New Age Alpha Advisors LLC Boosts Stake in Visa Inc. (NYSE:V)

New Age Alpha Advisors LLC boosted its stake in shares of Visa Inc. (NYSE:V - Free Report) by 44,126.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 33,170 shares of the credit-card processor's stock after buying an additional 33,095 shares during the period. New Age Alpha Advisors LLC's holdings in Visa were worth $10,483,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in V. Decker Retirement Planning Inc. purchased a new stake in shares of Visa during the fourth quarter valued at approximately $26,000. Bradley & Co. Private Wealth Management LLC bought a new position in Visa in the 4th quarter valued at approximately $27,000. POM Investment Strategies LLC boosted 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 valued at $31,000 after purchasing an additional 32 shares during the last quarter. Modus Advisors LLC bought a new stake in shares of Visa in the 4th quarter worth $32,000. Finally, Compass Planning Associates Inc purchased a new position in shares of Visa in the fourth quarter worth $32,000. Hedge funds and other institutional investors own 82.15% of the company's stock.

Visa Price Performance

Shares of V stock traded up $1.60 during mid-day trading on Monday, hitting $344.45. The company had a trading volume of 2,511,275 shares, compared to its average volume of 6,508,386. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.12 and a quick ratio of 1.12. The stock's 50 day moving average price is $343.60 and its 200-day moving average price is $315.49. Visa Inc. has a 52-week low of $252.70 and a 52-week high of $366.54. The company has a market capitalization of $639.91 billion, a P/E ratio of 34.75, a P/E/G ratio of 2.33 and a beta of 0.95.

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Visa (NYSE:V - Get Free Report) last announced its quarterly 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 net margin of 54.27% and a return on equity of 54.79%. Equities research analysts forecast that Visa Inc. will post 11.3 earnings per share for the current year.

Visa Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Tuesday, February 11th were paid a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a yield of 0.69%. The ex-dividend date of this dividend was Tuesday, February 11th. Visa's payout ratio is 23.79%.

Analyst Ratings Changes

Several equities research analysts recently commented on V shares. Keefe, Bruyette & Woods reiterated a "hold" rating on shares of Visa in a report on Thursday, February 13th. William Blair reissued an "outperform" rating on shares of Visa in a report on Friday, January 31st. Morgan Stanley raised their target price on shares of Visa from $326.00 to $371.00 and gave the stock an "overweight" rating in a report on Wednesday, December 18th. StockNews.com upgraded shares of Visa from a "hold" rating to a "buy" rating in a research note on Friday. Finally, Raymond James restated an "outperform" rating and issued a $393.00 price target (up from $374.00) on shares of Visa in a research note on Friday, January 31st. Five equities research analysts have rated the stock with a hold rating, twenty-three have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $355.84.

Insider Transactions at Visa

In related news, CAO Peter M. Andreski sold 2,332 shares of the stock in a transaction dated Friday, February 7th. The shares were 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 of the company's stock, valued at approximately $1,569,094.56. This trade represents a 34.19 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, General Counsel Julie B. Rottenberg sold 2,572 shares of the business's stock in a transaction that occurred 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 sale, the general counsel now directly 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 disclosure for this sale can be found here. Insiders have sold 143,205 shares of company stock valued at $48,560,961 in the last ninety days. Corporate 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.