Visa Inc. (NYSE:V) Stock Position Decreased by WBH Advisory Inc.

WBH Advisory Inc. cut its position in shares of Visa Inc. (NYSE:VFree Report) by 1.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,349 shares of the credit-card processor’s stock after selling 56 shares during the period. WBH Advisory Inc.’s holdings in Visa were worth $1,393,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in V. BCK Partners Inc. purchased a new stake in shares of Visa during the 1st quarter worth about $2,717,000. Markel Corp raised its stake in shares of Visa by 0.3% in the 1st quarter. Markel Corp now owns 961,105 shares of the credit-card processor’s stock valued at $213,144,000 after acquiring an additional 3,065 shares in the last quarter. AMI Investment Management Inc. bought a new position in shares of Visa in the 1st quarter valued at approximately $2,323,000. Ergoteles LLC bought a new position in shares of Visa in the 1st quarter valued at approximately $538,000. Finally, XTX Topco Ltd bought a new position in shares of Visa in the 1st quarter valued at approximately $1,496,000. 81.35% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

V has been the topic of a number of recent analyst reports. Jefferies Financial Group raised their price objective on Visa from $280.00 to $295.00 and gave the company a “buy” rating in a research note on Tuesday, December 12th. Keefe, Bruyette & Woods raised their price objective on Visa from $305.00 to $315.00 and gave the company an “outperform” rating in a research note on Friday, January 26th. Barclays raised their target price on Visa from $304.00 to $319.00 and gave the company an “overweight” rating in a report on Monday, January 29th. Wells Fargo & Company raised their target price on Visa from $300.00 to $325.00 and gave the company an “overweight” rating in a report on Wednesday, March 6th. Finally, Wedbush raised their target price on Visa from $270.00 to $280.00 and gave the company an “outperform” rating in a report on Friday, January 26th. Four research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $293.30.

Get Our Latest Research Report on V

Insider Activity at Visa

In related news, CAO Peter M. Andreski sold 2,615 shares of Visa stock in a transaction dated Wednesday, February 7th. The stock was sold at an average price of $278.88, for a total value of $729,271.20. Following the completion of the sale, the chief accounting officer now directly 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 through the SEC website. In related news, CAO Peter M. Andreski sold 2,615 shares of Visa stock in a transaction dated Wednesday, February 7th. The stock was sold at an average price of $278.88, for a total value of $729,271.20. Following the completion of the sale, the chief accounting officer now directly 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 through the SEC website. Also, CEO Ryan Mcinerney sold 8,150 shares of Visa stock in a transaction dated 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 sold 47,311 shares of company stock valued at $12,832,129 over the last ninety days. 0.19% of the stock is owned by insiders.

Visa Stock Down 1.2 %

Shares of NYSE V opened at $283.04 on Friday. The stock has a market cap of $519.81 billion, a PE ratio of 32.57, a PEG ratio of 1.97 and a beta of 0.96. The business has a fifty day moving average of $275.87 and a two-hundred day moving average of $256.54. Visa Inc. has a 52-week low of $208.76 and a 52-week high of $289.04. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.45 and a current ratio of 1.45.

Visa (NYSE:VGet Free Report) last issued its quarterly earnings data on Thursday, January 25th. The credit-card processor reported $2.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.34 by $0.07. The company had revenue of $8.63 billion during the quarter, compared to analysts’ expectations of $8.55 billion. Visa had a return on equity of 50.02% and a net margin of 53.92%. The business’s revenue was up 9.3% on a year-over-year basis. During the same period last year, the business earned $2.18 earnings per share. As a group, equities research analysts expect that Visa Inc. will post 9.9 earnings per share for the current fiscal year.

Visa Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 1st. Investors of record on Friday, February 9th were issued a $0.52 dividend. The ex-dividend date was Thursday, February 8th. This represents a $2.08 dividend on an annualized basis and a dividend yield of 0.73%. Visa’s dividend payout ratio is 23.94%.

Visa Company Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Visa (NYSE:V)

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