DGS Capital Management LLC Grows Position in Visa Inc. (NYSE:V)

DGS Capital Management LLC increased its position in shares of Visa Inc. (NYSE:V) by 19.5% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 2,075 shares of the credit-card processor’s stock after buying an additional 338 shares during the period. DGS Capital Management LLC’s holdings in Visa were worth $540,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the company. Hibernia Wealth Partners LLC purchased a new position in Visa in the third quarter valued at approximately $25,000. Altshuler Shaham Ltd purchased a new position in Visa in the third quarter valued at approximately $25,000. O Brien Wealth Partners LLC purchased a new position in Visa in the fourth quarter valued at approximately $32,000. Financial Freedom LLC purchased a new position in Visa in the fourth quarter valued at approximately $32,000. Finally, Nalls Sherbakoff Group LLC increased its stake in Visa by 545.5% in the third quarter. Nalls Sherbakoff Group LLC now owns 142 shares of the credit-card processor’s stock valued at $33,000 after purchasing an additional 120 shares during the last quarter. 82.15% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

V has been the topic of several recent analyst reports. Barclays increased 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 raised their target price on shares of Visa from $305.00 to $315.00 and gave the stock a “buy” rating in a research report on Friday, January 26th. Susquehanna raised their target price on shares of Visa from $300.00 to $326.00 and gave the stock a “positive” rating in a research report on Friday, January 26th. Citigroup raised their target price on shares of Visa from $296.00 to $306.00 and gave the stock a “buy” rating in a research report on Thursday, January 18th. Finally, Evercore ISI raised their target price on shares of Visa from $325.00 to $335.00 and gave the stock an “outperform” rating in a research report on Tuesday, March 26th. Five analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $298.43.

Insider Activity

In other news, insider Rajat Taneja sold 36,546 shares of the firm’s stock in a transaction on 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 completion of the transaction, the insider now owns 232,112 shares in the company, valued at $62,716,662.40. The sale 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 firm’s stock in a transaction on 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 completion of the transaction, the insider now owns 232,112 shares in the company, valued at $62,716,662.40. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Ryan Mcinerney sold 8,200 shares of the firm’s stock in a transaction on Monday, April 1st. The shares were sold at an average price of $280.36, for a total value of $2,298,952.00. Following the completion of the transaction, the chief executive officer now owns 538 shares of the company’s stock, valued at approximately $150,833.68. The disclosure for this sale can be found here. Insiders sold a total of 55,511 shares of company stock worth $15,131,081 over the last 90 days. 0.19% of the stock is currently owned by corporate insiders.

Visa Price Performance

Visa stock opened at $272.69 on Thursday. 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 0.54, a quick ratio of 1.45 and a current ratio of 1.45. The business has a fifty day moving average of $279.80 and a two-hundred day moving average of $262.56. The company has a market cap of $500.80 billion, a P/E ratio of 31.38, a price-to-earnings-growth ratio of 1.87 and a beta of 0.96.

Visa (NYSE:V) last released its earnings results on Thursday, January 25th. The credit-card processor reported $2.41 EPS for the quarter, beating analysts’ consensus estimates of $2.34 by $0.07. Visa had a return on equity of 50.02% and a net margin of 53.92%. The company had revenue of $8.63 billion during the quarter, compared to the consensus estimate of $8.55 billion. During the same quarter last year, the company earned $2.18 earnings per share. Visa’s quarterly revenue was up 9.3% compared to the same quarter last year. As a group, analysts predict that Visa Inc. will post 9.88 earnings per share for the current fiscal year.

Visa Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, March 1st. Stockholders of record on Friday, February 9th were given a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a dividend yield of 0.76%. The ex-dividend date was Thursday, February 8th. Visa’s dividend payout ratio is currently 23.94%.

Visa 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.