Kera Capital Partners Inc. Invests $295,000 in Visa Inc. (NYSE:V)

Kera Capital Partners Inc. bought a new stake in Visa Inc. (NYSE:V - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 935 shares of the credit-card processor's stock, valued at approximately $295,000.

Several other hedge funds also recently bought and sold shares of V. Peterson Financial Group Inc. acquired a new stake in shares of Visa in the third quarter valued at $26,000. Decker Retirement Planning Inc. purchased a new position in Visa during the 4th quarter valued at about $26,000. Reston Wealth Management LLC acquired a new position in Visa in the 3rd quarter valued at about $31,000. Modus Advisors LLC purchased a new stake in Visa during the fourth quarter worth about $32,000. Finally, West Financial Advisors LLC lifted its position in shares of Visa by 101.4% during the third quarter. West Financial Advisors LLC now owns 145 shares of the credit-card processor's stock worth $40,000 after purchasing an additional 73 shares in the last quarter. Hedge funds and other institutional investors own 82.15% of the company's stock.

Insider Buying and Selling

In related news, CEO Ryan Mcinerney sold 8,620 shares of the company's stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $317.78, for a total value of $2,739,263.60. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Paul D. Fabara sold 2,171 shares of Visa stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $307.97, for a total value of $668,602.87. Following the transaction, the insider now directly owns 17,894 shares of the company's stock, valued at approximately $5,510,815.18. This represents a 10.82 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.13% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

V has been the subject of a number of research reports. Citigroup lifted their price objective on shares of Visa from $326.00 to $354.00 and gave the company a "buy" rating in a report on Tuesday, January 14th. Piper Sandler boosted their price target on shares of Visa from $319.00 to $322.00 and gave the stock an "overweight" rating in a research note on Wednesday, October 30th. Deutsche Bank Aktiengesellschaft upped their price objective on Visa from $300.00 to $340.00 and gave the stock a "buy" rating in a research report on Wednesday, October 30th. Wells Fargo & Company boosted their target price on Visa from $325.00 to $360.00 and gave the stock an "overweight" rating in a research note on Friday, January 3rd. Finally, Royal Bank of Canada increased their price target on Visa from $311.00 to $322.00 and gave the company an "outperform" rating in a research report on Wednesday, October 30th. Four analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, Visa currently has an average rating of "Moderate Buy" and an average price target of $331.92.

Visa Stock Performance

Visa stock traded up $2.72 during mid-day trading on Monday, reaching $319.97. 5,746,152 shares of the company were exchanged, compared to its average volume of 5,703,089. The firm has a market cap of $596.06 billion, a PE ratio of 32.88, a price-to-earnings-growth ratio of 2.06 and a beta of 0.96. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.28 and a current ratio of 1.28. The firm's 50-day simple moving average is $313.41 and its two-hundred day simple moving average is $288.73. Visa Inc. has a twelve month low of $252.70 and a twelve month high of $321.61.

Visa (NYSE:V - Get Free Report) last issued its quarterly earnings results on Tuesday, October 29th. The credit-card processor reported $2.71 earnings per share for the quarter, topping the consensus estimate of $2.58 by $0.13. The firm had revenue of $9.62 billion during the quarter, compared to the consensus estimate of $9.49 billion. Visa had a return on equity of 53.16% and a net margin of 54.96%. The company's revenue for the quarter was up 11.7% on a year-over-year basis. During the same period last year, the company earned $2.33 earnings per share. Equities analysts predict that Visa Inc. will post 11.22 earnings per share for the current fiscal year.

Visa Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, December 2nd. Investors of record on Tuesday, November 12th were paid a $0.59 dividend. The ex-dividend date of this dividend was Tuesday, November 12th. This is an increase from Visa's previous quarterly dividend of $0.52. This represents a $2.36 dividend on an annualized basis and a dividend yield of 0.74%. Visa's payout ratio is 24.25%.

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.