Davidson Investment Advisors grew its position in Visa Inc. (NYSE:V - Free Report) by 1.7% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 86,830 shares of the credit-card processor's stock after purchasing an additional 1,459 shares during the period. Visa makes up approximately 1.3% of Davidson Investment Advisors' holdings, making the stock its 21st biggest position. Davidson Investment Advisors' holdings in Visa were worth $27,442,000 at the end of the most recent quarter.
Other large investors also recently made changes to their positions in the company. Swedbank AB grew its holdings in Visa by 10.7% during the third quarter. Swedbank AB now owns 2,059,111 shares of the credit-card processor's stock worth $566,153,000 after acquiring an additional 199,440 shares during the period. Howard Capital Management Group LLC lifted its stake in Visa by 0.6% during the third quarter. Howard Capital Management Group LLC now owns 106,355 shares of the credit-card processor's stock valued at $29,242,000 after purchasing an additional 610 shares during the last quarter. BLB&B Advisors LLC boosted its holdings in Visa by 2.2% during the third quarter. BLB&B Advisors LLC now owns 66,988 shares of the credit-card processor's stock worth $18,418,000 after buying an additional 1,430 shares in the last quarter. Private Advisor Group LLC grew its position in Visa by 0.7% in the third quarter. Private Advisor Group LLC now owns 169,759 shares of the credit-card processor's stock worth $46,676,000 after buying an additional 1,252 shares during the last quarter. Finally, Segment Wealth Management LLC increased its holdings in shares of Visa by 1.8% in the third quarter. Segment Wealth Management LLC now owns 65,308 shares of the credit-card processor's stock valued at $17,957,000 after buying an additional 1,129 shares in the last quarter. Institutional investors and hedge funds own 82.15% of the company's stock.
Wall Street Analyst Weigh In
Several equities research analysts have recently weighed in on V shares. The Goldman Sachs Group raised their price objective on Visa from $346.00 to $384.00 and gave the stock a "buy" rating in a research note on Friday, January 31st. BMO Capital Markets lifted their price target on Visa from $310.00 to $320.00 and gave the company an "outperform" rating in a report on Wednesday, October 30th. Mizuho upped their price target on shares of Visa from $279.00 to $292.00 and gave the stock a "neutral" rating in a research note on Friday, November 1st. Barclays lifted their price objective on Visa from $361.00 to $396.00 and gave the company an "overweight" rating in a research report on Monday, February 3rd. Finally, Robert W. Baird upped their target price on Visa from $330.00 to $340.00 and gave the stock an "outperform" rating in a research report on Wednesday, October 30th. Four equities research analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $355.31.
Get Our Latest Analysis on V
Visa Trading Down 0.6 %
Shares of V stock traded down $2.22 during trading hours on Friday, reaching $348.27. The company had a trading volume of 6,910,504 shares, compared to its average volume of 5,753,988. The company has a 50 day moving average of $328.47 and a 200 day moving average of $301.39. The firm has a market cap of $647.01 billion, a price-to-earnings ratio of 35.11, a P/E/G ratio of 2.36 and a beta of 0.97. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.12 and a quick ratio of 1.12. Visa Inc. has a 1-year low of $252.70 and a 1-year high of $357.15.
Visa (NYSE:V - Get Free Report) last posted its earnings results on Thursday, January 30th. The credit-card processor reported $2.75 earnings per share (EPS) for the quarter, topping the consensus estimate 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 research analysts anticipate that Visa Inc. will post 11.3 EPS for the current year.
Visa Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Monday, March 3rd. Shareholders of record on Tuesday, February 11th will be paid a $0.59 dividend. The ex-dividend date is Tuesday, February 11th. This represents a $2.36 dividend on an annualized basis and a yield of 0.68%. Visa's payout ratio is 23.79%.
Insiders Place Their Bets
In other Visa news, CAO Peter M. Andreski sold 2,332 shares of the business'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 value of $815,313.84. Following the sale, the chief accounting officer now owns 4,488 shares in the company, valued at approximately $1,569,094.56. The trade was a 34.19 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, General Counsel Julie B. Rottenberg sold 2,572 shares of the stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $340.00, for a total transaction of $874,480.00. Following the transaction, the general counsel now owns 11,925 shares of the company's stock, valued at approximately $4,054,500. This represents a 17.74 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 55,885 shares of company stock worth $19,161,447 over the last ninety days. 0.13% of the stock is currently owned by corporate insiders.
About Visa
(
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.
Further Reading
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