Capital Advisors Inc. OK Has $37 Million Holdings in Visa Inc. (NYSE:V)

Capital Advisors Inc. OK raised its position in Visa Inc. (NYSE:V) by 3.1% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 142,128 shares of the credit-card processor’s stock after acquiring an additional 4,219 shares during the period. Capital Advisors Inc. OK’s holdings in Visa were worth $37,003,000 as of its most recent filing with the SEC.

Other hedge funds have also recently added to or reduced their stakes in the company. Hibernia Wealth Partners LLC acquired a new stake in Visa in the third quarter valued at approximately $25,000. Altshuler Shaham Ltd purchased a new position in shares of Visa during the third quarter valued at approximately $25,000. O Brien Wealth Partners LLC purchased a new position in shares of Visa during the fourth quarter valued at approximately $32,000. Nalls Sherbakoff Group LLC boosted its position in shares of Visa by 545.5% during the third quarter. Nalls Sherbakoff Group LLC now owns 142 shares of the credit-card processor’s stock valued at $33,000 after buying an additional 120 shares during the last quarter. Finally, Valued Wealth Advisors LLC purchased a new position in shares of Visa during the fourth quarter valued at approximately $37,000. Institutional investors and hedge funds own 82.15% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on V. Redburn Atlantic reaffirmed a “neutral” rating and set a $307.00 target price on shares of Visa in a research report on Wednesday, March 27th. Mizuho reissued a “neutral” rating and issued a $265.00 price objective on shares of Visa in a research report on Wednesday, March 27th. Evercore ISI boosted their price objective on Visa from $325.00 to $335.00 and gave the stock an “outperform” rating in a research report on Tuesday, March 26th. Wedbush boosted their price objective on Visa from $270.00 to $280.00 and gave the stock an “outperform” rating in a research report on Friday, January 26th. Finally, Susquehanna boosted their target price on Visa from $300.00 to $326.00 and gave the company a “positive” rating in a research note on Friday, January 26th. Five analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $296.87.

Insider Transactions at Visa

In other news, insider Rajat Taneja sold 36,546 shares of the company’s stock in a transaction dated Friday, January 19th. The stock was sold at an average price of $270.20, for a total value of $9,874,729.20. Following the completion of the transaction, the insider now directly owns 232,112 shares in the company, valued at approximately $62,716,662.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, CEO Ryan Mcinerney sold 8,150 shares of Visa stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $273.39, for a total value of $2,228,128.50. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, insider Rajat Taneja sold 36,546 shares of the firm’s stock in a transaction that occurred on Friday, January 19th. The shares were sold at an average price of $270.20, for a total value of $9,874,729.20. Following the completion of the transaction, the insider now owns 232,112 shares of the company’s stock, valued at approximately $62,716,662.40. The disclosure for this sale can be found here. In the last three months, insiders sold 55,511 shares of company stock worth $15,131,081. 0.19% of the stock is currently owned by corporate insiders.

Visa Price Performance

Visa stock opened at $271.28 on Tuesday. Visa Inc. has a 52 week low of $216.14 and a 52 week high of $290.96. The business has a 50-day simple moving average of $280.04 and a 200 day simple moving average of $262.19. The company has a quick ratio of 1.45, a current ratio of 1.45 and a debt-to-equity ratio of 0.54. The stock has a market cap of $498.21 billion, a price-to-earnings ratio of 31.22, a PEG ratio of 1.91 and a beta of 0.96.

Visa (NYSE:V) last posted its earnings results on Thursday, January 25th. The credit-card processor reported $2.41 EPS for the quarter, topping the consensus estimate of $2.34 by $0.07. Visa had a return on equity of 50.02% and a net margin of 53.92%. The business had revenue of $8.63 billion during the quarter, compared to analysts’ expectations of $8.55 billion. During the same period in the previous year, the business earned $2.18 earnings per share. The firm’s revenue was up 9.3% on a year-over-year basis. On average, research analysts forecast that Visa Inc. will post 9.89 earnings per share for the current fiscal year.

Visa Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 1st. Stockholders of record on Friday, February 9th were issued a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a dividend yield of 0.77%. The ex-dividend date of this dividend was Thursday, February 8th. Visa’s payout ratio is currently 23.94%.

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.