Obermeyer Wood Investment Counsel Lllp Increases Position in Visa Inc. (NYSE:V)

Obermeyer Wood Investment Counsel Lllp grew its stake in Visa Inc. (NYSE:V) by 8.4% during the fourth quarter, HoldingsChannel reports. The fund owned 12,258 shares of the credit-card processor’s stock after acquiring an additional 947 shares during the quarter. Obermeyer Wood Investment Counsel Lllp’s holdings in Visa were worth $3,191,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Hibernia Wealth Partners LLC acquired a new stake in shares of Visa in the 3rd quarter worth $25,000. Altshuler Shaham Ltd acquired a new stake in shares of Visa in the 3rd quarter worth $25,000. O Brien Wealth Partners LLC acquired a new stake in Visa during the 4th quarter worth about $32,000. Nalls Sherbakoff Group LLC grew its stake in Visa by 545.5% during the 3rd quarter. Nalls Sherbakoff Group LLC now owns 142 shares of the credit-card processor’s stock valued at $33,000 after purchasing an additional 120 shares during the last quarter. Finally, Valued Wealth Advisors LLC purchased a new stake in Visa during the 4th quarter valued at about $37,000. Institutional investors and hedge funds own 82.15% of the company’s stock.

Insider Buying and Selling at Visa

In other Visa news, CAO Peter M. Andreski sold 2,615 shares of the firm’s stock in a transaction on Wednesday, February 7th. The stock was sold at an average price of $278.88, for a total value of $729,271.20. Following the transaction, the chief accounting officer now owns 4,898 shares in the company, valued at approximately $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 firm’s stock in a transaction on Wednesday, February 7th. The stock was sold at an average price of $278.88, for a total value of $729,271.20. Following the completion of the sale, the chief accounting officer now directly owns 4,898 shares of the company’s stock, valued at approximately $1,365,954.24. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Ryan Mcinerney sold 8,200 shares of the firm’s stock in a transaction on Monday, April 1st. The stock was sold at an average price of $280.36, for a total value of $2,298,952.00. Following the completion of the sale, the chief executive officer now directly owns 538 shares of the company’s stock, valued at $150,833.68. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 18,965 shares of company stock worth $5,256,352. Corporate insiders own 0.19% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on V. William Blair reiterated an “outperform” rating on shares of Visa in a research note on Friday, January 26th. Redburn Atlantic reiterated a “neutral” rating and issued a $307.00 price target on shares of Visa in a report on Wednesday, March 27th. Royal Bank of Canada increased their price target on shares of Visa from $290.00 to $309.00 and gave the stock an “outperform” rating in a report on Friday, January 26th. Raymond James increased their price target on shares of Visa from $287.00 to $311.00 and gave the stock an “outperform” rating in a report on Friday, January 26th. Finally, Robert W. Baird increased their price target on shares of Visa from $314.00 to $320.00 and gave the stock an “outperform” rating in a report on Wednesday. Five equities research analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $298.43.

Visa Trading Down 0.6 %

Shares of NYSE:V opened at $269.71 on Friday. The business’s 50 day moving average price is $279.58 and its 200-day moving average price is $262.89. 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 firm has a market capitalization of $495.33 billion, a price-to-earnings ratio of 31.04, a price-to-earnings-growth ratio of 1.87 and a beta of 0.96. Visa Inc. has a 1 year low of $216.14 and a 1 year high of $290.96.

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

Visa Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 1st. Shareholders of record on Friday, February 9th were issued a $0.52 dividend. The ex-dividend date of this dividend was Thursday, February 8th. This represents a $2.08 dividend on an annualized basis and a yield of 0.77%. 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.