Sollinda Capital Management LLC Invests $527,000 in Visa Inc. (NYSE:V)

Sollinda Capital Management LLC acquired a new position in Visa Inc. (NYSE:V) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 1,668 shares of the credit-card processor’s stock, valued at approximately $527,000.

Other institutional investors have also made changes to their positions in the company. Peterson Financial Group Inc. bought a new stake in Visa during the third quarter worth $26,000. Decker Retirement Planning Inc. bought a new stake in Visa during the fourth quarter worth $26,000. Bradley & Co. Private Wealth Management LLC bought a new stake in Visa during the fourth quarter worth $27,000. POM Investment Strategies LLC raised its position in Visa by 48.5% during the fourth quarter. POM Investment Strategies LLC now owns 98 shares of the credit-card processor’s stock worth $31,000 after acquiring an additional 32 shares in the last quarter. Finally, Modus Advisors LLC bought a new stake in Visa during the fourth quarter worth $32,000. Institutional investors own 82.15% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have issued reports on V shares. Keefe, Bruyette & Woods reaffirmed a “hold” rating on shares of Visa in a research report on Thursday, February 13th. Raymond James reiterated an “outperform” rating and issued a $393.00 price objective (up from $374.00) on shares of Visa in a report on Friday, January 31st. Oppenheimer reiterated an “outperform” rating on shares of Visa in a report on Thursday, February 13th. Barclays upped their price objective on shares of Visa from $361.00 to $396.00 and gave the company an “overweight” rating in a report on Monday, February 3rd. Finally, Citigroup reiterated a “neutral” rating on shares of Visa in a report on Thursday, February 13th. Six analysts have rated the stock with a hold rating, twenty-three have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $353.96.

Insider Transactions at Visa

In other news, insider Tullier Kelly Mahon sold 33,741 shares of the stock in a transaction dated Friday, February 7th. The shares were sold at an average price of $349.77, for a total value of $11,801,589.57. Following the completion of the transaction, the insider now owns 36,566 shares of the company’s stock, valued at approximately $12,789,689.82. This represents a 47.99 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Ryan Mcinerney sold 8,620 shares of the firm’s stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $363.00, for a total transaction of $3,129,060.00. Following the completion of the transaction, the chief executive officer now owns 537 shares of the company’s stock, valued at approximately $194,931. This trade represents a 94.14 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 64,505 shares of company stock valued at $22,290,507. 0.13% of the stock is currently owned by insiders.

Visa Trading Down 1.2 %

V opened at $341.07 on Tuesday. Visa Inc. has a twelve month low of $252.70 and a twelve month high of $366.54. The company has a 50-day simple moving average of $336.69 and a 200 day simple moving average of $309.43. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.45. The stock has a market capitalization of $633.63 billion, a price-to-earnings ratio of 34.38, a P/E/G ratio of 2.33 and a beta of 0.95.

Visa (NYSE:V) last posted its quarterly earnings data on Thursday, January 30th. The credit-card processor reported $2.75 earnings per share 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%. Analysts predict that Visa Inc. will post 11.3 EPS for the current fiscal year.

Visa Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Tuesday, February 11th were issued a $0.59 dividend. The ex-dividend date of this dividend was Tuesday, February 11th. This represents a $2.36 dividend on an annualized basis and a dividend yield of 0.69%. Visa’s dividend payout ratio (DPR) is currently 23.79%.

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.