NFP Retirement Inc. Grows Stock Holdings in Visa Inc. (NYSE:V)

NFP Retirement Inc. increased its position in shares of Visa Inc. (NYSE:V) by 8.6% in the fourth quarter, HoldingsChannel.com reports. The firm owned 834 shares of the credit-card processor’s stock after acquiring an additional 66 shares during the quarter. NFP Retirement Inc.’s holdings in Visa were worth $264,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Decker Retirement Planning Inc. purchased a new stake in shares of Visa during the 4th quarter worth approximately $26,000. Bradley & Co. Private Wealth Management LLC acquired a new stake in Visa during the 4th quarter worth $27,000. POM Investment Strategies LLC lifted its position in Visa by 48.5% in the fourth quarter. POM Investment Strategies LLC now owns 98 shares of the credit-card processor’s stock valued at $31,000 after acquiring an additional 32 shares during the last quarter. Modus Advisors LLC acquired a new position in Visa in the fourth quarter valued at $32,000. Finally, Compass Planning Associates Inc purchased a new position in shares of Visa during the fourth quarter worth about $32,000. Hedge funds and other institutional investors own 82.15% of the company’s stock.

Insider Buying and Selling

In related news, CEO Ryan Mcinerney sold 8,620 shares of Visa stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $340.00, for a total transaction of $2,930,800.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Peter M. Andreski sold 2,332 shares of the stock in a transaction on Friday, February 7th. The shares were sold at an average price of $349.62, for a total value of $815,313.84. Following the sale, the chief accounting officer now owns 4,488 shares in the company, valued at approximately $1,569,094.56. This trade represents a 34.19 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 143,205 shares of company stock valued at $48,842,490. 0.13% of the stock is owned by insiders.

Analysts Set New Price Targets

V has been the subject of several research reports. UBS Group boosted their target price on Visa from $350.00 to $400.00 and gave the company a “buy” rating in a report on Friday, January 31st. William Blair reiterated an “outperform” rating on shares of Visa in a research note on Friday, January 31st. Citigroup restated a “neutral” rating on shares of Visa in a research report on Thursday, February 13th. Piper Sandler reaffirmed an “overweight” rating and issued a $383.00 target price (up from $368.00) on shares of Visa in a report on Friday, January 31st. Finally, The Goldman Sachs Group upped their target price on shares of Visa from $346.00 to $384.00 and gave the company a “buy” rating in a report on Friday, January 31st. Seven equities research analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $355.84.

Visa Stock Performance

Shares of V opened at $333.69 on Friday. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.45. Visa Inc. has a 52-week low of $252.70 and a 52-week high of $366.54. The company has a 50-day simple moving average of $342.40 and a 200-day simple moving average of $318.76. The company has a market capitalization of $619.91 billion, a PE ratio of 33.64, a P/E/G ratio of 2.33 and a beta of 0.94.

Visa (NYSE:V) last issued its earnings results on Thursday, January 30th. The credit-card processor reported $2.75 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.66 by $0.09. Visa had a net margin of 54.27% and a return on equity of 54.79%. Equities research analysts predict that Visa Inc. will post 11.3 earnings per share for the current fiscal year.

Visa Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Tuesday, February 11th were issued a dividend of $0.59 per share. The ex-dividend date of this dividend was Tuesday, February 11th. This represents a $2.36 annualized dividend and a yield of 0.71%. Visa’s dividend payout ratio is presently 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.