Keeler Thomas Management LLC Has $4.37 Million Stock Holdings in Visa Inc. (NYSE:V)

Keeler Thomas Management LLC increased its position in shares of Visa Inc. (NYSE:V) by 5.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 16,787 shares of the credit-card processor’s stock after acquiring an additional 803 shares during the quarter. Visa comprises about 1.7% of Keeler Thomas Management LLC’s investment portfolio, making the stock its 24th largest position. Keeler Thomas Management LLC’s holdings in Visa were worth $4,370,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. FMR LLC lifted its stake in Visa by 4.7% in the third quarter. FMR LLC now owns 50,357,747 shares of the credit-card processor’s stock valued at $11,582,785,000 after buying an additional 2,257,605 shares during the period. Northern Trust Corp lifted its stake in Visa by 4.7% in the third quarter. Northern Trust Corp now owns 17,073,700 shares of the credit-card processor’s stock valued at $3,927,122,000 after buying an additional 763,505 shares during the period. Ameriprise Financial Inc. lifted its stake in Visa by 2.7% in the third quarter. Ameriprise Financial Inc. now owns 14,229,004 shares of the credit-card processor’s stock valued at $3,272,846,000 after buying an additional 374,489 shares during the period. Brown Advisory Inc. lifted its stake in Visa by 1.5% in the third quarter. Brown Advisory Inc. now owns 7,542,434 shares of the credit-card processor’s stock valued at $1,734,835,000 after buying an additional 108,280 shares during the period. Finally, Nordea Investment Management AB lifted its stake in Visa by 0.4% in the third quarter. Nordea Investment Management AB now owns 5,277,500 shares of the credit-card processor’s stock valued at $1,224,327,000 after buying an additional 19,323 shares during the period. Institutional investors and hedge funds own 82.15% of the company’s stock.

Insider Buying and Selling

In related news, CEO Ryan Mcinerney sold 8,150 shares of Visa stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $273.39, for a total transaction of $2,228,128.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Visa news, CEO Ryan Mcinerney sold 8,150 shares of the firm’s stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $273.39, for a total transaction of $2,228,128.50. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, 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 disclosure for this sale can be found here. In the last ninety days, insiders sold 18,965 shares of company stock valued at $5,256,352. Insiders own 0.19% of the company’s stock.

Visa Stock Performance

V opened at $272.31 on Tuesday. Visa Inc. has a 12-month low of $216.14 and a 12-month high of $290.96. The stock 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. The business has a 50 day moving average of $279.52 and a 200-day moving average of $263.62. The company has a quick ratio of 1.45, a current ratio of 1.45 and a debt-to-equity ratio of 0.54.

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

Visa Announces Dividend

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

Analyst Ratings Changes

Several research firms have weighed in on V. Barclays increased their target price on Visa from $304.00 to $319.00 and gave the company an “overweight” rating in a research note on Monday, January 29th. Wedbush increased their target price on Visa from $270.00 to $280.00 and gave the company an “outperform” rating in a research note on Friday, January 26th. Susquehanna increased their price target on Visa from $300.00 to $326.00 and gave the stock a “positive” rating in a report on Friday, January 26th. Evercore ISI increased their price target on Visa from $325.00 to $335.00 and gave the stock an “outperform” rating in a report on Tuesday, March 26th. Finally, Royal Bank of Canada increased their price target on Visa from $290.00 to $309.00 and gave the stock an “outperform” rating in a report on Friday, January 26th. Five investment analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $298.43.

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.