Planned Solutions Inc. Makes New $427,000 Investment in Visa Inc. (NYSE:V)

Planned Solutions Inc. purchased a new position in shares of Visa Inc. (NYSE:V) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 1,640 shares of the credit-card processor’s stock, valued at approximately $427,000.

A number of other hedge funds also recently bought and sold shares of V. Hibernia Wealth Partners LLC acquired a new position in shares of Visa during the third quarter valued at approximately $25,000. Altshuler Shaham Ltd acquired a new position in shares of Visa during the third quarter valued at approximately $25,000. West Tower Group LLC acquired a new position in shares of Visa during the second quarter valued at approximately $30,000. Financial Freedom LLC acquired a new position in shares of Visa during the fourth quarter valued at approximately $32,000. Finally, Nalls Sherbakoff Group LLC raised its holdings in shares of Visa by 545.5% during the third quarter. Nalls Sherbakoff Group LLC now owns 142 shares of the credit-card processor’s stock valued at $33,000 after acquiring an additional 120 shares during the last quarter. Hedge funds and other institutional investors own 82.15% of the company’s stock.

Insiders Place Their Bets

In other news, insider Rajat Taneja sold 36,546 shares of Visa stock in a transaction that occurred on Friday, January 19th. The stock was sold at an average price of $270.20, for a total transaction of $9,874,729.20. Following the sale, the insider now owns 232,112 shares of the company’s stock, valued at $62,716,662.40. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In other news, CAO Peter M. Andreski sold 2,615 shares of Visa stock in a transaction that occurred on Wednesday, February 7th. The stock was sold at an average price of $278.88, for a total transaction of $729,271.20. Following the sale, the chief accounting officer now owns 4,898 shares of the company’s stock, valued at $1,365,954.24. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Rajat Taneja sold 36,546 shares of the business’s stock in a transaction that occurred on Friday, January 19th. The stock was sold at an average price of $270.20, for a total value of $9,874,729.20. Following the sale, the insider now directly owns 232,112 shares in the company, valued at approximately $62,716,662.40. The disclosure for this sale can be found here. Insiders have sold 47,311 shares of company stock valued at $12,832,129 over the last quarter. Insiders own 0.19% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have commented on the company. Susquehanna increased their target price on Visa from $300.00 to $326.00 and gave the company a “positive” rating in a report on Friday, January 26th. Raymond James increased their price target on Visa from $287.00 to $311.00 and gave the company an “outperform” rating in a report on Friday, January 26th. Jefferies Financial Group increased their price target on Visa from $280.00 to $295.00 and gave the company a “buy” rating in a report on Tuesday, December 12th. Barclays increased their price target on Visa from $304.00 to $319.00 and gave the company an “overweight” rating in a report on Monday, January 29th. Finally, Keefe, Bruyette & Woods increased their price target on Visa from $305.00 to $315.00 and gave the company an “outperform” rating in a report on Friday, January 26th. Five research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company. Based on data from MarketBeat.com, Visa currently has a consensus rating of “Moderate Buy” and an average target price of $295.82.

Visa Stock Down 0.8 %

NYSE:V traded down $2.19 during mid-day trading on Wednesday, reaching $278.41. The stock had a trading volume of 1,548,981 shares, compared to its average volume of 5,585,597. The company has a market capitalization of $511.30 billion, a price-to-earnings ratio of 32.00, a price-to-earnings-growth ratio of 1.94 and a beta of 0.96. Visa Inc. has a 1-year low of $216.14 and a 1-year high of $290.96. The stock’s 50 day simple moving average is $278.54 and its two-hundred day simple moving average is $258.27. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.45 and a quick ratio of 1.45.

Visa (NYSE:V) last issued its earnings results on Thursday, January 25th. The credit-card processor reported $2.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.34 by $0.07. Visa had a net margin of 53.92% and a return on equity of 50.02%. The firm had revenue of $8.63 billion for the quarter, compared to analysts’ expectations of $8.55 billion. During the same quarter last year, the company posted $2.18 earnings per share. Visa’s revenue was up 9.3% on a year-over-year basis. Equities analysts anticipate that Visa Inc. will post 9.9 EPS for the current year.

Visa Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 1st. Shareholders of record on Friday, February 9th were issued a $0.52 dividend. The ex-dividend date of this dividend was Thursday, February 8th. This represents a $2.08 dividend on an annualized basis and a yield of 0.75%. Visa’s dividend payout ratio is currently 23.94%.

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.