Visa Inc. (NYSE:V) Position Raised by Hillsdale Investment Management Inc.

Hillsdale Investment Management Inc. lifted its position in shares of Visa Inc. (NYSE:V - Free Report) by 49.9% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 3,005 shares of the credit-card processor's stock after buying an additional 1,000 shares during the period. Hillsdale Investment Management Inc.'s holdings in Visa were worth $950,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the company. Decker Retirement Planning Inc. purchased a new stake in Visa in the 4th quarter valued at about $26,000. Bradley & Co. Private Wealth Management LLC purchased a new stake in Visa in the fourth quarter valued at approximately $27,000. POM Investment Strategies LLC increased its position in Visa by 48.5% during the fourth quarter. POM Investment Strategies LLC now owns 98 shares of the credit-card processor's stock worth $31,000 after purchasing an additional 32 shares during the last quarter. Modus Advisors LLC purchased a new position in Visa during the fourth quarter worth approximately $32,000. Finally, Compass Planning Associates Inc acquired a new position in shares of Visa in the 4th quarter valued at $32,000. Institutional investors and hedge funds own 82.15% of the company's stock.

Analyst Upgrades and Downgrades

V has been the subject of a number of research analyst reports. JPMorgan Chase & Co. upped their price objective on Visa from $340.00 to $375.00 and gave the stock an "overweight" rating in a report on Friday, January 31st. Barclays raised their price objective on Visa from $361.00 to $396.00 and gave the stock an "overweight" rating in a report on Monday, February 3rd. William Blair reiterated an "outperform" rating on shares of Visa in a report on Friday, January 31st. Piper Sandler restated an "overweight" rating and issued a $383.00 price target (up previously from $368.00) on shares of Visa in a report on Friday, January 31st. Finally, Oppenheimer reaffirmed an "outperform" rating on shares of Visa in a research report on Thursday, February 13th. Six research analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Visa has an average rating of "Moderate Buy" and a consensus target price of $353.96.

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Visa Stock Up 1.6 %

Shares of NYSE:V traded up $5.64 during midday trading on Thursday, reaching $349.82. The company had a trading volume of 7,252,419 shares, compared to its average volume of 6,697,050. The stock has a market capitalization of $649.89 billion, a P/E ratio of 35.26, a PEG ratio of 2.33 and a beta of 0.95. The stock's fifty day moving average price is $342.50 and its 200-day moving average price is $314.42. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.12 and a quick ratio of 1.12. Visa Inc. has a one year low of $252.70 and a one year high of $366.54.

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

Visa Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Tuesday, February 11th were issued a dividend of $0.59 per share. The ex-dividend date of this dividend was Tuesday, February 11th. This represents a $2.36 dividend on an annualized basis and a dividend yield of 0.67%. Visa's dividend payout ratio (DPR) is 23.79%.

Insider Activity

In related news, insider Paul D. Fabara sold 39,350 shares of the stock in a transaction that occurred on Wednesday, March 19th. The stock was sold at an average price of $340.41, for a total value of $13,395,133.50. Following the completion of the transaction, the insider now directly owns 26,413 shares of the company's stock, valued at $8,991,249.33. This represents a 59.84 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Ryan Mcinerney sold 8,620 shares of Visa stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $317.78, for a total value of $2,739,263.60. The disclosure for this sale can be found here. In the last three months, insiders sold 143,205 shares of company stock valued at $48,560,961. Company 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.