Proficio Capital Partners LLC Buys 3,926,049 Shares of Visa Inc. (NYSE:V)

Proficio Capital Partners LLC lifted its stake in Visa Inc. (NYSE:V) by 17,018.7% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,949,118 shares of the credit-card processor’s stock after acquiring an additional 3,926,049 shares during the period. Visa accounts for 0.7% of Proficio Capital Partners LLC’s portfolio, making the stock its 24th largest position. Proficio Capital Partners LLC owned 0.21% of Visa worth $1,248,079,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently made changes to their positions in V. Peterson Financial Group Inc. bought a new position in shares of Visa in the 3rd quarter worth $26,000. Decker Retirement Planning Inc. acquired a new position in Visa during the 4th quarter valued at about $26,000. Bradley & Co. Private Wealth Management LLC acquired a new position in Visa during the 4th quarter valued at about $27,000. Reston Wealth Management LLC acquired a new position in Visa during the 3rd quarter valued at about $31,000. Finally, POM Investment Strategies LLC increased its position in Visa by 48.5% during the 4th quarter. POM Investment Strategies LLC now owns 98 shares of the credit-card processor’s stock valued at $31,000 after buying an additional 32 shares in the last quarter. 82.15% of the stock is owned by institutional investors.

Insider Buying and Selling at Visa

In other Visa news, CEO Ryan Mcinerney sold 8,620 shares of the 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Tullier Kelly Mahon sold 33,741 shares of the stock in a transaction that occurred on Friday, February 7th. The shares were 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 of the company’s stock, 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 sold 55,885 shares of company stock valued at $19,161,447 over the last quarter. 0.13% of the stock is currently owned by insiders.

Visa Stock Performance

Shares of V stock opened at $363.33 on Friday. The company has a market capitalization of $674.99 billion, a P/E ratio of 36.63, a P/E/G ratio of 2.33 and a beta of 0.97. The business’s 50 day moving average is $333.03 and its two-hundred day moving average is $305.34. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.45. Visa Inc. has a 12-month low of $252.70 and a 12-month high of $364.00.

Visa (NYSE:V) last issued its quarterly earnings results on Thursday, January 30th. The credit-card processor reported $2.75 earnings per share (EPS) 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%. Analysts expect that Visa Inc. will post 11.3 EPS 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 issued a dividend of $0.59 per share. The ex-dividend date is Tuesday, February 11th. This represents a $2.36 dividend on an annualized basis and a dividend yield of 0.65%. Visa’s payout ratio is currently 23.79%.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the company. Citigroup reaffirmed a “neutral” rating on shares of Visa in a research report on Thursday, February 13th. Bank of America upped their target price on Visa from $331.00 to $363.00 and gave the company a “neutral” rating in a research report on Friday, January 31st. Mizuho upped their target price on Visa from $279.00 to $292.00 and gave the company a “neutral” rating in a research report on Friday, November 1st. Susquehanna boosted their price target on Visa from $395.00 to $410.00 and gave the company a “positive” rating in a research note on Friday, February 21st. Finally, William Blair reiterated an “outperform” rating on shares of Visa in a research note on Friday, January 31st. Six research analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Visa has a consensus rating of “Moderate Buy” and a consensus price target of $353.96.

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.