Coordinated Financial Services Inc. Invests $1.39 Million in Visa Inc. (NYSE:V)

Coordinated Financial Services Inc. purchased a new position in Visa Inc. (NYSE:V) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 4,384 shares of the credit-card processor’s stock, valued at approximately $1,385,000. Visa comprises approximately 1.1% of Coordinated Financial Services Inc.’s portfolio, making the stock its 23rd largest position.

A number of other institutional investors have also recently made changes to their positions in the company. Swedbank AB grew its holdings in Visa by 10.7% in the 3rd quarter. Swedbank AB now owns 2,059,111 shares of the credit-card processor’s stock valued at $566,153,000 after buying an additional 199,440 shares in the last quarter. Howard Capital Management Group LLC grew its holdings in Visa by 0.6% in the 3rd quarter. Howard Capital Management Group LLC now owns 106,355 shares of the credit-card processor’s stock valued at $29,242,000 after buying an additional 610 shares in the last quarter. Pettinga Financial Advisors LLC purchased a new stake in Visa in the 3rd quarter valued at $228,000. Principal Financial Group Inc. grew its holdings in Visa by 7.7% in the 3rd quarter. Principal Financial Group Inc. now owns 5,733,284 shares of the credit-card processor’s stock valued at $1,576,366,000 after buying an additional 411,210 shares in the last quarter. Finally, Verity Asset Management Inc. grew its holdings in Visa by 32.9% in the 3rd quarter. Verity Asset Management Inc. now owns 2,482 shares of the credit-card processor’s stock valued at $683,000 after buying an additional 615 shares in the last quarter. 82.15% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on V. Morgan Stanley upped their price target on Visa from $326.00 to $371.00 and gave the company an “overweight” rating in a research note on Wednesday, December 18th. Raymond James reaffirmed an “outperform” rating and issued a $393.00 price target (up previously from $374.00) on shares of Visa in a research note on Friday, January 31st. Keefe, Bruyette & Woods reaffirmed a “hold” rating on shares of Visa in a research note on Thursday, February 13th. Bank of America upped their price target on Visa from $331.00 to $363.00 and gave the company a “neutral” rating in a research note on Friday, January 31st. Finally, Susquehanna upped their price target on Visa from $395.00 to $410.00 and gave the company a “positive” rating in a research note on Friday, February 21st. Six investment analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $353.96.

Visa Price Performance

V stock opened at $345.79 on Friday. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.12 and a quick ratio of 1.12. The firm has a market capitalization of $642.41 billion, a P/E ratio of 34.86, a P/E/G ratio of 2.33 and a beta of 0.95. The business’s 50-day moving average is $336.18 and its two-hundred day moving average is $308.63. Visa Inc. has a 1 year low of $252.70 and a 1 year high of $366.54.

Visa (NYSE:V) last released 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 return on equity of 54.79% and a net margin of 54.27%. Analysts anticipate that Visa Inc. will post 11.3 earnings per share for the current fiscal year.

Visa Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Tuesday, February 11th were issued a $0.59 dividend. The ex-dividend date was Tuesday, February 11th. This represents a $2.36 dividend on an annualized basis and a dividend yield of 0.68%. Visa’s payout ratio is currently 23.79%.

Insider Activity

In related news, insider Tullier Kelly Mahon sold 33,741 shares of the firm’s stock in a transaction that occurred on Friday, February 7th. The stock was sold at an average price of $349.77, for a total transaction of $11,801,589.57. Following the transaction, the insider now owns 36,566 shares in the company, valued at $12,789,689.82. This trade represents a 47.99 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Ryan Mcinerney sold 8,620 shares of the firm’s stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $363.00, for a total value of $3,129,060.00. Following the transaction, the chief executive officer now owns 537 shares in the company, valued at $194,931. This represents a 94.14 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 64,505 shares of company stock worth $22,290,507. 0.13% of the stock is currently owned by insiders.

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.