Arcataur Capital Management LLC Boosts Stock Position in Visa Inc. (NYSE:V)

Arcataur Capital Management LLC grew its holdings in shares of Visa Inc. (NYSE:V) by 9.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,151 shares of the credit-card processor’s stock after buying an additional 260 shares during the quarter. Arcataur Capital Management LLC’s holdings in Visa were worth $996,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in V. Platform Technology Partners lifted its holdings in Visa by 0.8% during the 4th quarter. Platform Technology Partners now owns 9,774 shares of the credit-card processor’s stock worth $3,089,000 after buying an additional 78 shares during the last quarter. Dock Street Asset Management Inc. lifted its stake in Visa by 1.2% during the fourth quarter. Dock Street Asset Management Inc. now owns 145,372 shares of the credit-card processor’s stock worth $45,943,000 after purchasing an additional 1,714 shares during the last quarter. Realta Investment Advisors boosted its holdings in Visa by 49.4% in the fourth quarter. Realta Investment Advisors now owns 2,675 shares of the credit-card processor’s stock worth $843,000 after purchasing an additional 884 shares during the period. Triasima Portfolio Management inc. acquired a new position in Visa in the fourth quarter worth $4,086,000. Finally, Golden State Wealth Management LLC bought a new stake in Visa during the fourth quarter valued at $2,435,000. Institutional investors and hedge funds own 82.15% of the company’s stock.

Insider Activity

In related news, insider Tullier Kelly Mahon sold 33,741 shares of Visa 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 transaction, the insider now owns 36,566 shares of the company’s stock, valued at approximately $12,789,689.82. This trade represents a 47.99 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Paul D. Fabara sold 2,171 shares of the company’s stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $307.97, for a total transaction of $668,602.87. Following the sale, the insider now directly owns 17,894 shares of the company’s stock, valued at $5,510,815.18. This represents a 10.82 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 58,056 shares of company stock worth $19,830,050. Insiders own 0.13% of the company’s stock.

Visa Trading Up 0.2 %

Shares of V stock opened at $348.26 on Monday. The company has a quick ratio of 1.28, a current ratio of 1.12 and a debt-to-equity ratio of 0.45. The stock has a 50-day simple moving average of $321.08 and a 200 day simple moving average of $295.90. Visa Inc. has a fifty-two week low of $252.70 and a fifty-two week high of $351.25. The stock has a market capitalization of $647.00 billion, a P/E ratio of 35.11, a P/E/G ratio of 2.32 and a beta of 0.97.

Visa (NYSE:V) last announced its quarterly earnings data on Thursday, January 30th. The credit-card processor reported $2.75 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.66 by $0.09. Visa had a net margin of 54.27% and a return on equity of 54.79%. On average, sell-side analysts expect that Visa Inc. will post 11.27 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 issued a $0.59 dividend. The ex-dividend date of this dividend is Tuesday, February 11th. This represents a $2.36 annualized dividend and a dividend yield of 0.68%. Visa’s dividend payout ratio is currently 23.79%.

Analysts Set New Price Targets

Several research firms have recently commented on V. Barclays lifted their price target on shares of Visa from $361.00 to $396.00 and gave the company an “overweight” rating in a report on Monday, February 3rd. Susquehanna upped their target price on Visa from $375.00 to $395.00 and gave the company a “positive” rating in a report on Friday, January 31st. The Goldman Sachs Group raised their price target on Visa from $346.00 to $384.00 and gave the stock a “buy” rating in a report on Friday, January 31st. Raymond James restated an “outperform” rating and set a $393.00 price objective (up from $374.00) on shares of Visa in a research note on Friday, January 31st. Finally, Wells Fargo & Company raised their target price on Visa from $360.00 to $395.00 and gave the company an “overweight” rating in a research note on Friday, January 31st. Four analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $354.73.

Visa Company 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.