Blue Grotto Capital LLC Acquires New Position in Visa Inc. (NYSE:V)

Blue Grotto Capital LLC purchased a new position in Visa Inc. (NYSE:V - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 15,000 shares of the credit-card processor's stock, valued at approximately $4,741,000. Visa makes up 0.9% of Blue Grotto Capital LLC's holdings, making the stock its 26th largest holding.

A number of other institutional investors and hedge funds have also bought and sold shares of V. Banco BTG Pactual S.A. purchased a new position in shares of Visa in the fourth quarter worth $392,000. Core Wealth Partners LLC boosted its holdings in shares of Visa by 9.8% during the 4th quarter. Core Wealth Partners LLC now owns 5,207 shares of the credit-card processor's stock valued at $1,645,000 after purchasing an additional 466 shares during the last quarter. Ausdal Financial Partners Inc. boosted its holdings in shares of Visa by 7.4% during the 4th quarter. Ausdal Financial Partners Inc. now owns 16,238 shares of the credit-card processor's stock valued at $5,132,000 after purchasing an additional 1,122 shares during the last quarter. Financial Engines Advisors L.L.C. grew its position in shares of Visa by 111.6% during the fourth quarter. Financial Engines Advisors L.L.C. now owns 5,964 shares of the credit-card processor's stock valued at $1,885,000 after purchasing an additional 3,146 shares in the last quarter. Finally, Morey & Quinn Wealth Partners LLC bought a new stake in shares of Visa in the fourth quarter worth about $492,000. 82.15% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, insider Paul D. Fabara sold 39,350 shares of the firm's stock in a transaction dated Wednesday, March 19th. The stock was sold at an average price of $340.41, for a total transaction of $13,395,133.50. Following the sale, the insider now directly owns 26,413 shares of the company's stock, valued at $8,991,249.33. This trade represents a 59.84 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Ryan Mcinerney sold 8,620 shares of the business's stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $363.00, for a total transaction of $3,129,060.00. Following the completion of the transaction, the chief executive officer now owns 537 shares of the company's stock, valued at approximately $194,931. This represents a 94.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 143,205 shares of company stock valued at $48,560,961 over the last quarter. 0.13% of the stock is currently owned by company insiders.

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Wall Street Analysts Forecast Growth

V has been the subject of a number of research reports. Raymond James reiterated an "outperform" rating and set a $393.00 target price (up from $374.00) on shares of Visa in a research report on Friday, January 31st. UBS Group lifted their price objective on shares of Visa from $350.00 to $400.00 and gave the stock a "buy" rating in a research note on Friday, January 31st. StockNews.com upgraded shares of Visa from a "hold" rating to a "buy" rating in a research report on Friday. Susquehanna reiterated a "positive" rating on shares of Visa in a research report on Friday, March 21st. Finally, Citigroup restated a "neutral" rating on shares of Visa in a research report on Thursday, February 13th. Five analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $355.84.

Visa Stock Down 2.1 %

Shares of NYSE:V traded down $7.24 during trading on Friday, reaching $342.62. The stock had a trading volume of 5,686,669 shares, compared to its average volume of 7,140,541. The firm's 50-day simple moving average is $343.60 and its 200 day simple moving average is $315.27. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.45. Visa Inc. has a one year low of $252.70 and a one year high of $366.54. The company has a market capitalization of $636.51 billion, a P/E ratio of 34.54, a PEG ratio of 2.33 and a beta of 0.95.

Visa (NYSE:V - Get Free Report) last released its quarterly earnings results on Thursday, January 30th. The credit-card processor reported $2.75 earnings per share (EPS) for the quarter, topping the consensus estimate 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, research analysts expect that Visa Inc. will post 11.3 EPS for the current fiscal year.

Visa Dividend Announcement

The company also recently disclosed 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 annualized dividend and a dividend yield of 0.69%. The ex-dividend date of this dividend was Tuesday, February 11th. Visa's payout ratio is 23.79%.

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.