Scott & Selber Inc. Has $3.33 Million Holdings in Visa Inc. (NYSE:V)

Scott & Selber Inc. lessened its holdings in Visa Inc. (NYSE:V) by 2.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 10,548 shares of the credit-card processor’s stock after selling 254 shares during the period. Visa accounts for about 1.0% of Scott & Selber Inc.’s investment portfolio, making the stock its 29th biggest holding. Scott & Selber Inc.’s holdings in Visa were worth $3,334,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the business. Charles Schwab Investment Management Inc. lifted its stake in shares of Visa by 6.2% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 12,241,003 shares of the credit-card processor’s stock valued at $3,868,646,000 after purchasing an additional 718,558 shares during the last quarter. Planning Alternatives Ltd. ADV acquired a new position in Visa during the 4th quarter worth $215,000. State of Michigan Retirement System lifted its position in Visa by 2.5% during the 4th quarter. State of Michigan Retirement System now owns 595,423 shares of the credit-card processor’s stock worth $188,177,000 after acquiring an additional 14,700 shares during the last quarter. Tacita Capital Inc lifted its position in Visa by 31.2% during the 4th quarter. Tacita Capital Inc now owns 584 shares of the credit-card processor’s stock worth $185,000 after acquiring an additional 139 shares during the last quarter. Finally, WMG Financial Advisors LLC lifted its position in Visa by 22.0% during the 4th quarter. WMG Financial Advisors LLC now owns 1,260 shares of the credit-card processor’s stock worth $398,000 after acquiring an additional 227 shares during the last quarter. Institutional investors and hedge funds own 82.15% of the company’s stock.

Insiders Place Their Bets

In other news, CAO Peter M. Andreski sold 2,332 shares of the stock in a transaction that occurred on Friday, February 7th. The shares were sold at an average price of $349.62, for a total transaction of $815,313.84. Following the sale, the chief accounting officer now directly owns 4,488 shares of the company’s stock, valued at $1,569,094.56. This represents a 34.19 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Ryan Mcinerney sold 8,620 shares of the stock in a transaction that occurred 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 disclosure for this sale can be found here. Over the last ninety days, insiders have sold 64,505 shares of company stock valued at $22,290,507. 0.13% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on V shares. Seaport Res Ptn raised shares of Visa from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, January 14th. Susquehanna boosted their target price on shares of Visa from $395.00 to $410.00 and gave the stock a “positive” rating in a research report on Friday, February 21st. Citigroup reissued a “neutral” rating on shares of Visa in a research report on Thursday, February 13th. Piper Sandler reissued an “overweight” rating and set a $383.00 target price (up previously from $368.00) on shares of Visa in a research report on Friday, January 31st. Finally, UBS Group boosted their target price on shares of Visa from $350.00 to $400.00 and gave the stock a “buy” rating in a research report on Friday, January 31st. Six equities research analysts have rated the stock with a hold rating, twenty-three have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $353.96.

Visa Price Performance

Shares of Visa stock opened at $351.88 on Wednesday. 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 has a market capitalization of $653.71 billion, a price-to-earnings ratio of 35.47, a P/E/G ratio of 2.33 and a beta of 0.95. Visa Inc. has a 1-year low of $252.70 and a 1-year high of $366.54. The firm’s 50-day moving average price is $334.54 and its two-hundred day moving average price is $307.24.

Visa (NYSE:V) last issued 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%. On average, equities analysts predict that Visa Inc. will post 11.3 earnings per share for the current fiscal year.

Visa Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Tuesday, February 11th were paid a dividend of $0.59 per share. The ex-dividend date of this dividend was Tuesday, February 11th. This represents a $2.36 annualized dividend and a yield of 0.67%. Visa’s dividend payout ratio is 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.