Canopy Partners LLC Boosts Stake in Visa Inc. (NYSE:V)

Canopy Partners LLC grew its holdings in shares of Visa Inc. (NYSE:V - Free Report) by 65.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 9,229 shares of the credit-card processor's stock after purchasing an additional 3,663 shares during the quarter. Visa makes up about 1.1% of Canopy Partners LLC's portfolio, making the stock its 20th biggest holding. Canopy Partners LLC's holdings in Visa were worth $2,917,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Decker Retirement Planning Inc. purchased a new position in Visa during the fourth quarter worth approximately $26,000. Bradley & Co. Private Wealth Management LLC acquired a new stake in shares of Visa in the 4th quarter worth $27,000. POM Investment Strategies LLC raised its holdings in shares of Visa by 48.5% during the 4th quarter. POM Investment Strategies LLC now owns 98 shares of the credit-card processor's stock worth $31,000 after acquiring an additional 32 shares during the period. Modus Advisors LLC acquired a new position in shares of Visa during the 4th quarter valued at about $32,000. Finally, Compass Planning Associates Inc purchased a new stake in shares of Visa in the fourth quarter valued at about $32,000. Hedge funds and other institutional investors own 82.15% of the company's stock.

Insider Buying and Selling

In related news, insider Paul D. Fabara sold 39,350 shares of the business's stock in a transaction that occurred on Friday, March 14th. The stock was sold at an average price of $327.20, for a total transaction of $12,875,320.00. Following the completion of the sale, the insider now owns 26,413 shares in the company, valued at $8,642,333.60. The trade was a 59.84 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Ryan Mcinerney sold 8,620 shares of the company's stock in a transaction that occurred on Tuesday, April 1st. The shares were sold at an average price of $350.44, for a total value of $3,020,792.80. Following the completion of the transaction, the chief executive officer now directly owns 537 shares of the company's stock, valued at $188,186.28. This trade represents a 94.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 143,205 shares of company stock worth $48,842,490. Corporate insiders own 0.13% of the company's stock.

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Visa Stock Up 3.3 %

V traded up $10.68 on Friday, hitting $335.29. 2,958,387 shares of the company were exchanged, compared to its average volume of 7,270,057. The firm has a 50-day moving average price of $342.63 and a two-hundred day moving average price of $318.32. 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 Inc. has a twelve month low of $252.70 and a twelve month high of $366.54. The company has a market cap of $622.89 billion, a price-to-earnings ratio of 33.63, a price-to-earnings-growth ratio of 2.33 and a beta of 0.94.

Visa (NYSE:V - Get Free Report) last announced its quarterly earnings data 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 return on equity of 54.79% and a net margin of 54.27%. On average, equities analysts predict that Visa Inc. will post 11.3 earnings per share for the current year.

Visa Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Tuesday, February 11th were given a dividend of $0.59 per share. The ex-dividend date of this dividend was Tuesday, February 11th. This represents a $2.36 annualized dividend and a dividend yield of 0.70%. Visa's dividend payout ratio (DPR) is currently 23.79%.

Wall Street Analyst Weigh In

Several research firms have weighed in on V. Barclays boosted their target price on shares of Visa from $361.00 to $396.00 and gave the company an "overweight" rating in a report on Monday, February 3rd. Susquehanna reiterated a "positive" rating on shares of Visa in a report on Friday, March 21st. Keefe, Bruyette & Woods reissued a "hold" rating on shares of Visa in a research note on Thursday, February 13th. Raymond James reaffirmed an "outperform" rating and issued a $393.00 price target (up previously from $374.00) on shares of Visa in a research note on Friday, January 31st. Finally, UBS Group raised their price objective on Visa from $350.00 to $400.00 and gave the stock a "buy" rating in a research report on Friday, January 31st. Seven investment analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, Visa presently has an average rating of "Moderate Buy" and an average price target of $355.84.

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.