512 Shares in Visa Inc. (NYSE:V) Purchased by Rakuten Securities Inc.

Rakuten Securities Inc. acquired a new position in shares of Visa Inc. (NYSE:V) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 512 shares of the credit-card processor’s stock, valued at approximately $133,000.

Other large investors have also made changes to their positions in the company. GoalVest Advisory LLC boosted its position in Visa by 3.4% in the 4th 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 during the last quarter. Destiny Wealth Partners LLC boosted its position in Visa by 2.5% in the 4th 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 during the last quarter. Sunflower Bank N.A. lifted its stake in shares of Visa by 1.3% in the 4th quarter. Sunflower Bank N.A. now owns 3,143 shares of the credit-card processor’s stock valued at $818,000 after purchasing an additional 41 shares during the period. HWG Holdings LP lifted its stake 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 lifted its stake 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.

Visa Stock Down 0.5 %

Visa stock opened at $271.37 on Friday. Visa Inc. has a twelve month low of $216.14 and a twelve month high of $290.96. The company’s 50-day moving average price is $279.71 and its two-hundred day moving average price is $262.62. The stock has a market cap of $498.37 billion, a P/E ratio of 31.23, a P/E/G ratio of 1.88 and a beta of 0.96. The company has a quick ratio of 1.45, a current ratio of 1.45 and a debt-to-equity ratio of 0.54.

Visa (NYSE:V) last announced 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. Visa had a net margin of 53.92% and a return on equity of 50.02%. The company had revenue of $8.63 billion for the quarter, compared to analysts’ expectations of $8.55 billion. During the same period last year, the firm earned $2.18 earnings per share. The business’s revenue for the quarter was up 9.3% on a year-over-year basis. As a group, analysts expect that Visa Inc. will post 9.88 EPS for the current year.

Visa Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on V. Wedbush increased their price target on Visa from $270.00 to $280.00 and gave the company an “outperform” rating in a research note on Friday, January 26th. Barclays increased their price target on Visa from $304.00 to $319.00 and gave the company an “overweight” rating in a research note on Monday, January 29th. Mizuho reaffirmed a “neutral” rating and set a $265.00 price objective on shares of Visa in a research note on Wednesday, March 27th. Robert W. Baird increased their price target on Visa from $314.00 to $320.00 and gave the stock an “outperform” rating in a report on Wednesday. Finally, Susquehanna boosted their price objective on shares of Visa from $300.00 to $326.00 and gave the company a “positive” rating in a research report on Friday, January 26th. Five investment 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, the stock currently has an average rating of “Moderate Buy” and an average price target of $298.43.

Insider Transactions at Visa

In related news, CEO Ryan Mcinerney sold 8,150 shares of the stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $273.39, for a total transaction of $2,228,128.50. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In related news, CEO Ryan Mcinerney sold 8,150 shares of the stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $273.39, for a total transaction of $2,228,128.50. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CAO Peter M. Andreski sold 2,615 shares of the stock in a transaction that occurred on Wednesday, February 7th. The stock was sold at an average price of $278.88, for a total transaction of $729,271.20. Following the sale, the chief accounting officer now owns 4,898 shares in the company, valued at approximately $1,365,954.24. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 18,965 shares of company stock valued at $5,256,352. 0.19% of the stock is currently owned by company insiders.

Visa 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.