Disciplined Equity Management Inc. Makes New Investment in Visa Inc. (NYSE:V)

Disciplined Equity Management Inc. bought a new position in Visa Inc. (NYSE:V) in the 4th quarter, Holdings Channel.com reports. The fund bought 335 shares of the credit-card processor’s stock, valued at approximately $87,000.

Other large investors also recently added to or reduced their stakes in the company. Altshuler Shaham Ltd bought a new stake in shares of Visa during the 3rd quarter worth $25,000. O Brien Wealth Partners LLC bought a new stake in shares of Visa during the 4th quarter worth $32,000. Nalls Sherbakoff Group LLC raised its stake in Visa by 545.5% during the 3rd 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. Valued Wealth Advisors LLC acquired a new position in Visa during the 4th quarter valued at $37,000. Finally, Macroview Investment Management LLC raised its stake in Visa by 1,019.2% during the 3rd quarter. Macroview Investment Management LLC now owns 291 shares of the credit-card processor’s stock valued at $67,000 after purchasing an additional 265 shares during the last quarter. 82.15% of the stock is owned by institutional investors.

Insider Buying and Selling at Visa

In other Visa news, CEO Ryan Mcinerney sold 8,150 shares of the business’s stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $273.39, for a total transaction of $2,228,128.50. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In other news, CAO Peter M. Andreski sold 2,615 shares of the business’s 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 completion of the sale, the chief accounting officer now owns 4,898 shares in the company, valued at $1,365,954.24. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Ryan Mcinerney sold 8,150 shares of the business’s stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $273.39, for a total value of $2,228,128.50. The disclosure for this sale can be found here. Insiders have sold 18,965 shares of company stock valued at $5,256,352 in the last 90 days. 0.19% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on V. Keefe, Bruyette & Woods increased their price objective on shares of Visa from $305.00 to $315.00 and gave the company an “outperform” rating in a research note on Friday, January 26th. Barclays increased their price objective on shares of Visa from $304.00 to $319.00 and gave the company an “overweight” rating in a research note on Monday, January 29th. Wedbush increased their price objective on shares of Visa from $280.00 to $300.00 and gave the company an “outperform” rating in a research note on Wednesday. Macquarie increased their price objective on shares of Visa from $290.00 to $300.00 and gave the company an “outperform” rating in a research note on Wednesday. Finally, Oppenheimer increased their price objective on shares of Visa from $297.00 to $299.00 and gave the company an “outperform” rating in a research note on Wednesday. Five analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Visa has a consensus rating of “Moderate Buy” and a consensus price target of $302.58.

Visa Trading Up 0.1 %

Shares of NYSE:V traded up $0.29 during mid-day trading on Thursday, reaching $275.31. The stock had a trading volume of 3,517,171 shares, compared to its average volume of 5,882,609. The firm has a market cap of $505.61 billion, a PE ratio of 30.80, a price-to-earnings-growth ratio of 1.89 and a beta of 0.96. The firm has a 50 day simple moving average of $279.44 and a two-hundred day simple moving average of $263.97. 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 twelve month low of $216.14 and a twelve month high of $290.96.

Visa (NYSE:V) last announced its quarterly earnings results on Tuesday, April 23rd. The credit-card processor reported $2.51 earnings per share for the quarter, beating analysts’ consensus estimates of $2.43 by $0.08. The business had revenue of $8.78 billion for the quarter, compared to the consensus estimate of $8.62 billion. Visa had a net margin of 53.87% and a return on equity of 51.72%. Visa’s revenue for the quarter was up 9.9% on a year-over-year basis. During the same period last year, the company posted $2.09 EPS. On average, research analysts predict that Visa Inc. will post 9.88 EPS for the current fiscal year.

Visa Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, June 3rd. Shareholders of record on Friday, May 17th will be paid a $0.52 dividend. This represents a $2.08 annualized dividend and a dividend yield of 0.76%. The ex-dividend date is Thursday, May 16th. Visa’s dividend payout ratio is 23.24%.

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.