Hexagon Capital Partners LLC Buys 451 Shares of Visa Inc. (NYSE:V)

Hexagon Capital Partners LLC lifted its stake in shares of Visa Inc. (NYSE:V) by 14.3% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 3,597 shares of the credit-card processor’s stock after purchasing an additional 451 shares during the period. Hexagon Capital Partners LLC’s holdings in Visa were worth $936,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in V. International Assets Investment Management LLC grew its holdings in Visa by 17,418.7% in the 4th quarter. International Assets Investment Management LLC now owns 4,737,229 shares of the credit-card processor’s stock valued at $1,233,338,000 after buying an additional 4,710,188 shares in the last quarter. FMR LLC grew its holdings in Visa by 4.7% in the 3rd quarter. FMR LLC now owns 50,357,747 shares of the credit-card processor’s stock valued at $11,582,785,000 after buying an additional 2,257,605 shares in the last quarter. J.P. Morgan Private Wealth Advisors LLC acquired a new position in Visa in the 3rd quarter valued at $358,349,000. The Manufacturers Life Insurance Company grew its holdings in Visa by 34.1% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 3,929,979 shares of the credit-card processor’s stock valued at $903,955,000 after buying an additional 999,167 shares in the last quarter. Finally, Envestnet Asset Management Inc. grew its holdings in shares of Visa by 28.0% during the 3rd quarter. Envestnet Asset Management Inc. now owns 3,983,190 shares of the credit-card processor’s stock worth $916,174,000 after purchasing an additional 871,439 shares in the last quarter. 82.15% of the stock is owned by institutional investors and hedge funds.

Visa Trading Down 1.2 %

Visa stock traded down $3.20 during trading hours on Tuesday, hitting $268.64. The stock had a trading volume of 6,375,486 shares, compared to its average volume of 5,935,847. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 0.53. The stock has a market cap of $493.36 billion, a price-to-earnings ratio of 30.02, a P/E/G ratio of 1.89 and a beta of 0.96. Visa Inc. has a one year low of $216.14 and a one year high of $290.96. The business’s 50 day simple moving average is $278.98 and its 200-day simple moving average is $265.19.

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

Visa Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, June 3rd. Stockholders of record on Friday, May 17th will be paid a $0.52 dividend. The ex-dividend date is Thursday, May 16th. This represents a $2.08 annualized dividend and a dividend yield of 0.77%. Visa’s payout ratio is 23.24%.

Insider Activity

In other news, Director Lloyd Carney sold 909 shares of the stock in a transaction dated Friday, April 26th. The stock was sold at an average price of $275.55, for a total value of $250,474.95. Following the completion of the sale, the director now owns 2,591 shares of the company’s stock, valued at $713,950.05. The sale was disclosed in a legal filing with the SEC, which is available at this link. In related news, Director Lloyd Carney sold 909 shares of the firm’s stock in a transaction that occurred on Friday, April 26th. The stock was sold at an average price of $275.55, for a total transaction of $250,474.95. Following the completion of the sale, the director now owns 2,591 shares of the company’s stock, valued at $713,950.05. The transaction 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 that occurred on Wednesday, February 7th. The stock was 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. Over the last quarter, insiders sold 19,874 shares of company stock valued at $5,506,827. Company insiders own 0.19% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the company. Evercore ISI increased their target price on Visa from $325.00 to $335.00 and gave the stock an “outperform” rating in a report on Tuesday, March 26th. Macquarie increased their target price on Visa from $290.00 to $300.00 and gave the stock an “outperform” rating in a report on Wednesday, April 24th. UBS Group increased their target price on Visa from $315.00 to $325.00 and gave the stock a “buy” rating in a report on Wednesday, April 24th. Raymond James increased their target price on Visa from $287.00 to $311.00 and gave the stock an “outperform” rating in a report on Friday, January 26th. Finally, Royal Bank of Canada increased their target price on Visa from $309.00 to $315.00 and gave the stock an “outperform” rating in a report on Wednesday, April 24th. Five investment analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $302.58.

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.