Tyche Wealth Partners LLC Takes Position in Visa Inc. (NYSE:V)

Tyche Wealth Partners LLC acquired a new stake in Visa Inc. (NYSE:V) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 26,331 shares of the credit-card processor’s stock, valued at approximately $6,855,000. Visa makes up 1.7% of Tyche Wealth Partners LLC’s investment portfolio, making the stock its 10th largest position.

Several other hedge funds and other institutional investors have also recently bought and sold shares of V. Hibernia Wealth Partners LLC purchased a new stake in shares of Visa in the third quarter valued at about $25,000. Altshuler Shaham Ltd purchased a new position in shares of Visa during the 3rd quarter worth $25,000. O Brien Wealth Partners LLC purchased a new stake in shares of Visa in the fourth quarter valued at $32,000. Nalls Sherbakoff Group LLC increased its stake in Visa by 545.5% in the third quarter. Nalls Sherbakoff Group LLC now owns 142 shares of the credit-card processor’s stock valued at $33,000 after purchasing an additional 120 shares during the last quarter. Finally, Valued Wealth Advisors LLC purchased a new position in Visa during the fourth quarter worth about $37,000. 82.15% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other Visa news, insider Rajat Taneja sold 36,546 shares of Visa stock in a transaction that occurred on Friday, January 19th. The shares were sold at an average price of $270.20, for a total transaction of $9,874,729.20. Following the transaction, the insider now directly owns 232,112 shares in the company, valued at approximately $62,716,662.40. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In other news, insider Rajat Taneja sold 36,546 shares of the firm’s stock in a transaction on Friday, January 19th. The shares were sold at an average price of $270.20, for a total transaction of $9,874,729.20. Following the transaction, the insider now owns 232,112 shares in the company, valued at approximately $62,716,662.40. 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 2,615 shares of Visa stock in a transaction on Wednesday, February 7th. The shares were sold at an average price of $278.88, for a total transaction of $729,271.20. Following the completion of the sale, the chief accounting officer now directly owns 4,898 shares of the company’s stock, valued at approximately $1,365,954.24. The disclosure for this sale can be found here. In the last quarter, insiders sold 55,511 shares of company stock worth $15,131,081. Corporate insiders own 0.19% of the company’s stock.

Wall Street Analyst Weigh In

V has been the subject of several recent analyst reports. Mizuho reaffirmed a “neutral” rating and set a $265.00 price objective on shares of Visa in a research note on Wednesday, March 27th. Susquehanna increased their price target on shares of Visa from $300.00 to $326.00 and gave the stock a “positive” rating in a research note on Friday, January 26th. Raymond James boosted their price objective on shares of Visa from $287.00 to $311.00 and gave the company an “outperform” rating in a research note on Friday, January 26th. Keefe, Bruyette & Woods increased their target price on Visa from $305.00 to $315.00 and gave the stock an “outperform” rating in a research report on Friday, January 26th. Finally, Robert W. Baird raised their price objective on Visa from $314.00 to $320.00 and gave the stock an “outperform” rating in a report on Wednesday. Five analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $298.43.

Visa Price Performance

Shares of NYSE V opened at $272.69 on Thursday. Visa Inc. has a 1-year low of $216.14 and a 1-year high of $290.96. The firm has a market capitalization of $500.80 billion, a PE ratio of 31.38, a P/E/G ratio of 1.87 and a beta of 0.96. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.45 and a quick ratio of 1.45. The business’s fifty day moving average price is $279.80 and its two-hundred day moving average price is $262.56.

Visa (NYSE:V) last posted its earnings results on Thursday, January 25th. The credit-card processor reported $2.41 EPS for the quarter, topping the consensus estimate 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 during the quarter, compared to analysts’ expectations of $8.55 billion. During the same quarter in the prior year, the firm earned $2.18 EPS. Visa’s quarterly revenue was up 9.3% on a year-over-year basis. On average, research analysts expect that Visa Inc. will post 9.88 EPS for the current year.

Visa Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, March 1st. Investors of record on Friday, February 9th were paid a dividend of $0.52 per share. The ex-dividend date was Thursday, February 8th. This represents a $2.08 annualized dividend and a yield of 0.76%. 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.