Washburn Capital Management Inc. Acquires 410 Shares of Visa Inc. (NYSE:V)

Washburn Capital Management Inc. grew its holdings in shares of Visa Inc. (NYSE:V) by 4.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,274 shares of the credit-card processor’s stock after buying an additional 410 shares during the quarter. Visa makes up 1.7% of Washburn Capital Management Inc.’s portfolio, making the stock its 11th largest position. Washburn Capital Management Inc.’s holdings in Visa were worth $3,247,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Decker Retirement Planning Inc. bought a new stake in shares of Visa in the 4th quarter valued at about $26,000. Peterson Financial Group Inc. bought a new stake in shares of Visa in the 3rd quarter valued at about $26,000. Modus Advisors LLC bought a new stake in shares of Visa in the 4th quarter valued at about $32,000. Reston Wealth Management LLC bought a new stake in shares of Visa in the 3rd quarter valued at about $31,000. Finally, Sugar Maple Asset Management LLC bought a new stake in shares of Visa in the 4th quarter valued at about $44,000. 82.15% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on V shares. Citigroup upped their target price on shares of Visa from $354.00 to $393.00 and gave the company a “buy” rating in a report on Friday, January 31st. Deutsche Bank Aktiengesellschaft upped their price target on shares of Visa from $300.00 to $340.00 and gave the company a “buy” rating in a research note on Wednesday, October 30th. UBS Group upped their price target on shares of Visa from $350.00 to $400.00 and gave the company a “buy” rating in a research note on Friday, January 31st. Oppenheimer upped their price target on shares of Visa from $375.00 to $390.00 and gave the company an “outperform” rating in a research note on Friday, January 31st. Finally, Susquehanna upped their price target on shares of Visa from $375.00 to $395.00 and gave the company a “positive” rating in a research note on Friday, January 31st. Four analysts have rated the stock with a hold rating, twenty-five have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Visa currently has a consensus rating of “Moderate Buy” and a consensus target price of $354.73.

Insider Activity at Visa

In related news, CAO Peter M. Andreski sold 2,332 shares of the stock in a transaction that occurred 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 completion of the transaction, the chief accounting officer now owns 4,488 shares of the company’s stock, valued at $1,569,094.56. This represents a 34.19 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Paul D. Fabara sold 2,171 shares of the stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $307.97, for a total transaction of $668,602.87. Following the completion of the transaction, the insider now directly owns 17,894 shares of the company’s stock, valued at approximately $5,510,815.18. The trade was a 10.82 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 58,056 shares of company stock valued at $19,830,050 in the last quarter. Insiders own 0.13% of the company’s stock.

Visa Stock Performance

NYSE V opened at $350.88 on Wednesday. The company has a current ratio of 1.12, a quick ratio of 1.28 and a debt-to-equity ratio of 0.45. The firm has a market capitalization of $651.85 billion, a price-to-earnings ratio of 35.37, a P/E/G ratio of 2.32 and a beta of 0.97. The firm’s 50 day simple moving average is $321.77 and its 200 day simple moving average is $296.88. Visa Inc. has a 1 year low of $252.70 and a 1 year high of $352.12.

Visa (NYSE:V) last posted its quarterly earnings results on Thursday, January 30th. The credit-card processor reported $2.75 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.66 by $0.09. Visa had a net margin of 54.27% and a return on equity of 54.79%. As a group, research analysts expect that Visa Inc. will post 11.27 earnings per share for the current fiscal year.

Visa Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 3rd. Investors of record on Tuesday, February 11th will be given a dividend of $0.59 per share. The ex-dividend date is Tuesday, February 11th. This represents a $2.36 annualized dividend and a dividend yield of 0.67%. Visa’s dividend payout ratio is 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.