Parker Financial LLC Has $241,000 Holdings in Visa Inc. (NYSE:V)

Parker Financial LLC raised its stake in Visa Inc. (NYSE:V) by 4.8% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 925 shares of the credit-card processor’s stock after buying an additional 42 shares during the quarter. Parker Financial LLC’s holdings in Visa were worth $241,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the stock. BCK Partners Inc. bought a new stake in Visa in the first quarter worth approximately $2,717,000. Markel Corp boosted its holdings in shares of Visa by 0.3% during the 1st quarter. Markel Corp now owns 961,105 shares of the credit-card processor’s stock worth $213,144,000 after buying an additional 3,065 shares during the period. AMI Investment Management Inc. bought a new stake in shares of Visa during the 1st quarter worth $2,323,000. Ergoteles LLC bought a new stake in shares of Visa during the 1st quarter worth $538,000. Finally, XTX Topco Ltd bought a new stake in Visa in the 1st quarter valued at $1,496,000. Institutional investors and hedge funds own 82.15% of the company’s stock.

Visa Price Performance

V traded down $0.24 during midday trading on Thursday, hitting $278.78. The company had a trading volume of 5,844,191 shares, compared to its average volume of 5,650,746. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.45 and a current ratio of 1.45. The company has a market capitalization of $511.98 billion, a PE ratio of 32.16, a P/E/G ratio of 1.94 and a beta of 0.96. Visa Inc. has a twelve month low of $216.14 and a twelve month high of $290.96. The firm’s 50-day simple moving average is $279.11 and its 200-day simple moving average is $258.66.

Visa (NYSE:V) last posted its quarterly earnings data on Thursday, January 25th. The credit-card processor reported $2.41 earnings per share for the quarter, beating the consensus estimate of $2.34 by $0.07. The firm had revenue of $8.63 billion during the quarter, compared to analysts’ expectations of $8.55 billion. Visa had a net margin of 53.92% and a return on equity of 50.02%. The company’s quarterly revenue was up 9.3% compared to the same quarter last year. During the same quarter last year, the company posted $2.18 EPS. Equities research analysts predict that Visa Inc. will post 9.89 EPS for the current fiscal year.

Visa Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, March 1st. Stockholders of record on Friday, February 9th were paid a $0.52 dividend. This represents a $2.08 annualized dividend and a dividend yield of 0.75%. The ex-dividend date was Thursday, February 8th. Visa’s dividend payout ratio (DPR) is presently 23.94%.

Insider Activity

In related news, insider Rajat Taneja sold 36,546 shares of Visa stock in a transaction that occurred on Friday, January 19th. The shares were sold at an average price of $270.20, for a total transaction of $9,874,729.20. Following the transaction, the insider now owns 232,112 shares of the company’s stock, valued at approximately $62,716,662.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Visa news, CAO Peter M. Andreski sold 2,615 shares of the firm’s stock in a transaction that occurred on Wednesday, February 7th. The shares were sold at an average price of $278.88, for a total transaction of $729,271.20. Following the sale, the chief accounting officer now directly owns 4,898 shares in the company, valued at approximately $1,365,954.24. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Rajat Taneja sold 36,546 shares of the firm’s stock in a transaction that occurred on Friday, January 19th. The stock was sold at an average price of $270.20, for a total transaction of $9,874,729.20. Following the sale, the insider now owns 232,112 shares in the company, valued at $62,716,662.40. The disclosure for this sale can be found here. In the last quarter, insiders have sold 47,311 shares of company stock valued at $12,832,129. 0.19% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on V shares. Keefe, Bruyette & Woods increased their price target on shares of Visa from $305.00 to $315.00 and gave the company an “outperform” rating in a report on Friday, January 26th. Evercore ISI increased their price target on shares of Visa from $325.00 to $335.00 and gave the company an “outperform” rating in a report on Tuesday. KeyCorp increased their price target on shares of Visa from $275.00 to $300.00 and gave the company an “overweight” rating in a report on Monday, January 8th. Raymond James increased their price target on shares of Visa from $287.00 to $311.00 and gave the company an “outperform” rating in a report on Friday, January 26th. Finally, Royal Bank of Canada increased their price objective on shares of Visa from $290.00 to $309.00 and gave the company an “outperform” rating in a research note on Friday, January 26th. Five analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the stock. Based on data from MarketBeat, Visa currently has a consensus rating of “Moderate Buy” and an average price target of $295.82.

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.