Visa Inc. (NYSE:V) Stock Position Lifted by Metis Global Partners LLC

Metis Global Partners LLC raised its stake in shares of Visa Inc. (NYSE:V) by 14.5% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 95,818 shares of the credit-card processor’s stock after buying an additional 12,148 shares during the period. Visa comprises about 1.0% of Metis Global Partners LLC’s investment portfolio, making the stock its 18th biggest holding. Metis Global Partners LLC’s holdings in Visa were worth $24,946,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. Altshuler Shaham Ltd bought a new position in shares of Visa during the 3rd quarter valued at $25,000. O Brien Wealth Partners LLC acquired a new stake in shares of Visa in the fourth quarter worth about $32,000. Valued Wealth Advisors LLC bought a new stake in shares of Visa during the 4th quarter worth about $37,000. Stuart Chaussee & Associates Inc. increased its holdings in shares of Visa by 66.2% during the 4th quarter. Stuart Chaussee & Associates Inc. now owns 236 shares of the credit-card processor’s stock valued at $61,000 after acquiring an additional 94 shares during the last quarter. Finally, Macroview Investment Management LLC raised its stake in shares of Visa by 1,019.2% in the 3rd quarter. Macroview Investment Management LLC now owns 291 shares of the credit-card processor’s stock valued at $67,000 after acquiring an additional 265 shares in the last quarter. 82.15% of the stock is currently owned by hedge funds and other institutional investors.

Visa Trading Up 0.3 %

Shares of V stock traded up $0.88 on Friday, reaching $268.49. 3,862,018 shares of the stock were exchanged, compared to its average volume of 6,930,902. The stock has a 50 day moving average price of $278.17 and a 200 day moving average price of $265.79. The stock has a market cap of $493.08 billion, a PE ratio of 30.00, a P/E/G ratio of 1.84 and a beta of 0.95. Visa Inc. has a one year low of $216.14 and a one year 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 1.40.

Visa (NYSE:V) last released its earnings results on Tuesday, April 23rd. The credit-card processor reported $2.51 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.43 by $0.08. Visa had a net margin of 53.87% and a return on equity of 51.23%. The company had revenue of $8.78 billion for the quarter, compared to the consensus estimate of $8.62 billion. During the same period in the prior year, the company posted $2.09 EPS. The company’s revenue was up 9.9% compared to the same quarter last year. Equities research analysts forecast that Visa Inc. will post 9.94 EPS for the current fiscal year.

Visa Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 3rd. Shareholders of record on Friday, May 17th will be issued a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a yield of 0.77%. The ex-dividend date of this dividend is Thursday, May 16th. Visa’s dividend payout ratio is presently 23.24%.

Analysts Set New Price Targets

Several equities analysts have commented on the company. Citigroup increased their price target on Visa from $314.00 to $321.00 and gave the company a “buy” rating in a report on Wednesday, April 24th. Royal Bank of Canada upped their target price on shares of Visa from $309.00 to $315.00 and gave the company an “outperform” rating in a research note on Wednesday, April 24th. Raymond James upped their price objective on shares of Visa from $287.00 to $311.00 and gave the company an “outperform” rating in a research report on Friday, January 26th. Macquarie boosted their price target on Visa from $290.00 to $300.00 and gave the company an “outperform” rating in a research note on Wednesday, April 24th. Finally, Keefe, Bruyette & Woods increased their price objective on Visa from $305.00 to $315.00 and gave the stock an “outperform” rating in a research note on Friday, January 26th. Five research analysts have rated the stock with a hold rating and twenty have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $303.00.

Insider Buying and Selling at Visa

In other Visa news, CAO Peter M. Andreski sold 2,615 shares of the stock in a transaction dated Wednesday, February 7th. The stock was sold at an average price of $278.88, for a total value of $729,271.20. Following the transaction, the chief accounting officer now owns 4,898 shares of the company’s stock, valued at $1,365,954.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In related news, CAO Peter M. Andreski sold 2,615 shares of the business’s stock in a transaction that occurred on 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 transaction, the chief accounting officer now owns 4,898 shares in the company, valued at $1,365,954.24. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Ryan Mcinerney sold 8,200 shares of the 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 in the company, valued at $150,833.68. The disclosure for this sale can be found here. In the last 90 days, insiders sold 11,724 shares of company stock worth $3,278,698. Insiders own 0.19% of the company’s stock.

About Visa

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.