PDS Planning Inc Raises Stock Position in Visa Inc. (NYSE:V)

PDS Planning Inc grew its holdings in shares of Visa Inc. (NYSE:V) by 7.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,436 shares of the credit-card processor’s stock after purchasing an additional 571 shares during the period. PDS Planning Inc’s holdings in Visa were worth $2,196,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of V. Aspire Private Capital LLC increased its stake in shares of Visa by 4.3% during the fourth quarter. Aspire Private Capital LLC now owns 3,189 shares of the credit-card processor’s stock worth $830,000 after buying an additional 131 shares during the period. Garrison Asset Management LLC increased its stake in Visa by 63.2% in the fourth quarter. Garrison Asset Management LLC now owns 1,882 shares of the credit-card processor’s stock valued at $490,000 after purchasing an additional 729 shares during the last quarter. RWA Wealth Partners LLC increased its stake in Visa by 120.5% in the fourth quarter. RWA Wealth Partners LLC now owns 175,196 shares of the credit-card processor’s stock valued at $45,612,000 after purchasing an additional 95,756 shares during the last quarter. Sage Mountain Advisors LLC increased its stake in Visa by 7.9% in the fourth quarter. Sage Mountain Advisors LLC now owns 10,722 shares of the credit-card processor’s stock valued at $2,791,000 after purchasing an additional 788 shares during the last quarter. Finally, Townsend Asset Management Corp NC ADV boosted its holdings in shares of Visa by 1.4% in the fourth quarter. Townsend Asset Management Corp NC ADV now owns 31,205 shares of the credit-card processor’s stock valued at $8,124,000 after acquiring an additional 432 shares during the period. 82.15% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

V has been the subject of several research analyst reports. Keefe, Bruyette & Woods increased their price objective on Visa from $305.00 to $315.00 and gave the company an “outperform” rating in a report on Friday, January 26th. Redburn Atlantic reaffirmed a “neutral” rating and set a $307.00 price target on shares of Visa in a report on Wednesday, March 27th. Susquehanna increased their price target on Visa from $300.00 to $326.00 and gave the stock a “positive” rating in a report on Friday, January 26th. William Blair reiterated an “outperform” rating on shares of Visa in a research report on Friday, January 26th. Finally, UBS Group increased their price objective on Visa from $305.00 to $315.00 and gave the stock a “buy” rating in a research report on Friday, January 26th. Five equities research analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $300.48.

Visa Stock Performance

Shares of V opened at $274.23 on Wednesday. The business’s fifty day moving average price is $279.49 and its 200 day moving average price is $263.90. Visa Inc. has a 12-month low of $216.14 and a 12-month high of $290.96. The stock has a market capitalization of $503.63 billion, a PE ratio of 31.56, a price-to-earnings-growth ratio of 1.88 and a beta of 0.96. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.45 and a quick ratio of 1.45.

Visa (NYSE:V) last announced its quarterly earnings data 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. 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 analysts’ expectations of $8.55 billion. During the same period last year, the business posted $2.18 earnings per share. The firm’s revenue for the quarter was up 9.3% on a year-over-year basis. Equities research analysts forecast that Visa Inc. will post 9.88 EPS for the current year.

Visa Dividend Announcement

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

Insiders Place Their Bets

In other Visa news, CEO Ryan Mcinerney sold 8,150 shares of the stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $273.39, for a total value of $2,228,128.50. The sale was disclosed in a document filed with the SEC, which is available through this link. In other news, CAO Peter M. Andreski sold 2,615 shares of the firm’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 transaction, the chief accounting officer now directly owns 4,898 shares of the company’s stock, valued at $1,365,954.24. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Ryan Mcinerney sold 8,150 shares of the firm’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 18,965 shares of company stock valued at $5,256,352 over the last three months. Company insiders own 0.19% of the company’s stock.

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.