Prism Advisors Inc. Increases Stock Position in Visa Inc. (NYSE:V)

Prism Advisors Inc. raised its position in shares of Visa Inc. (NYSE:V) by 29.9% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,302 shares of the credit-card processor’s stock after buying an additional 300 shares during the period. Prism Advisors Inc.’s holdings in Visa were worth $339,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in V. International Assets Investment Management LLC raised its holdings in Visa by 17,418.7% in the 4th quarter. International Assets Investment Management LLC now owns 4,737,229 shares of the credit-card processor’s stock worth $1,233,338,000 after purchasing an additional 4,710,188 shares in the last quarter. FMR LLC raised its holdings in Visa by 4.7% in the 3rd quarter. FMR LLC now owns 50,357,747 shares of the credit-card processor’s stock worth $11,582,785,000 after purchasing an additional 2,257,605 shares in the last quarter. J.P. Morgan Private Wealth Advisors LLC bought a new position in Visa in the 3rd quarter worth $358,349,000. The Manufacturers Life Insurance Company raised its holdings in Visa by 34.1% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 3,929,979 shares of the credit-card processor’s stock worth $903,955,000 after purchasing an additional 999,167 shares in the last quarter. Finally, Envestnet Asset Management Inc. raised its holdings in Visa by 28.0% in the 3rd quarter. Envestnet Asset Management Inc. now owns 3,983,190 shares of the credit-card processor’s stock worth $916,174,000 after purchasing an additional 871,439 shares in the last quarter. Hedge funds and other institutional investors own 82.15% of the company’s stock.

Insiders Place Their Bets

In other news, CAO Peter M. Andreski sold 2,615 shares of Visa stock in a transaction dated Wednesday, February 7th. The stock was sold at an average price of $278.88, for a total value of $729,271.20. Following the sale, the chief accounting officer now directly owns 4,898 shares of the company’s stock, valued at $1,365,954.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Visa news, CAO Peter M. Andreski sold 2,615 shares of the business’s stock in a transaction that occurred on Wednesday, February 7th. The stock was 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 of the company’s stock, valued at $1,365,954.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Ryan Mcinerney sold 8,150 shares of the business’s stock in a transaction that occurred 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 disclosure for this sale can be found here. Insiders have sold a total of 18,965 shares of company stock worth $5,256,352 in the last 90 days. 0.19% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several research analysts have commented on V shares. William Blair restated an “outperform” rating on shares of Visa in a report on Friday, January 26th. TD Cowen started coverage on shares of Visa in a research note on Thursday, April 11th. They issued a “buy” rating and a $320.00 price target for the company. Susquehanna increased their price target on shares of Visa from $300.00 to $326.00 and gave the stock a “positive” rating in a research note on Friday, January 26th. KeyCorp increased their price target on shares of Visa from $275.00 to $300.00 and gave the stock an “overweight” rating in a research note on Monday, January 8th. Finally, Mizuho reiterated a “neutral” rating and issued a $265.00 price target on shares of Visa in a research note on Wednesday, March 27th. Five investment analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company. Based on data from MarketBeat, Visa has an average rating of “Moderate Buy” and an average price target of $298.43.

Visa Stock Performance

V opened at $272.31 on Tuesday. The company’s 50 day moving average is $279.52 and its 200 day moving average is $263.62. The company has a current ratio of 1.45, a quick ratio of 1.45 and a debt-to-equity ratio of 0.54. The company has a market cap of $500.10 billion, a price-to-earnings ratio of 31.34, a PEG ratio of 1.86 and a beta of 0.96. Visa Inc. has a 12-month low of $216.14 and a 12-month high of $290.96.

Visa (NYSE:V) last announced its earnings results on Thursday, January 25th. The credit-card processor reported $2.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.34 by $0.07. The company had revenue of $8.63 billion during the quarter, compared to analyst estimates of $8.55 billion. Visa had a net margin of 53.92% and a return on equity of 50.02%. The firm’s quarterly revenue was up 9.3% compared to the same quarter last year. During the same period in the previous year, the business posted $2.18 earnings per share. On average, equities research analysts predict that Visa Inc. will post 9.88 EPS for the current year.

Visa Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 1st. Shareholders of record on Friday, February 9th were given a $0.52 dividend. The ex-dividend date was Thursday, February 8th. This represents a $2.08 dividend on an annualized basis and a dividend yield of 0.76%. Visa’s payout ratio is currently 23.94%.

Visa 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.