Visa Inc. (NYSE:V) Shares Purchased by D.A. Davidson & CO.

D.A. Davidson & CO. raised its position in Visa Inc. (NYSE:VFree Report) by 1.4% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 343,107 shares of the credit-card processor’s stock after purchasing an additional 4,852 shares during the quarter. Visa accounts for approximately 0.9% of D.A. Davidson & CO.’s portfolio, making the stock its 18th largest position. D.A. Davidson & CO.’s holdings in Visa were worth $78,918,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. BCK Partners Inc. acquired a new position in shares of Visa in the first quarter worth $2,717,000. Markel Corp grew its stake in shares of Visa by 0.3% during the first quarter. Markel Corp now owns 961,105 shares of the credit-card processor’s stock worth $213,144,000 after purchasing an additional 3,065 shares in the last quarter. AMI Investment Management Inc. acquired a new position in shares of Visa during the first quarter worth $2,323,000. Ergoteles LLC acquired a new position in shares of Visa during the first quarter worth $538,000. Finally, XTX Topco Ltd acquired a new position in shares of Visa during the first quarter worth $1,496,000. Hedge funds and other institutional investors own 81.35% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently commented on V. Oppenheimer boosted their target price on shares of Visa from $248.00 to $252.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 18th. Citigroup boosted their target price on shares of Visa from $296.00 to $306.00 and gave the stock a “buy” rating in a research note on Thursday, January 18th. Seaport Res Ptn reiterated a “neutral” rating on shares of Visa in a research note on Thursday, October 12th. 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 note on Friday, January 26th. Finally, William Blair restated an “outperform” rating on shares of Visa in a research note on Friday, January 26th. Four investment analysts have rated the stock with a hold rating and seventeen have given a buy rating to the stock. According to MarketBeat.com, Visa has a consensus rating of “Moderate Buy” and an average price target of $290.55.

Get Our Latest Analysis on Visa

Insider Buying and Selling

In other Visa news, insider Rajat Taneja sold 36,546 shares of the company’s stock in a transaction dated Friday, January 19th. The shares were sold at an average price of $270.20, for a total transaction of $9,874,729.20. Following the transaction, the insider now directly owns 232,112 shares in the company, valued at $62,716,662.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other Visa news, insider Rajat Taneja sold 36,546 shares of the company’s stock in a transaction dated Friday, January 19th. The shares were sold at an average price of $270.20, for a total transaction of $9,874,729.20. Following the transaction, the insider now directly owns 232,112 shares in the company, valued at $62,716,662.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Ryan Mcinerney sold 8,150 shares of the company’s stock in a transaction dated Friday, December 1st. The stock was sold at an average price of $255.79, for a total transaction of $2,084,688.50. Following the transaction, the chief executive officer now owns 29,152 shares in the company, valued at $7,456,790.08. The disclosure for this sale can be found here. Insiders sold 86,707 shares of company stock valued at $22,738,021 over the last ninety days. Corporate insiders own 0.19% of the company’s stock.

Visa Stock Performance

NYSE V traded down $1.43 during trading hours on Monday, hitting $275.75. 2,519,096 shares of the stock were exchanged, compared to its average volume of 5,613,789. The company has a market cap of $506.42 billion, a price-to-earnings ratio of 31.80, a price-to-earnings-growth ratio of 1.91 and a beta of 0.97. Visa Inc. has a 12-month low of $208.76 and a 12-month high of $279.99. The stock has a 50-day moving average of $262.39 and a 200 day moving average of $248.10. The company has a quick ratio of 1.45, a current ratio of 1.45 and a debt-to-equity ratio of 0.54.

Visa (NYSE:VGet Free Report) last posted its quarterly earnings results on Thursday, January 25th. The credit-card processor reported $2.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.34 by $0.07. The firm had revenue of $8.63 billion during the quarter, compared to analysts’ expectations of $8.55 billion. Visa had a net margin of 53.92% and a return on equity of 50.02%. The firm’s revenue for the quarter was up 9.3% on a year-over-year basis. During the same period in the prior year, the company posted $2.18 earnings per share. As a group, equities research analysts forecast that Visa Inc. will post 9.91 earnings per share for the current year.

Visa Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 1st. Investors of record on Friday, February 9th will be issued a dividend of $0.52 per share. The ex-dividend date of this dividend is Thursday, February 8th. This represents a $2.08 annualized dividend and a yield of 0.75%. Visa’s dividend payout ratio is currently 23.94%.

Visa Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Visa (NYSE:V)

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