Zacks Investment Management Has $16.69 Million Position in Visa Inc. (NYSE:V)

Zacks Investment Management raised its stake in Visa Inc. (NYSE:V - Free Report) by 3.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 52,820 shares of the credit-card processor's stock after purchasing an additional 1,828 shares during the quarter. Zacks Investment Management's holdings in Visa were worth $16,693,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Decker Retirement Planning Inc. bought a new position in shares of Visa during the fourth quarter worth about $26,000. Bradley & Co. Private Wealth Management LLC bought a new stake in shares of Visa in the 4th quarter valued at approximately $27,000. POM Investment Strategies LLC lifted its stake in Visa by 48.5% during the fourth quarter. POM Investment Strategies LLC now owns 98 shares of the credit-card processor's stock worth $31,000 after purchasing an additional 32 shares during the last quarter. Modus Advisors LLC bought a new stake in Visa during the fourth quarter valued at $32,000. Finally, Compass Planning Associates Inc acquired a new stake in shares of Visa during the fourth quarter worth $32,000. Hedge funds and other institutional investors own 82.15% of the company's stock.

Insider Buying and Selling at Visa

In other news, CAO Peter M. Andreski sold 2,332 shares of the stock in a transaction on Friday, February 7th. The shares were sold at an average price of $349.62, for a total transaction of $815,313.84. Following the transaction, the chief accounting officer now owns 4,488 shares in the company, valued at $1,569,094.56. This represents a 34.19 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Tullier Kelly Mahon sold 33,741 shares of Visa stock in a transaction on Friday, February 7th. The shares were sold at an average price of $349.77, for a total transaction of $11,801,589.57. Following the completion of the sale, the insider now directly owns 36,566 shares of the company's stock, valued at approximately $12,789,689.82. The trade was a 47.99 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 143,205 shares of company stock worth $48,842,490. 0.13% of the stock is currently owned by company insiders.

Visa Price Performance

Shares of NYSE:V traded down $2.07 on Friday, reaching $329.26. 5,640,095 shares of the company traded hands, compared to its average volume of 7,227,437. The stock has a market capitalization of $611.69 billion, a PE ratio of 33.19, a P/E/G ratio of 2.33 and a beta of 0.94. 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's 50 day moving average is $340.68 and its 200-day moving average is $320.44. Visa Inc. has a fifty-two week low of $252.70 and a fifty-two week high of $366.54.

Visa (NYSE:V - Get Free Report) last announced its earnings results on Thursday, January 30th. The credit-card processor reported $2.75 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.66 by $0.09. Visa had a return on equity of 54.79% and a net margin of 54.27%. As a group, analysts anticipate that Visa Inc. will post 11.3 earnings per share for the current fiscal year.

Visa Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Tuesday, February 11th were issued a dividend of $0.59 per share. This represents a $2.36 annualized dividend and a dividend yield of 0.72%. The ex-dividend date of this dividend was Tuesday, February 11th. Visa's dividend payout ratio is currently 23.79%.

Analyst Ratings Changes

Several equities research analysts recently weighed in on V shares. Evercore ISI initiated coverage on shares of Visa in a research note on Wednesday, April 9th. They set an "in-line" rating and a $330.00 price objective on the stock. Wells Fargo & Company raised their price target on Visa from $360.00 to $395.00 and gave the stock an "overweight" rating in a report on Friday, January 31st. UBS Group increased their target price on Visa from $350.00 to $400.00 and gave the stock a "buy" rating in a research report on Friday, January 31st. Seaport Res Ptn upgraded shares of Visa from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, January 14th. Finally, Oppenheimer reissued an "outperform" rating on shares of Visa in a research note on Thursday, February 13th. Seven research analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Visa has an average rating of "Moderate Buy" and an average target price of $355.84.

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.