MJP Associates Inc. ADV Has $2.24 Million Stock Position in Visa Inc. (NYSE:V)

MJP Associates Inc. ADV grew its position in Visa Inc. (NYSE:V) by 17.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 7,076 shares of the credit-card processor’s stock after purchasing an additional 1,049 shares during the period. MJP Associates Inc. ADV’s holdings in Visa were worth $2,236,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Decker Retirement Planning Inc. acquired a new stake in Visa in the fourth quarter valued at approximately $26,000. Bradley & Co. Private Wealth Management LLC bought a new position in Visa in the 4th quarter valued at $27,000. POM Investment Strategies LLC raised its holdings in shares of Visa by 48.5% during the 4th 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. Compass Planning Associates Inc purchased a new stake in shares of Visa during the fourth quarter valued at approximately $32,000. Finally, NewSquare Capital LLC bought a new stake in shares of Visa during the 4th quarter valued at $35,000. Institutional investors and hedge funds own 82.15% of the company’s stock.

Visa Price Performance

Visa stock opened at $352.95 on Monday. Visa Inc. has a 12 month low of $252.70 and a 12 month high of $366.54. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.45. The company has a market capitalization of $655.70 billion, a PE ratio of 35.58, a P/E/G ratio of 2.33 and a beta of 0.96. The stock has a 50-day moving average price of $336.98 and a two-hundred day moving average price of $327.32.

Visa (NYSE:V) last posted its quarterly earnings results on Tuesday, April 29th. The credit-card processor reported $2.76 earnings per share for the quarter, topping the consensus estimate of $2.68 by $0.08. Visa had a return on equity of 54.79% and a net margin of 54.27%. The company had revenue of $9.59 billion during the quarter, compared to the consensus estimate of $9.57 billion. During the same quarter in the prior year, the company earned $2.51 EPS. The firm’s quarterly revenue was up 9.3% compared to the same quarter last year. Analysts expect that Visa Inc. will post 11.3 EPS for the current year.

Visa Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 2nd. Stockholders of record on Tuesday, May 13th will be paid a dividend of $0.59 per share. This represents a $2.36 annualized dividend and a dividend yield of 0.67%. The ex-dividend date of this dividend is Tuesday, May 13th. Visa’s dividend payout ratio is presently 23.72%.

Analyst Ratings Changes

Several analysts have commented on the stock. Evercore ISI started coverage on shares of Visa in a research note on Wednesday, April 9th. They issued an “in-line” rating and a $330.00 price target on the stock. Barclays increased their price target on Visa from $361.00 to $396.00 and gave the stock an “overweight” rating in a research report on Monday, February 3rd. UBS Group decreased their target price on Visa from $400.00 to $395.00 and set a “buy” rating on the stock in a research report on Wednesday, April 30th. Keefe, Bruyette & Woods reissued a “hold” rating on shares of Visa in a research note on Thursday, February 13th. Finally, Citigroup reissued a “neutral” rating on shares of Visa in a report on Thursday, February 13th. Seven analysts have rated the stock with a hold rating, twenty have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Visa has a consensus rating of “Moderate Buy” and a consensus price target of $362.38.

Insider Buying and Selling at Visa

In other news, insider Paul D. Fabara sold 14,813 shares of the stock in a transaction that occurred on Thursday, May 8th. The stock was sold at an average price of $355.04, for a total transaction of $5,259,207.52. Following the completion of the transaction, the insider now directly owns 26,413 shares of the company’s stock, valued at approximately $9,377,671.52. This represents a 35.93% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, General Counsel Julie B. Rottenberg sold 2,575 shares of the company’s stock in a transaction on Thursday, May 1st. The shares were sold at an average price of $345.58, for a total value of $889,868.50. Following the completion of the transaction, the general counsel now owns 11,925 shares of the company’s stock, valued at $4,121,041.50. The trade was a 17.76% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 121,948 shares of company stock worth $41,548,282. 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.