Scholtz & Company LLC Has $7.68 Million Stock Holdings in Visa Inc. (NYSE:V)

Scholtz & Company LLC lessened its holdings in Visa Inc. (NYSE:V) by 1.5% during the 4th quarter, Holdings Channel reports. The firm owned 24,313 shares of the credit-card processor’s stock after selling 364 shares during the period. Visa makes up approximately 3.7% of Scholtz & Company LLC’s portfolio, making the stock its 10th biggest position. Scholtz & Company LLC’s holdings in Visa were worth $7,684,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the business. Alliance Wealth Management Group acquired a new position in shares of Visa in the 4th quarter valued at $210,000. OV Management LLC lifted its stake in Visa by 6.9% in the fourth quarter. OV Management LLC now owns 15,261 shares of the credit-card processor’s stock valued at $4,823,000 after buying an additional 986 shares during the period. Trexquant Investment LP boosted its holdings in Visa by 1,251.8% during the fourth quarter. Trexquant Investment LP now owns 104,047 shares of the credit-card processor’s stock worth $32,883,000 after buying an additional 96,350 shares during the last quarter. May Hill Capital LLC acquired a new position in shares of Visa during the 4th quarter worth about $786,000. Finally, Headlands Technologies LLC increased its stake in shares of Visa by 81.0% in the 4th quarter. Headlands Technologies LLC now owns 5,156 shares of the credit-card processor’s stock valued at $1,630,000 after acquiring an additional 2,307 shares during the last quarter. Institutional investors and hedge funds own 82.15% of the company’s stock.

Insider Buying and Selling at Visa

In other Visa news, CEO Ryan Mcinerney sold 8,620 shares of the firm’s stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $363.00, for a total transaction of $3,129,060.00. Following the completion of the sale, the chief executive officer now owns 537 shares of the company’s stock, valued at $194,931. This trade represents a 94.14 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, General Counsel Julie B. Rottenberg sold 2,572 shares of the stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $340.00, for a total transaction of $874,480.00. Following the completion of the transaction, the general counsel now directly owns 11,925 shares in the company, valued at $4,054,500. The trade was a 17.74 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 143,205 shares of company stock worth $48,560,961 over the last quarter. 0.13% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of brokerages recently issued reports on V. JPMorgan Chase & Co. boosted their price objective on shares of Visa from $340.00 to $375.00 and gave the company an “overweight” rating in a report on Friday, January 31st. Oppenheimer reissued an “outperform” rating on shares of Visa in a report on Thursday, February 13th. Citigroup reaffirmed a “neutral” rating on shares of Visa in a research note on Thursday, February 13th. StockNews.com raised Visa from a “hold” rating to a “buy” rating in a research note on Friday, March 28th. Finally, Bank of America increased their price target on Visa from $331.00 to $363.00 and gave the stock a “neutral” rating in a report on Friday, January 31st. Five equities research 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 stock. According to MarketBeat, Visa has an average rating of “Moderate Buy” and an average price target of $355.84.

Visa Price Performance

NYSE:V opened at $346.80 on Wednesday. Visa Inc. has a 52-week low of $252.70 and a 52-week high of $366.54. The company has a market cap of $644.28 billion, a P/E ratio of 34.96, a P/E/G ratio of 2.33 and a beta of 0.95. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.12 and a current ratio of 1.12. The stock’s 50-day simple moving average is $344.68 and its 200 day simple moving average is $316.37.

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

Visa Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Tuesday, February 11th were given a dividend of $0.59 per share. This represents a $2.36 annualized dividend and a yield of 0.68%. The ex-dividend date of this dividend was Tuesday, February 11th. Visa’s dividend payout ratio (DPR) is currently 23.79%.

About Visa

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.