ZEGA Investments LLC Makes New Investment in Visa Inc. (NYSE:V)

ZEGA Investments LLC bought a new stake in Visa Inc. (NYSE:V - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 2,357 shares of the credit-card processor's stock, valued at approximately $778,000.

A number of other institutional investors have also made changes to their positions in V. Decker Retirement Planning Inc. bought a new stake in shares of Visa during the fourth quarter worth $26,000. Bradley & Co. Private Wealth Management LLC bought a new stake in Visa during the 4th quarter worth about $27,000. POM Investment Strategies LLC lifted 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 valued at $31,000 after purchasing an additional 32 shares during the period. Modus Advisors LLC bought a new position in shares of Visa in the 4th quarter valued at about $32,000. Finally, Compass Planning Associates Inc acquired a new stake in shares of Visa during the 4th quarter worth approximately $32,000. 82.15% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, insider Tullier Kelly Mahon sold 33,741 shares of the firm's stock in a transaction dated 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 owns 36,566 shares in the company, valued at approximately $12,789,689.82. This trade represents a 47.99 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Ryan Mcinerney sold 8,620 shares of Visa stock in a transaction dated Thursday, January 2nd. The stock was 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. Insiders have sold a total of 143,205 shares of company stock valued at $48,560,961 over the last 90 days. 0.13% of the stock is currently owned by insiders.

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Analysts Set New Price Targets

A number of brokerages have issued reports on V. StockNews.com raised shares of Visa from a "hold" rating to a "buy" rating in a research note on Thursday, March 20th. Morgan Stanley raised their price target on Visa from $326.00 to $371.00 and gave the stock an "overweight" rating in a research report on Wednesday, December 18th. William Blair reiterated an "outperform" rating on shares of Visa in a report on Friday, January 31st. Wells Fargo & Company raised their target price on Visa from $360.00 to $395.00 and gave the stock an "overweight" rating in a report on Friday, January 31st. Finally, Barclays upped their price target on Visa from $361.00 to $396.00 and gave the company an "overweight" rating in a research note on Monday, February 3rd. Six equities research analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $353.96.

Visa Stock Down 0.2 %

V traded down $0.57 during trading hours on Wednesday, hitting $344.05. 6,184,455 shares of the company's stock were exchanged, compared to its average volume of 6,702,736. The stock has a market cap of $639.17 billion, a price-to-earnings ratio of 34.68, a PEG ratio of 2.33 and a beta of 0.95. Visa Inc. has a 1-year low of $252.70 and a 1-year high of $366.54. The stock's 50-day moving average is $341.94 and its two-hundred day moving average is $314.21. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.45.

Visa (NYSE:V - Get Free Report) last posted its quarterly earnings results on Thursday, January 30th. The credit-card processor reported $2.75 earnings per share for the quarter, beating 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%. Sell-side analysts predict that Visa Inc. will post 11.3 earnings per share for the current fiscal year.

Visa Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Tuesday, February 11th were paid a $0.59 dividend. The ex-dividend date was Tuesday, February 11th. This represents a $2.36 annualized dividend and a yield of 0.69%. Visa's dividend payout ratio (DPR) is currently 23.79%.

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.