Obermeyer Wood Investment Counsel Lllp Purchases 947 Shares of Visa Inc. (NYSE:V)

Obermeyer Wood Investment Counsel Lllp grew its position in shares of Visa Inc. (NYSE:V) by 8.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 12,258 shares of the credit-card processor’s stock after purchasing an additional 947 shares during the quarter. Obermeyer Wood Investment Counsel Lllp’s holdings in Visa were worth $3,191,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Hibernia Wealth Partners LLC bought a new position in shares of Visa during the 3rd quarter valued at about $25,000. Altshuler Shaham Ltd bought a new position in Visa during the 3rd quarter worth approximately $25,000. O Brien Wealth Partners LLC bought a new position in Visa during the 4th quarter worth approximately $32,000. Financial Freedom LLC bought a new position in Visa during the 4th quarter worth approximately $32,000. Finally, Nalls Sherbakoff Group LLC grew its position in Visa by 545.5% during the 3rd quarter. Nalls Sherbakoff Group LLC now owns 142 shares of the credit-card processor’s stock worth $33,000 after acquiring an additional 120 shares during the last quarter. 82.15% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. Royal Bank of Canada raised their price target on Visa from $290.00 to $309.00 and gave the stock an “outperform” rating in a research report on Friday, January 26th. William Blair restated an “outperform” rating on shares of Visa in a research report on Friday, January 26th. Mizuho restated a “neutral” rating and set a $265.00 price target on shares of Visa in a research report on Wednesday, March 27th. UBS Group raised their price target on Visa from $305.00 to $315.00 and gave the stock a “buy” rating in a research report on Friday, January 26th. Finally, Robert W. Baird lifted their price objective on Visa from $314.00 to $320.00 and gave the stock an “outperform” rating in a research report on Wednesday. Five analysts have rated the stock with a hold rating and nineteen have given a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $298.43.

Visa Trading Down 0.6 %

Visa stock opened at $269.71 on Friday. The company has a current ratio of 1.45, a quick ratio of 1.45 and a debt-to-equity ratio of 0.54. The business’s fifty day simple moving average is $279.58 and its two-hundred day simple moving average is $262.89. Visa Inc. has a 12 month low of $216.14 and a 12 month high of $290.96. The company has a market capitalization of $495.33 billion, a price-to-earnings ratio of 31.04, 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, 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 business 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 company posted $2.18 earnings per share. The company’s revenue for the quarter was up 9.3% compared to the same quarter last year. As a group, equities analysts predict that Visa Inc. will post 9.88 earnings per share for the current fiscal year.

Visa Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 1st. Stockholders of record on Friday, February 9th were issued a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a dividend yield of 0.77%. The ex-dividend date was Thursday, February 8th. Visa’s payout ratio is currently 23.94%.

Insider Activity

In other news, CEO Ryan Mcinerney sold 8,150 shares of the company’s stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $273.39, for a total transaction of $2,228,128.50. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In related news, CAO Peter M. Andreski sold 2,615 shares of the company’s stock in a transaction on Wednesday, February 7th. The stock was sold at an average price of $278.88, for a total transaction of $729,271.20. Following the completion of the sale, the chief accounting officer now owns 4,898 shares in the company, valued at $1,365,954.24. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Ryan Mcinerney sold 8,150 shares of the company’s stock in a transaction on Thursday, February 1st. The shares were sold at an average price of $273.39, for a total value of $2,228,128.50. The disclosure for this sale can be found here. Insiders have sold a total of 18,965 shares of company stock valued at $5,256,352 over the last ninety days. 0.19% of the stock is currently owned by corporate insiders.

Visa Company 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.