700 Shares in Visa Inc. (NYSE:V) Acquired by Prakash Investment Advisors LLC

Prakash Investment Advisors LLC acquired a new position in shares of Visa Inc. (NYSE:V) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 700 shares of the credit-card processor’s stock, valued at approximately $221,000.

Other institutional investors have also added to or reduced their stakes in the company. Mattern Capital Management LLC increased its position in Visa by 4.5% in the 4th quarter. Mattern Capital Management LLC now owns 26,072 shares of the credit-card processor’s stock valued at $8,240,000 after acquiring an additional 1,118 shares during the period. Dash Acquisitions Inc. increased its position in Visa by 2.5% in the 4th quarter. Dash Acquisitions Inc. now owns 76,988 shares of the credit-card processor’s stock valued at $25,751,000 after acquiring an additional 1,904 shares during the period. Zullo Investment Group Inc. increased its position in Visa by 0.5% in the 4th quarter. Zullo Investment Group Inc. now owns 7,263 shares of the credit-card processor’s stock valued at $2,296,000 after acquiring an additional 39 shares during the period. First Bank & Trust increased its position in Visa by 8.9% in the 4th quarter. First Bank & Trust now owns 3,961 shares of the credit-card processor’s stock valued at $1,252,000 after acquiring an additional 324 shares during the period. Finally, Jordan Park Group LLC increased its position in Visa by 17.7% in the 4th quarter. Jordan Park Group LLC now owns 1,110 shares of the credit-card processor’s stock valued at $351,000 after acquiring an additional 167 shares during the period. 82.15% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, General Counsel Julie B. Rottenberg sold 2,572 shares of the firm’s stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $340.00, for a total transaction of $874,480.00. Following the completion of the sale, the general counsel now owns 11,925 shares in the company, valued at approximately $4,054,500. This trade represents a 17.74 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Ryan Mcinerney sold 8,620 shares of the firm’s stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $317.78, for a total transaction of $2,739,263.60. The disclosure for this sale can be found here. Insiders sold a total of 55,885 shares of company stock worth $19,161,447 over the last quarter. Insiders own 0.13% of the company’s stock.

Visa Stock Down 0.6 %

Visa stock opened at $348.27 on Friday. Visa Inc. has a 1-year low of $252.70 and a 1-year high of $357.15. The firm has a market capitalization of $647.01 billion, a price-to-earnings ratio of 35.11, a price-to-earnings-growth ratio of 2.33 and a beta of 0.97. The firm’s fifty day moving average price is $329.14 and its two-hundred day moving average price is $302.34. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.45.

Visa (NYSE:V) last released its quarterly earnings data 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%. On average, equities research analysts predict that Visa Inc. will post 11.3 earnings per share for the current fiscal year.

Visa Announces Dividend

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

Analyst Ratings Changes

Several brokerages have issued reports on V. JPMorgan Chase & Co. upped their price target on shares of Visa from $340.00 to $375.00 and gave the company an “overweight” rating in a research report on Friday, January 31st. Barclays increased their price objective on shares of Visa from $361.00 to $396.00 and gave the stock an “overweight” rating in a research report on Monday, February 3rd. Bank of America increased their price objective on shares of Visa from $331.00 to $363.00 and gave the stock a “neutral” rating in a research report on Friday, January 31st. Morgan Stanley increased their price objective on shares of Visa from $326.00 to $371.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 18th. Finally, Citigroup reiterated a “neutral” rating on shares of Visa in a research report on Thursday, February 13th. Six investment analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $353.96.

Visa Company 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.