Kendall Capital Management Takes Position in Visa Inc. (NYSE:V)

Kendall Capital Management acquired a new stake in shares of Visa Inc. (NYSE:V) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 776 shares of the credit-card processor’s stock, valued at approximately $202,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Investment Advisory Services Inc. TX ADV increased its position in Visa by 2.0% in the third quarter. Investment Advisory Services Inc. TX ADV now owns 3,930 shares of the credit-card processor’s stock worth $904,000 after purchasing an additional 78 shares during the last quarter. Towerpoint Wealth LLC bought a new stake in Visa in the fourth quarter worth $216,000. Wayfinding Financial LLC increased its position in Visa by 10.1% in the third quarter. Wayfinding Financial LLC now owns 1,757 shares of the credit-card processor’s stock worth $406,000 after purchasing an additional 161 shares during the last quarter. Richelieu Gestion SA purchased a new position in Visa during the fourth quarter worth $307,000. Finally, Cooper Financial Group boosted its stake in Visa by 6.4% during the fourth quarter. Cooper Financial Group now owns 7,926 shares of the credit-card processor’s stock worth $2,064,000 after buying an additional 476 shares during the period. Institutional investors own 82.15% of the company’s stock.

Insider Activity

In related news, insider Rajat Taneja sold 36,546 shares of the stock in a transaction on Friday, January 19th. The stock was sold at an average price of $270.20, for a total value of $9,874,729.20. Following the completion of the transaction, the insider now directly owns 232,112 shares of the company’s stock, valued at approximately $62,716,662.40. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, CEO Ryan Mcinerney sold 8,150 shares of the stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $273.39, for a total value of $2,228,128.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Rajat Taneja sold 36,546 shares of the stock in a transaction on Friday, January 19th. The shares were sold at an average price of $270.20, for a total value of $9,874,729.20. Following the completion of the transaction, the insider now directly owns 232,112 shares of the company’s stock, valued at $62,716,662.40. The disclosure for this sale can be found here. Insiders have sold 55,511 shares of company stock worth $15,131,081 in the last quarter. Corporate insiders own 0.19% of the company’s stock.

Visa Trading Up 0.1 %

Visa stock opened at $275.96 on Friday. The company has a current ratio of 1.45, a quick ratio of 1.45 and a debt-to-equity ratio of 0.54. Visa Inc. has a 12 month low of $216.14 and a 12 month high of $290.96. The stock’s 50 day simple moving average is $280.13 and its two-hundred day simple moving average is $261.47. The firm has a market cap of $506.80 billion, a PE ratio of 31.76, a P/E/G ratio of 1.90 and a beta of 0.96.

Visa (NYSE:V) last released its quarterly earnings data on Thursday, January 25th. The credit-card processor reported $2.41 EPS for the quarter, topping the consensus estimate of $2.34 by $0.07. Visa had a return on equity of 50.02% and a net margin of 53.92%. The business had revenue of $8.63 billion for the quarter, compared to analyst estimates of $8.55 billion. During the same quarter in the prior year, the firm posted $2.18 EPS. The business’s quarterly revenue was up 9.3% compared to the same quarter last year. Analysts anticipate that Visa Inc. will post 9.89 earnings per share for the current year.

Visa Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, March 1st. Stockholders of record on Friday, February 9th were given a dividend of $0.52 per share. The ex-dividend date was Thursday, February 8th. This represents a $2.08 dividend on an annualized basis and a dividend yield of 0.75%. Visa’s dividend payout ratio (DPR) is 23.94%.

Analyst Upgrades and Downgrades

Several research analysts have commented on the stock. Mizuho reaffirmed a “neutral” rating and set a $265.00 price objective on shares of Visa in a research note on Wednesday, March 27th. Barclays lifted their price objective on shares of Visa from $304.00 to $319.00 and gave the stock an “overweight” rating in a research note on Monday, January 29th. Keefe, Bruyette & Woods lifted their price objective on shares of Visa from $305.00 to $315.00 and gave the stock an “outperform” rating in a research note on Friday, January 26th. Wells Fargo & Company lifted their price objective on shares of Visa from $300.00 to $325.00 and gave the stock an “overweight” rating in a research note on Wednesday, March 6th. Finally, Monness Crespi & Hardt initiated coverage on shares of Visa in a research note on Wednesday, December 20th. They set a “neutral” rating for the company. Five analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $296.87.

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.