Roffman Miller Associates Inc. PA Raises Stake in Visa Inc. (NYSE:V)

Roffman Miller Associates Inc. PA raised its stake in shares of Visa Inc. (NYSE:VFree Report) by 1.8% in the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 118,248 shares of the credit-card processor’s stock after purchasing an additional 2,077 shares during the period. Visa accounts for about 2.2% of Roffman Miller Associates Inc. PA’s investment portfolio, making the stock its 19th biggest holding. Roffman Miller Associates Inc. PA’s holdings in Visa were worth $27,198,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of V. BCK Partners Inc. purchased a new position in Visa in the 1st quarter worth approximately $2,717,000. Markel Corp lifted its holdings in shares of Visa by 0.3% in the first quarter. Markel Corp now owns 961,105 shares of the credit-card processor’s stock worth $213,144,000 after buying an additional 3,065 shares in the last quarter. AMI Investment Management Inc. bought a new position in shares of Visa during the first quarter worth $2,323,000. Ergoteles LLC purchased a new position in Visa during the first quarter valued at $538,000. Finally, XTX Topco Ltd bought a new stake in Visa in the 1st quarter valued at $1,496,000. Hedge funds and other institutional investors own 81.35% of the company’s stock.

Analyst Ratings Changes

V has been the topic of several recent research reports. Royal Bank of Canada upped their price objective on Visa from $290.00 to $309.00 and gave the stock an “outperform” rating in a report on Friday, January 26th. Barclays upped their price target on shares of Visa from $304.00 to $319.00 and gave the company an “overweight” rating in a research note on Monday, January 29th. UBS Group boosted their target price on shares of Visa from $305.00 to $315.00 and gave the stock a “buy” rating in a report on Friday, January 26th. William Blair restated an “outperform” rating on shares of Visa in a research report on Friday, January 26th. Finally, Susquehanna lifted their price target on Visa from $300.00 to $326.00 and gave the stock a “positive” rating in a research report on Friday, January 26th. Four research analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $290.55.

Get Our Latest Report on V

Visa Stock Up 0.2 %

Shares of Visa stock traded up $0.65 on Friday, reaching $276.43. The stock had a trading volume of 4,618,283 shares, compared to its average volume of 5,667,899. Visa Inc. has a 1 year low of $208.76 and a 1 year high of $279.99. The company has a 50 day moving average price of $264.58 and a 200 day moving average price of $249.34. The company has a quick ratio of 1.45, a current ratio of 1.45 and a debt-to-equity ratio of 0.54. The stock has a market capitalization of $507.67 billion, a P/E ratio of 31.81, a P/E/G ratio of 1.91 and a beta of 0.97.

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

Visa Dividend Announcement

The company 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 $0.52 dividend. This represents a $2.08 annualized dividend and a dividend yield of 0.75%. The ex-dividend date of this dividend is Thursday, February 8th. Visa’s payout ratio is 23.94%.

Insider Buying and Selling

In related news, insider Rajat Taneja sold 9,200 shares of Visa stock in a transaction dated Friday, November 17th. The stock was sold at an average price of $250.01, for a total transaction of $2,300,092.00. Following the completion of the sale, the insider now owns 232,112 shares of the company’s stock, valued at $58,030,321.12. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, insider Rajat Taneja sold 9,200 shares of the business’s stock in a transaction on Friday, November 17th. The shares were sold at an average price of $250.01, for a total transaction of $2,300,092.00. Following the completion of the transaction, the insider now directly owns 232,112 shares in the company, valued at $58,030,321.12. 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 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 sale, the chief accounting officer now directly owns 4,898 shares in the company, valued at $1,365,954.24. The disclosure for this sale can be found here. Insiders sold 97,472 shares of company stock worth $25,695,420 in the last 90 days. Insiders own 0.19% of the company’s stock.

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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