Cedrus LLC Raises Position in Visa Inc. (NYSE:V)

Cedrus LLC raised its holdings in shares of Visa Inc. (NYSE:V) by 10.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,010 shares of the credit-card processor’s stock after acquiring an additional 184 shares during the quarter. Cedrus LLC’s holdings in Visa were worth $523,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also modified their holdings of V. Financial Counselors Inc. lifted its stake in shares of Visa by 1.5% during the 4th quarter. Financial Counselors Inc. now owns 230,296 shares of the credit-card processor’s stock valued at $59,957,000 after buying an additional 3,395 shares in the last quarter. Hendley & Co. Inc. lifted its stake in shares of Visa by 8.1% during the 4th quarter. Hendley & Co. Inc. now owns 67,779 shares of the credit-card processor’s stock valued at $17,646,000 after buying an additional 5,098 shares in the last quarter. Harbor Investment Advisory LLC lifted its stake in shares of Visa by 0.6% during the 4th quarter. Harbor Investment Advisory LLC now owns 39,474 shares of the credit-card processor’s stock valued at $10,277,000 after buying an additional 254 shares in the last quarter. GHP Investment Advisors Inc. lifted its stake in shares of Visa by 2.4% during the 4th quarter. GHP Investment Advisors Inc. now owns 31,607 shares of the credit-card processor’s stock valued at $8,229,000 after buying an additional 749 shares in the last quarter. Finally, Custom Index Systems LLC purchased a new position in shares of Visa during the 4th quarter valued at $475,000. Hedge funds and other institutional investors own 82.15% of the company’s stock.

Insider Buying and Selling at Visa

In other Visa 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 completion of the sale, 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 is available through this link. In other news, insider Rajat Taneja sold 36,546 shares of the company’s stock in a transaction that occurred 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 sale, the insider now owns 232,112 shares of the company’s stock, valued at approximately $62,716,662.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Ryan Mcinerney sold 8,150 shares of the company’s stock in a transaction that occurred on 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. Insiders sold a total of 55,511 shares of company stock valued at $15,131,081 in the last three months. Company insiders own 0.19% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have issued reports on V. Royal Bank of Canada lifted their price target on shares of Visa from $290.00 to $309.00 and gave the company an “outperform” rating in a report on Friday, January 26th. Redburn Atlantic reiterated a “neutral” rating and issued a $307.00 price target on shares of Visa in a report on Wednesday, March 27th. Barclays lifted their price target on shares of Visa from $304.00 to $319.00 and gave the company an “overweight” rating in a report on Monday, January 29th. Susquehanna lifted their price target on shares of Visa from $300.00 to $326.00 and gave the company a “positive” rating in a report on Friday, January 26th. Finally, Monness Crespi & Hardt began coverage on shares of Visa in a report on Wednesday, December 20th. They issued a “neutral” rating on the stock. Five research analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, Visa presently has an average rating of “Moderate Buy” and a consensus price target of $296.87.

Visa Price Performance

V stock opened at $275.96 on Friday. Visa Inc. has a 12 month low of $216.14 and a 12 month high of $290.96. The company has a current ratio of 1.45, a quick ratio of 1.45 and a debt-to-equity ratio of 0.54. The company has a 50-day moving average price of $280.13 and a 200 day moving average price of $261.69. The stock has a market cap of $506.80 billion, a PE ratio of 31.76, a P/E/G ratio of 1.91 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 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.34 by $0.07. The company had revenue of $8.63 billion during the quarter, compared to analysts’ expectations of $8.55 billion. Visa had a net margin of 53.92% and a return on equity of 50.02%. The firm’s quarterly revenue was up 9.3% on a year-over-year basis. During the same period in the previous year, the company earned $2.18 EPS. Equities research analysts anticipate that Visa Inc. will post 9.89 earnings per share for the current year.

Visa Dividend Announcement

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

About Visa

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.