Hantz Financial Services Inc. decreased its position in Visa Inc. (NYSE:V - Free Report) by 0.9% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 195,748 shares of the credit-card processor's stock after selling 1,801 shares during the quarter. Visa accounts for 1.1% of Hantz Financial Services Inc.'s portfolio, making the stock its 16th biggest holding. Hantz Financial Services Inc.'s holdings in Visa were worth $61,864,000 at the end of the most recent quarter.
Several other hedge funds have also modified their holdings of V. Czech National Bank boosted its holdings in shares of Visa by 13.4% in the 3rd quarter. Czech National Bank now owns 340,238 shares of the credit-card processor's stock worth $93,548,000 after purchasing an additional 40,268 shares during the period. Unique Wealth LLC lifted its position in Visa by 16.7% in the third quarter. Unique Wealth LLC now owns 8,170 shares of the credit-card processor's stock worth $2,246,000 after buying an additional 1,171 shares during the last quarter. SG Americas Securities LLC boosted its stake in Visa by 4,412.3% during the third quarter. SG Americas Securities LLC now owns 4,072,467 shares of the credit-card processor's stock worth $1,119,725,000 after buying an additional 4,166,905 shares during the period. Farmers Trust Co. increased its position in Visa by 0.6% during the third quarter. Farmers Trust Co. now owns 25,773 shares of the credit-card processor's stock valued at $7,086,000 after acquiring an additional 154 shares during the last quarter. Finally, Delta Financial Group Inc. raised its stake in shares of Visa by 1.3% in the third quarter. Delta Financial Group Inc. now owns 7,673 shares of the credit-card processor's stock valued at $2,110,000 after acquiring an additional 99 shares during the period. 82.15% of the stock is owned by hedge funds and other institutional investors.
Shares of V opened at $342.05 on Friday. The company has a 50 day moving average of $317.09 and a two-hundred day moving average of $292.45. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 0.55. Visa Inc. has a twelve month low of $252.70 and a twelve month high of $351.25. The company has a market cap of $637.19 billion, a price-to-earnings ratio of 35.15, a price-to-earnings-growth ratio of 2.27 and a beta of 0.96.
Visa (NYSE:V - Get Free Report) last posted its quarterly earnings data 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 53.16% and a net margin of 54.96%. As a group, analysts predict that Visa Inc. will post 11.18 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 3rd. Stockholders of record on Tuesday, February 11th will be issued a dividend of $0.59 per share. The ex-dividend date of this dividend is Tuesday, February 11th. This represents a $2.36 annualized dividend and a dividend yield of 0.69%. Visa's dividend payout ratio (DPR) is currently 24.25%.
In related news, insider Paul D. Fabara sold 2,171 shares of the firm's stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $307.97, for a total value of $668,602.87. Following the completion of the transaction, the insider now owns 17,894 shares in the company, valued at $5,510,815.18. This trade represents a 10.82 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Ryan Mcinerney sold 8,620 shares of Visa stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $317.78, for a total value of $2,739,263.60. The disclosure for this sale can be found here. 0.13% of the stock is currently owned by insiders.
V has been the topic of several analyst reports. Robert W. Baird upped their price target on shares of Visa from $330.00 to $340.00 and gave the company an "outperform" rating in a report on Wednesday, October 30th. Wells Fargo & Company upped their target price on Visa from $360.00 to $395.00 and gave the company an "overweight" rating in a research note on Friday. Raymond James reissued an "outperform" rating and set a $393.00 price target (up from $374.00) on shares of Visa in a research note on Friday. Susquehanna upped their price objective on Visa from $375.00 to $395.00 and gave the company a "positive" rating in a research report on Friday. Finally, Seaport Res Ptn upgraded Visa from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, January 14th. Four equities research analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $352.27.
View Our Latest Research Report on 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.
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to [email protected].
Before you consider Visa, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Visa wasn't on the list.
While Visa currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.