Fielder Capital Group LLC Acquires Shares of 3,224 Visa Inc. (NYSE:V)

Fielder Capital Group LLC acquired a new stake in Visa Inc. (NYSE:V) during the fourth quarter, HoldingsChannel reports. The firm acquired 3,224 shares of the credit-card processor’s stock, valued at approximately $839,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Altshuler Shaham Ltd purchased a new stake in shares of Visa during the 3rd quarter worth approximately $25,000. O Brien Wealth Partners LLC acquired a new stake in Visa during the 4th quarter worth $32,000. Valued Wealth Advisors LLC purchased a new stake in Visa in the fourth quarter valued at $37,000. Stuart Chaussee & Associates Inc. boosted its stake in Visa by 66.2% in the fourth quarter. Stuart Chaussee & Associates Inc. now owns 236 shares of the credit-card processor’s stock valued at $61,000 after acquiring an additional 94 shares in the last quarter. Finally, Macroview Investment Management LLC grew its holdings in shares of Visa by 1,019.2% during the third quarter. Macroview Investment Management LLC now owns 291 shares of the credit-card processor’s stock worth $67,000 after purchasing an additional 265 shares during the last quarter. Institutional investors and hedge funds own 82.15% of the company’s stock.

Visa Price Performance

Shares of NYSE V traded up $3.79 during trading on Tuesday, hitting $276.46. 6,363,660 shares of the company were exchanged, compared to its average volume of 5,886,919. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.40 and a quick ratio of 1.40. Visa Inc. has a 1 year low of $216.14 and a 1 year high of $290.96. The company has a market cap of $505.63 billion, a price-to-earnings ratio of 30.71, a PEG ratio of 1.84 and a beta of 0.95. The firm’s fifty day moving average price is $277.94 and its 200 day moving average price is $266.06.

Visa (NYSE:V) last released 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 53.87% and a return on equity of 51.23%. The firm had revenue of $8.78 billion for the quarter, compared to the consensus estimate of $8.62 billion. During the same quarter in the previous year, the firm earned $2.09 earnings per share. The firm’s revenue was up 9.9% on a year-over-year basis. On average, sell-side analysts expect that Visa Inc. will post 9.94 earnings per share for the current fiscal year.

Visa Dividend Announcement

The company also recently declared 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 0.75%. The ex-dividend date is Thursday, May 16th. Visa’s dividend payout ratio is currently 23.24%.

Insider Activity at Visa

In other news, Director Lloyd Carney sold 909 shares of Visa 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 owns 2,591 shares of the company’s stock, valued at approximately $713,950.05. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other Visa news, Director Lloyd Carney sold 909 shares of the company’s stock in a transaction dated Friday, April 26th. The shares were sold at an average price of $275.55, for a total value of $250,474.95. Following the sale, the director now owns 2,591 shares of the company’s stock, valued at $713,950.05. The sale 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 the firm’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 transaction, the chief accounting officer now directly owns 4,898 shares of the company’s stock, valued at $1,365,954.24. The disclosure for this sale can be found here. Insiders sold 11,724 shares of company stock valued at $3,278,698 in the last ninety days. Corporate insiders own 0.19% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently issued reports on V. Raymond James upped their target price on Visa from $287.00 to $311.00 and gave the company an “outperform” rating in a research report on Friday, January 26th. Macquarie lifted their target price on shares of Visa from $290.00 to $300.00 and gave the company an “outperform” rating in a report on Wednesday, April 24th. William Blair reiterated an “outperform” rating on shares of Visa in a research report on Wednesday, April 24th. Mizuho raised their price objective on shares of Visa from $265.00 to $275.00 and gave the stock a “neutral” rating in a research report on Thursday, May 2nd. Finally, Keefe, Bruyette & Woods upped their target price on shares of Visa from $305.00 to $315.00 and gave the company an “outperform” rating in a report on Friday, January 26th. Five analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $303.00.

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.