Visa Inc. (NYSE:V) Shares Purchased by JCIC Asset Management Inc.

JCIC Asset Management Inc. boosted its position in shares of Visa Inc. (NYSE:V) by 1.4% during the fourth quarter, Holdings Channel reports. The firm owned 26,818 shares of the credit-card processor’s stock after buying an additional 370 shares during the quarter. Visa comprises approximately 3.4% of JCIC Asset Management Inc.’s holdings, making the stock its 9th biggest position. JCIC Asset Management Inc.’s holdings in Visa were worth $8,476,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Inspire Advisors LLC purchased a new position in Visa in the 2nd quarter valued at about $218,000. Lyell Wealth Management LP increased its stake in Visa by 5.0% in the second quarter. Lyell Wealth Management LP now owns 45,882 shares of the credit-card processor’s stock valued at $12,043,000 after purchasing an additional 2,204 shares during the last quarter. Diversify Wealth Management LLC purchased a new position in Visa during the second quarter worth about $3,560,000. Hanson & Doremus Investment Management boosted its stake in Visa by 3.3% in the 2nd quarter. Hanson & Doremus Investment Management now owns 20,459 shares of the credit-card processor’s stock worth $5,370,000 after buying an additional 646 shares during the last quarter. Finally, Pinion Investment Advisors LLC grew its holdings in Visa by 2.3% in the 2nd quarter. Pinion Investment Advisors LLC now owns 5,674 shares of the credit-card processor’s stock valued at $1,489,000 after buying an additional 128 shares during the period. Hedge funds and other institutional investors own 82.15% of the company’s stock.

Insider Transactions at Visa

In other Visa news, insider Paul D. Fabara sold 2,171 shares of Visa stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $307.97, for a total value of $668,602.87. Following the completion of the transaction, the insider now directly owns 17,894 shares in the company, valued at $5,510,815.18. The trade was a 10.82 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Ryan Mcinerney sold 8,620 shares of the company’s stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $317.78, for a total value of $2,739,263.60. The disclosure for this sale can be found here. Insiders own 0.13% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the stock. BMO Capital Markets increased their price objective on shares of Visa from $310.00 to $320.00 and gave the stock an “outperform” rating in a report on Wednesday, October 30th. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Visa from $300.00 to $340.00 and gave the company a “buy” rating in a report on Wednesday, October 30th. Macquarie boosted their price objective on shares of Visa from $300.00 to $335.00 and gave the company an “outperform” rating in a research note on Wednesday, October 30th. Oppenheimer increased their target price on Visa from $321.00 to $375.00 and gave the stock an “outperform” rating in a research report on Thursday, December 19th. Finally, Wells Fargo & Company boosted their price target on Visa from $325.00 to $360.00 and gave the company an “overweight” rating in a research report on Friday, January 3rd. Four research analysts have rated the stock with a hold rating, twenty-four have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $330.85.

Visa Stock Down 0.6 %

Shares of NYSE:V traded down $1.99 during trading on Monday, hitting $305.72. The company’s stock had a trading volume of 3,110,920 shares, compared to its average volume of 5,138,308. The company has a market capitalization of $569.52 billion, a PE ratio of 31.42, a PEG ratio of 2.11 and a beta of 0.96. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.28 and a current ratio of 1.28. The stock’s 50-day moving average price is $312.14 and its two-hundred day moving average price is $287.04. Visa Inc. has a fifty-two week low of $252.70 and a fifty-two week high of $321.61.

Visa (NYSE:V) last announced its quarterly earnings data on Tuesday, October 29th. The credit-card processor reported $2.71 earnings per share for the quarter, topping the consensus estimate of $2.58 by $0.13. The company had revenue of $9.62 billion during the quarter, compared to analyst estimates of $9.49 billion. Visa had a net margin of 54.96% and a return on equity of 53.16%. The firm’s revenue for the quarter was up 11.7% compared to the same quarter last year. During the same period last year, the business earned $2.33 EPS. As a group, sell-side analysts expect that Visa Inc. will post 11.23 EPS for the current year.

Visa Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, December 2nd. Shareholders of record on Tuesday, November 12th were issued a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a yield of 0.77%. The ex-dividend date of this dividend was Tuesday, November 12th. This is an increase from Visa’s previous quarterly dividend of $0.52. Visa’s dividend payout ratio (DPR) is currently 24.25%.

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.