Arcus Capital Partners LLC Takes $935,000 Position in Visa Inc. (NYSE:V)

Arcus Capital Partners LLC acquired a new stake in Visa Inc. (NYSE:V) during the fourth quarter, Holdings Channel.com reports. The firm acquired 2,959 shares of the credit-card processor’s stock, valued at approximately $935,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Root Financial Partners LLC lifted its position in Visa by 69.1% in the fourth quarter. Root Financial Partners LLC now owns 2,748 shares of the credit-card processor’s stock valued at $869,000 after acquiring an additional 1,123 shares during the last quarter. Walkner Condon Financial Advisors LLC increased its position in shares of Visa by 3.2% during the fourth quarter. Walkner Condon Financial Advisors LLC now owns 1,419 shares of the credit-card processor’s stock worth $448,000 after purchasing an additional 44 shares in the last quarter. Family Capital Management Inc. lifted its holdings in shares of Visa by 11.0% in the 4th quarter. Family Capital Management Inc. now owns 2,172 shares of the credit-card processor’s stock valued at $686,000 after purchasing an additional 216 shares during the last quarter. Figure 8 Investment Strategies LLC acquired a new stake in shares of Visa in the 4th quarter valued at about $2,699,000. Finally, Vontobel Holding Ltd. grew its stake in Visa by 37.9% during the 4th quarter. Vontobel Holding Ltd. now owns 474,425 shares of the credit-card processor’s stock worth $149,937,000 after buying an additional 130,348 shares during the last quarter. 82.15% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Visa

In related news, insider Tullier Kelly Mahon sold 33,741 shares of the stock in a transaction dated Friday, February 7th. The shares were sold at an average price of $349.77, for a total value of $11,801,589.57. Following the sale, the insider now directly owns 36,566 shares of the company’s stock, valued at approximately $12,789,689.82. This represents a 47.99 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Paul D. Fabara sold 2,171 shares of the firm’s stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $307.97, for a total transaction of $668,602.87. Following the sale, the insider now directly owns 17,894 shares in the company, valued at $5,510,815.18. This represents a 10.82 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 58,056 shares of company stock valued at $19,830,050. Insiders own 0.13% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the company. Raymond James reissued an “outperform” rating and issued a $393.00 price objective (up from $374.00) on shares of Visa in a report on Friday, January 31st. Susquehanna upped their price target on shares of Visa from $375.00 to $395.00 and gave the company a “positive” rating in a research report on Friday, January 31st. Deutsche Bank Aktiengesellschaft upped their price target on shares of Visa from $300.00 to $340.00 and gave the company a “buy” rating in a research report on Wednesday, October 30th. Mizuho upped their price target on shares of Visa from $279.00 to $292.00 and gave the company a “neutral” rating in a research report on Friday, November 1st. Finally, Royal Bank of Canada upped their price target on shares of Visa from $311.00 to $322.00 and gave the company an “outperform” rating in a research report on Wednesday, October 30th. Four analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $354.73.

Visa Stock Performance

NYSE:V opened at $353.73 on Monday. The company has a quick ratio of 1.28, a current ratio of 1.12 and a debt-to-equity ratio of 0.45. Visa Inc. has a fifty-two week low of $252.70 and a fifty-two week high of $356.08. The stock has a market cap of $657.15 billion, a PE ratio of 35.66, a price-to-earnings-growth ratio of 2.32 and a beta of 0.97. The firm’s fifty day simple moving average is $325.14 and its 200-day simple moving average is $299.19.

Visa (NYSE:V) last issued its quarterly earnings data on Thursday, January 30th. The credit-card processor reported $2.75 EPS for the quarter, beating analysts’ consensus estimates of $2.66 by $0.09. Visa had a net margin of 54.27% and a return on equity of 54.79%. Analysts expect that Visa Inc. will post 11.27 earnings per share for the current fiscal year.

Visa Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 3rd. Investors of record on Tuesday, February 11th will be paid a $0.59 dividend. The ex-dividend date of this dividend is Tuesday, February 11th. This represents a $2.36 dividend on an annualized basis and a yield of 0.67%. Visa’s payout ratio is 23.79%.

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.