Roundview Capital LLC lifted its stake in shares of Visa Inc. (NYSE:V - Free Report) by 6.5% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 45,145 shares of the credit-card processor's stock after buying an additional 2,767 shares during the quarter. Visa comprises approximately 1.0% of Roundview Capital LLC's investment portfolio, making the stock its 23rd largest holding. Roundview Capital LLC's holdings in Visa were worth $14,268,000 as of its most recent SEC filing.
Several other hedge funds also recently modified their holdings of V. HighPoint Advisor Group LLC grew its holdings in shares of Visa by 3.1% during the fourth quarter. HighPoint Advisor Group LLC now owns 43,659 shares of the credit-card processor's stock valued at $15,190,000 after buying an additional 1,300 shares during the last quarter. Family Legacy Inc. increased its stake in Visa by 0.8% in the 4th quarter. Family Legacy Inc. now owns 17,348 shares of the credit-card processor's stock valued at $5,423,000 after buying an additional 135 shares during the last quarter. Seven Mile Advisory lifted its position in shares of Visa by 9.1% during the 4th quarter. Seven Mile Advisory now owns 4,731 shares of the credit-card processor's stock worth $1,495,000 after buying an additional 396 shares in the last quarter. Summit Financial LLC grew its holdings in shares of Visa by 7.7% in the fourth quarter. Summit Financial LLC now owns 41,139 shares of the credit-card processor's stock valued at $13,002,000 after acquiring an additional 2,942 shares in the last quarter. Finally, Axiom Investors LLC DE increased its position in shares of Visa by 11.9% during the fourth quarter. Axiom Investors LLC DE now owns 836,418 shares of the credit-card processor's stock valued at $264,342,000 after acquiring an additional 89,206 shares during the last quarter. Institutional investors own 82.15% of the company's stock.
Wall Street Analyst Weigh In
Several equities research analysts have recently issued reports on V shares. Raymond James reaffirmed an "outperform" rating and set a $393.00 target price (up from $374.00) on shares of Visa in a research report on Friday, January 31st. Barclays lifted their price objective on shares of Visa from $361.00 to $396.00 and gave the stock an "overweight" rating in a research report on Monday, February 3rd. Citigroup reiterated a "neutral" rating on shares of Visa in a research note on Thursday, February 13th. William Blair restated an "outperform" rating on shares of Visa in a research note on Friday, January 31st. Finally, UBS Group boosted their target price on Visa from $350.00 to $400.00 and gave the company a "buy" rating in a research note on Friday, January 31st. Five investment analysts have rated the stock with a hold rating, twenty-three have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $355.84.
View Our Latest Stock Analysis on V
Insider Buying and Selling at Visa
In other news, insider Tullier Kelly Mahon sold 33,741 shares of the stock in a transaction on Friday, February 7th. The stock was sold at an average price of $349.77, for a total transaction of $11,801,589.57. Following the transaction, the insider now directly owns 36,566 shares of the company's stock, valued at $12,789,689.82. This represents a 47.99 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Paul D. Fabara sold 39,350 shares of Visa stock in a transaction on Friday, March 14th. The stock was sold at an average price of $327.20, for a total value of $12,875,320.00. Following the completion of the sale, the insider now directly owns 26,413 shares of the company's stock, valued at $8,642,333.60. The trade was a 59.84 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 143,205 shares of company stock worth $48,560,961. 0.13% of the stock is owned by corporate insiders.
Visa Stock Up 0.0 %
Shares of NYSE V traded up $0.14 during mid-day trading on Wednesday, hitting $346.49. 5,667,347 shares of the stock traded hands, compared to its average volume of 7,155,363. The company has a market cap of $643.70 billion, a price-to-earnings ratio of 34.93, a PEG ratio of 2.33 and a beta of 0.95. The stock has a fifty day moving average price of $344.68 and a 200-day moving average price of $316.37. Visa Inc. has a 52 week low of $252.70 and a 52 week high of $366.54. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.12 and a current ratio of 1.12.
Visa (NYSE:V - Get Free Report) last announced its quarterly earnings data on Thursday, January 30th. The credit-card processor reported $2.75 earnings per share for the quarter, topping analysts' consensus estimates of $2.66 by $0.09. Visa had a net margin of 54.27% and a return on equity of 54.79%. Research analysts anticipate that Visa Inc. will post 11.3 EPS for the current year.
Visa Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Tuesday, February 11th were issued a dividend of $0.59 per share. The ex-dividend date was Tuesday, February 11th. This represents a $2.36 annualized dividend and a dividend yield of 0.68%. Visa's payout ratio is presently 23.79%.
Visa Company Profile
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Free Report)
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.
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