Visa Inc. (NYSE:V) is Hendley & Co. Inc.’s 3rd Largest Position

Hendley & Co. Inc. raised its position in Visa Inc. (NYSE:V) by 8.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 67,779 shares of the credit-card processor’s stock after acquiring an additional 5,098 shares during the quarter. Visa makes up about 6.9% of Hendley & Co. Inc.’s holdings, making the stock its 3rd biggest holding. Hendley & Co. Inc.’s holdings in Visa were worth $17,646,000 at the end of the most recent reporting period.

Other institutional investors also recently added to or reduced their stakes in the company. Investment Advisory Services Inc. TX ADV lifted its stake 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 acquiring an additional 78 shares during the last quarter. Towerpoint Wealth LLC acquired a new stake in Visa during the fourth quarter worth approximately $216,000. Wayfinding Financial LLC raised its holdings in Visa by 10.1% during 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 in the last quarter. Richelieu Gestion SA acquired a new stake in Visa during the fourth quarter worth approximately $307,000. Finally, Cooper Financial Group raised its holdings 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 purchasing an additional 476 shares in the last quarter. Hedge funds and other institutional investors own 82.15% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on V shares. Royal Bank of Canada raised their price objective on shares of Visa from $290.00 to $309.00 and gave the stock an “outperform” rating in a report on Friday, January 26th. Monness Crespi & Hardt started coverage on shares of Visa in a report on Wednesday, December 20th. They set a “neutral” rating on the stock. Evercore ISI raised their price objective on shares of Visa from $325.00 to $335.00 and gave the stock an “outperform” rating in a report on Tuesday, March 26th. William Blair reaffirmed an “outperform” rating on shares of Visa in a report on Friday, January 26th. Finally, Wedbush lifted their target price on shares of Visa from $270.00 to $280.00 and gave the company an “outperform” rating in a report on Friday, January 26th. Five equities research analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company. According to MarketBeat.com, Visa presently has a consensus rating of “Moderate Buy” and an average target price of $296.87.

Visa Price Performance

Shares of NYSE V opened at $275.96 on Friday. The firm has a market capitalization of $506.80 billion, a P/E ratio of 31.76, a PEG ratio of 1.90 and a beta of 0.96. Visa Inc. has a one year low of $216.14 and a one year high of $290.96. The company’s fifty day moving average is $280.13 and its two-hundred day moving average is $261.47. 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:V) last issued its earnings results 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. The company had revenue of $8.63 billion for the quarter, compared to analyst estimates of $8.55 billion. Visa had a net margin of 53.92% and a return on equity of 50.02%. The business’s revenue was up 9.3% on a year-over-year basis. During the same period in the previous year, the firm earned $2.18 EPS. Analysts forecast that Visa Inc. will post 9.89 EPS for the current fiscal year.

Visa Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, March 1st. Shareholders 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 annualized dividend and a dividend yield of 0.75%. Visa’s payout ratio is currently 23.94%.

Insiders Place Their Bets

In related news, insider Rajat Taneja sold 36,546 shares of the business’s stock in a transaction dated 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 sale, the insider now directly owns 232,112 shares in the company, valued at approximately $62,716,662.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In related news, insider Rajat Taneja sold 36,546 shares of the business’s stock in a transaction dated 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 sale, the insider now directly owns 232,112 shares in the company, valued at approximately $62,716,662.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Ryan Mcinerney sold 8,150 shares of the business’s stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $273.39, for a total transaction of $2,228,128.50. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 55,511 shares of company stock worth $15,131,081. Corporate insiders own 0.19% of the company’s stock.

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.