Disciplined Investors L.L.C. Takes Position in Visa Inc. (NYSE:V)

Disciplined Investors L.L.C. purchased a new stake in Visa Inc. (NYSE:V - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 1,692 shares of the credit-card processor's stock, valued at approximately $519,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Howard Capital Management Group LLC lifted its position in Visa by 0.6% in the third quarter. Howard Capital Management Group LLC now owns 106,355 shares of the credit-card processor's stock worth $29,242,000 after purchasing an additional 610 shares during the period. Principal Financial Group Inc. lifted its holdings in shares of Visa by 7.7% in 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 during the period. Morse Asset Management Inc acquired a new position in Visa during the third quarter worth about $69,000. Mission Creek Capital Partners Inc. lifted its holdings in Visa by 1.0% in the 3rd quarter. Mission Creek Capital Partners Inc. now owns 22,130 shares of the credit-card processor's stock valued at $6,085,000 after acquiring an additional 215 shares during the last quarter. Finally, Menard Financial Group LLC grew its stake in shares of Visa by 0.6% in the 3rd quarter. Menard Financial Group LLC now owns 6,217 shares of the credit-card processor's stock worth $1,709,000 after purchasing an additional 35 shares during the last quarter. 82.15% of the stock is currently owned by institutional investors and hedge funds.

Visa Price Performance

V traded down $7.19 during midday trading on Thursday, reaching $339.14. 8,786,063 shares of the company's stock were exchanged, compared to its average volume of 7,173,310. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.45. The business has a 50-day simple moving average of $345.36 and a two-hundred day simple moving average of $316.73. The firm has a market capitalization of $630.04 billion, a price-to-earnings ratio of 34.19, a price-to-earnings-growth ratio of 2.33 and a beta of 0.94. Visa Inc. has a one year low of $252.70 and a one year high of $366.54.

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

Visa Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Tuesday, February 11th were issued a $0.59 dividend. This represents a $2.36 annualized dividend and a dividend yield of 0.70%. The ex-dividend date of this dividend was Tuesday, February 11th. Visa's payout ratio is 23.79%.

Analysts Set New Price Targets

Several research firms have issued reports on V. StockNews.com raised Visa from a "hold" rating to a "buy" rating in a report on Friday, March 28th. Oppenheimer restated an "outperform" rating on shares of Visa in a report on Thursday, February 13th. Wells Fargo & Company lifted their target price on shares of Visa from $360.00 to $395.00 and gave the stock an "overweight" rating in a research report on Friday, January 31st. Raymond James reissued an "outperform" rating and set a $393.00 target price (up from $374.00) on shares of Visa in a research note on Friday, January 31st. Finally, Seaport Res Ptn raised Visa from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, January 14th. Five analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $355.84.

Insider Buying and Selling

In other Visa news, General Counsel Julie B. Rottenberg sold 2,572 shares of the business's 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 transaction, the general counsel now owns 11,925 shares of the company's stock, valued at approximately $4,054,500. The trade was a 17.74 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Tullier Kelly Mahon sold 33,741 shares of Visa stock in a transaction dated 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 transaction, the insider now directly owns 36,566 shares of the company's stock, valued at $12,789,689.82. This represents a 47.99 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 143,205 shares of company stock worth $48,842,490 in the last quarter. 0.13% of the stock is owned by corporate insiders.

Visa 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.