Visa Inc. (NYSE:V) Shares Acquired by JLB & Associates Inc.

JLB & Associates Inc. boosted its position in Visa Inc. (NYSE:V) by 34.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 14,331 shares of the credit-card processor’s stock after acquiring an additional 3,642 shares during the quarter. JLB & Associates Inc.’s holdings in Visa were worth $4,529,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the company. Trinity Legacy Partners LLC raised its holdings in Visa by 1.1% in the fourth quarter. Trinity Legacy Partners LLC now owns 18,256 shares of the credit-card processor’s stock valued at $5,770,000 after acquiring an additional 190 shares in the last quarter. Financial Harvest LLC acquired a new stake in Visa in the fourth quarter valued at approximately $302,000. Nicholson Wealth Management Group LLC raised its holdings in Visa by 71.1% in the fourth quarter. Nicholson Wealth Management Group LLC now owns 5,772 shares of the credit-card processor’s stock valued at $1,824,000 after acquiring an additional 2,398 shares in the last quarter. Aspen Investment Management Inc increased its stake in Visa by 1.1% in the fourth quarter. Aspen Investment Management Inc now owns 7,148 shares of the credit-card processor’s stock valued at $2,259,000 after purchasing an additional 76 shares during the last quarter. Finally, Prakash Investment Advisors LLC purchased a new position in Visa in the fourth quarter valued at approximately $221,000. Institutional investors and hedge funds own 82.15% of the company’s stock.

Insiders Place Their Bets

In other Visa news, CEO Ryan Mcinerney sold 8,620 shares of the business’s stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $317.78, for a total transaction of $2,739,263.60. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, General Counsel Julie B. Rottenberg sold 2,572 shares of the business’s stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $340.00, for a total transaction of $874,480.00. Following the sale, the general counsel now owns 11,925 shares in the company, valued at $4,054,500. The trade was a 17.74 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 55,885 shares of company stock worth $19,161,447. Corporate insiders own 0.13% of the company’s stock.

Visa Stock Performance

Shares of V opened at $348.27 on Monday. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.12 and a current ratio of 1.12. The stock has a market capitalization of $647.01 billion, a P/E ratio of 35.11, a P/E/G ratio of 2.33 and a beta of 0.97. The company’s fifty day moving average is $329.14 and its two-hundred day moving average is $302.66. Visa Inc. has a 1 year low of $252.70 and a 1 year high of $357.15.

Visa (NYSE:V) last issued its earnings results on Thursday, January 30th. The credit-card processor reported $2.75 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%. On average, sell-side analysts predict that Visa Inc. will post 11.3 earnings per share for the current year.

Visa Dividend Announcement

The business also recently announced 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 dividend yield of 0.68%. Visa’s payout ratio is currently 23.79%.

Analyst Ratings Changes

Several equities analysts have commented on the stock. Mizuho increased their price target on shares of Visa from $279.00 to $292.00 and gave the company a “neutral” rating in a research note on Friday, November 1st. William Blair reiterated an “outperform” rating on shares of Visa in a research note on Friday, January 31st. Susquehanna increased their price target on shares of Visa from $395.00 to $410.00 and gave the company a “positive” rating in a research note on Friday. Wells Fargo & Company increased their price target on shares of Visa from $360.00 to $395.00 and gave the company an “overweight” rating in a research note on Friday, January 31st. Finally, Morgan Stanley increased their price target on shares of Visa from $326.00 to $371.00 and gave the company an “overweight” rating in a research note on Wednesday, December 18th. 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 stock. According to data from MarketBeat, Visa presently has a consensus rating of “Moderate Buy” and a consensus price target of $353.96.

About Visa

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.