Wingate Wealth Advisors Inc. Invests $237,000 in Visa Inc. (NYSE:V)

Wingate Wealth Advisors Inc. purchased a new stake in Visa Inc. (NYSE:V - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 750 shares of the credit-card processor's stock, valued at approximately $237,000.

Several other large investors have also modified their holdings of the business. Decker Retirement Planning Inc. purchased a new position in shares of Visa during the fourth quarter valued at approximately $26,000. Peterson Financial Group Inc. purchased a new position in shares of Visa during the third quarter valued at approximately $26,000. Modus Advisors LLC purchased a new position in shares of Visa during the fourth quarter valued at approximately $32,000. Reston Wealth Management LLC purchased a new position in shares of Visa during the third quarter valued at approximately $31,000. Finally, Sugar Maple Asset Management LLC purchased a new position in shares of Visa during the fourth quarter valued at approximately $44,000. 82.15% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

V has been the topic of several recent analyst reports. The Goldman Sachs Group upped their price objective on shares of Visa from $346.00 to $384.00 and gave the company a "buy" rating in a research note on Friday, January 31st. Wells Fargo & Company upped their price objective on shares of Visa from $360.00 to $395.00 and gave the company an "overweight" rating in a research note on Friday, January 31st. Citigroup upped their price objective on shares of Visa from $354.00 to $393.00 and gave the company a "buy" rating in a research note on Friday, January 31st. Oppenheimer increased their price target on shares of Visa from $375.00 to $390.00 and gave the stock an "outperform" rating in a research note on Friday, January 31st. Finally, Susquehanna increased their price target on shares of Visa from $375.00 to $395.00 and gave the stock a "positive" rating in a research note on Friday, January 31st. Four equities research analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, Visa presently has a consensus rating of "Moderate Buy" and a consensus price target of $354.73.

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Insider Transactions at Visa

In other news, CAO Peter M. Andreski sold 2,332 shares of the firm's stock in a transaction dated Friday, February 7th. The shares were sold at an average price of $349.62, for a total value of $815,313.84. Following the transaction, the chief accounting officer now directly owns 4,488 shares in the company, valued at approximately $1,569,094.56. This trade represents a 34.19 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Tullier Kelly Mahon sold 33,741 shares of the firm's stock in a transaction dated Friday, February 7th. The stock was sold at an average price of $349.77, for a total transaction of $11,801,589.57. Following the completion of the transaction, the insider now owns 36,566 shares in the company, valued at approximately $12,789,689.82. The trade was a 47.99 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 58,056 shares of company stock worth $19,830,050. 0.13% of the stock is currently owned by insiders.

Visa Stock Down 0.5 %

V stock traded down $1.90 during mid-day trading on Friday, hitting $353.73. 5,719,056 shares of the company were exchanged, compared to its average volume of 5,723,993. The company has a market capitalization of $657.15 billion, a PE ratio of 35.66, a price-to-earnings-growth ratio of 2.32 and a beta of 0.97. The company has a current ratio of 1.12, a quick ratio of 1.28 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 $356.08. The firm has a fifty day simple moving average of $325.14 and a 200 day simple moving average of $298.94.

Visa (NYSE:V - Get Free Report) last announced its quarterly earnings data on Thursday, January 30th. The credit-card processor reported $2.75 earnings per share 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%. On average, research analysts forecast that Visa Inc. will post 11.27 earnings per share for the current fiscal year.

Visa Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 3rd. Stockholders of record on Tuesday, February 11th will be given a $0.59 dividend. The ex-dividend date is Tuesday, February 11th. This represents a $2.36 dividend on an annualized basis and a dividend yield of 0.67%. Visa's payout ratio is currently 23.79%.

Visa 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.