Unified Investment Management Makes New Investment in Visa Inc. (NYSE:V)

Unified Investment Management acquired a new stake in shares of Visa Inc. (NYSE:V - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 2,576 shares of the credit-card processor's stock, valued at approximately $814,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Peterson Financial Group Inc. bought a new position in Visa during the 3rd quarter worth $26,000. Decker Retirement Planning Inc. bought a new position in shares of Visa during the fourth quarter worth about $26,000. Bradley & Co. Private Wealth Management LLC acquired a new position in shares of Visa in the fourth quarter worth approximately $27,000. POM Investment Strategies LLC boosted its holdings in Visa by 48.5% in the fourth quarter. POM Investment Strategies LLC now owns 98 shares of the credit-card processor's stock valued at $31,000 after acquiring an additional 32 shares during the last quarter. Finally, Modus Advisors LLC acquired a new stake in Visa during the 4th quarter valued at approximately $32,000. Institutional investors own 82.15% of the company's stock.

Insiders Place Their Bets

In other news, CEO Ryan Mcinerney sold 8,620 shares of the firm's stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $363.00, for a total transaction of $3,129,060.00. Following the sale, the chief executive officer now owns 537 shares of the company's stock, valued at $194,931. This trade represents a 94.14 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Tullier Kelly Mahon sold 33,741 shares of the firm's stock in a transaction dated Friday, February 7th. The shares were sold at an average price of $349.77, for a total value of $11,801,589.57. Following the sale, the insider now owns 36,566 shares in the company, valued at $12,789,689.82. This trade represents a 47.99 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 64,505 shares of company stock valued at $22,290,507. Insiders own 0.13% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the stock. The Goldman Sachs Group boosted their price target on shares of Visa from $346.00 to $384.00 and gave the stock a "buy" rating in a research report on Friday, January 31st. Barclays upped their price target on shares of Visa from $361.00 to $396.00 and gave the company an "overweight" rating in a research report on Monday, February 3rd. Wells Fargo & Company lifted their price objective on shares of Visa from $360.00 to $395.00 and gave the company an "overweight" rating in a research note on Friday, January 31st. William Blair reaffirmed an "outperform" rating on shares of Visa in a research report on Friday, January 31st. Finally, Piper Sandler reissued an "overweight" rating and set a $383.00 price objective (up from $368.00) on shares of Visa in a report on Friday, January 31st. Six equities research 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 stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $353.96.

Visa Trading Up 0.1 %

NYSE:V traded up $0.48 during midday trading on Wednesday, hitting $352.71. 4,082,996 shares of the company traded hands, compared to its average volume of 6,140,449. The firm has a market capitalization of $655.26 billion, a P/E ratio of 35.57, a P/E/G ratio of 2.33 and a beta of 0.95. Visa Inc. has a 12-month low of $252.70 and a 12-month high of $366.54. The firm's fifty day moving average is $334.54 and its 200-day moving average is $307.24. The company has a current ratio of 1.12, a quick 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 EPS 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%. On average, sell-side analysts predict that Visa Inc. will post 11.3 EPS for the current year.

Visa Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Tuesday, February 11th were issued a $0.59 dividend. This represents a $2.36 annualized dividend and a yield of 0.67%. The ex-dividend date was Tuesday, February 11th. Visa's dividend payout ratio is presently 23.79%.

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.