Janiczek Wealth Management LLC Purchases 236 Shares of Visa Inc. (NYSE:V)

Janiczek Wealth Management LLC increased its stake in shares of Visa Inc. (NYSE:V) by 6.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,995 shares of the credit-card processor’s stock after buying an additional 236 shares during the period. Janiczek Wealth Management LLC’s holdings in Visa were worth $1,040,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Hibernia Wealth Partners LLC acquired a new position in Visa during the 3rd quarter worth about $25,000. Altshuler Shaham Ltd acquired a new position in Visa during the 3rd quarter valued at about $25,000. O Brien Wealth Partners LLC acquired a new position in Visa during the 4th quarter valued at about $32,000. Financial Freedom LLC acquired a new position in Visa during the 4th quarter valued at about $32,000. Finally, Nalls Sherbakoff Group LLC lifted its position in Visa by 545.5% during the 3rd quarter. Nalls Sherbakoff Group LLC now owns 142 shares of the credit-card processor’s stock valued at $33,000 after purchasing an additional 120 shares during the period. Institutional investors and hedge funds own 82.15% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have issued reports on V shares. Keefe, Bruyette & Woods upped their target price on shares of Visa from $305.00 to $315.00 and gave the company an “outperform” rating in a research report on Friday, January 26th. Barclays upped their target price on shares of Visa from $304.00 to $319.00 and gave the company an “overweight” rating in a research report on Monday, January 29th. Monness Crespi & Hardt started coverage on shares of Visa in a research report on Wednesday, December 20th. They set a “neutral” rating on the stock. Wedbush upped their target price on shares of Visa from $270.00 to $280.00 and gave the company an “outperform” rating in a research report on Friday, January 26th. Finally, Mizuho reiterated a “neutral” rating and issued a $265.00 price target on shares of Visa in a research report on Wednesday, March 27th. Five research analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $296.87.

Insider Activity

In other news, insider Rajat Taneja sold 36,546 shares of Visa 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 sale, the insider now directly owns 232,112 shares in the company, valued at $62,716,662.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, insider Rajat Taneja sold 36,546 shares of the business’s stock in a transaction on Friday, January 19th. The shares were sold at an average price of $270.20, for a total transaction of $9,874,729.20. Following the transaction, the insider now directly owns 232,112 shares in the company, valued at $62,716,662.40. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CEO Ryan Mcinerney sold 8,150 shares of the business’s stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $273.39, for a total transaction of $2,228,128.50. The disclosure for this sale can be found here. Insiders have sold 55,511 shares of company stock worth $15,131,081 over the last ninety days. Insiders own 0.19% of the company’s stock.

Visa Price Performance

NYSE V opened at $275.96 on Friday. The business has a 50 day simple moving average of $280.13 and a 200 day simple moving average of $261.69. Visa Inc. has a 52-week low of $216.14 and a 52-week high of $290.96. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.45 and a current ratio of 1.45. The stock has a market cap of $506.80 billion, a price-to-earnings ratio of 31.76, a PEG ratio of 1.91 and a beta of 0.96.

Visa (NYSE:V) last posted its quarterly earnings data on Thursday, January 25th. The credit-card processor reported $2.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.34 by $0.07. Visa had a net margin of 53.92% and a return on equity of 50.02%. The company had revenue of $8.63 billion for the quarter, compared to the consensus estimate of $8.55 billion. During the same period last year, the company earned $2.18 earnings per share. The firm’s revenue was up 9.3% compared to the same quarter last year. Analysts anticipate that Visa Inc. will post 9.89 earnings per share for the current fiscal year.

Visa Dividend Announcement

The firm 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. The ex-dividend date was Thursday, February 8th. This represents a $2.08 dividend on an annualized basis and a dividend yield of 0.75%. Visa’s dividend payout ratio (DPR) is presently 23.94%.

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.