L. Roy Papp & Associates LLP Sells 702 Shares of Visa Inc. (NYSE:V)

L. Roy Papp & Associates LLP lessened its holdings in shares of Visa Inc. (NYSE:V) by 0.7% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 104,975 shares of the credit-card processor’s stock after selling 702 shares during the quarter. Visa makes up 3.9% of L. Roy Papp & Associates LLP’s portfolio, making the stock its 5th biggest position. L. Roy Papp & Associates LLP’s holdings in Visa were worth $33,176,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in the business. Riverstone Advisors LLC bought a new position in Visa during the 4th quarter worth about $217,000. Custom Index Systems LLC bought a new position in Visa during the 3rd quarter worth about $731,000. Journey Strategic Wealth LLC increased its holdings in Visa by 16.4% during the 4th quarter. Journey Strategic Wealth LLC now owns 9,678 shares of the credit-card processor’s stock worth $3,058,000 after purchasing an additional 1,361 shares in the last quarter. Copley Financial Group Inc. bought a new position in Visa during the 3rd quarter worth about $616,000. Finally, Calamos Wealth Management LLC increased its holdings in Visa by 0.6% during the 4th quarter. Calamos Wealth Management LLC now owns 77,443 shares of the credit-card processor’s stock worth $24,475,000 after purchasing an additional 435 shares in the last quarter. Institutional investors and hedge funds own 82.15% of the company’s stock.

Visa Trading Up 1.1 %

Shares of V stock opened at $355.52 on Friday. The firm has a 50 day moving average price of $323.36 and a two-hundred day moving average price of $297.90. The company has a quick ratio of 1.28, a current ratio of 1.12 and a debt-to-equity ratio of 0.45. The company has a market capitalization of $660.47 billion, a PE ratio of 35.84, a price-to-earnings-growth ratio of 2.32 and a beta of 0.97. Visa Inc. has a 12-month low of $252.70 and a 12-month high of $356.08.

Visa (NYSE:V) last issued its quarterly earnings data on Thursday, January 30th. The credit-card processor reported $2.75 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.66 by $0.09. Visa had a net margin of 54.27% and a return on equity of 54.79%. As a group, analysts predict that Visa Inc. will post 11.27 earnings per share for the current year.

Visa Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 3rd. Shareholders of record on Tuesday, February 11th will be given a dividend of $0.59 per share. The ex-dividend date is Tuesday, February 11th. This represents a $2.36 annualized dividend and a yield of 0.66%. Visa’s dividend payout ratio (DPR) is presently 23.79%.

Insiders Place Their Bets

In other news, CEO Ryan Mcinerney sold 8,620 shares of Visa stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $317.78, for a total value of $2,739,263.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Paul D. Fabara sold 2,171 shares of Visa stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $307.97, for a total transaction of $668,602.87. Following the completion of the sale, the insider now owns 17,894 shares of the company’s stock, valued at approximately $5,510,815.18. The trade was a 10.82 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 58,056 shares of company stock worth $19,830,050 over the last three months. Insiders own 0.13% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on V. UBS Group increased their target price on Visa from $350.00 to $400.00 and gave the stock a “buy” rating in a report on Friday, January 31st. TD Cowen increased their target price on Visa from $318.00 to $325.00 and gave the stock a “buy” rating in a report on Wednesday, October 30th. Oppenheimer increased their target price on Visa from $375.00 to $390.00 and gave the stock an “outperform” rating in a report on Friday, January 31st. Mizuho raised their price objective on Visa from $279.00 to $292.00 and gave the company a “neutral” rating in a report on Friday, November 1st. Finally, Barclays raised their price objective on Visa from $361.00 to $396.00 and gave the company an “overweight” rating in a report on Monday, February 3rd. Four equities research analysts have rated the stock with a hold rating, twenty-five have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Visa has a consensus rating of “Moderate Buy” and an average price target of $354.73.

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.