Visa Inc. (NYSE:V) Shares Purchased by Proficio Capital Partners LLC

Proficio Capital Partners LLC lifted its stake in Visa Inc. (NYSE:V) by 17,018.7% in the 4th quarter, Holdings Channel.com reports. The firm owned 3,949,118 shares of the credit-card processor’s stock after purchasing an additional 3,926,049 shares during the period. Visa makes up about 0.7% of Proficio Capital Partners LLC’s investment portfolio, making the stock its 24th biggest position. Proficio Capital Partners LLC’s holdings in Visa were worth $1,248,079,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in V. State Street Corp increased its stake in Visa by 4.5% during the third quarter. State Street Corp now owns 76,610,942 shares of the credit-card processor’s stock worth $21,064,179,000 after acquiring an additional 3,327,977 shares during the last quarter. FMR LLC increased its stake in Visa by 6.1% during the third quarter. FMR LLC now owns 57,111,843 shares of the credit-card processor’s stock worth $15,702,901,000 after acquiring an additional 3,265,518 shares during the last quarter. Geode Capital Management LLC increased its stake in Visa by 7.7% during the third quarter. Geode Capital Management LLC now owns 38,655,250 shares of the credit-card processor’s stock worth $10,601,135,000 after acquiring an additional 2,772,549 shares during the last quarter. B. Metzler seel. Sohn & Co. Holding AG acquired a new stake in Visa during the third quarter worth $268,640,000. Finally, Janney Montgomery Scott LLC acquired a new stake in Visa during the third quarter worth $227,342,000. Institutional investors and hedge funds own 82.15% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have issued reports on V shares. The Goldman Sachs Group raised their target price on Visa from $346.00 to $384.00 and gave the stock a “buy” rating in a research note on Friday, January 31st. UBS Group raised their price target on Visa from $350.00 to $400.00 and gave the stock a “buy” rating in a research report on Friday, January 31st. Raymond James restated an “outperform” rating and set a $393.00 price target (up from $374.00) on shares of Visa in a research report on Friday, January 31st. Wells Fargo & Company raised their price target on Visa from $360.00 to $395.00 and gave the stock an “overweight” rating in a research report on Friday, January 31st. Finally, Seaport Res Ptn upgraded Visa from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, January 14th. Six research analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Visa has an average rating of “Moderate Buy” and a consensus target price of $353.96.

Insider Transactions at Visa

In related news, CAO Peter M. Andreski sold 2,332 shares of the business’s stock in a transaction dated Friday, February 7th. The stock was sold at an average price of $349.62, for a total value of $815,313.84. Following the transaction, the chief accounting officer now owns 4,488 shares in the company, valued at $1,569,094.56. The trade was a 34.19 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Tullier Kelly Mahon sold 33,741 shares of the business’s stock in a transaction dated Friday, February 7th. The shares were sold at an average price of $349.77, for a total value of $11,801,589.57. Following the completion of the transaction, the insider now owns 36,566 shares in the company, valued at $12,789,689.82. This trade represents a 47.99 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 55,885 shares of company stock worth $19,161,447. Corporate insiders own 0.13% of the company’s stock.

Visa Stock Up 2.1 %

Visa stock opened at $363.33 on Friday. Visa Inc. has a 1-year low of $252.70 and a 1-year high of $364.00. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.12 and a quick ratio of 1.12. The stock has a market cap of $674.99 billion, a PE ratio of 36.63, a P/E/G ratio of 2.33 and a beta of 0.97. The stock’s fifty day moving average is $333.03 and its two-hundred day moving average is $305.34.

Visa (NYSE:V) last posted its earnings results on Thursday, January 30th. The credit-card processor reported $2.75 EPS for the quarter, topping analysts’ consensus estimates of $2.66 by $0.09. Visa had a return on equity of 54.79% and a net margin of 54.27%. On average, sell-side analysts expect that Visa Inc. will post 11.3 EPS for the current fiscal year.

Visa Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, March 3rd. Stockholders 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 0.65%. The ex-dividend date is Tuesday, February 11th. Visa’s dividend payout ratio (DPR) is currently 23.79%.

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.