2,004 Shares in Visa Inc. (NYSE:V) Purchased by denkapparat Operations GmbH

denkapparat Operations GmbH purchased a new stake in shares of Visa Inc. (NYSE:V) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 2,004 shares of the credit-card processor’s stock, valued at approximately $633,000. Visa accounts for 0.9% of denkapparat Operations GmbH’s portfolio, making the stock its 25th biggest holding.

Other hedge funds have also made changes to their positions in the company. Premier Fund Managers Ltd lifted its holdings in shares of Visa by 3.2% during the 4th quarter. Premier Fund Managers Ltd now owns 309,251 shares of the credit-card processor’s stock valued at $97,558,000 after buying an additional 9,641 shares during the last quarter. Nomura Asset Management Co. Ltd. lifted its stake in Visa by 10.0% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 826,929 shares of the credit-card processor’s stock valued at $261,343,000 after acquiring an additional 75,255 shares during the last quarter. Broadway Wealth Solutions Inc. bought a new stake in Visa in the fourth quarter worth approximately $419,000. New Age Alpha Advisors LLC increased its stake in shares of Visa by 44,126.7% during the 4th quarter. New Age Alpha Advisors LLC now owns 33,170 shares of the credit-card processor’s stock worth $10,483,000 after purchasing an additional 33,095 shares during the last quarter. Finally, Providence Capital Advisors LLC lifted its stake in shares of Visa by 34.1% in the 4th quarter. Providence Capital Advisors LLC now owns 866 shares of the credit-card processor’s stock valued at $274,000 after purchasing an additional 220 shares during the last quarter. Hedge funds and other institutional investors own 82.15% of the company’s stock.

Insiders Place Their Bets

In other news, insider Paul D. Fabara sold 39,350 shares of the firm’s stock in a transaction dated Wednesday, March 19th. The shares were sold at an average price of $340.41, for a total transaction of $13,395,133.50. Following the completion of the sale, the insider now owns 26,413 shares in the company, valued at approximately $8,991,249.33. This trade represents a 59.84 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Tullier Kelly Mahon sold 33,741 shares of the firm’s stock in a transaction that occurred on Friday, February 7th. The stock was sold at an average price of $349.77, for a total transaction of $11,801,589.57. Following the sale, the insider now owns 36,566 shares of the company’s stock, valued at $12,789,689.82. This trade represents a 47.99 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 143,205 shares of company stock valued at $48,560,961 in the last quarter. 0.13% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of analysts have weighed in on the company. Bank of America boosted their price target on Visa from $331.00 to $363.00 and gave the stock a “neutral” rating in a research report on Friday, January 31st. Keefe, Bruyette & Woods reaffirmed a “hold” rating on shares of Visa in a research report on Thursday, February 13th. Susquehanna reissued a “positive” rating on shares of Visa in a research report on Friday, March 21st. Citigroup reaffirmed a “neutral” rating on shares of Visa in a report on Thursday, February 13th. Finally, StockNews.com raised shares of Visa from a “hold” rating to a “buy” rating in a research report on Friday. Five analysts have rated the stock with a hold rating, twenty-three have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $355.84.

Visa Price Performance

Shares of V opened at $349.82 on Friday. The stock has a market cap of $649.89 billion, a P/E ratio of 35.26, a price-to-earnings-growth ratio of 2.33 and a beta of 0.95. Visa Inc. has a 1 year low of $252.70 and a 1 year high of $366.54. The stock’s 50-day moving average price is $343.15 and its two-hundred day moving average price is $314.66. 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 (NYSE:V) last announced its quarterly earnings results on Thursday, January 30th. The credit-card processor reported $2.75 earnings per share (EPS) for the quarter, beating 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, equities analysts predict that Visa Inc. will post 11.3 earnings per share for the current year.

Visa Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Tuesday, February 11th were given a dividend of $0.59 per share. The ex-dividend date was Tuesday, February 11th. This represents a $2.36 annualized dividend and a dividend yield of 0.67%. Visa’s dividend payout ratio is currently 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.