Washburn Capital Management Inc. Acquires 410 Shares of Visa Inc. (NYSE:V)

Washburn Capital Management Inc. grew its holdings in shares of Visa Inc. (NYSE:V) by 4.2% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 10,274 shares of the credit-card processor’s stock after acquiring an additional 410 shares during the period. Visa comprises 1.7% of Washburn Capital Management Inc.’s holdings, making the stock its 11th largest holding. Washburn Capital Management Inc.’s holdings in Visa were worth $3,247,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of V. Riverstone Advisors LLC bought a new position in Visa during the fourth quarter worth $217,000. Custom Index Systems LLC bought a new position in Visa during the third quarter worth $731,000. Journey Strategic Wealth LLC raised its stake in Visa by 16.4% during the fourth quarter. Journey Strategic Wealth LLC now owns 9,678 shares of the credit-card processor’s stock worth $3,058,000 after buying an additional 1,361 shares during the last quarter. Copley Financial Group Inc. bought a new position in Visa during the third quarter worth $616,000. Finally, Calamos Wealth Management LLC raised its stake in Visa by 0.6% during the fourth quarter. Calamos Wealth Management LLC now owns 77,443 shares of the credit-card processor’s stock worth $24,475,000 after buying an additional 435 shares during the last quarter. Institutional investors own 82.15% of the company’s stock.

Analysts Set New Price Targets

V has been the subject of a number of analyst reports. JPMorgan Chase & Co. lifted their target price on shares of Visa from $340.00 to $375.00 and gave the stock an “overweight” rating in a research note on Friday, January 31st. Piper Sandler restated an “overweight” rating and issued a $383.00 price target (up from $368.00) on shares of Visa in a report on Friday, January 31st. Morgan Stanley raised their price target on shares of Visa from $326.00 to $371.00 and gave the stock an “overweight” rating in a report on Wednesday, December 18th. Wells Fargo & Company raised their price target on shares of Visa from $360.00 to $395.00 and gave the stock an “overweight” rating in a report on Friday, January 31st. Finally, Oppenheimer raised their price target on shares of Visa from $375.00 to $390.00 and gave the stock an “outperform” rating in a report on Friday, January 31st. Four investment analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Visa presently has a consensus rating of “Moderate Buy” and an average price target of $354.73.

Visa Stock Down 0.1 %

V opened at $350.88 on Wednesday. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.12 and a quick ratio of 1.28. The company’s 50-day moving average is $321.77 and its 200 day moving average is $296.88. Visa Inc. has a fifty-two week low of $252.70 and a fifty-two week high of $352.12. The firm has a market capitalization of $651.85 billion, a P/E ratio of 35.37, a PEG ratio of 2.32 and a beta of 0.97.

Visa (NYSE:V) last released its quarterly earnings results on Thursday, January 30th. The credit-card processor reported $2.75 earnings per share for the quarter, beating analysts’ consensus estimates of $2.66 by $0.09. Visa had a net margin of 54.27% and a return on equity of 54.79%. Research analysts expect that Visa Inc. will post 11.27 earnings per share for the current fiscal year.

Visa Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 3rd. Investors of record on Tuesday, February 11th will be given a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a dividend yield of 0.67%. The ex-dividend date is Tuesday, February 11th. Visa’s payout ratio is currently 23.79%.

Insiders Place Their Bets

In other Visa news, insider Paul D. Fabara sold 2,171 shares of Visa stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $307.97, for a total value of $668,602.87. Following the sale, the insider now owns 17,894 shares of the company’s stock, valued at approximately $5,510,815.18. The trade was a 10.82 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, 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 disclosure for this sale can be found here. Over the last 90 days, insiders have sold 58,056 shares of company stock valued at $19,830,050. Company insiders own 0.13% 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.