MSH Capital Advisors LLC Takes Position in Visa Inc. (NYSE:V)

MSH Capital Advisors LLC purchased a new stake in shares of Visa Inc. (NYSE:V - Free Report) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 6,352 shares of the credit-card processor's stock, valued at approximately $2,008,000.

A number of other institutional investors and hedge funds have also made changes to their positions in V. Decker Retirement Planning Inc. acquired a new stake in Visa during the 4th quarter worth approximately $26,000. Bradley & Co. Private Wealth Management LLC purchased a new position in Visa in the fourth quarter valued at $27,000. POM Investment Strategies LLC grew its stake 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 purchasing an additional 32 shares in the last quarter. Modus Advisors LLC purchased a new stake in Visa during the 4th quarter worth about $32,000. Finally, Compass Planning Associates Inc acquired a new stake in Visa in the 4th quarter valued at about $32,000. 82.15% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Visa news, CEO Ryan Mcinerney sold 8,620 shares of Visa stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $363.00, for a total value of $3,129,060.00. Following the completion of the transaction, the chief executive officer now directly owns 537 shares in the company, valued at $194,931. The trade was a 94.14 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Tullier Kelly Mahon sold 33,741 shares of the firm's stock in a transaction that occurred on Friday, February 7th. The stock was 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 in the company, valued at approximately $12,789,689.82. This trade represents a 47.99 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 143,205 shares of company stock valued at $48,842,490 in the last quarter. Insiders own 0.13% of the company's stock.

Analysts Set New Price Targets

V has been the topic of a number of recent analyst reports. UBS Group increased their price objective on shares of Visa from $350.00 to $400.00 and gave the company a "buy" rating in a research report on Friday, January 31st. Barclays increased their price target on shares of Visa from $361.00 to $396.00 and gave the stock an "overweight" rating in a research note on Monday, February 3rd. Wells Fargo & Company lifted their target price on Visa from $360.00 to $395.00 and gave the company an "overweight" rating in a research note on Friday, January 31st. William Blair reissued an "outperform" rating on shares of Visa in a report on Friday, January 31st. Finally, Raymond James reissued an "outperform" rating and issued a $393.00 target price (up previously from $374.00) on shares of Visa in a report on Friday, January 31st. Seven equities research analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $355.84.

Visa Stock Down 0.6 %

NYSE:V traded down $2.07 during mid-day trading on Friday, hitting $329.26. The company had a trading volume of 5,640,095 shares, compared to its average volume of 7,227,437. The business has a fifty day simple moving average of $341.11 and a 200-day simple moving average of $320.08. The firm has a market capitalization of $611.69 billion, a price-to-earnings ratio of 33.19, a PEG ratio of 2.33 and a beta of 0.94. Visa Inc. has a 1 year low of $252.70 and a 1 year high of $366.54. 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 earnings results on Thursday, January 30th. The credit-card processor reported $2.75 earnings per share for the quarter, beating 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%. Equities analysts forecast that Visa Inc. will post 11.3 earnings per share for the current fiscal year.

Visa Announces Dividend

The company also recently declared 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 0.72%. Visa's dividend payout ratio (DPR) is 23.79%.

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.