Motiv8 Investments LLC Purchases 899 Shares of Visa Inc. (NYSE:V)

Motiv8 Investments LLC boosted its stake in shares of Visa Inc. (NYSE:V) by 30.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,868 shares of the credit-card processor’s stock after acquiring an additional 899 shares during the quarter. Motiv8 Investments LLC’s holdings in Visa were worth $1,222,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Riverstone Advisors LLC acquired a new position in Visa during the fourth quarter worth $217,000. Journey Strategic Wealth LLC raised its stake in Visa by 16.4% during the fourth quarter. Journey Strategic Wealth LLC now owns 9,678 shares of the credit-card processor’s stock worth $3,058,000 after acquiring an additional 1,361 shares in the last quarter. Copley Financial Group Inc. acquired a new position in Visa during the third quarter worth $616,000. Calamos Wealth Management LLC increased its stake in shares of Visa by 0.6% in the fourth quarter. Calamos Wealth Management LLC now owns 77,443 shares of the credit-card processor’s stock valued at $24,475,000 after buying an additional 435 shares in the last quarter. Finally, Oak Ridge Investments LLC increased its stake in shares of Visa by 5.9% in the fourth quarter. Oak Ridge Investments LLC now owns 75,456 shares of the credit-card processor’s stock valued at $23,847,000 after buying an additional 4,198 shares in the last quarter. 82.15% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on V shares. Susquehanna raised their target price on Visa from $395.00 to $410.00 and gave the company a “positive” rating in a research note on Friday, February 21st. Seaport Res Ptn upgraded Visa from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, January 14th. Piper Sandler restated an “overweight” rating and issued a $383.00 target price (up from $368.00) on shares of Visa in a research note on Friday, January 31st. Barclays raised their target price on Visa from $361.00 to $396.00 and gave the company an “overweight” rating in a research note on Monday, February 3rd. Finally, Citigroup restated a “neutral” rating on shares of Visa in a research note on Thursday, February 13th. Six investment analysts have rated the stock with a hold rating, twenty-three have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $353.96.

Insider Buying and Selling at Visa

In other Visa news, CEO Ryan Mcinerney sold 8,620 shares of the business’s stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $317.78, for a total transaction of $2,739,263.60. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Tullier Kelly Mahon sold 33,741 shares of the business’s stock in a transaction that occurred on Friday, February 7th. The stock was sold at an average price of $349.77, for a total value of $11,801,589.57. Following the transaction, the insider now directly owns 36,566 shares in the company, valued at $12,789,689.82. This trade represents a 47.99 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 55,885 shares of company stock worth $19,161,447. Corporate insiders own 0.13% of the company’s stock.

Visa Trading Up 2.1 %

NYSE:V opened at $363.33 on Friday. Visa Inc. has a fifty-two week low of $252.70 and a fifty-two week high of $364.00. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.12 and a quick ratio of 1.12. The stock has a market capitalization of $674.99 billion, a PE ratio of 36.63, a price-to-earnings-growth ratio of 2.33 and a beta of 0.97. The business’s 50-day simple moving average is $333.03 and its 200-day simple moving average is $305.34.

Visa (NYSE:V) last released its quarterly earnings data on Thursday, January 30th. The credit-card processor reported $2.75 earnings per share for the quarter, beating 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%. Sell-side analysts expect that Visa Inc. will post 11.3 earnings per share for the current fiscal year.

Visa Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, March 3rd. Shareholders of record on Tuesday, February 11th will be paid a $0.59 dividend. This represents a $2.36 annualized dividend and a yield of 0.65%. The ex-dividend date is Tuesday, February 11th. Visa’s payout ratio is 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.