Persium Advisors LLC Buys Shares of 1,736 Visa Inc. (NYSE:V)

Persium Advisors LLC acquired a new stake in Visa Inc. (NYSE:V - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 1,736 shares of the credit-card processor's stock, valued at approximately $549,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Claro Advisors LLC grew its stake in shares of Visa by 1.7% during the fourth quarter. Claro Advisors LLC now owns 9,350 shares of the credit-card processor's stock worth $2,955,000 after acquiring an additional 156 shares during the last quarter. JCIC Asset Management Inc. increased its stake in Visa by 1.4% during the 4th quarter. JCIC Asset Management Inc. now owns 26,818 shares of the credit-card processor's stock valued at $8,476,000 after purchasing an additional 370 shares in the last quarter. Forza Wealth Management LLC raised its holdings in shares of Visa by 2.9% in the fourth quarter. Forza Wealth Management LLC now owns 1,164 shares of the credit-card processor's stock worth $368,000 after buying an additional 33 shares during the last quarter. Cooper Financial Group lifted its stake in shares of Visa by 6.4% during the fourth quarter. Cooper Financial Group now owns 9,318 shares of the credit-card processor's stock worth $2,945,000 after buying an additional 560 shares during the period. Finally, Wedmont Private Capital increased its position in shares of Visa by 9.6% in the 4th quarter. Wedmont Private Capital now owns 24,354 shares of the credit-card processor's stock valued at $7,494,000 after acquiring an additional 2,137 shares during the period. 82.15% of the stock is currently owned by institutional investors.

Visa Stock Up 0.8 %

Visa stock traded up $2.32 during trading on Tuesday, reaching $309.24. The stock had a trading volume of 5,107,561 shares, compared to its average volume of 5,958,574. Visa Inc. has a 52-week low of $252.70 and a 52-week high of $321.61. The business has a 50 day moving average price of $312.76 and a 200 day moving average price of $287.65. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 0.55. The stock has a market cap of $576.08 billion, a PE ratio of 31.78, a P/E/G ratio of 2.11 and a beta of 0.96.

Visa (NYSE:V - Get Free Report) last released its quarterly earnings data on Tuesday, October 29th. The credit-card processor reported $2.71 EPS for the quarter, beating analysts' consensus estimates of $2.58 by $0.13. The business had revenue of $9.62 billion for the quarter, compared to the consensus estimate of $9.49 billion. Visa had a return on equity of 53.16% and a net margin of 54.96%. The business's revenue for the quarter was up 11.7% on a year-over-year basis. During the same quarter in the prior year, the business posted $2.33 EPS. On average, analysts predict that Visa Inc. will post 11.23 EPS for the current year.

Visa Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, December 2nd. Stockholders of record on Tuesday, November 12th were issued a $0.59 dividend. This is an increase from Visa's previous quarterly dividend of $0.52. This represents a $2.36 annualized dividend and a dividend yield of 0.76%. The ex-dividend date of this dividend was Tuesday, November 12th. Visa's payout ratio is presently 24.25%.

Analysts Set New Price Targets

V has been the topic of several analyst reports. Robert W. Baird increased their price target on Visa from $330.00 to $340.00 and gave the stock an "outperform" rating in a research report on Wednesday, October 30th. TD Cowen lifted their price target on Visa from $318.00 to $325.00 and gave the company a "buy" rating in a research report on Wednesday, October 30th. Keefe, Bruyette & Woods upped their price objective on Visa from $335.00 to $360.00 and gave the stock an "outperform" rating in a research report on Monday, December 9th. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Visa from $300.00 to $340.00 and gave the company a "buy" rating in a report on Wednesday, October 30th. Finally, Bank of America raised their price target on shares of Visa from $279.00 to $308.00 and gave the company a "neutral" rating in a research report on Tuesday, September 17th. Four research analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $331.92.

Insider Activity at Visa

In other news, CEO Ryan Mcinerney sold 8,620 shares of the business's stock in a transaction that occurred 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 transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Paul D. Fabara sold 2,171 shares of the company's stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $307.97, for a total value of $668,602.87. Following the sale, the insider now owns 17,894 shares of the company's stock, valued at $5,510,815.18. This trade represents a 10.82 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.13% of the company's stock.

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.