Visa Inc. (NYSE:V) Stake Increased by Sunpointe LLC

Sunpointe LLC grew its holdings in Visa Inc. (NYSE:V) by 3.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,237 shares of the credit-card processor’s stock after purchasing an additional 154 shares during the period. Sunpointe LLC’s holdings in Visa were worth $1,339,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Decker Retirement Planning Inc. purchased a new stake in shares of Visa during the fourth quarter worth $26,000. Peterson Financial Group Inc. purchased a new stake in shares of Visa during the third quarter worth $26,000. POM Investment Strategies LLC raised its holdings in shares of 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 acquiring an additional 32 shares in the last quarter. Modus Advisors LLC purchased a new stake in shares of Visa during the fourth quarter worth $32,000. Finally, Reston Wealth Management LLC purchased a new stake in shares of Visa during the third quarter worth $31,000. Hedge funds and other institutional investors own 82.15% of the company’s stock.

Insiders Place Their Bets

In other Visa news, 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 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Peter M. Andreski sold 2,332 shares of Visa stock in a transaction on Friday, February 7th. The stock was sold at an average price of $349.62, for a total transaction of $815,313.84. Following the sale, the chief accounting officer now directly owns 4,488 shares of the company’s stock, valued at $1,569,094.56. This represents a 34.19 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 55,885 shares of company stock valued at $19,161,447. Company insiders own 0.13% of the company’s stock.

Analyst Ratings Changes

Several research firms have commented on V. Mizuho increased their target price on shares of Visa from $279.00 to $292.00 and gave the stock a “neutral” rating in a research report on Friday, November 1st. Susquehanna increased their target price on shares of Visa from $395.00 to $410.00 and gave the stock a “positive” rating in a research report on Friday. Barclays increased their target price on shares of Visa from $361.00 to $396.00 and gave the stock an “overweight” rating in a research report on Monday, February 3rd. Citigroup increased their target price on shares of Visa from $354.00 to $393.00 and gave the stock a “buy” rating in a research report on Friday, January 31st. Finally, Robert W. Baird increased their target price on shares of Visa from $330.00 to $340.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 30th. Four research analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Visa presently has a consensus rating of “Moderate Buy” and an average target price of $355.31.

Visa Stock Performance

NYSE:V opened at $348.27 on Friday. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.45. The stock has a market capitalization of $647.01 billion, a P/E ratio of 35.11, a price-to-earnings-growth ratio of 2.36 and a beta of 0.97. The firm has a 50 day moving average of $329.14 and a 200-day moving average of $302.03. Visa Inc. has a 1 year low of $252.70 and a 1 year high of $357.15.

Visa (NYSE:V) last issued 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 net margin of 54.27% and a return on equity of 54.79%. As a group, sell-side analysts anticipate that Visa Inc. will post 11.3 EPS for the current fiscal year.

Visa Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, March 3rd. Investors of record on Tuesday, February 11th will be issued a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a dividend yield of 0.68%. The ex-dividend date is Tuesday, February 11th. Visa’s dividend payout ratio is currently 23.79%.

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.