holdings, making the stock its 15th largest position.

A number of other hedge funds have also bought and sold shares of V. Hirtle Callaghan & Co LLC lifted its stake in Visa by 1.3% during the 4th quarter. Hirtle Callaghan & Co LLC now owns 2,291 shares of the credit-card processor's stock valued at $724,000 after acquiring an additional 29 shares during the period. Elevation Wealth Partners LLC raised its stake in Visa by 3.3% during the 4th quarter. Elevation Wealth Partners LLC now owns 939 shares of the credit-card processor's stock valued at $297,000 after buying an additional 30 shares during the last quarter. Warther Private Wealth LLC lifted its holdings in shares of Visa by 1.0% during the 4th quarter. Warther Private Wealth LLC now owns 2,935 shares of the credit-card processor's stock valued at $928,000 after buying an additional 30 shares during the period. Valmark Advisers Inc. boosted its stake in shares of Visa by 0.4% in the 4th quarter. Valmark Advisers Inc. now owns 7,251 shares of the credit-card processor's stock worth $2,292,000 after buying an additional 30 shares during the last quarter. Finally, Strategic Family Wealth Counselors L.L.C. grew its holdings in shares of Visa by 0.4% in the fourth quarter. Strategic Family Wealth Counselors L.L.C. now owns 7,283 shares of the credit-card processor's stock worth $2,302,000 after acquiring an additional 30 shares during the period. 82.15% of the stock is currently owned by hedge funds and other institutional investors.

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Insider Buying and Selling at Visa

In other news, insider Paul D. Fabara sold 39,350 shares of the firm's stock in a transaction on Friday, March 14th. The stock was sold at an average price of $327.20, for a total transaction of $12,875,320.00. Following the transaction, the insider now owns 26,413 shares in the company, valued at approximately $8,642,333.60. This trade represents a 59.84 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Ryan Mcinerney sold 8,620 shares of the firm's stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $340.00, for a total transaction of $2,930,800.00. The disclosure for this sale can be found here. Insiders sold a total of 143,205 shares of company stock valued at $48,842,490 in the last three months. Company insiders own 0.13% of the company's stock.

Visa Trading Down 7.6 %

NYSE V traded down $25.93 during trading on Friday, hitting $313.46. The stock had a trading volume of 13,195,055 shares, compared to its average volume of 7,221,128. The stock has a market capitalization of $582.34 billion, a price-to-earnings ratio of 31.60, a P/E/G ratio of 2.33 and a beta of 0.94. The stock has a 50 day simple moving average of $345.02 and a 200 day simple moving average of $317.07. Visa Inc. has a one year low of $252.70 and a one year high of $366.54. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.12 and a current ratio of 1.12.

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

Visa Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Tuesday, February 11th were issued a dividend of $0.59 per share. The ex-dividend date was Tuesday, February 11th. This represents a $2.36 dividend on an annualized basis and a yield of 0.75%. Visa's payout ratio is 23.79%.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on V shares. Morgan Stanley increased their target price on Visa from $326.00 to $371.00 and gave the company an "overweight" rating in a report on Wednesday, December 18th. Susquehanna reissued a "positive" rating on shares of Visa in a report on Friday, March 21st. Raymond James reaffirmed an "outperform" rating and set a $393.00 target price (up from $374.00) on shares of Visa in a report on Friday, January 31st. The Goldman Sachs Group boosted their price objective on shares of Visa from $346.00 to $384.00 and gave the company a "buy" rating in a research report on Friday, January 31st. Finally, StockNews.com raised Visa from a "hold" rating to a "buy" rating in a report on Friday, March 28th. Five equities research analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $355.84.

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.