Visa Inc. (NYSE:V) Shares Bought by Avantax Advisory Services Inc.

Avantax Advisory Services Inc. boosted its position in shares of Visa Inc. (NYSE:V - Free Report) by 2.2% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 193,530 shares of the credit-card processor's stock after acquiring an additional 4,200 shares during the period. Avantax Advisory Services Inc.'s holdings in Visa were worth $61,163,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Decker Retirement Planning Inc. purchased a new stake in shares of Visa during the 4th quarter worth approximately $26,000. Bradley & Co. Private Wealth Management LLC purchased a new stake in Visa in the 4th quarter valued at $27,000. Peterson Financial Group Inc. purchased a new stake in Visa in the 3rd quarter valued at $26,000. POM Investment Strategies LLC raised its position in Visa by 48.5% in the 4th quarter. POM Investment Strategies LLC now owns 98 shares of the credit-card processor's stock valued at $31,000 after purchasing an additional 32 shares during the last quarter. Finally, Modus Advisors LLC purchased a new stake in Visa in the 4th quarter valued at $32,000. Institutional investors and hedge funds own 82.15% of the company's stock.

Insider Buying and Selling at Visa

In other news, CEO Ryan Mcinerney sold 8,620 shares of the firm's stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $317.78, for a total transaction of $2,739,263.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Peter M. Andreski sold 2,332 shares of the firm's stock in a transaction that occurred on Friday, February 7th. The stock was sold at an average price of $349.62, for a total transaction of $815,313.84. Following the sale, the chief accounting officer now directly owns 4,488 shares of the company's stock, valued at $1,569,094.56. The trade was a 34.19 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 64,505 shares of company stock valued at $22,290,507 over the last 90 days. 0.13% of the stock is owned by corporate insiders.

Visa Trading Down 2.8 %

NYSE V opened at $331.93 on Wednesday. Visa Inc. has a one year low of $252.70 and a one year high of $366.54. The company's 50 day moving average price is $337.01 and its 200 day moving average price is $309.89. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.12 and a current ratio of 1.12. The firm has a market capitalization of $616.65 billion, a price-to-earnings ratio of 33.46, a PEG ratio of 2.33 and a beta of 0.95.

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Visa (NYSE:V - Get Free Report) last posted its quarterly earnings results on Thursday, January 30th. The credit-card processor reported $2.75 EPS for the quarter, beating the consensus estimate 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 company also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Tuesday, February 11th were given a $0.59 dividend. This represents a $2.36 annualized dividend and a yield of 0.71%. The ex-dividend date of this dividend was Tuesday, February 11th. Visa's dividend payout ratio (DPR) is 23.79%.

Wall Street Analyst Weigh In

Several research firms recently commented on V. Wells Fargo & Company upped their price target on shares of Visa from $360.00 to $395.00 and gave the company an "overweight" rating in a research report on Friday, January 31st. The Goldman Sachs Group upped their price target on shares of Visa from $346.00 to $384.00 and gave the company a "buy" rating in a research report on Friday, January 31st. Citigroup reiterated a "neutral" rating on shares of Visa in a research report on Thursday, February 13th. JPMorgan Chase & Co. upped their price target on shares of Visa from $340.00 to $375.00 and gave the company an "overweight" rating in a research report on Friday, January 31st. Finally, Susquehanna upped their price objective on shares of Visa from $395.00 to $410.00 and gave the stock a "positive" rating in a research report on Friday, February 21st. Six research analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $353.96.

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.

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