Oak Ridge Investments LLC Has $23.85 Million Stake in Visa Inc. (NYSE:V)

Oak Ridge Investments LLC lifted its stake in Visa Inc. (NYSE:V - Free Report) by 5.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 75,456 shares of the credit-card processor's stock after acquiring an additional 4,198 shares during the period. Visa makes up about 1.9% of Oak Ridge Investments LLC's holdings, making the stock its 10th largest holding. Oak Ridge Investments LLC's holdings in Visa were worth $23,847,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently made changes to their positions in the stock. HF Advisory Group LLC lifted its stake in Visa by 2.0% during the fourth quarter. HF Advisory Group LLC now owns 11,245 shares of the credit-card processor's stock worth $3,554,000 after purchasing an additional 216 shares during the last quarter. Aaron Wealth Advisors LLC lifted its stake in Visa by 4.2% during the fourth quarter. Aaron Wealth Advisors LLC now owns 16,001 shares of the credit-card processor's stock worth $5,057,000 after purchasing an additional 641 shares during the last quarter. Whitaker Myers Wealth Managers LTD. lifted its stake in Visa by 98.0% during the fourth quarter. Whitaker Myers Wealth Managers LTD. now owns 1,493 shares of the credit-card processor's stock worth $472,000 after purchasing an additional 739 shares during the last quarter. Sandy Cove Advisors LLC lifted its stake in Visa by 17.0% during the fourth quarter. Sandy Cove Advisors LLC now owns 1,984 shares of the credit-card processor's stock worth $627,000 after purchasing an additional 288 shares during the last quarter. Finally, Wealth Alliance Advisory Group LLC lifted its stake in Visa by 0.5% during the fourth quarter. Wealth Alliance Advisory Group LLC now owns 7,979 shares of the credit-card processor's stock worth $2,522,000 after purchasing an additional 41 shares during the last quarter. 82.15% of the stock is owned by institutional investors.

Visa Stock Up 1.3 %

Shares of V traded up $4.14 during mid-day trading on Tuesday, reaching $323.76. The company had a trading volume of 5,652,636 shares, compared to its average volume of 5,746,346. The company has a market capitalization of $603.12 billion, a price-to-earnings ratio of 33.27, a price-to-earnings-growth ratio of 2.15 and a beta of 0.96. Visa Inc. has a 52 week low of $252.70 and a 52 week high of $324.58. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.28 and a current ratio of 1.28. The firm has a 50-day moving average price of $313.59 and a 200 day moving average price of $289.09.

Visa (NYSE:V - Get Free Report) last announced its earnings results on Tuesday, October 29th. The credit-card processor reported $2.71 earnings per share for the quarter, beating analysts' consensus estimates of $2.58 by $0.13. The business had revenue of $9.62 billion during the quarter, compared to analyst estimates of $9.49 billion. Visa had a net margin of 54.96% and a return on equity of 53.16%. The company's quarterly revenue was up 11.7% compared to the same quarter last year. During the same period in the previous year, the business earned $2.33 EPS. On average, sell-side analysts forecast that Visa Inc. will post 11.2 EPS for the current year.

Visa Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 2nd. Stockholders of record on Tuesday, November 12th were paid a $0.59 dividend. This represents a $2.36 annualized dividend and a dividend yield of 0.73%. This is a positive change from Visa's previous quarterly dividend of $0.52. The ex-dividend date was Tuesday, November 12th. Visa's dividend payout ratio is 24.25%.

Insider Transactions at Visa

In related news, insider Paul D. Fabara sold 2,171 shares of the stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $307.97, for a total value of $668,602.87. Following the completion of the transaction, the insider now owns 17,894 shares of the company's stock, valued at approximately $5,510,815.18. This trade represents a 10.82 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Ryan Mcinerney sold 8,620 shares of the stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $317.78, for a total transaction of $2,739,263.60. The disclosure for this sale can be found here. 0.13% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on V shares. Keefe, Bruyette & Woods lifted their price objective on Visa from $335.00 to $360.00 and gave the stock an "outperform" rating in a report on Monday, December 9th. Robert W. Baird lifted their price objective on Visa from $330.00 to $340.00 and gave the stock an "outperform" rating in a report on Wednesday, October 30th. Jefferies Financial Group lifted their price objective on Visa from $320.00 to $330.00 and gave the stock a "buy" rating in a report on Wednesday, October 30th. Piper Sandler lifted their price objective on Visa from $319.00 to $322.00 and gave the stock an "overweight" rating in a report on Wednesday, October 30th. Finally, Oppenheimer lifted their price objective on Visa from $321.00 to $375.00 and gave the stock an "outperform" rating in a report on Thursday, December 19th. Four investment analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $331.92.

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.