Platform Technology Partners Acquires 1,660 Shares of Visa Inc. (NYSE:V)

Platform Technology Partners lifted its holdings in shares of Visa Inc. (NYSE:VFree Report) by 20.0% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,969 shares of the credit-card processor’s stock after buying an additional 1,660 shares during the period. Visa makes up 1.1% of Platform Technology Partners’ portfolio, making the stock its 20th biggest position. Platform Technology Partners’ holdings in Visa were worth $2,293,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Hibernia Wealth Partners LLC bought a new position in shares of Visa in the third quarter worth about $25,000. West Tower Group LLC bought a new stake in Visa during the 2nd quarter valued at approximately $30,000. Financial Freedom LLC bought a new stake in Visa during the 4th quarter valued at approximately $32,000. Nalls Sherbakoff Group LLC grew its holdings in Visa by 545.5% during the 3rd quarter. Nalls Sherbakoff Group LLC now owns 142 shares of the credit-card processor’s stock valued at $33,000 after buying an additional 120 shares in the last quarter. Finally, FNY Investment Advisers LLC grew its holdings in Visa by 227.7% during the 3rd quarter. FNY Investment Advisers LLC now owns 154 shares of the credit-card processor’s stock valued at $35,000 after buying an additional 107 shares in the last quarter. Institutional investors own 81.35% of the company’s stock.

Visa Stock Down 0.2 %

NYSE V traded down $0.46 on Tuesday, reaching $275.12. 1,132,114 shares of the stock traded hands, compared to its average volume of 5,531,057. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.45 and a current ratio of 1.45. The company has a fifty day moving average price of $262.82 and a 200-day moving average price of $248.35. The company has a market cap of $505.26 billion, a price-to-earnings ratio of 31.71, a PEG 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.

Visa (NYSE:VGet Free Report) last released its quarterly earnings results on Thursday, January 25th. The credit-card processor reported $2.41 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 analyst estimates of $8.55 billion. Visa had a return on equity of 50.02% and a net margin of 53.92%. The business’s revenue for the quarter was up 9.3% compared to the same quarter last year. During the same period in the previous year, the company posted $2.18 EPS. As a group, research analysts forecast that Visa Inc. will post 9.91 EPS for the current fiscal year.

Visa Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 1st. Investors of record on Friday, February 9th will be given a dividend of $0.52 per share. This represents a $2.08 annualized dividend and a yield of 0.76%. The ex-dividend date is Thursday, February 8th. Visa’s dividend payout ratio is currently 23.94%.

Insider Buying and Selling at Visa

In other Visa news, CEO Ryan Mcinerney sold 8,150 shares of the stock in a transaction dated Friday, December 1st. The stock was sold at an average price of $255.79, for a total value of $2,084,688.50. Following the completion of the sale, the chief executive officer now directly owns 29,152 shares in the company, valued at $7,456,790.08. The transaction was disclosed in a document filed with the SEC, which is available at this link. In other news, insider Rajat Taneja sold 36,546 shares of the stock in a transaction dated Friday, January 19th. The stock was sold at an average price of $270.20, for a total value of $9,874,729.20. Following the transaction, the insider now directly owns 232,112 shares of the company’s stock, valued at $62,716,662.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Ryan Mcinerney sold 8,150 shares of the stock in a transaction dated Friday, December 1st. The shares were sold at an average price of $255.79, for a total value of $2,084,688.50. Following the completion of the transaction, the chief executive officer now directly owns 29,152 shares in the company, valued at $7,456,790.08. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 94,857 shares of company stock worth $24,966,149. 0.19% of the stock is owned by insiders.

Analyst Ratings Changes

V has been the subject of a number of recent research reports. William Blair reiterated an “outperform” rating on shares of Visa in a report on Friday, January 26th. JPMorgan Chase & Co. dropped their target price on Visa from $296.00 to $293.00 and set an “overweight” rating for the company in a report on Monday, October 9th. Raymond James lifted 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. Royal Bank of Canada lifted their target price on Visa from $290.00 to $309.00 and gave the stock an “outperform” rating in a report on Friday, January 26th. Finally, Mizuho lifted their target price on Visa from $243.00 to $265.00 and gave the stock a “neutral” rating in a report on Thursday, January 18th. Four investment analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company. Based on data from MarketBeat.com, Visa has a consensus rating of “Moderate Buy” and an average price target of $290.55.

View Our Latest Report on Visa

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.

Further Reading

Want to see what other hedge funds are holding V? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Visa Inc. (NYSE:VFree Report).

Institutional Ownership by Quarter for Visa (NYSE:V)

Receive News & Ratings for Visa Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Visa and related companies with MarketBeat.com's FREE daily email newsletter.