Marshall Investment Management LLC Purchases New Stake in Visa Inc. (NYSE:V)

Marshall Investment Management LLC acquired a new position in shares of Visa Inc. (NYSE:V) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 737 shares of the credit-card processor’s stock, valued at approximately $233,000.

Several other institutional investors and hedge funds have also recently modified their holdings of V. FPC Investment Advisory Inc. lifted its stake in shares of Visa by 377.3% in the 4th quarter. FPC Investment Advisory Inc. now owns 105 shares of the credit-card processor’s stock valued at $36,000 after purchasing an additional 83 shares during the last quarter. ST. Nicholas Private Asset Management Inc. acquired a new stake in shares of Visa during the 4th quarter worth about $583,000. Fisher Funds Management LTD acquired a new stake in shares of Visa during the fourth quarter valued at about $9,058,000. Pinnacle Financial Partners Inc lifted its holdings in shares of Visa by 0.6% in the 4th quarter. Pinnacle Financial Partners Inc now owns 430,976 shares of the credit-card processor’s stock worth $128,292,000 after acquiring an additional 2,369 shares during the last quarter. Finally, Capital City Trust Co. FL boosted its position in shares of Visa by 1.0% during the 4th quarter. Capital City Trust Co. FL now owns 25,702 shares of the credit-card processor’s stock worth $8,123,000 after purchasing an additional 264 shares during the period. Institutional investors and hedge funds own 82.15% of the company’s stock.

Analyst Ratings Changes

V has been the topic of a number of research analyst reports. Deutsche Bank Aktiengesellschaft boosted their target price on Visa from $300.00 to $340.00 and gave the company a “buy” rating in a research report on Wednesday, October 30th. William Blair reaffirmed an “outperform” rating on shares of Visa in a research report on Friday, January 31st. JPMorgan Chase & Co. increased their price target on shares of Visa from $340.00 to $375.00 and gave the stock an “overweight” rating in a research report on Friday, January 31st. Citigroup reissued a “neutral” rating on shares of Visa in a research note on Thursday, February 13th. Finally, Macquarie upped their target price on shares of Visa from $300.00 to $335.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 30th. Six research analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Visa has a consensus rating of “Moderate Buy” and an average target price of $353.96.

Insider Transactions at Visa

In other Visa news, CAO Peter M. Andreski sold 2,332 shares of Visa 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 sale, the chief accounting officer now directly owns 4,488 shares of the company’s stock, valued at approximately $1,569,094.56. The trade was a 34.19 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Tullier Kelly Mahon sold 33,741 shares of the firm’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 completion of the sale, the insider now directly owns 36,566 shares in the company, valued at approximately $12,789,689.82. The trade was a 47.99 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 55,885 shares of company stock valued at $19,161,447 over the last three months. 0.13% of the stock is currently owned by insiders.

Visa Stock Performance

Shares of V opened at $349.46 on Tuesday. 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 company has a 50-day simple moving average of $329.81 and a 200-day simple moving average of $303.29. Visa Inc. has a 52-week low of $252.70 and a 52-week high of $357.15. The company has a market capitalization of $649.21 billion, a PE ratio of 35.23, a P/E/G ratio of 2.33 and a beta of 0.97.

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

Visa Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 3rd. Shareholders of record on Tuesday, February 11th will be 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 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.