Sylvest Advisors LLC Purchases Shares of 1,650 Visa Inc. (NYSE:V)

Sylvest Advisors LLC acquired a new position in shares of Visa Inc. (NYSE:V) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 1,650 shares of the credit-card processor’s stock, valued at approximately $521,000.

A number of other institutional investors and hedge funds have also modified their holdings of V. Peterson Financial Group Inc. acquired a new position in Visa in the third quarter worth $26,000. Decker Retirement Planning Inc. acquired a new position in Visa during the 4th quarter worth about $26,000. Reston Wealth Management LLC bought a new stake in Visa during the 3rd quarter worth about $31,000. Modus Advisors LLC bought a new stake in Visa during the 4th quarter worth about $32,000. Finally, West Financial Advisors LLC raised its stake in shares of Visa by 101.4% in the third quarter. West Financial Advisors LLC now owns 145 shares of the credit-card processor’s stock worth $40,000 after acquiring an additional 73 shares during the last quarter. 82.15% of the stock is currently owned by institutional investors.

Insider Activity at Visa

In other Visa news, CEO Ryan Mcinerney sold 8,620 shares of Visa stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $317.78, for a total transaction of $2,739,263.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Paul D. Fabara sold 2,171 shares of the stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $307.97, for a total transaction of $668,602.87. Following the completion of the sale, the insider now directly owns 17,894 shares in the company, valued at approximately $5,510,815.18. The trade was a 10.82 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.13% of the stock is owned by company insiders.

Visa Price Performance

Shares of NYSE V opened at $345.92 on Tuesday. The company has a current ratio of 1.12, a quick ratio of 1.28 and a debt-to-equity ratio of 0.45. The stock has a fifty day simple moving average of $317.74 and a two-hundred day simple moving average of $293.27. Visa Inc. has a 1-year low of $252.70 and a 1-year high of $351.25. The firm has a market cap of $644.41 billion, a price-to-earnings ratio of 34.87, a price-to-earnings-growth ratio of 2.30 and a beta of 0.97.

Visa (NYSE:V) last announced its quarterly earnings data on Thursday, January 30th. The credit-card processor reported $2.75 earnings per share for the quarter, topping the consensus estimate of $2.66 by $0.09. Visa had a return on equity of 54.79% and a net margin of 54.27%. Analysts anticipate that Visa Inc. will post 11.2 earnings per share for the current year.

Visa Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 3rd. Investors of record on Tuesday, February 11th will be issued a $0.59 dividend. This represents a $2.36 annualized dividend and a yield of 0.68%. The ex-dividend date is Tuesday, February 11th. Visa’s dividend payout ratio (DPR) is presently 23.79%.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on V shares. UBS Group upped their price objective on Visa from $350.00 to $400.00 and gave the stock a “buy” rating in a report on Friday. Raymond James reiterated an “outperform” rating and issued a $393.00 price objective (up from $374.00) on shares of Visa in a research report on Friday. BMO Capital Markets boosted their price objective on Visa from $310.00 to $320.00 and gave the stock an “outperform” rating in a report on Wednesday, October 30th. Susquehanna lifted their price target on shares of Visa from $375.00 to $395.00 and gave the stock a “positive” rating in a research report on Friday. Finally, Citigroup raised their price objective on shares of Visa from $354.00 to $393.00 and gave the company a “buy” rating in a research note on Friday. Four analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Visa has an average rating of “Moderate Buy” and a consensus target price of $354.73.

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.