Nadler Financial Group Inc. Raises Position in Visa Inc. (NYSE:V)

Nadler Financial Group Inc. lifted its position in shares of Visa Inc. (NYSE:V) by 2.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,900 shares of the credit-card processor’s stock after buying an additional 44 shares during the period. Nadler Financial Group Inc.’s holdings in Visa were worth $495,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Altshuler Shaham Ltd acquired a new stake in Visa in the 3rd quarter valued at $25,000. O Brien Wealth Partners LLC bought a new position in shares of Visa during the fourth quarter worth about $32,000. Nalls Sherbakoff Group LLC lifted its position in shares of Visa by 545.5% during the third quarter. Nalls Sherbakoff Group LLC now owns 142 shares of the credit-card processor’s stock worth $33,000 after purchasing an additional 120 shares during the last quarter. Valued Wealth Advisors LLC bought a new position in shares of Visa during the fourth quarter worth about $37,000. Finally, Macroview Investment Management LLC lifted its position in shares of Visa by 1,019.2% during the third quarter. Macroview Investment Management LLC now owns 291 shares of the credit-card processor’s stock worth $67,000 after purchasing an additional 265 shares during the last quarter. 82.15% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on V shares. Evercore ISI increased their price target 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. Royal Bank of Canada raised their target price on shares of Visa from $309.00 to $315.00 and gave the stock an “outperform” rating in a report on Wednesday. Redburn Atlantic reissued a “neutral” rating and issued a $307.00 target price on shares of Visa in a report on Wednesday, March 27th. UBS Group raised their target price on shares of Visa from $315.00 to $325.00 and gave the stock a “buy” rating in a report on Wednesday. Finally, Macquarie raised their target price on shares of Visa from $290.00 to $300.00 and gave the stock an “outperform” rating in a report on Wednesday. Five investment analysts have rated the stock with a hold rating and twenty have given a buy rating to the company. According to data from MarketBeat.com, Visa presently has an average rating of “Moderate Buy” and an average target price of $302.58.

Insider Activity at Visa

In other Visa 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 value of $2,228,128.50. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other Visa 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 value of $729,271.20. Following the transaction, the chief accounting officer now owns 4,898 shares of the company’s stock, valued at $1,365,954.24. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 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 18,965 shares of company stock worth $5,256,352 over the last quarter. 0.19% of the stock is currently owned by company insiders.

Visa Price Performance

Shares of NYSE V traded up $0.40 during mid-day trading on Thursday, reaching $275.42. 3,980,400 shares of the company traded hands, compared to its average volume of 5,884,953. Visa Inc. has a fifty-two week low of $216.14 and a fifty-two week high of $290.96. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.45 and a quick ratio of 1.45. The firm has a market cap of $505.81 billion, a PE ratio of 30.80, a price-to-earnings-growth ratio of 1.89 and a beta of 0.96. The stock has a fifty day simple moving average of $279.44 and a 200-day simple moving average of $263.97.

Visa (NYSE:V) last posted its quarterly earnings data on Tuesday, April 23rd. The credit-card processor reported $2.51 EPS for the quarter, beating analysts’ consensus estimates of $2.43 by $0.08. Visa had a net margin of 53.87% and a return on equity of 51.72%. The business had revenue of $8.78 billion for the quarter, compared to analyst estimates of $8.62 billion. During the same quarter last year, the business earned $2.09 earnings per share. The business’s revenue for the quarter was up 9.9% on a year-over-year basis. Equities research analysts anticipate that Visa Inc. will post 9.88 EPS for the current fiscal year.

Visa Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 3rd. Investors of record on Friday, May 17th will be paid a dividend of $0.52 per share. The ex-dividend date of this dividend is Thursday, May 16th. This represents a $2.08 dividend on an annualized basis and a dividend yield of 0.76%. Visa’s dividend payout ratio is presently 23.24%.

About Visa

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.