Montag A & Associates Inc. Sells 832 Shares of Visa Inc. (NYSE:V)

Montag A & Associates Inc. reduced its position in shares of Visa Inc. (NYSE:V - Free Report) by 1.1% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 75,262 shares of the credit-card processor's stock after selling 832 shares during the quarter. Visa accounts for about 1.1% of Montag A & Associates Inc.'s investment portfolio, making the stock its 16th biggest holding. Montag A & Associates Inc.'s holdings in Visa were worth $23,786,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Peterson Financial Group Inc. bought a new stake in shares of Visa in the third quarter worth approximately $26,000. Decker Retirement Planning Inc. bought a new stake in shares of Visa in the fourth quarter worth approximately $26,000. Reston Wealth Management LLC bought a new stake in shares of Visa in the third quarter worth approximately $31,000. POM Investment Strategies LLC grew its stake in shares of Visa by 48.5% in the fourth 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 period. Finally, Modus Advisors LLC bought a new stake in shares of Visa in the fourth quarter worth approximately $32,000. 82.15% of the stock is currently owned by institutional investors.

Visa Price Performance

V traded down $2.22 during trading hours on Friday, hitting $348.27. The company's stock had a trading volume of 6,910,504 shares, compared to its average volume of 5,753,988. The business's 50-day moving average price is $329.14 and its 200-day moving average price is $302.03. Visa Inc. has a 12 month low of $252.70 and a 12 month high of $357.15. The stock has a market cap of $647.01 billion, a price-to-earnings ratio of 35.11, a P/E/G ratio of 2.36 and a beta of 0.97. 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 results on Thursday, January 30th. The credit-card processor reported $2.75 earnings per share 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%. Sell-side analysts expect that Visa Inc. will post 11.3 earnings per share for the current fiscal year.

Visa Dividend Announcement

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

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 shares were sold at an average price of $340.00, for a total transaction of $874,480.00. Following the transaction, the general counsel now owns 11,925 shares in the company, valued at $4,054,500. The trade was a 17.74 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CAO Peter M. Andreski sold 2,332 shares of the business's stock in a transaction on Friday, February 7th. The shares were sold at an average price of $349.62, for a total transaction of $815,313.84. Following the transaction, the chief accounting officer now owns 4,488 shares in the company, valued at $1,569,094.56. This trade represents a 34.19 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 55,885 shares of company stock worth $19,161,447. Insiders own 0.13% of the company's stock.

Wall Street Analyst Weigh In

Several analysts recently issued reports on V shares. Keefe, Bruyette & Woods boosted their target price on shares of Visa from $360.00 to $400.00 and gave the company an "outperform" rating in a research report on Friday, January 31st. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Visa from $300.00 to $340.00 and gave the company a "buy" rating in a research report on Wednesday, October 30th. Citigroup boosted their target price on shares of Visa from $354.00 to $393.00 and gave the company a "buy" rating in a research report on Friday, January 31st. Raymond James restated 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. Finally, Seaport Res Ptn upgraded shares of Visa from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, January 14th. Four investment 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. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $355.31.

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.