AM Investment Strategies LLC Acquires 178 Shares of Visa Inc. (NYSE:V)

AM Investment Strategies LLC boosted its holdings in Visa Inc. (NYSE:V) by 4.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,112 shares of the credit-card processor’s stock after acquiring an additional 178 shares during the quarter. AM Investment Strategies LLC’s holdings in Visa were worth $1,070,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Motley Fool Asset Management LLC boosted its position in Visa by 4.4% in the fourth quarter. Motley Fool Asset Management LLC now owns 60,003 shares of the credit-card processor’s stock valued at $15,622,000 after buying an additional 2,504 shares in the last quarter. Evolution Advisers Inc. lifted its position in shares of Visa by 22.9% during the fourth quarter. Evolution Advisers Inc. now owns 381 shares of the credit-card processor’s stock worth $99,000 after purchasing an additional 71 shares in the last quarter. Semanteon Capital Management LP acquired a new position in shares of Visa during the fourth quarter worth approximately $421,000. Bank Julius Baer & Co. Ltd Zurich lifted its position in shares of Visa by 0.8% during the fourth quarter. Bank Julius Baer & Co. Ltd Zurich now owns 2,168,130 shares of the credit-card processor’s stock worth $564,473,000 after purchasing an additional 16,599 shares in the last quarter. Finally, Stevens Capital Management LP acquired a new position in shares of Visa during the fourth quarter worth approximately $10,863,000. Institutional investors own 82.15% of the company’s stock.

Insider Buying and Selling at Visa

In other news, CAO Peter M. Andreski sold 2,615 shares of the firm’s stock in a transaction dated Wednesday, February 7th. The shares were sold at an average price of $278.88, for a total transaction of $729,271.20. Following the completion of the sale, the chief accounting officer now owns 4,898 shares in the company, valued at approximately $1,365,954.24. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In related news, CEO Ryan Mcinerney sold 8,200 shares of the firm’s stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $280.36, for a total transaction of $2,298,952.00. Following the transaction, the chief executive officer now directly owns 538 shares of the company’s stock, valued at $150,833.68. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CAO Peter M. Andreski sold 2,615 shares of the firm’s stock in a transaction dated Wednesday, February 7th. The stock was sold at an average price of $278.88, for a total transaction of $729,271.20. Following the transaction, the chief accounting officer now directly owns 4,898 shares in the company, valued at $1,365,954.24. The disclosure for this sale can be found here. Insiders sold a total of 18,965 shares of company stock worth $5,256,352 over the last quarter. 0.19% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

V has been the topic of a number of research reports. Susquehanna upped their target price on shares of Visa from $300.00 to $326.00 and gave the stock a “positive” rating in a research report on Friday, January 26th. Macquarie boosted their price target on shares of Visa from $290.00 to $300.00 and gave the stock an “outperform” rating in a research note on Wednesday. Barclays boosted their price target on shares of Visa from $304.00 to $319.00 and gave the stock an “overweight” rating in a research note on Monday, January 29th. UBS Group boosted their price target on shares of Visa from $315.00 to $325.00 and gave the stock a “buy” rating in a research note on Wednesday. Finally, KeyCorp boosted their price target on shares of Visa from $275.00 to $300.00 and gave the stock an “overweight” rating in a research note on Monday, January 8th. Five analysts have rated the stock with a hold rating and twenty have issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $302.58.

Visa Stock Performance

V stock traded down $0.58 during trading hours on Friday, reaching $274.58. The stock had a trading volume of 6,840,359 shares, compared to its average volume of 5,951,953. The stock has a market capitalization of $504.27 billion, a PE ratio of 30.68, a price-to-earnings-growth ratio of 1.90 and a beta of 0.96. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.40 and a quick ratio of 1.45. The stock has a 50-day simple moving average of $279.24 and a 200 day simple moving average of $264.33. Visa Inc. has a fifty-two week low of $216.14 and a fifty-two week high of $290.96.

Visa (NYSE:V) last announced its quarterly earnings results on Tuesday, April 23rd. The credit-card processor reported $2.51 EPS for the quarter, beating analysts’ consensus estimates of $2.43 by $0.08. The firm had revenue of $8.78 billion during the quarter, compared to analysts’ expectations of $8.62 billion. Visa had a net margin of 53.87% and a return on equity of 51.23%. The company’s revenue for the quarter was up 9.9% compared to the same quarter last year. During the same quarter last year, the company posted $2.09 earnings per share. Analysts predict that Visa Inc. will post 9.89 EPS for the current fiscal year.

Visa Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, June 3rd. Shareholders of record on Friday, May 17th will be paid a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a yield of 0.76%. The ex-dividend date is Thursday, May 16th. Visa’s dividend payout ratio is currently 23.24%.

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.