28,662 Shares in Visa Inc. (NYSE:V) Bought by Fisher Funds Management LTD

Fisher Funds Management LTD bought a new position in shares of Visa Inc. (NYSE:V) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 28,662 shares of the credit-card processor’s stock, valued at approximately $9,058,000.

Several other large investors have also bought and sold shares of the stock. Pinnacle Financial Partners Inc raised its position in Visa by 0.6% during the 4th quarter. Pinnacle Financial Partners Inc now owns 430,976 shares of the credit-card processor’s stock worth $128,292,000 after purchasing an additional 2,369 shares during the last quarter. Capital City Trust Co. FL raised its position in shares of Visa by 1.0% in the 4th quarter. Capital City Trust Co. FL now owns 25,702 shares of the credit-card processor’s stock worth $8,123,000 after acquiring an additional 264 shares in the last quarter. Callan Capital LLC raised its position in shares of Visa by 8.2% in the 4th quarter. Callan Capital LLC now owns 3,024 shares of the credit-card processor’s stock worth $956,000 after acquiring an additional 230 shares in the last quarter. Redmond Asset Management LLC raised its position in shares of Visa by 49.5% in the 4th quarter. Redmond Asset Management LLC now owns 25,806 shares of the credit-card processor’s stock worth $8,156,000 after acquiring an additional 8,549 shares in the last quarter. Finally, Turning Point Benefit Group Inc. bought a new position in shares of Visa in the 4th quarter worth about $405,000. 82.15% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

V has been the subject of several research analyst reports. Wells Fargo & Company lifted their price objective on Visa from $360.00 to $395.00 and gave the stock an “overweight” rating in a research report on Friday, January 31st. TD Cowen lifted their price objective on Visa from $318.00 to $325.00 and gave the stock a “buy” rating in a research report on Wednesday, October 30th. William Blair reissued an “outperform” rating on shares of Visa in a research report on Friday, January 31st. Citigroup reissued a “neutral” rating on shares of Visa in a research report on Thursday, February 13th. Finally, Barclays boosted their target price on Visa from $361.00 to $396.00 and gave the company an “overweight” rating in a research report on Monday, February 3rd. Six equities research analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $353.96.

Insider Buying and Selling

In other Visa news, CAO Peter M. Andreski sold 2,332 shares of the business’s stock in a transaction on Friday, February 7th. The shares were sold at an average price of $349.62, for a total transaction of $815,313.84. Following the sale, the chief accounting officer now owns 4,488 shares of the company’s stock, valued at $1,569,094.56. The trade was a 34.19 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Tullier Kelly Mahon sold 33,741 shares of the business’s stock in a transaction on Friday, February 7th. The shares were sold at an average price of $349.77, for a total transaction of $11,801,589.57. Following the sale, the insider now directly owns 36,566 shares in the company, valued at $12,789,689.82. The trade was a 47.99 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 55,885 shares of company stock valued at $19,161,447. 0.13% of the stock is owned by company insiders.

Visa Price Performance

Shares of NYSE V opened at $349.46 on Tuesday. Visa Inc. has a twelve month low of $252.70 and a twelve month high of $357.15. The stock’s 50 day moving average price is $329.81 and its 200-day moving average price is $303.29. The company has a market capitalization of $649.21 billion, a PE ratio of 35.23, a PEG ratio of 2.33 and a beta of 0.97. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.45.

Visa (NYSE:V) last announced its earnings results on Thursday, January 30th. The credit-card processor reported $2.75 earnings per share for the quarter, topping analysts’ consensus estimates of $2.66 by $0.09. Visa had a return on equity of 54.79% and a net margin of 54.27%. On average, equities analysts anticipate that Visa Inc. will post 11.3 EPS for the current year.

Visa Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, March 3rd. Investors of record on Tuesday, February 11th will be issued a $0.59 dividend. The ex-dividend date is Tuesday, February 11th. This represents a $2.36 dividend on an annualized basis and a dividend yield of 0.68%. Visa’s dividend payout ratio (DPR) is presently 23.79%.

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.