Visa Inc. (NYSE:V) Position Boosted by Edgestream Partners L.P.

Edgestream Partners L.P. grew its holdings in shares of Visa Inc. (NYSE:V) by 153.7% in the 4th quarter, HoldingsChannel.com reports. The firm owned 14,697 shares of the credit-card processor’s stock after purchasing an additional 8,904 shares during the period. Edgestream Partners L.P.’s holdings in Visa were worth $4,645,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Decker Retirement Planning Inc. purchased a new stake in Visa during the fourth quarter valued at about $26,000. Bradley & Co. Private Wealth Management LLC purchased a new stake in Visa during the fourth quarter valued at about $27,000. Peterson Financial Group Inc. purchased a new stake in Visa during the third quarter valued at about $26,000. POM Investment Strategies LLC lifted its stake in Visa by 48.5% during the fourth quarter. POM Investment Strategies LLC now owns 98 shares of the credit-card processor’s stock valued at $31,000 after buying an additional 32 shares in the last quarter. Finally, Modus Advisors LLC purchased a new stake in Visa during the fourth quarter valued at about $32,000. Institutional investors own 82.15% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have commented on the stock. Bank of America upped their price objective on shares of Visa from $331.00 to $363.00 and gave the company a “neutral” rating in a research note on Friday, January 31st. Oppenheimer reissued an “outperform” rating on shares of Visa in a research report on Thursday, February 13th. Wells Fargo & Company increased their price target on shares of Visa from $360.00 to $395.00 and gave the stock an “overweight” rating in a research report on Friday, January 31st. The Goldman Sachs Group increased their price target on shares of Visa from $346.00 to $384.00 and gave the stock a “buy” rating in a research report on Friday, January 31st. Finally, Seaport Res Ptn raised shares of Visa from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, January 14th. Six 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 company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $353.96.

Insider Buying and Selling

In related news, CEO Ryan Mcinerney sold 8,620 shares of the firm’s stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $317.78, for a total value of $2,739,263.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, General Counsel Julie B. Rottenberg sold 2,572 shares of the firm’s stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $340.00, for a total value of $874,480.00. Following the completion of the transaction, the general counsel now directly owns 11,925 shares of the company’s stock, valued at approximately $4,054,500. This trade represents a 17.74 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 64,505 shares of company stock valued at $22,290,507 over the last ninety days. 0.13% of the stock is owned by company insiders.

Visa Trading Up 0.5 %

Shares of Visa stock opened at $345.79 on Friday. The company’s fifty day simple moving average is $336.18 and its 200-day simple moving average is $308.35. The company has a market cap of $642.41 billion, a price-to-earnings ratio of 34.86, a PEG ratio of 2.33 and a beta of 0.95. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.45. Visa Inc. has a 1 year low of $252.70 and a 1 year high of $366.54.

Visa (NYSE:V) last announced its quarterly earnings data on Thursday, January 30th. The credit-card processor reported $2.75 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.66 by $0.09. Visa had a net margin of 54.27% and a return on equity of 54.79%. As a group, sell-side analysts expect that Visa Inc. will post 11.3 EPS for the current year.

Visa Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Tuesday, February 11th were paid a $0.59 dividend. The ex-dividend date was Tuesday, February 11th. This represents a $2.36 annualized dividend and a dividend yield of 0.68%. Visa’s payout ratio is 23.79%.

Visa 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.