Visa Inc. (NYSE:V) Shares Purchased by Stegent Equity Advisors Inc.

Stegent Equity Advisors Inc. increased its holdings in Visa Inc. (NYSE:V) by 18.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,317 shares of the credit-card processor’s stock after buying an additional 204 shares during the quarter. Stegent Equity Advisors Inc.’s holdings in Visa were worth $416,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of V. Peterson Financial Group Inc. acquired a new position in Visa in the 3rd quarter worth approximately $26,000. Decker Retirement Planning Inc. acquired a new position in Visa in the 4th quarter worth approximately $26,000. Bradley & Co. Private Wealth Management LLC acquired a new position in Visa in the 4th quarter worth approximately $27,000. Reston Wealth Management LLC purchased a new stake in Visa in the 3rd quarter worth approximately $31,000. Finally, POM Investment Strategies LLC boosted its position in Visa by 48.5% in the 4th quarter. POM Investment Strategies LLC now owns 98 shares of the credit-card processor’s stock worth $31,000 after purchasing an additional 32 shares in the last quarter. Institutional investors and hedge funds own 82.15% of the company’s stock.

Visa Trading Up 2.1 %

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

Visa (NYSE:V) last issued its 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%. Research analysts expect that Visa Inc. will post 11.3 earnings per share for the current fiscal year.

Visa Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, March 3rd. Shareholders of record on Tuesday, February 11th will be paid a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a dividend yield of 0.65%. The ex-dividend date is Tuesday, February 11th. Visa’s dividend payout ratio (DPR) is presently 23.79%.

Analysts Set New Price Targets

Several equities research analysts have commented on the company. Barclays upped their price objective on Visa from $361.00 to $396.00 and gave the stock an “overweight” rating in a research report on Monday, February 3rd. Seaport Res Ptn upgraded Visa from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, January 14th. Oppenheimer restated an “outperform” rating on shares of Visa in a research report on Thursday, February 13th. JPMorgan Chase & Co. upped their price objective on Visa from $340.00 to $375.00 and gave the stock an “overweight” rating in a research report on Friday, January 31st. Finally, Citigroup restated a “neutral” rating on shares of Visa in a research report on Thursday, February 13th. Six investment 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. According to data from MarketBeat.com, Visa currently has a consensus rating of “Moderate Buy” and a consensus target price of $353.96.

Insiders Place Their Bets

In related news, CEO Ryan Mcinerney sold 8,620 shares of the firm’s stock in a transaction dated 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 filing with the Securities & Exchange Commission, which can be accessed 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 sale, 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 ownership of the stock. The disclosure for this sale can be found here. Insiders sold 55,885 shares of company stock valued at $19,161,447 in the last three months. 0.13% of the stock is currently owned by insiders.

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.