Foster & Motley Inc. Has $1.07 Million Holdings in Visa Inc. (NYSE:V)

Foster & Motley Inc. trimmed its position in Visa Inc. (NYSE:V) by 6.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,093 shares of the credit-card processor’s stock after selling 271 shares during the quarter. Foster & Motley Inc.’s holdings in Visa were worth $1,066,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Garrison Asset Management LLC raised its position in Visa by 63.2% during the fourth quarter. Garrison Asset Management LLC now owns 1,882 shares of the credit-card processor’s stock valued at $490,000 after buying an additional 729 shares during the period. RWA Wealth Partners LLC increased its holdings in shares of Visa by 120.5% in the 4th quarter. RWA Wealth Partners LLC now owns 175,196 shares of the credit-card processor’s stock valued at $45,612,000 after purchasing an additional 95,756 shares during the period. Sage Mountain Advisors LLC lifted its position in shares of Visa by 7.9% in the fourth quarter. Sage Mountain Advisors LLC now owns 10,722 shares of the credit-card processor’s stock worth $2,791,000 after purchasing an additional 788 shares in the last quarter. Townsend Asset Management Corp NC ADV boosted its holdings in shares of Visa by 1.4% during the fourth quarter. Townsend Asset Management Corp NC ADV now owns 31,205 shares of the credit-card processor’s stock worth $8,124,000 after purchasing an additional 432 shares during the period. Finally, Monument Capital Management grew its position in Visa by 4.3% during the fourth quarter. Monument Capital Management now owns 6,119 shares of the credit-card processor’s stock valued at $1,593,000 after purchasing an additional 252 shares in the last quarter. 82.15% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Visa

In other news, CAO Peter M. Andreski sold 2,615 shares of the stock in a transaction on Wednesday, February 7th. The stock was sold at an average price of $278.88, for a total value of $729,271.20. Following the transaction, the chief accounting officer now owns 4,898 shares of the company’s stock, valued at approximately $1,365,954.24. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, CEO Ryan Mcinerney sold 8,150 shares of Visa stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $273.39, for a total transaction of $2,228,128.50. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CAO Peter M. Andreski sold 2,615 shares of the company’s stock in a transaction that occurred 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. Insiders sold a total of 18,965 shares of company stock worth $5,256,352 in the last quarter. 0.19% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on V. Evercore ISI lifted their target price on shares of Visa from $325.00 to $335.00 and gave the company an “outperform” rating in a research note on Tuesday, March 26th. Redburn Atlantic restated a “neutral” rating and issued a $307.00 target price on shares of Visa in a research note on Wednesday, March 27th. Wedbush raised their price target on Visa from $270.00 to $280.00 and gave the stock an “outperform” rating in a research note on Friday, January 26th. Keefe, Bruyette & Woods lifted 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. Finally, Raymond James increased their price objective on Visa from $287.00 to $311.00 and gave the stock an “outperform” rating in a report on Friday, January 26th. Five investment analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company. Based on data from MarketBeat, Visa has an average rating of “Moderate Buy” and an average target price of $298.43.

Visa Price Performance

Shares of Visa stock opened at $274.23 on Wednesday. The stock has a market capitalization of $503.63 billion, a price-to-earnings ratio of 31.56, a P/E/G ratio of 1.88 and a beta of 0.96. The firm’s 50-day moving average price is $279.49 and its two-hundred day moving average price is $263.90. The company has a current ratio of 1.45, a quick ratio of 1.45 and a debt-to-equity ratio of 0.54. Visa Inc. has a 1-year low of $216.14 and a 1-year high of $290.96.

Visa (NYSE:V) last announced its earnings results on Thursday, January 25th. The credit-card processor reported $2.41 earnings per share for the quarter, beating analysts’ consensus estimates of $2.34 by $0.07. The company had revenue of $8.63 billion during the quarter, compared to analyst estimates of $8.55 billion. Visa had a return on equity of 50.02% and a net margin of 53.92%. The firm’s quarterly revenue was up 9.3% compared to the same quarter last year. During the same period last year, the company posted $2.18 earnings per share. On average, equities analysts predict that Visa Inc. will post 9.88 earnings per share for the current fiscal year.

Visa Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 1st. Stockholders of record on Friday, February 9th were paid a $0.52 dividend. This represents a $2.08 annualized dividend and a dividend yield of 0.76%. The ex-dividend date of this dividend was Thursday, February 8th. Visa’s dividend payout ratio (DPR) is presently 23.94%.

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.