Linden Thomas Advisory Services LLC Increases Position in Visa Inc. (NYSE:V)

Linden Thomas Advisory Services LLC boosted its stake in Visa Inc. (NYSE:V) by 25.9% during the 4th quarter, HoldingsChannel.com reports. The fund owned 10,372 shares of the credit-card processor’s stock after purchasing an additional 2,135 shares during the period. Linden Thomas Advisory Services LLC’s holdings in Visa were worth $2,700,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in V. GoalVest Advisory LLC raised its stake in shares of Visa by 3.4% in the 4th quarter. GoalVest Advisory LLC now owns 1,217 shares of the credit-card processor’s stock valued at $317,000 after buying an additional 40 shares in the last quarter. Destiny Wealth Partners LLC grew its position in Visa by 2.5% during the 4th quarter. Destiny Wealth Partners LLC now owns 1,668 shares of the credit-card processor’s stock worth $433,000 after acquiring an additional 40 shares during the last quarter. Sunflower Bank N.A. increased its holdings in Visa by 1.3% during the 4th quarter. Sunflower Bank N.A. now owns 3,143 shares of the credit-card processor’s stock valued at $818,000 after purchasing an additional 41 shares in the last quarter. Parker Financial LLC raised its position in Visa by 4.8% in the 4th quarter. Parker Financial LLC now owns 925 shares of the credit-card processor’s stock valued at $241,000 after purchasing an additional 42 shares during the last quarter. Finally, Patron Partners LLC boosted its stake in Visa by 1.0% in the fourth quarter. Patron Partners LLC now owns 4,295 shares of the credit-card processor’s stock worth $1,118,000 after purchasing an additional 42 shares in the last quarter. 82.15% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Visa

In other news, CEO Ryan Mcinerney sold 8,200 shares of the firm’s stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $280.36, for a total value of $2,298,952.00. Following the sale, the chief executive officer now directly owns 538 shares in the company, valued at approximately $150,833.68. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In other news, CEO Ryan Mcinerney sold 8,200 shares of the stock in a transaction on Monday, April 1st. The stock was sold at an average price of $280.36, for a total value of $2,298,952.00. Following the completion of the transaction, the chief executive officer now directly owns 538 shares in the company, valued at approximately $150,833.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Peter M. Andreski sold 2,615 shares of the business’s 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 sale, the chief accounting officer now owns 4,898 shares in the company, 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 over the last ninety days. 0.19% of the stock is currently owned by corporate insiders.

Visa Stock Up 0.8 %

Shares of V stock traded up $2.25 on Wednesday, hitting $276.36. 4,026,682 shares of the stock were exchanged, compared to its average volume of 5,851,841. The business has a 50-day moving average of $279.49 and a 200 day moving average of $263.90. Visa Inc. has a fifty-two week low of $216.14 and a fifty-two week high of $290.96. The firm has a market capitalization of $507.54 billion, a P/E ratio of 31.86, a price-to-earnings-growth ratio of 1.88 and a beta of 0.96. 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 (NYSE:V) last announced its quarterly earnings data on Tuesday, April 23rd. The credit-card processor reported $2.51 EPS for the quarter, topping analysts’ consensus estimates of $2.43 by $0.08. Visa had a net margin of 53.92% and a return on equity of 50.02%. The business had revenue of $8.78 billion for the quarter, compared to analyst estimates of $8.62 billion. During the same quarter in the previous year, the firm posted $2.09 earnings per share. The firm’s revenue for the quarter was up 9.9% on a year-over-year basis. Equities analysts anticipate that Visa Inc. will post 9.88 EPS for the current year.

Visa Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 1st. Investors of record on Friday, February 9th were given a dividend of $0.52 per share. The ex-dividend date of this dividend was Thursday, February 8th. This represents a $2.08 annualized dividend and a yield of 0.75%. Visa’s dividend payout ratio (DPR) is presently 23.94%.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the company. Mizuho restated a “neutral” rating and issued a $265.00 target price on shares of Visa in a research note on Wednesday, March 27th. Royal Bank of Canada boosted their target price on shares of Visa from $290.00 to $309.00 and gave the stock an “outperform” rating in a research note on Friday, January 26th. TD Cowen began coverage on shares of Visa in a research note on Thursday, April 11th. They set a “buy” rating and a $320.00 price target on the stock. Wells Fargo & Company boosted their price objective on shares of Visa from $300.00 to $325.00 and gave the stock an “overweight” rating in a research report on Wednesday, March 6th. Finally, Oppenheimer increased their price objective on Visa from $297.00 to $299.00 and gave the company an “outperform” rating in a research report on Wednesday. Five analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company. According to MarketBeat.com, Visa presently has an average rating of “Moderate Buy” and an average price target of $302.43.

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.