Disciplined Investors L.L.C. Takes Position in Visa Inc. (NYSE:V)

Disciplined Investors L.L.C. purchased a new position in shares of Visa Inc. (NYSE:V) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 1,692 shares of the credit-card processor’s stock, valued at approximately $519,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Decker Retirement Planning Inc. acquired a new position in shares of Visa during the fourth quarter worth approximately $26,000. Bradley & Co. Private Wealth Management LLC acquired a new position in Visa during the 4th quarter worth $27,000. POM Investment Strategies LLC boosted its position in Visa by 48.5% in the 4th quarter. POM Investment Strategies LLC now owns 98 shares of the credit-card processor’s stock valued at $31,000 after buying an additional 32 shares during the last quarter. Modus Advisors LLC acquired a new stake in shares of Visa in the 4th quarter valued at $32,000. Finally, Compass Planning Associates Inc bought a new stake in shares of Visa during the fourth quarter worth $32,000. 82.15% of the stock is owned by institutional investors and hedge funds.

Visa Trading Up 0.0 %

NYSE:V opened at $346.49 on Thursday. The company has a market cap of $643.70 billion, a P/E ratio of 34.93, a price-to-earnings-growth ratio of 2.33 and a beta of 0.94. Visa Inc. has a twelve month low of $252.70 and a twelve month high of $366.54. The business has a 50 day moving average price of $345.14 and a two-hundred day moving average price of $316.58. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.45.

Visa (NYSE:V) last announced 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%. As a group, analysts expect 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. Investors of record on Tuesday, February 11th were given a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a dividend yield of 0.68%. The ex-dividend date was Tuesday, February 11th. Visa’s dividend payout ratio is currently 23.79%.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. Oppenheimer reiterated an “outperform” rating on shares of Visa in a report on Thursday, February 13th. Seaport Res Ptn upgraded shares of Visa from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, January 14th. UBS Group increased their price objective on shares of Visa from $350.00 to $400.00 and gave the company a “buy” rating in a report on Friday, January 31st. Bank of America lifted their target price on shares of Visa from $331.00 to $363.00 and gave the stock a “neutral” rating in a report on Friday, January 31st. Finally, Piper Sandler reissued an “overweight” rating and issued a $383.00 price target (up previously from $368.00) on shares of Visa in a research note on Friday, January 31st. Five investment analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $355.84.

Insider Activity at Visa

In other news, CEO Ryan Mcinerney sold 8,620 shares of the business’s stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $340.00, for a total transaction of $2,930,800.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Paul D. Fabara sold 39,350 shares of the firm’s stock in a transaction dated Friday, March 14th. The shares were sold at an average price of $327.20, for a total transaction of $12,875,320.00. Following the completion of the sale, the insider now owns 26,413 shares of the company’s stock, valued at $8,642,333.60. This trade represents a 59.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 134,585 shares of company stock valued at $45,821,697. Insiders own 0.13% of the company’s stock.

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.