Andrew Hill Investment Advisors Inc. Purchases Shares of 13,163 Visa Inc. (NYSE:V)

Andrew Hill Investment Advisors Inc. purchased a new stake in Visa Inc. (NYSE:V) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 13,163 shares of the credit-card processor’s stock, valued at approximately $3,427,000. Visa comprises approximately 3.6% of Andrew Hill Investment Advisors Inc.’s portfolio, making the stock its 8th biggest holding.

A number of other large investors have also recently added to or reduced their stakes in the company. BCK Partners Inc. acquired a new stake in shares of Visa during the 1st quarter worth about $2,717,000. Markel Corp lifted its stake in shares of Visa by 0.3% during the 1st quarter. Markel Corp now owns 961,105 shares of the credit-card processor’s stock worth $213,144,000 after buying an additional 3,065 shares during the last quarter. AMI Investment Management Inc. acquired a new stake in shares of Visa during the 1st quarter worth about $2,323,000. Ergoteles LLC acquired a new stake in shares of Visa during the 1st quarter worth about $538,000. Finally, XTX Topco Ltd acquired a new stake in shares of Visa during the 1st quarter worth about $1,496,000. Institutional investors and hedge funds own 82.15% of the company’s stock.

Visa Price Performance

V stock opened at $269.78 on Friday. The company has a 50 day simple moving average of $279.58 and a 200 day simple moving average of $263.12. The stock has a market cap of $495.45 billion, a price-to-earnings ratio of 31.04, a P/E/G ratio of 1.86 and a beta of 0.96. Visa Inc. has a 1 year low of $216.14 and a 1 year high of $290.96. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.45 and a quick ratio of 1.45.

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, topping analysts’ consensus estimates of $2.34 by $0.07. The business 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% compared to the same quarter last year. During the same period in the prior year, the company earned $2.18 EPS. Research analysts anticipate that Visa Inc. will post 9.88 EPS for the current fiscal year.

Visa Dividend Announcement

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

Insiders Place Their Bets

In other Visa news, CEO Ryan Mcinerney sold 8,200 shares of the business’s stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $280.36, for a total transaction of $2,298,952.00. Following the sale, the chief executive officer now directly owns 538 shares of the company’s stock, valued at approximately $150,833.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Visa news, CEO Ryan Mcinerney sold 8,200 shares of the business’s stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $280.36, for a total transaction of $2,298,952.00. Following the sale, the chief executive officer now directly owns 538 shares of the company’s stock, valued at approximately $150,833.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Peter M. Andreski sold 2,615 shares of the business’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 transaction of $729,271.20. Following the sale, the chief accounting officer now directly owns 4,898 shares in the company, valued at $1,365,954.24. The disclosure for this sale can be found here. Insiders have sold 18,965 shares of company stock valued at $5,256,352 in the last ninety days. 0.19% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of research firms have recently issued reports on V. Citigroup raised their target price on shares of Visa from $296.00 to $306.00 and gave the stock a “buy” rating in a research note on Thursday, January 18th. Robert W. Baird lifted their price objective on shares of Visa from $314.00 to $320.00 and gave the stock an “outperform” rating in a research note on Wednesday. Redburn Atlantic reiterated a “neutral” rating and issued a $307.00 price objective on shares of Visa in a research note on Wednesday, March 27th. Mizuho reiterated a “neutral” rating and issued a $265.00 price objective on shares of Visa in a research note on Wednesday, March 27th. Finally, Susquehanna lifted their price objective on shares of Visa from $300.00 to $326.00 and gave the stock a “positive” rating in a research note on Friday, January 26th. Five investment analysts have rated the stock with a hold rating and nineteen have given 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 an average price target of $298.43.

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.