BluePointe Capital Management LLC Buys Shares of 965 Visa Inc. (NYSE:V)

BluePointe Capital Management LLC purchased a new position in shares of Visa Inc. (NYSE:V) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 965 shares of the credit-card processor’s stock, valued at approximately $305,000.

A number of other institutional investors have also modified their holdings of the company. Northwest & Ethical Investments L.P. boosted its stake in shares of Visa by 1.0% in the fourth quarter. Northwest & Ethical Investments L.P. now owns 113,343 shares of the credit-card processor’s stock valued at $35,821,000 after purchasing an additional 1,171 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its holdings in Visa by 1.0% during the 4th quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 367,447 shares of the credit-card processor’s stock worth $116,128,000 after buying an additional 3,807 shares in the last quarter. Berkeley Capital Partners LLC boosted its position in Visa by 2.8% in the 4th quarter. Berkeley Capital Partners LLC now owns 4,025 shares of the credit-card processor’s stock valued at $1,272,000 after buying an additional 111 shares during the period. Teacher Retirement System of Texas grew its stake in shares of Visa by 56.0% in the fourth quarter. Teacher Retirement System of Texas now owns 534,548 shares of the credit-card processor’s stock worth $168,939,000 after acquiring an additional 191,784 shares in the last quarter. Finally, First National Bank of Hutchinson increased its position in shares of Visa by 3.1% during the fourth quarter. First National Bank of Hutchinson now owns 4,026 shares of the credit-card processor’s stock worth $1,272,000 after acquiring an additional 121 shares during the period. 82.15% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

V has been the subject of a number of recent research reports. Susquehanna lifted their target price on Visa from $395.00 to $410.00 and gave the company a “positive” rating in a report on Friday, February 21st. Wells Fargo & Company lifted their price objective on Visa from $360.00 to $395.00 and gave the company an “overweight” rating in a research note on Friday, January 31st. The Goldman Sachs Group upped their target price on shares of Visa from $346.00 to $384.00 and gave the stock a “buy” rating in a research note on Friday, January 31st. Morgan Stanley lifted their price target on shares of Visa from $326.00 to $371.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 18th. Finally, Raymond James restated 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. Six investment analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $353.96.

Insider Buying and Selling at Visa

In other Visa 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 directly owns 36,566 shares of the company’s stock, valued at approximately $12,789,689.82. This trade represents a 47.99 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CAO Peter M. Andreski sold 2,332 shares of the business’s stock in a transaction that occurred on 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 directly owns 4,488 shares in the company, valued at $1,569,094.56. This trade represents a 34.19 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 103,855 shares of company stock valued at $35,165,827. 0.13% of the stock is owned by corporate insiders.

Visa Trading Up 1.5 %

NYSE:V opened at $339.92 on Thursday. 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 stock’s 50 day simple moving average is $339.38 and its 200-day simple moving average is $312.21. Visa Inc. has a 12-month low of $252.70 and a 12-month high of $366.54. The firm has a market cap of $631.50 billion, a P/E ratio of 34.27, a PEG ratio of 2.33 and a beta of 0.95.

Visa (NYSE:V) last announced its quarterly earnings data 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 net margin of 54.27% and a return on equity of 54.79%. Equities analysts anticipate that Visa Inc. will post 11.3 EPS for the current year.

Visa Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Tuesday, February 11th were given 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 yield of 0.69%. Visa’s payout ratio is currently 23.79%.

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.