Coldstream Capital Management Inc. Raises Position in Visa Inc. (NYSE:V)

Coldstream Capital Management Inc. increased its holdings in shares of Visa Inc. (NYSE:V) by 4.2% during the 4th quarter, Holdings Channel reports. The institutional investor owned 58,858 shares of the credit-card processor’s stock after purchasing an additional 2,396 shares during the period. Coldstream Capital Management Inc.’s holdings in Visa were worth $18,601,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Howard Capital Management Group LLC increased its holdings in shares of Visa by 0.6% during the third quarter. Howard Capital Management Group LLC now owns 106,355 shares of the credit-card processor’s stock valued at $29,242,000 after acquiring an additional 610 shares in the last quarter. Principal Financial Group Inc. increased its stake in Visa by 7.7% during 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 purchasing an additional 411,210 shares in the last quarter. Morse Asset Management Inc purchased a new position in shares of Visa in the third quarter worth $69,000. Passumpsic Savings Bank lifted its stake in shares of Visa by 2.0% during the third quarter. Passumpsic Savings Bank now owns 9,137 shares of the credit-card processor’s stock worth $2,512,000 after buying an additional 179 shares during the period. Finally, Virtu Financial LLC grew its holdings in shares of Visa by 101.5% during the third quarter. Virtu Financial LLC now owns 44,984 shares of the credit-card processor’s stock valued at $12,368,000 after buying an additional 22,658 shares during the last quarter. 82.15% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Visa

In other Visa news, insider Paul D. Fabara sold 39,350 shares of the company’s stock in a transaction on Friday, March 14th. The stock was sold at an average price of $327.20, for a total value of $12,875,320.00. Following the completion of the sale, the insider now directly owns 26,413 shares in the company, valued at $8,642,333.60. This represents a 59.84 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Tullier Kelly Mahon sold 33,741 shares of the firm’s stock in a transaction on Friday, February 7th. The stock was sold at an average price of $349.77, for a total value of $11,801,589.57. Following the completion of the sale, the insider now directly owns 36,566 shares of the company’s stock, valued at $12,789,689.82. This trade represents a 47.99 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 143,205 shares of company stock valued at $48,842,490. 0.13% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of analysts have commented on V shares. Raymond James reaffirmed an “outperform” rating and set a $393.00 price target (up previously from $374.00) on shares of Visa in a research report on Friday, January 31st. Seaport Res Ptn upgraded Visa from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, January 14th. StockNews.com downgraded shares of Visa from a “buy” rating to a “hold” rating in a report on Wednesday, April 16th. UBS Group lifted their price objective on shares of Visa from $350.00 to $400.00 and gave the company a “buy” rating in a research note on Friday, January 31st. Finally, The Goldman Sachs Group raised their target price on shares of Visa from $346.00 to $384.00 and gave the stock a “buy” rating in a report on Friday, January 31st. Seven investment analysts have rated the stock with a hold rating, twenty have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $358.17.

Visa Stock Performance

V opened at $335.50 on Friday. The company has a market cap of $623.28 billion, a price-to-earnings ratio of 33.82, a PEG ratio of 2.33 and a beta of 0.94. The firm’s fifty day simple moving average is $338.42 and its two-hundred day simple moving average is $322.35. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.45. Visa Inc. has a 52-week low of $252.70 and a 52-week high of $366.54.

Visa (NYSE:V) last issued its quarterly earnings results on Thursday, January 30th. The credit-card processor reported $2.75 earnings per share 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%. Equities analysts anticipate that Visa Inc. will post 11.3 earnings per share for the current fiscal year.

Visa Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Tuesday, February 11th were given a dividend of $0.59 per share. This represents a $2.36 annualized dividend and a dividend yield of 0.70%. The ex-dividend date of this dividend was Tuesday, February 11th. 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.