Rational Advisors LLC acquired a new stake in shares of Visa Inc. (NYSE:V - Free Report) during the 4th quarter, according to its most recent disclosure with the SEC. The fund acquired 2,981 shares of the credit-card processor's stock, valued at approximately $942,000.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Peterson Financial Group Inc. bought a new stake in shares of Visa in the 3rd quarter worth approximately $26,000. Decker Retirement Planning Inc. bought a new position in Visa during the 4th quarter valued at approximately $26,000. Reston Wealth Management LLC purchased a new position in Visa during the third quarter valued at $31,000. POM Investment Strategies LLC boosted its holdings in Visa by 48.5% in the fourth quarter. POM Investment Strategies LLC now owns 98 shares of the credit-card processor's stock worth $31,000 after acquiring an additional 32 shares in the last quarter. Finally, Modus Advisors LLC purchased a new stake in shares of Visa in the fourth quarter worth $32,000. Hedge funds and other institutional investors own 82.15% of the company's stock.
V opened at $354.95 on Thursday. The firm has a market cap of $659.42 billion, a P/E ratio of 35.78, a PEG ratio of 2.35 and a beta of 0.97. Visa Inc. has a 1-year low of $252.70 and a 1-year high of $357.15. The company has a 50 day simple moving average of $327.75 and a two-hundred day simple moving average of $301.05. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.12 and a quick ratio of 1.12.
Visa (NYSE:V - Get Free Report) last issued its quarterly earnings results on Thursday, January 30th. The credit-card processor reported $2.75 earnings per share (EPS) for the quarter, topping 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%. Equities analysts forecast that Visa Inc. will post 11.3 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, March 3rd. Investors 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 dividend on an annualized basis and a yield of 0.66%. Visa's dividend payout ratio is presently 23.79%.
A number of brokerages recently issued reports on V. Macquarie upped their price target on shares of Visa from $300.00 to $335.00 and gave the stock an "outperform" rating in a research note on Wednesday, October 30th. Oppenheimer increased their price target on shares of Visa from $375.00 to $390.00 and gave the company an "outperform" rating in a report on Friday, January 31st. Seaport Res Ptn upgraded shares of Visa from a "hold" rating to a "strong-buy" rating in a report on Tuesday, January 14th. Piper Sandler reiterated an "overweight" rating and set a $383.00 target price (up from $368.00) on shares of Visa in a research note on Friday, January 31st. Finally, Morgan Stanley boosted their price target on Visa from $326.00 to $371.00 and gave the stock an "overweight" rating in a research note on Wednesday, December 18th. Four research analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Visa has an average rating of "Moderate Buy" and an average price target of $354.73.
Check Out Our Latest Stock Analysis on V
In other Visa news, CAO Peter M. Andreski sold 2,332 shares of the business's stock in a transaction on Friday, February 7th. The shares were sold at an average price of $349.62, for a total value of $815,313.84. Following the sale, the chief accounting officer now owns 4,488 shares in the company, valued at $1,569,094.56. The trade was a 34.19 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Ryan Mcinerney sold 8,620 shares of the firm's stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $317.78, for a total value of $2,739,263.60. The disclosure for this sale can be found here. Insiders sold 58,056 shares of company stock worth $19,830,050 in the last three months. 0.13% of the stock is owned by company insiders.
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.
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