Visa Inc. (NYSE:V) Shares Acquired by Mount Yale Investment Advisors LLC

Mount Yale Investment Advisors LLC raised its holdings in shares of Visa Inc. (NYSE:V - Free Report) by 24.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 13,292 shares of the credit-card processor's stock after purchasing an additional 2,650 shares during the period. Mount Yale Investment Advisors LLC's holdings in Visa were worth $4,201,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Custom Index Systems LLC acquired a new position in Visa during the third quarter valued at $731,000. Copley Financial Group Inc. purchased a new stake in shares of Visa in the third quarter worth about $616,000. Oak Ridge Investments LLC grew its holdings in Visa by 5.9% during the fourth quarter. Oak Ridge Investments LLC now owns 75,456 shares of the credit-card processor's stock worth $23,847,000 after acquiring an additional 4,198 shares during the period. FORA Capital LLC acquired a new position in Visa in the third quarter valued at approximately $7,987,000. Finally, Chicago Capital LLC boosted its position in Visa by 5.2% in the 3rd quarter. Chicago Capital LLC now owns 404,914 shares of the credit-card processor's stock worth $111,331,000 after purchasing an additional 20,023 shares in the last quarter. Hedge funds and other institutional investors own 82.15% of the company's stock.

Insider Activity at Visa

In other news, insider Paul D. Fabara sold 2,171 shares of the company's stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $307.97, for a total value of $668,602.87. Following the sale, the insider now directly owns 17,894 shares in the company, valued at $5,510,815.18. This represents a 10.82 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Ryan Mcinerney sold 8,620 shares of the business's stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $317.78, for a total transaction of $2,739,263.60. The disclosure for this sale can be found here. 0.13% of the stock is currently owned by company insiders.

Visa Price Performance

Shares of V traded up $7.38 during mid-day trading on Thursday, hitting $343.26. The company's stock had a trading volume of 7,911,426 shares, compared to its average volume of 5,745,500. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 0.55. Visa Inc. has a 1-year low of $252.70 and a 1-year high of $344.44. The firm has a market capitalization of $639.46 billion, a P/E ratio of 35.28, a P/E/G ratio of 2.17 and a beta of 0.96. The firm has a 50-day simple moving average of $316.43 and a 200 day simple moving average of $292.09.

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, beating the consensus estimate of $2.66 by $0.09. Visa had a net margin of 54.96% and a return on equity of 53.16%. Analysts predict that Visa Inc. will post 11.19 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of analysts have commented on V shares. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Visa from $300.00 to $340.00 and gave the company a "buy" rating in a report on Wednesday, October 30th. Royal Bank of Canada lifted their price objective on Visa from $311.00 to $322.00 and gave the stock an "outperform" rating in a research report on Wednesday, October 30th. Macquarie raised their target price on Visa from $300.00 to $335.00 and gave the stock an "outperform" rating in a research note on Wednesday, October 30th. Bank of America boosted their price target on shares of Visa from $314.00 to $331.00 and gave the company a "neutral" rating in a research report on Wednesday, January 22nd. Finally, Jefferies Financial Group lifted their target price on shares of Visa from $320.00 to $330.00 and gave the stock a "buy" rating in a research note on Wednesday, October 30th. Four investment analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $335.52.

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.