Prosperity Consulting Group LLC Buys 1,030 Shares of Visa Inc. (NYSE:V)

Prosperity Consulting Group LLC increased its stake in Visa Inc. (NYSE:V - Free Report) by 3.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 30,930 shares of the credit-card processor's stock after acquiring an additional 1,030 shares during the period. Visa makes up approximately 0.7% of Prosperity Consulting Group LLC's investment portfolio, making the stock its 29th biggest position. Prosperity Consulting Group LLC's holdings in Visa were worth $9,775,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Bolthouse Investments LLC bought a new stake in shares of Visa in the 4th quarter worth approximately $1,935,000. Wills Financial Group Inc. lifted its holdings in shares of Visa by 79.2% during the fourth quarter. Wills Financial Group Inc. now owns 11,049 shares of the credit-card processor's stock valued at $3,492,000 after purchasing an additional 4,882 shares during the last quarter. Vulcan Value Partners LLC boosted its position in shares of Visa by 5.3% in the 4th quarter. Vulcan Value Partners LLC now owns 1,003,524 shares of the credit-card processor's stock valued at $317,110,000 after purchasing an additional 50,208 shares during the period. Boothbay Fund Management LLC increased its stake in Visa by 83.5% in the 4th quarter. Boothbay Fund Management LLC now owns 6,375 shares of the credit-card processor's stock worth $2,015,000 after purchasing an additional 2,900 shares in the last quarter. Finally, Coldstream Capital Management Inc. raised its holdings in Visa by 4.2% during the 4th quarter. Coldstream Capital Management Inc. now owns 58,858 shares of the credit-card processor's stock worth $18,601,000 after buying an additional 2,396 shares during the period. Institutional investors and hedge funds own 82.15% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on V shares. UBS Group lifted their price objective on shares of Visa from $350.00 to $400.00 and gave the stock a "buy" rating in a research report on Friday, January 31st. Wells Fargo & Company raised their price objective on Visa from $360.00 to $395.00 and gave the stock an "overweight" rating in a research report on Friday, January 31st. Raymond James restated an "outperform" rating and set a $393.00 price target (up from $374.00) on shares of Visa in a report on Friday, January 31st. William Blair reiterated an "outperform" rating on shares of Visa in a research report on Friday, January 31st. Finally, Bank of America lifted their target price on shares of Visa from $331.00 to $363.00 and gave the company a "neutral" rating in a research note on Friday, January 31st. Seven analysts have rated the stock with a hold rating, twenty have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $358.17.

Insider Buying and Selling at Visa

In other news, CAO Peter M. Andreski sold 2,332 shares of the business's stock in a transaction 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 completion of the sale, the chief accounting officer now owns 4,488 shares in the company, valued at $1,569,094.56. The trade was a 34.19 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, 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 transaction of $11,801,589.57. Following the completion of the transaction, the insider now directly owns 36,566 shares in the company, valued at $12,789,689.82. This trade represents a 47.99 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 143,205 shares of company stock valued at $48,842,490. 0.13% of the stock is currently owned by company insiders.

Visa Price Performance

Shares of V stock traded down $0.21 during mid-day trading on Friday, reaching $335.50. The company's stock had a trading volume of 4,451,694 shares, compared to its average volume of 7,211,210. 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's 50-day moving average is $338.42 and its two-hundred day moving average is $322.98. Visa Inc. has a 1-year low of $252.70 and a 1-year high of $366.54. The company has a market cap of $623.28 billion, a P/E ratio of 33.82, a PEG ratio of 2.33 and a beta of 0.94.

Visa (NYSE:V - Get Free Report) last released its quarterly earnings data on Thursday, January 30th. The credit-card processor reported $2.75 earnings per share for the quarter, beating analysts' consensus estimates of $2.66 by $0.09. Visa had a return on equity of 54.79% and a net margin of 54.27%. On average, research analysts predict that Visa Inc. will post 11.3 earnings per share for the current year.

Visa Announces Dividend

The business also recently declared 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 dividend on an annualized basis and a yield of 0.70%. The ex-dividend date of this dividend was Tuesday, February 11th. Visa's dividend payout ratio (DPR) is 23.79%.

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.