Alta Advisers Ltd Has $1.81 Million Stock Holdings in Visa Inc. (NYSE:V)

Alta Advisers Ltd grew its stake in Visa Inc. (NYSE:V) by 24.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,712 shares of the credit-card processor’s stock after purchasing an additional 1,112 shares during the quarter. Visa makes up approximately 1.1% of Alta Advisers Ltd’s investment portfolio, making the stock its 16th largest holding. Alta Advisers Ltd’s holdings in Visa were worth $1,805,000 as of its most recent SEC filing.

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

Wall Street Analysts Forecast Growth

V has been the subject of several research analyst reports. Raymond James reissued an “outperform” rating and issued a $393.00 price objective (up from $374.00) on shares of Visa in a research report on Friday, January 31st. Evercore ISI started coverage on shares of Visa in a research note on Wednesday, April 9th. They issued an “in-line” rating and a $330.00 price objective for the company. Piper Sandler reaffirmed an “overweight” rating and issued a $383.00 target price (up from $368.00) on shares of Visa in a research report on Friday, January 31st. Citigroup restated a “neutral” rating on shares of Visa in a report on Thursday, February 13th. Finally, Bank of America upped 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. Seven investment analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Visa presently has a consensus rating of “Moderate Buy” and a consensus target price of $355.84.

Visa Trading Down 2.9 %

Visa stock opened at $320.01 on Tuesday. 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 $594.51 billion, a P/E ratio of 32.26, a P/E/G ratio of 2.33 and a beta of 0.94. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.45. The business has a 50-day simple moving average of $340.05 and a two-hundred day simple moving average of $321.34.

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%. Analysts predict that Visa Inc. will post 11.3 EPS for the current year.

Visa Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Tuesday, February 11th were issued a $0.59 dividend. The ex-dividend date of this dividend was Tuesday, February 11th. This represents a $2.36 annualized dividend and a dividend yield of 0.74%. Visa’s dividend payout ratio (DPR) is presently 23.79%.

Insiders Place Their Bets

In other Visa news, CEO Ryan Mcinerney sold 8,620 shares of the stock in a transaction dated Tuesday, April 1st. The stock was sold at an average price of $350.44, for a total value of $3,020,792.80. Following the completion of the sale, the chief executive officer now directly owns 537 shares in the company, valued at approximately $188,186.28. This trade represents a 94.14 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Tullier Kelly Mahon sold 33,741 shares of the business’s stock in a transaction dated 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 sale, the insider now owns 36,566 shares in the company, valued at $12,789,689.82. The trade was a 47.99 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 143,205 shares of company stock worth $48,842,490 over the last quarter. Company insiders own 0.13% of the company’s stock.

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.