825 Shares in Visa Inc. (NYSE:V) Acquired by ClearAlpha Technologies LP

ClearAlpha Technologies LP purchased a new stake in Visa Inc. (NYSE:V - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 825 shares of the credit-card processor's stock, valued at approximately $261,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Howard Capital Management Group LLC boosted its stake in shares of Visa by 0.6% during the 3rd quarter. Howard Capital Management Group LLC now owns 106,355 shares of the credit-card processor's stock valued at $29,242,000 after buying an additional 610 shares during the last quarter. Principal Financial Group Inc. raised its stake in Visa by 7.7% during the third quarter. Principal Financial Group Inc. now owns 5,733,284 shares of the credit-card processor's stock valued at $1,576,366,000 after buying an additional 411,210 shares in the last quarter. Morse Asset Management Inc bought a new position in Visa during the 3rd quarter worth approximately $69,000. Passumpsic Savings Bank increased its holdings in shares of Visa by 2.0% in the 3rd quarter. Passumpsic Savings Bank now owns 9,137 shares of the credit-card processor's stock valued at $2,512,000 after acquiring an additional 179 shares during the last quarter. Finally, Virtu Financial LLC raised its position in shares of Visa by 101.5% during the 3rd quarter. Virtu Financial LLC now owns 44,984 shares of the credit-card processor's stock valued at $12,368,000 after acquiring an additional 22,658 shares in the last quarter. Institutional investors and hedge funds own 82.15% of the company's stock.

Visa Stock Up 0.9 %

Shares of NYSE V traded up $3.09 during mid-day trading on Wednesday, reaching $334.49. 8,905,168 shares of the company traded hands, compared to its average volume of 7,227,168. Visa Inc. has a fifty-two week low of $252.70 and a fifty-two week high of $366.54. The company's fifty day moving average is $339.19 and its two-hundred day moving average is $321.50. 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 stock has a market cap of $621.40 billion, a PE ratio of 33.72, a price-to-earnings-growth ratio of 2.33 and a beta of 0.94.

Visa (NYSE:V - Get Free Report) last announced its 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 net margin of 54.27% and a return on equity of 54.79%. On average, analysts expect that Visa Inc. will post 11.3 earnings per share for the current year.

Visa Announces Dividend

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

Analysts Set New Price Targets

Several research firms have weighed in on V. Bank of America boosted their target price on shares of Visa from $331.00 to $363.00 and gave the company a "neutral" rating in a research note on Friday, January 31st. StockNews.com downgraded Visa from a "buy" rating to a "hold" rating in a research report on Wednesday, April 16th. UBS Group boosted their price target on Visa from $350.00 to $400.00 and gave the stock a "buy" rating in a research report on Friday, January 31st. Wells Fargo & Company upped their price objective on shares of Visa from $360.00 to $395.00 and gave the stock an "overweight" rating in a report on Friday, January 31st. Finally, Seaport Res Ptn raised shares of Visa from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, January 14th. Seven analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, Visa has a consensus rating of "Moderate Buy" and a consensus price target of $355.84.

Insider Transactions at Visa

In other news, insider Paul D. Fabara sold 39,350 shares of the company's stock in a transaction that occurred on Friday, March 14th. The shares were sold at an average price of $327.20, for a total transaction of $12,875,320.00. Following the transaction, the insider now directly owns 26,413 shares in the company, valued at approximately $8,642,333.60. This represents a 59.84 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Tullier Kelly Mahon sold 33,741 shares of Visa stock in a transaction on Friday, February 7th. The shares were sold at an average price of $349.77, for a total value of $11,801,589.57. Following the completion of the sale, 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 ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 143,205 shares of company stock valued at $48,842,490. Corporate insiders own 0.13% of the company's stock.

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.