Waterloo Capital L.P. Acquires 2,524 Shares of Visa Inc. (NYSE:V)

Waterloo Capital L.P. lifted its position in Visa Inc. (NYSE:V - Free Report) by 24.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 12,642 shares of the credit-card processor's stock after buying an additional 2,524 shares during the quarter. Waterloo Capital L.P.'s holdings in Visa were worth $3,995,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the company. Decker Retirement Planning Inc. purchased a new stake in Visa during the fourth quarter valued at about $26,000. Bradley & Co. Private Wealth Management LLC bought a new stake in shares of Visa in the 4th quarter valued at about $27,000. POM Investment Strategies LLC grew its position in 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 last quarter. Modus Advisors LLC purchased a new position in Visa in the 4th quarter worth approximately $32,000. Finally, Compass Planning Associates Inc bought a new stake in Visa in the fourth quarter valued at approximately $32,000. Hedge funds and other institutional investors own 82.15% of the company's stock.

Visa Stock Down 0.8 %

NYSE:V traded down $2.42 on Tuesday, reaching $309.90. 5,819,221 shares of the stock traded hands, compared to its average volume of 7,237,054. Visa Inc. has a 12 month low of $252.70 and a 12 month high of $366.54. The company has a market capitalization of $575.73 billion, a price-to-earnings ratio of 31.21, a PEG ratio of 2.33 and a beta of 0.94. The company's fifty day simple moving average is $344.58 and its 200 day simple moving average is $317.46. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.45.

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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 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%. Equities analysts predict that Visa Inc. will post 11.3 EPS for the current fiscal year.

Visa Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Tuesday, February 11th were paid a $0.59 dividend. The ex-dividend date of this dividend was Tuesday, February 11th. This represents a $2.36 dividend on an annualized basis and a dividend yield of 0.76%. Visa's dividend payout ratio (DPR) is currently 23.79%.

Analyst Ratings Changes

V has been the topic of several analyst reports. Susquehanna reaffirmed a "positive" rating on shares of Visa in a research note on Friday, March 21st. Oppenheimer restated an "outperform" rating on shares of Visa in a research report on Thursday, February 13th. JPMorgan Chase & Co. increased their target price on shares of Visa from $340.00 to $375.00 and gave the stock an "overweight" rating in a report on Friday, January 31st. UBS Group raised their target price on Visa from $350.00 to $400.00 and gave the stock a "buy" rating in a research note on Friday, January 31st. Finally, Piper Sandler reaffirmed an "overweight" rating and set a $383.00 price target (up previously from $368.00) on shares of Visa in a research report on Friday, January 31st. Six investment analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $355.84.

Insider Buying and Selling

In other news, CAO Peter M. Andreski sold 2,332 shares of the company's stock in a transaction 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 completion of the sale, the chief accounting officer now directly owns 4,488 shares in the company, valued at $1,569,094.56. This represents a 34.19 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, General Counsel Julie B. Rottenberg sold 2,572 shares of Visa stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $340.00, for a total value of $874,480.00. Following the transaction, the general counsel now owns 11,925 shares in the company, valued at $4,054,500. This trade represents a 17.74 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 143,205 shares of company stock valued at $48,842,490 over the last 90 days. Company insiders own 0.13% of the company's stock.

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.