Vista Investment Partners II LLC Buys Shares of 2,392 Visa Inc. (NYSE:V)

Vista Investment Partners II LLC acquired a new stake in Visa Inc. (NYSE:V - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 2,392 shares of the credit-card processor's stock, valued at approximately $756,000.

A number of other institutional investors also recently modified their holdings of the company. Peterson Financial Group Inc. acquired a new stake in shares of Visa during the 3rd quarter worth approximately $26,000. Decker Retirement Planning Inc. acquired a new position in shares of Visa in the 4th quarter valued at $26,000. Bradley & Co. Private Wealth Management LLC bought a new stake in Visa in the fourth quarter valued at about $27,000. POM Investment Strategies LLC raised its holdings in shares of Visa by 48.5% in the 4th quarter. POM Investment Strategies LLC now owns 98 shares of the credit-card processor's stock worth $31,000 after buying an additional 32 shares in the last quarter. Finally, Modus Advisors LLC acquired a new position in Visa during the fourth quarter worth $32,000. Institutional investors own 82.15% of the company's stock.

Visa Price Performance

NYSE:V opened at $345.79 on Monday. The firm's fifty day moving average price is $336.18 and its two-hundred day moving average price is $308.92. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.12 and a quick ratio of 1.12. The company has a market cap of $642.41 billion, a P/E ratio of 34.86, a P/E/G ratio of 2.33 and a beta of 0.95. Visa Inc. has a one year low of $252.70 and a one year high of $366.54.

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

Visa Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Tuesday, February 11th were given 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 0.68%. Visa's payout ratio is presently 23.79%.

Insider Activity at Visa

In other Visa news, CEO Ryan Mcinerney sold 8,620 shares of the business's stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $363.00, for a total transaction of $3,129,060.00. Following the completion of the transaction, the chief executive officer now directly owns 537 shares in the company, valued at $194,931. The trade was a 94.14 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, General Counsel Julie B. Rottenberg sold 2,572 shares of the company's stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $340.00, for a total value of $874,480.00. Following the sale, 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. Over the last three months, insiders have sold 64,505 shares of company stock worth $22,290,507. Corporate insiders own 0.13% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on V. Barclays upped their target price on shares of Visa from $361.00 to $396.00 and gave the stock an "overweight" rating in a report on Monday, February 3rd. Citigroup reissued a "neutral" rating on shares of Visa in a report on Thursday, February 13th. Morgan Stanley raised their price target on Visa from $326.00 to $371.00 and gave the company an "overweight" rating in a report on Wednesday, December 18th. Susquehanna increased their target price on Visa from $395.00 to $410.00 and gave the stock a "positive" rating in a report on Friday, February 21st. Finally, Piper Sandler reissued an "overweight" rating and set a $383.00 price objective (up previously from $368.00) on shares of Visa in a report on Friday, January 31st. Six research analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $353.96.

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.

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