Mountain Pacific Investment Advisers Inc. ID Buys 688 Shares of Visa Inc. (NYSE:V)

Mountain Pacific Investment Advisers Inc. ID increased its holdings in Visa Inc. (NYSE:V) by 17.4% in the fourth quarter, Holdings Channel.com reports. The firm owned 4,641 shares of the credit-card processor’s stock after acquiring an additional 688 shares during the period. Mountain Pacific Investment Advisers Inc. ID’s holdings in Visa were worth $1,208,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in V. Altshuler Shaham Ltd purchased a new stake in Visa during the 3rd quarter valued at $25,000. O Brien Wealth Partners LLC purchased a new stake in Visa during the 4th quarter valued at $32,000. Valued Wealth Advisors LLC purchased a new stake in Visa during the 4th quarter valued at $37,000. Macroview Investment Management LLC boosted its position 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 buying an additional 265 shares during the period. Finally, Life Planning Partners Inc purchased a new stake in Visa during the 4th quarter valued at $71,000. Hedge funds and other institutional investors own 82.15% of the company’s stock.

Insider Buying and Selling

In other Visa news, Director Lloyd Carney sold 909 shares of the company’s stock in a transaction that occurred on Friday, April 26th. The shares were sold at an average price of $275.55, for a total value of $250,474.95. Following the completion of the transaction, the director now directly owns 2,591 shares in the company, valued at $713,950.05. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other Visa news, CEO Ryan Mcinerney sold 8,150 shares of the company’s stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $273.39, for a total value of $2,228,128.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Lloyd Carney sold 909 shares of the business’s stock in a transaction on Friday, April 26th. The stock was sold at an average price of $275.55, for a total transaction of $250,474.95. Following the completion of the transaction, the director now directly owns 2,591 shares in the company, valued at approximately $713,950.05. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 19,874 shares of company stock valued at $5,506,827. 0.19% of the stock is owned by insiders.

Visa Stock Performance

Shares of NYSE V traded down $0.64 during trading on Friday, reaching $274.52. 6,840,615 shares of the company traded hands, compared to its average volume of 6,528,673. The firm has a 50 day simple moving average of $279.24 and a 200-day simple moving average of $264.33. The company has a quick ratio of 1.45, a current ratio of 1.40 and a debt-to-equity ratio of 0.53. The stock has a market capitalization of $504.16 billion, a PE ratio of 30.67, a P/E/G ratio of 1.89 and a beta of 0.96. Visa Inc. has a 52-week low of $216.14 and a 52-week high of $290.96.

Visa (NYSE:V) last posted its quarterly earnings data on Tuesday, April 23rd. The credit-card processor reported $2.51 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.43 by $0.08. The company 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 51.23%. The firm’s revenue was up 9.9% compared to the same quarter last year. During the same quarter last year, the firm posted $2.09 earnings per share. Equities research analysts anticipate that Visa Inc. will post 9.89 earnings per share for the current year.

Visa Dividend Announcement

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

Analyst Ratings Changes

Several equities research analysts have recently commented on V shares. TD Cowen started coverage on shares of Visa in a research report on Thursday, April 11th. They issued a “buy” rating and a $320.00 target price for the company. KeyCorp raised their target price on shares of Visa from $275.00 to $300.00 and gave the stock an “overweight” rating in a research report on Monday, January 8th. Mizuho reaffirmed a “neutral” rating and issued a $265.00 target price on shares of Visa in a research report on Wednesday, March 27th. Oppenheimer increased their price target on shares of Visa from $297.00 to $299.00 and gave the stock an “outperform” rating in a research note on Wednesday. Finally, 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. Five investment analysts have rated the stock with a hold rating and twenty have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Visa currently has a consensus rating of “Moderate Buy” and an average price target of $302.58.

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.