Wisconsin Capital Management LLC Increases Stock Position in Visa Inc. (NYSE:V)

Wisconsin Capital Management LLC grew its position in Visa Inc. (NYSE:V) by 0.2% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 31,287 shares of the credit-card processor’s stock after purchasing an additional 47 shares during the period. Visa comprises approximately 4.8% of Wisconsin Capital Management LLC’s holdings, making the stock its 5th biggest holding. Wisconsin Capital Management LLC’s holdings in Visa were worth $8,146,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Bank Julius Baer & Co. Ltd Zurich boosted its stake in shares of Visa by 0.8% in the 4th quarter. Bank Julius Baer & Co. Ltd Zurich now owns 2,168,130 shares of the credit-card processor’s stock valued at $564,473,000 after purchasing an additional 16,599 shares in the last quarter. Stevens Capital Management LP acquired a new stake in shares of Visa in the 4th quarter valued at $10,863,000. Syon Capital LLC boosted its stake in shares of Visa by 23.2% in the 4th quarter. Syon Capital LLC now owns 16,486 shares of the credit-card processor’s stock valued at $4,292,000 after purchasing an additional 3,103 shares in the last quarter. Cross Staff Investments Inc boosted its stake in shares of Visa by 4.6% in the 4th quarter. Cross Staff Investments Inc now owns 5,868 shares of the credit-card processor’s stock valued at $1,528,000 after purchasing an additional 258 shares in the last quarter. Finally, Roffman Miller Associates Inc. PA boosted its stake in shares of Visa by 0.9% in the 4th quarter. Roffman Miller Associates Inc. PA now owns 119,296 shares of the credit-card processor’s stock valued at $31,059,000 after purchasing an additional 1,048 shares in the last quarter. Institutional investors and hedge funds own 82.15% of the company’s stock.

Visa Stock Down 0.2 %

NYSE:V traded down $0.58 during trading hours on Friday, reaching $274.58. 6,840,359 shares of the stock were exchanged, compared to its average volume of 5,951,953. Visa Inc. has a twelve month low of $216.14 and a twelve month high of $290.96. 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 firm has a 50 day moving average of $279.32 and a 200 day moving average of $264.05. The stock has a market cap of $504.27 billion, a PE ratio of 30.67, a PEG ratio of 1.90 and a beta of 0.96.

Visa (NYSE:V) last released its quarterly earnings results on Tuesday, April 23rd. The credit-card processor reported $2.51 earnings per share for the quarter, topping analysts’ consensus estimates of $2.43 by $0.08. Visa had a return on equity of 51.23% and a net margin of 53.87%. The firm had revenue of $8.78 billion during the quarter, compared to the consensus estimate of $8.62 billion. During the same quarter in the prior year, the firm posted $2.09 EPS. The business’s revenue was up 9.9% on a year-over-year basis. On average, equities analysts expect that Visa Inc. will post 9.89 earnings per share for the current year.

Visa Dividend Announcement

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

Analysts Set New Price Targets

Several research analysts recently issued reports on the stock. Robert W. Baird upped their price target on shares of Visa from $314.00 to $320.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 17th. Wedbush upped their price target on shares of Visa from $280.00 to $300.00 and gave the stock an “outperform” rating in a research report on Wednesday. TD Cowen started coverage on shares of Visa in a research report on Thursday, April 11th. They set a “buy” rating and a $320.00 price target on the stock. Raymond James boosted their price objective on Visa from $287.00 to $311.00 and gave the stock an “outperform” rating in a report on Friday, January 26th. Finally, Oppenheimer boosted their price objective on Visa from $297.00 to $299.00 and gave the stock an “outperform” rating in a report on Wednesday. Five investment analysts have rated the stock with a hold rating and twenty have given a buy rating to the stock. According to data from MarketBeat.com, Visa presently has an average rating of “Moderate Buy” and a consensus price target of $302.58.

Insider Activity

In other news, CEO Ryan Mcinerney sold 8,200 shares of the stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $280.36, for a total value of $2,298,952.00. Following the completion of the sale, the chief executive officer now owns 538 shares of the company’s stock, valued at approximately $150,833.68. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In other Visa news, CEO Ryan Mcinerney sold 8,200 shares of the firm’s stock in a transaction on Monday, April 1st. The stock was sold at an average price of $280.36, for a total transaction of $2,298,952.00. Following the completion of the sale, the chief executive officer now owns 538 shares of the company’s stock, valued at approximately $150,833.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Peter M. Andreski sold 2,615 shares of the firm’s stock in a transaction on Wednesday, February 7th. The shares were sold at an average price of $278.88, for a total value of $729,271.20. Following the sale, the chief accounting officer now directly owns 4,898 shares of the company’s stock, valued at approximately $1,365,954.24. The disclosure for this sale can be found here. In the last 90 days, insiders sold 18,965 shares of company stock valued at $5,256,352. 0.19% of the stock is owned by insiders.

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.