Vista Capital Partners Inc. Invests $314,000 in Visa Inc. (NYSE:V)

Vista Capital Partners Inc. acquired a new stake in shares of Visa Inc. (NYSE:V) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 994 shares of the credit-card processor’s stock, valued at approximately $314,000.

Other hedge funds also recently bought and sold shares of the company. Legacy Solutions LLC bought a new stake in Visa during the 4th quarter valued at about $356,000. Hudson Value Partners LLC increased its position in shares of Visa by 6.3% during the fourth quarter. Hudson Value Partners LLC now owns 23,023 shares of the credit-card processor’s stock worth $7,276,000 after acquiring an additional 1,358 shares during the period. Lyell Wealth Management LP raised its stake in shares of Visa by 0.5% during the fourth quarter. Lyell Wealth Management LP now owns 48,337 shares of the credit-card processor’s stock valued at $15,277,000 after acquiring an additional 263 shares in the last quarter. Timber Creek Capital Management LLC boosted its holdings in shares of Visa by 0.4% in the fourth quarter. Timber Creek Capital Management LLC now owns 46,329 shares of the credit-card processor’s stock valued at $14,642,000 after purchasing an additional 179 shares during the period. Finally, Atlas Legacy Advisors LLC bought a new position in Visa in the fourth quarter worth approximately $321,000. Institutional investors own 82.15% of the company’s stock.

Visa Trading Down 0.6 %

NYSE:V opened at $348.27 on Friday. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.45. The firm has a fifty day simple moving average of $329.14 and a 200-day simple moving average of $302.03. Visa Inc. has a 12 month low of $252.70 and a 12 month high of $357.15. The company has a market capitalization of $647.01 billion, a P/E ratio of 35.11, a PEG ratio of 2.36 and a beta of 0.97.

Visa (NYSE:V) last issued its quarterly earnings results on Thursday, January 30th. The credit-card processor reported $2.75 EPS for the quarter, topping analysts’ consensus estimates of $2.66 by $0.09. Visa had a return on equity of 54.79% and a net margin of 54.27%. On average, equities research analysts anticipate that Visa Inc. will post 11.3 earnings per share for the current year.

Visa Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 3rd. Investors of record on Tuesday, February 11th will be issued a $0.59 dividend. The ex-dividend date of this dividend is Tuesday, February 11th. This represents a $2.36 annualized dividend and a yield of 0.68%. Visa’s dividend payout ratio (DPR) is presently 23.79%.

Insider Buying and Selling

In other news, CAO Peter M. Andreski sold 2,332 shares of the company’s stock in a transaction dated Friday, February 7th. The stock was sold at an average price of $349.62, for a total value of $815,313.84. Following the sale, the chief accounting officer now owns 4,488 shares in the company, valued at $1,569,094.56. This represents a 34.19 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Ryan Mcinerney sold 8,620 shares of the firm’s stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $317.78, for a total value of $2,739,263.60. The disclosure for this sale can be found here. In the last quarter, insiders have sold 55,885 shares of company stock worth $19,161,447. 0.13% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of brokerages have weighed in on V. Bank of America lifted their target price on Visa from $331.00 to $363.00 and gave the company a “neutral” rating in a research report on Friday, January 31st. TD Cowen lifted their price objective on Visa from $318.00 to $325.00 and gave the company a “buy” rating in a report on Wednesday, October 30th. Oppenheimer upped their price objective on shares of Visa from $375.00 to $390.00 and gave the stock an “outperform” rating in a research note on Friday, January 31st. BMO Capital Markets raised their target price on shares of Visa from $310.00 to $320.00 and gave the company an “outperform” rating in a research report on Wednesday, October 30th. Finally, William Blair reaffirmed an “outperform” rating on shares of Visa in a research report on Friday, January 31st. Four analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $355.31.

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.