Intelligence Driven Advisers LLC Makes New Investment in Visa Inc. (NYSE:V)

Intelligence Driven Advisers LLC acquired a new stake in Visa Inc. (NYSE:V) in the fourth quarter, Holdings Channel reports. The institutional investor acquired 675 shares of the credit-card processor’s stock, valued at approximately $213,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Creative Planning boosted its stake in shares of Visa by 2.4% during the third quarter. Creative Planning now owns 566,729 shares of the credit-card processor’s stock valued at $155,822,000 after purchasing an additional 13,318 shares during the period. Swedbank AB boosted its position in Visa by 10.7% during the 3rd quarter. Swedbank AB now owns 2,059,111 shares of the credit-card processor’s stock valued at $566,153,000 after buying an additional 199,440 shares during the period. Howard Capital Management Group LLC grew its holdings in Visa by 0.6% in the 3rd quarter. Howard Capital Management Group LLC now owns 106,355 shares of the credit-card processor’s stock worth $29,242,000 after acquiring an additional 610 shares during the last quarter. Kozak & Associates Inc. raised its stake in shares of Visa by 4.7% during the third quarter. Kozak & Associates Inc. now owns 3,713 shares of the credit-card processor’s stock valued at $1,068,000 after acquiring an additional 168 shares during the last quarter. Finally, BCS Wealth Management boosted its holdings in shares of Visa by 42.0% during the third quarter. BCS Wealth Management now owns 2,264 shares of the credit-card processor’s stock worth $623,000 after purchasing an additional 670 shares during the period. Institutional investors own 82.15% of the company’s stock.

Insider Activity at Visa

In related news, insider Paul D. Fabara sold 2,171 shares of the company’s stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $307.97, for a total transaction of $668,602.87. Following the completion of the sale, the insider now owns 17,894 shares in the company, valued at approximately $5,510,815.18. This represents a 10.82 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Peter M. Andreski sold 2,332 shares of the 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 completion of the transaction, the chief accounting officer now directly owns 4,488 shares in the company, valued at approximately $1,569,094.56. This represents a 34.19 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 58,056 shares of company stock worth $19,830,050 over the last quarter. Company insiders own 0.13% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently issued reports on V shares. Barclays boosted their price target on Visa from $361.00 to $396.00 and gave the company an “overweight” rating in a report on Monday, February 3rd. BMO Capital Markets upped their target price on Visa from $310.00 to $320.00 and gave the company an “outperform” rating in a report on Wednesday, October 30th. TD Cowen lifted their price target on shares of Visa from $318.00 to $325.00 and gave the company a “buy” rating in a report on Wednesday, October 30th. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Visa from $300.00 to $340.00 and gave the stock a “buy” rating in a report on Wednesday, October 30th. Finally, Robert W. Baird lifted their target price on shares of Visa from $330.00 to $340.00 and gave the company an “outperform” rating in a research note on Wednesday, October 30th. Four research analysts have rated the stock with a hold rating, twenty-five have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, Visa presently has a consensus rating of “Moderate Buy” and a consensus target price of $354.73.

Visa Stock Performance

Shares of V opened at $353.73 on Friday. The company has a market cap of $657.15 billion, a price-to-earnings ratio of 35.66, a P/E/G ratio of 2.32 and a beta of 0.97. The business’s fifty day simple moving average is $325.14 and its two-hundred day simple moving average is $298.94. Visa Inc. has a 12 month low of $252.70 and a 12 month high of $356.08. 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 (NYSE:V) last released its quarterly earnings data on Thursday, January 30th. The credit-card processor reported $2.75 EPS for the quarter, beating the consensus estimate of $2.66 by $0.09. Visa had a return on equity of 54.79% and a net margin of 54.27%. Research analysts anticipate that Visa Inc. will post 11.27 earnings per share for the current fiscal year.

Visa Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 3rd. Stockholders of record on Tuesday, February 11th will be issued a dividend of $0.59 per share. The ex-dividend date of this dividend is Tuesday, February 11th. This represents a $2.36 annualized dividend and a dividend yield of 0.67%. Visa’s payout ratio is 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.