Crown Oak Advisors LLC Makes New Investment in Visa Inc. (NYSE:V)

Crown Oak Advisors LLC purchased a new stake in shares of Visa Inc. (NYSE:V) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 63,487 shares of the credit-card processor’s stock, valued at approximately $16,623,000. Visa makes up about 9.7% of Crown Oak Advisors LLC’s portfolio, making the stock its 2nd largest position.

Several other institutional investors also recently bought and sold shares of the business. Capital Advisors Inc. OK lifted its stake in shares of Visa by 3.1% during the fourth quarter. Capital Advisors Inc. OK now owns 142,128 shares of the credit-card processor’s stock worth $37,003,000 after buying an additional 4,219 shares during the period. Simplicity Wealth LLC acquired a new position in Visa during the fourth quarter valued at $1,025,000. Triasima Portfolio Management inc. raised its position in shares of Visa by 29.6% in the fourth quarter. Triasima Portfolio Management inc. now owns 15,409 shares of the credit-card processor’s stock worth $4,012,000 after acquiring an additional 3,520 shares during the period. Crumly & Associates Inc. raised its position in shares of Visa by 43.8% in the fourth quarter. Crumly & Associates Inc. now owns 2,023 shares of the credit-card processor’s stock worth $527,000 after acquiring an additional 616 shares during the period. Finally, Louisiana State Employees Retirement System acquired a new position in shares of Visa in the fourth quarter worth about $25,098,000. 82.15% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, CEO Ryan Mcinerney sold 8,200 shares of Visa stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $280.36, for a total value of $2,298,952.00. Following the transaction, the chief executive officer now owns 538 shares of the company’s stock, valued at $150,833.68. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In other news, CEO Ryan Mcinerney sold 8,200 shares of the business’s stock in a transaction on Monday, April 1st. The shares were sold at an average price of $280.36, for a total value of $2,298,952.00. Following the sale, the chief executive officer now owns 538 shares in the company, valued at approximately $150,833.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Peter M. Andreski sold 2,615 shares of Visa stock in a transaction dated 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 transaction, the chief accounting officer now directly owns 4,898 shares of the company’s stock, valued at $1,365,954.24. The disclosure for this sale can be found here. Insiders have sold a total of 55,511 shares of company stock valued at $15,131,081 over the last 90 days. 0.19% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the stock. Citigroup upped their price objective on shares of Visa from $296.00 to $306.00 and gave the stock a “buy” rating in a research report on Thursday, January 18th. Susquehanna upped their price objective on shares of Visa from $300.00 to $326.00 and gave the stock a “positive” rating in a research report on Friday, January 26th. Evercore ISI upped their price objective on shares of Visa from $325.00 to $335.00 and gave the stock an “outperform” rating in a research report on Tuesday, March 26th. Redburn Atlantic reissued a “neutral” rating and set a $307.00 target price on shares of Visa in a research note on Wednesday, March 27th. Finally, Mizuho reaffirmed a “neutral” rating and set a $265.00 price objective on shares of Visa in a research note on Wednesday, March 27th. Five analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $296.87.

Visa Stock Performance

V stock opened at $271.28 on Tuesday. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.45 and a current ratio of 1.45. The stock has a market cap of $498.21 billion, a P/E ratio of 31.22, a P/E/G ratio of 1.91 and a beta of 0.96. The firm has a 50 day simple moving average of $280.04 and a 200 day simple moving average of $262.19. Visa Inc. has a 52 week low of $216.14 and a 52 week high of $290.96.

Visa (NYSE:V) last issued its quarterly earnings data on Thursday, January 25th. The credit-card processor reported $2.41 earnings per share for the quarter, beating the consensus estimate of $2.34 by $0.07. The firm 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 company’s revenue for the quarter was up 9.3% on a year-over-year basis. During the same quarter last year, the firm earned $2.18 earnings per share. Research analysts anticipate that Visa Inc. will post 9.89 earnings per share for the current fiscal year.

Visa Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 1st. Stockholders of record on Friday, February 9th were given a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a dividend yield of 0.77%. The ex-dividend date of this dividend was Thursday, February 8th. Visa’s dividend payout ratio is 23.94%.

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.