Flputnam Investment Management Co. Purchases 5,862 Shares of Visa Inc. (NYSE:V)

Flputnam Investment Management Co. grew its position in shares of Visa Inc. (NYSE:V) by 2.9% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 210,075 shares of the credit-card processor’s stock after purchasing an additional 5,862 shares during the quarter. Visa comprises approximately 1.3% of Flputnam Investment Management Co.’s investment portfolio, making the stock its 14th largest position. Flputnam Investment Management Co.’s holdings in Visa were worth $54,693,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Hibernia Wealth Partners LLC bought a new position in Visa during the 3rd quarter worth approximately $25,000. Altshuler Shaham Ltd bought a new stake in shares of Visa in the 3rd quarter valued at $25,000. O Brien Wealth Partners LLC bought a new stake in shares of Visa in the 4th quarter valued at $32,000. Nalls Sherbakoff Group LLC increased its stake in shares of Visa by 545.5% in the 3rd quarter. Nalls Sherbakoff Group LLC now owns 142 shares of the credit-card processor’s stock valued at $33,000 after acquiring an additional 120 shares in the last quarter. Finally, Valued Wealth Advisors LLC bought a new stake in shares of Visa in the 4th quarter valued at $37,000. Institutional investors own 82.15% of the company’s stock.

Wall Street Analysts Forecast Growth

V has been the subject of several research analyst reports. TD Cowen initiated coverage on shares of Visa in a research note on Thursday, April 11th. They issued a “buy” rating and a $320.00 price objective for the company. Wells Fargo & Company lifted their price objective on shares of Visa from $300.00 to $325.00 and gave the company an “overweight” rating in a research note on Wednesday, March 6th. William Blair reiterated an “outperform” rating on shares of Visa in a research note on Friday, January 26th. Monness Crespi & Hardt assumed coverage on shares of Visa in a research note on Wednesday, December 20th. They issued a “neutral” rating for the company. Finally, Keefe, Bruyette & Woods boosted their price target on shares of Visa from $305.00 to $315.00 and gave the company an “outperform” rating in a research note on Friday, January 26th. Five research analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $296.87.

Insider Buying and Selling

In related news, insider Rajat Taneja sold 36,546 shares of the business’s stock in a transaction dated Friday, January 19th. The shares were sold at an average price of $270.20, for a total value of $9,874,729.20. Following the transaction, the insider now directly owns 232,112 shares of the company’s stock, valued at approximately $62,716,662.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In related news, insider Rajat Taneja sold 36,546 shares of the business’s stock in a transaction dated Friday, January 19th. The shares were sold at an average price of $270.20, for a total value of $9,874,729.20. Following the transaction, the insider now directly owns 232,112 shares of the company’s stock, valued at approximately $62,716,662.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Ryan Mcinerney sold 8,200 shares of the business’s stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $280.36, for a total transaction of $2,298,952.00. Following the completion of the transaction, the chief executive officer now directly owns 538 shares in the company, valued at $150,833.68. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 55,511 shares of company stock valued at $15,131,081. 0.19% of the stock is owned by insiders.

Visa Price Performance

V opened at $271.34 on Wednesday. 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 company has a market capitalization of $498.32 billion, a price-to-earnings ratio of 31.22, a P/E/G ratio of 1.87 and a beta of 0.96. The firm’s fifty day moving average price is $279.93 and its two-hundred day moving average price is $262.49. Visa Inc. has a 1 year low of $216.14 and a 1 year high of $290.96.

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

Visa Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 1st. Investors of record on Friday, February 9th were issued a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a dividend yield of 0.77%. The ex-dividend date of this dividend was Thursday, February 8th. Visa’s dividend payout ratio (DPR) is currently 23.94%.

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.