PDS Planning Inc Has $2.20 Million Stake in Visa Inc. (NYSE:V)

PDS Planning Inc boosted its stake in Visa Inc. (NYSE:V) by 7.3% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 8,436 shares of the credit-card processor’s stock after buying an additional 571 shares during the period. PDS Planning Inc’s holdings in Visa were worth $2,196,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of the stock. Altshuler Shaham Ltd bought a new stake in shares of Visa during the third quarter worth $25,000. O Brien Wealth Partners LLC bought a new stake in shares of Visa during the fourth quarter worth $32,000. Nalls Sherbakoff Group LLC grew its holdings in shares of Visa by 545.5% during the third quarter. Nalls Sherbakoff Group LLC now owns 142 shares of the credit-card processor’s stock worth $33,000 after purchasing an additional 120 shares during the last quarter. Valued Wealth Advisors LLC bought a new stake in shares of Visa during the fourth quarter worth $37,000. Finally, Macroview Investment Management LLC grew its holdings in shares of Visa by 1,019.2% during the third quarter. Macroview Investment Management LLC now owns 291 shares of the credit-card processor’s stock worth $67,000 after purchasing an additional 265 shares during the last quarter. Institutional investors and hedge funds own 82.15% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on V. William Blair restated an “outperform” rating on shares of Visa in a report on Friday, January 26th. Robert W. Baird increased their target price on Visa from $314.00 to $320.00 and gave the company an “outperform” rating in a research note on Wednesday, April 17th. Susquehanna increased their target price on Visa from $300.00 to $326.00 and gave the company a “positive” rating in a research note on Friday, January 26th. Wells Fargo & Company raised their price target on Visa from $300.00 to $325.00 and gave the stock an “overweight” rating in a research report on Wednesday, March 6th. Finally, Oppenheimer raised their price target on Visa from $297.00 to $299.00 and gave the stock an “outperform” rating in a research report on Wednesday. Five equities research analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company. According to MarketBeat, Visa presently has a consensus rating of “Moderate Buy” and an average target price of $300.48.

Visa Stock Performance

V opened at $274.23 on Wednesday. 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 $503.63 billion, a price-to-earnings ratio of 31.56, a PEG ratio of 1.88 and a beta of 0.96. The business has a 50 day moving average of $279.49 and a 200-day moving average of $263.90. 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%.

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 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. Also, CAO Peter M. Andreski sold 2,615 shares of Visa stock in a transaction that occurred 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 sale, the chief accounting officer now directly owns 4,898 shares of the company’s stock, valued at $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 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.