Y.D. More Investments Ltd Has $3.38 Million Stock Position in Visa Inc. (NYSE:V)

Y.D. More Investments Ltd boosted its holdings in Visa Inc. (NYSE:V) by 9.2% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 12,975 shares of the credit-card processor’s stock after acquiring an additional 1,089 shares during the quarter. Y.D. More Investments Ltd’s holdings in Visa were worth $3,378,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in V. Nadler Financial Group Inc. lifted its position in shares of Visa by 2.4% during the 4th quarter. Nadler Financial Group Inc. now owns 1,900 shares of the credit-card processor’s stock valued at $495,000 after buying an additional 44 shares during the last quarter. Towerpoint Wealth LLC purchased a new position in shares of Visa during the 4th quarter valued at $216,000. Andrew Hill Investment Advisors Inc. purchased a new position in shares of Visa during the 4th quarter valued at $3,427,000. Wayfinding Financial LLC lifted its position in shares of Visa by 10.1% during the 3rd quarter. Wayfinding Financial LLC now owns 1,757 shares of the credit-card processor’s stock valued at $406,000 after buying an additional 161 shares during the last quarter. Finally, Richelieu Gestion SA purchased a new position in shares of Visa during the 4th quarter valued at $307,000. Institutional investors and hedge funds own 82.15% of the company’s stock.

Wall Street Analysts Forecast Growth

V has been the topic of a number of recent research reports. William Blair reaffirmed an “outperform” rating on shares of Visa in a research report on Wednesday, April 24th. Evercore ISI upped their price target on Visa from $325.00 to $335.00 and gave the company an “outperform” rating in a research report on Tuesday, March 26th. Mizuho reissued a “neutral” rating and set a $265.00 price objective on shares of Visa in a report on Wednesday, March 27th. Redburn Atlantic reissued a “neutral” rating and set a $307.00 price objective on shares of Visa in a report on Wednesday, March 27th. Finally, Barclays increased their price objective on Visa from $304.00 to $319.00 and gave the stock an “overweight” rating in a report on Monday, January 29th. Five investment analysts have rated the stock with a hold rating and twenty have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $302.58.

Visa Trading Down 0.5 %

Shares of NYSE V traded down $1.29 during trading hours on Wednesday, reaching $267.32. The stock had a trading volume of 6,041,262 shares, compared to its average volume of 5,937,083. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 0.53. The firm has a market cap of $490.94 billion, a price-to-earnings ratio of 29.86, a P/E/G ratio of 1.87 and a beta of 0.96. The business’s fifty day moving average price is $278.98 and its two-hundred day moving average price is $265.19. Visa Inc. has a 52-week low of $216.14 and a 52-week high of $290.96.

Visa (NYSE:V) last posted its 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. The company had revenue of $8.78 billion during the quarter, compared to analyst estimates of $8.62 billion. Visa had a return on equity of 51.23% and a net margin of 53.87%. Visa’s revenue was up 9.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.09 earnings per share. Analysts expect that Visa Inc. will post 9.9 EPS for the current fiscal year.

Visa Announces Dividend

The firm 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 dividend of $0.52 per share. The ex-dividend date of this dividend is Thursday, May 16th. This represents a $2.08 annualized dividend and a dividend yield of 0.78%. Visa’s dividend payout ratio is presently 23.24%.

Insider Activity

In other news, Director Lloyd Carney sold 909 shares of the stock in a transaction 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 in the company, valued at approximately $713,950.05. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, Director Lloyd Carney sold 909 shares of the company’s stock in a transaction on Friday, April 26th. The stock was sold at an average price of $275.55, for a total value of $250,474.95. Following the transaction, the director now directly owns 2,591 shares of the company’s stock, valued at approximately $713,950.05. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Ryan Mcinerney sold 8,150 shares of the company’s stock in a transaction on Thursday, February 1st. The shares were sold at an average price of $273.39, for a total value of $2,228,128.50. The disclosure for this sale can be found here. In the last quarter, insiders sold 19,874 shares of company stock worth $5,506,827. Insiders own 0.19% of the company’s stock.

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.