Copperleaf Capital LLC Buys 807 Shares of Visa Inc. (NYSE:V)

Copperleaf Capital LLC lifted its position in shares of Visa Inc. (NYSE:V - Free Report) by 17.0% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 5,556 shares of the credit-card processor's stock after buying an additional 807 shares during the period. Visa comprises 1.1% of Copperleaf Capital LLC's investment portfolio, making the stock its 26th largest position. Copperleaf Capital LLC's holdings in Visa were worth $1,756,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the company. Peterson Financial Group Inc. bought a new position in Visa during the 3rd quarter worth approximately $26,000. Decker Retirement Planning Inc. bought a new position in Visa during the 4th quarter worth approximately $26,000. Reston Wealth Management LLC bought a new position in Visa during the 3rd quarter worth approximately $31,000. POM Investment Strategies LLC grew its position in Visa by 48.5% during the 4th quarter. POM Investment Strategies LLC now owns 98 shares of the credit-card processor's stock worth $31,000 after acquiring an additional 32 shares during the last quarter. Finally, Modus Advisors LLC bought a new position in Visa during the 4th quarter worth approximately $32,000. 82.15% of the stock is owned by hedge funds and other institutional investors.

Visa Stock Down 0.6 %

NYSE:V traded down $2.22 during trading hours on Friday, reaching $348.27. 6,910,504 shares of the company traded hands, compared to its average volume of 5,753,988. The business's 50-day moving average price is $328.47 and its two-hundred day moving average price is $301.39. The stock has a market capitalization of $647.01 billion, a P/E ratio of 35.11, a P/E/G ratio of 2.36 and a beta of 0.97. Visa Inc. has a 1 year low of $252.70 and a 1 year high of $357.15. 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 (NYSE:V - Get Free Report) last announced its quarterly earnings data on Thursday, January 30th. The credit-card processor reported $2.75 earnings per share (EPS) for the quarter, beating 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%. Analysts predict that Visa Inc. will post 11.3 earnings per share for the current year.

Visa Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 3rd. Stockholders of record on Tuesday, February 11th will be paid a $0.59 dividend. This represents a $2.36 annualized dividend and a dividend yield of 0.68%. The ex-dividend date of this dividend is Tuesday, February 11th. Visa's dividend payout ratio is currently 23.79%.

Insider Transactions at Visa

In other news, CAO Peter M. Andreski sold 2,332 shares of the business's stock in a transaction on Friday, February 7th. The stock was sold at an average price of $349.62, for a total value of $815,313.84. Following the completion of the transaction, the chief accounting officer now owns 4,488 shares in the company, valued at $1,569,094.56. The trade was a 34.19 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, General Counsel Julie B. Rottenberg sold 2,572 shares of Visa stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $340.00, for a total value of $874,480.00. Following the completion of the sale, the general counsel now directly owns 11,925 shares of the company's stock, valued at $4,054,500. The trade was a 17.74 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 55,885 shares of company stock worth $19,161,447 over the last quarter. 0.13% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

V has been the topic of several recent research reports. Piper Sandler restated an "overweight" rating and set a $383.00 price target (up from $368.00) on shares of Visa in a research report on Friday, January 31st. Susquehanna lifted their price objective on Visa from $395.00 to $410.00 and gave the stock a "positive" rating in a research report on Friday. Oppenheimer lifted their price objective on Visa from $375.00 to $390.00 and gave the stock an "outperform" rating in a research report on Friday, January 31st. William Blair reiterated an "outperform" rating on shares of Visa in a research report on Friday, January 31st. Finally, BMO Capital Markets lifted their price objective on Visa from $310.00 to $320.00 and gave the stock an "outperform" rating in a research report on Wednesday, October 30th. Four analysts have rated the stock with a hold rating, twenty-five have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $355.31.

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.