17 Capital Partners LLC Has $399,000 Position in Visa Inc. (NYSE:V)

17 Capital Partners LLC grew its holdings in Visa Inc. (NYSE:V) by 21.7% during the 4th quarter, HoldingsChannel reports. The firm owned 1,263 shares of the credit-card processor’s stock after acquiring an additional 225 shares during the quarter. 17 Capital Partners LLC’s holdings in Visa were worth $399,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently made changes to their positions in V. Peterson Financial Group Inc. acquired a new stake in Visa during the third quarter worth about $26,000. Decker Retirement Planning Inc. acquired a new stake in Visa during the fourth quarter worth about $26,000. Reston Wealth Management LLC acquired a new stake in Visa during the third quarter worth about $31,000. Modus Advisors LLC acquired a new stake in Visa during the fourth quarter worth about $32,000. Finally, Sugar Maple Asset Management LLC acquired a new stake in Visa during the fourth quarter worth about $44,000. 82.15% of the stock is owned by institutional investors and hedge funds.

Visa Stock Performance

V stock opened at $350.88 on Wednesday. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.12 and a quick ratio of 1.28. The company has a 50 day moving average price of $321.77 and a 200 day moving average price of $296.88. Visa Inc. has a fifty-two week low of $252.70 and a fifty-two week high of $352.12. The stock has a market capitalization of $651.85 billion, a PE ratio of 35.37, a price-to-earnings-growth ratio of 2.32 and a beta of 0.97.

Visa (NYSE:V) last posted its quarterly earnings data on Thursday, January 30th. The credit-card processor reported $2.75 earnings per share for the quarter, topping the consensus estimate of $2.66 by $0.09. Visa had a net margin of 54.27% and a return on equity of 54.79%. Analysts forecast that Visa Inc. will post 11.27 EPS for the current year.

Visa Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 3rd. Investors of record on Tuesday, February 11th will be given a $0.59 dividend. This represents a $2.36 annualized dividend and a yield of 0.67%. The ex-dividend date is Tuesday, February 11th. Visa’s dividend payout ratio (DPR) is presently 23.79%.

Insider Buying and Selling

In other Visa news, insider Paul D. Fabara sold 2,171 shares of Visa stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $307.97, for a total transaction of $668,602.87. Following the completion of the sale, the insider now owns 17,894 shares of the company’s stock, valued at approximately $5,510,815.18. The trade was a 10.82 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Peter M. Andreski sold 2,332 shares of Visa stock in a transaction on Friday, February 7th. The stock was sold at an average price of $349.62, for a total transaction of $815,313.84. Following the sale, the chief accounting officer now directly owns 4,488 shares of the company’s stock, valued at $1,569,094.56. This represents a 34.19 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 58,056 shares of company stock worth $19,830,050 in the last quarter. Insiders own 0.13% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have commented on V shares. Bank of America raised their price target on shares of Visa from $331.00 to $363.00 and gave the stock a “neutral” rating in a research note on Friday, January 31st. JPMorgan Chase & Co. raised their price target on shares of Visa from $340.00 to $375.00 and gave the stock an “overweight” rating in a research note on Friday, January 31st. Macquarie raised their price target on shares of Visa from $300.00 to $335.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 30th. Deutsche Bank Aktiengesellschaft raised their price target on shares of Visa from $300.00 to $340.00 and gave the stock a “buy” rating in a research note on Wednesday, October 30th. Finally, Morgan Stanley raised their price target on shares of Visa from $326.00 to $371.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 18th. Four investment analysts have rated the stock with a hold rating, twenty-five have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $354.73.

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.