O Shaughnessy Asset Management LLC Has $93.20 Million Stock Position in Visa Inc. (NYSE:V)

O Shaughnessy Asset Management LLC raised its position in Visa Inc. (NYSE:V - Free Report) by 13.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 294,904 shares of the credit-card processor's stock after buying an additional 33,926 shares during the period. Visa makes up about 0.8% of O Shaughnessy Asset Management LLC's holdings, making the stock its 17th biggest holding. O Shaughnessy Asset Management LLC's holdings in Visa were worth $93,201,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of V. Decker Retirement Planning Inc. acquired a new stake in Visa in the fourth quarter valued at $26,000. Bradley & Co. Private Wealth Management LLC acquired a new stake in shares of Visa in the 4th quarter valued at about $27,000. POM Investment Strategies LLC lifted its position in shares of 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 acquired a new position in Visa in the fourth quarter worth about $32,000. Finally, Compass Planning Associates Inc bought a new stake in Visa in the fourth quarter valued at about $32,000. 82.15% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, CEO Ryan Mcinerney sold 8,620 shares of the firm's stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $317.78, for a total value of $2,739,263.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, General Counsel Julie B. Rottenberg sold 2,572 shares of the company's stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $340.00, for a total value of $874,480.00. Following the transaction, 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 sold a total of 143,205 shares of company stock worth $48,560,961 over the last ninety days. 0.13% of the stock is currently owned by company insiders.

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Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the stock. Seaport Res Ptn upgraded shares of Visa from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, January 14th. Susquehanna restated a "positive" rating on shares of Visa in a research report on Friday, March 21st. Barclays raised their target price on Visa from $361.00 to $396.00 and gave the company an "overweight" rating in a research note on Monday, February 3rd. The Goldman Sachs Group increased their price objective on shares of Visa from $346.00 to $384.00 and gave the stock a "buy" rating in a report on Friday, January 31st. Finally, Morgan Stanley upped their target price on shares of Visa from $326.00 to $371.00 and gave the stock an "overweight" rating in a research report on Wednesday, December 18th. 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. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $355.84.

Visa Price Performance

Visa stock traded down $3.66 during mid-day trading on Tuesday, hitting $346.80. The company's stock had a trading volume of 7,466,843 shares, compared to its average volume of 7,152,985. The stock has a market capitalization of $644.28 billion, a P/E ratio of 34.96, a P/E/G ratio of 2.33 and a beta of 0.95. Visa Inc. has a twelve month low of $252.70 and a twelve month high of $366.54. The stock's fifty day moving average price is $344.22 and its two-hundred day moving average price is $315.95. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.45.

Visa (NYSE:V - Get Free Report) last issued its earnings results on Thursday, January 30th. The credit-card processor reported $2.75 earnings per share (EPS) for the quarter, topping 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%. 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 dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a yield of 0.68%. The ex-dividend date was Tuesday, February 11th. Visa's dividend payout ratio is presently 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.