Mayport LLC Invests $226,000 in Visa Inc. (NYSE:V)

Mayport LLC purchased a new position in shares of Visa Inc. (NYSE:V) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 867 shares of the credit-card processor’s stock, valued at approximately $226,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. GoalVest Advisory LLC boosted its stake in Visa by 3.4% during the fourth quarter. GoalVest Advisory LLC now owns 1,217 shares of the credit-card processor’s stock valued at $317,000 after buying an additional 40 shares in the last quarter. Destiny Wealth Partners LLC boosted its stake in Visa by 2.5% during the fourth quarter. Destiny Wealth Partners LLC now owns 1,668 shares of the credit-card processor’s stock valued at $433,000 after buying an additional 40 shares in the last quarter. Sunflower Bank N.A. boosted its stake in Visa by 1.3% during the fourth quarter. Sunflower Bank N.A. now owns 3,143 shares of the credit-card processor’s stock valued at $818,000 after buying an additional 41 shares in the last quarter. HWG Holdings LP boosted its position in shares of Visa by 18.4% in the 2nd quarter. HWG Holdings LP now owns 270 shares of the credit-card processor’s stock valued at $64,000 after purchasing an additional 42 shares during the period. Finally, Parker Financial LLC boosted its position in shares of Visa by 4.8% in the 4th quarter. Parker Financial LLC now owns 925 shares of the credit-card processor’s stock valued at $241,000 after purchasing an additional 42 shares during the period. Institutional investors and hedge funds own 82.15% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the company. Barclays increased their price target on Visa from $304.00 to $319.00 and gave the company an “overweight” rating in a research report on Monday, January 29th. Raymond James increased their price target on Visa from $287.00 to $311.00 and gave the company an “outperform” rating in a research report on Friday, January 26th. Susquehanna increased their price target on Visa from $300.00 to $326.00 and gave the company a “positive” rating in a research report on Friday, January 26th. Monness Crespi & Hardt assumed coverage on Visa in a research report on Wednesday, December 20th. They issued a “neutral” rating for the company. Finally, Wedbush increased their price target on Visa from $270.00 to $280.00 and gave the company an “outperform” rating in a research report on Friday, January 26th. Five research analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $296.87.

Visa Stock Up 0.1 %

V opened at $275.96 on Friday. Visa Inc. has a fifty-two week low of $216.14 and a fifty-two week high of $290.96. The business has a 50-day moving average of $280.13 and a 200-day moving average of $261.69. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.45 and a quick ratio of 1.45. The company has a market capitalization of $506.80 billion, a PE ratio of 31.76, a price-to-earnings-growth ratio of 1.91 and a beta of 0.96.

Visa (NYSE:V) last posted its quarterly earnings results on Thursday, January 25th. The credit-card processor reported $2.41 earnings per share for the quarter, topping analysts’ consensus estimates of $2.34 by $0.07. Visa had a return on equity of 50.02% and a net margin of 53.92%. The company had revenue of $8.63 billion during the quarter, compared to the consensus estimate of $8.55 billion. During the same period last year, the business earned $2.18 EPS. The business’s quarterly revenue was up 9.3% on a year-over-year basis. Equities research analysts forecast that Visa Inc. will post 9.89 EPS for the current fiscal year.

Visa Announces Dividend

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

Insider Activity at Visa

In related news, CAO Peter M. Andreski sold 2,615 shares of the firm’s stock in a transaction that occurred on Wednesday, February 7th. The stock was sold at an average price of $278.88, for a total value of $729,271.20. Following the transaction, the chief accounting officer now directly owns 4,898 shares of the company’s stock, valued at approximately $1,365,954.24. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Visa news, insider Rajat Taneja sold 36,546 shares of the firm’s stock in a transaction that occurred 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 sale, the insider now owns 232,112 shares of the company’s stock, valued at approximately $62,716,662.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Peter M. Andreski sold 2,615 shares of the firm’s stock in a transaction that occurred on Wednesday, February 7th. The shares were sold at an average price of $278.88, for a total value of $729,271.20. Following the completion of the sale, the chief accounting officer now directly owns 4,898 shares in the company, valued at approximately $1,365,954.24. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 55,511 shares of company stock valued at $15,131,081. Corporate insiders own 0.19% of the company’s stock.

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.