Next Capital Management LLC Buys 490 Shares of Visa Inc. (NYSE:V)

Next Capital Management LLC lifted its stake in shares of Visa Inc. (NYSE:V) by 37.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,798 shares of the credit-card processor’s stock after purchasing an additional 490 shares during the period. Next Capital Management LLC’s holdings in Visa were worth $568,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of V. Generali Investments Management Co LLC bought a new position in Visa in the fourth quarter valued at about $1,403,000. GM Advisory Group LLC lifted its position in Visa by 6.1% during the 4th quarter. GM Advisory Group LLC now owns 12,830 shares of the credit-card processor’s stock valued at $4,055,000 after purchasing an additional 743 shares during the period. GCQ FUNDS MANAGEMENT PTY Ltd bought a new position in shares of Visa in the 4th quarter valued at about $47,974,000. Investment House LLC grew its position in shares of Visa by 0.9% during the 4th quarter. Investment House LLC now owns 47,806 shares of the credit-card processor’s stock worth $15,109,000 after buying an additional 405 shares during the period. Finally, Harvest Fund Management Co. Ltd raised its stake in shares of Visa by 520.0% during the fourth quarter. Harvest Fund Management Co. Ltd now owns 12,432 shares of the credit-card processor’s stock worth $3,932,000 after buying an additional 10,427 shares during the last quarter. 82.15% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on V shares. Seaport Res Ptn raised shares of Visa from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, January 14th. Keefe, Bruyette & Woods restated a “hold” rating on shares of Visa in a research report on Thursday, February 13th. Raymond James reaffirmed 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. Morgan Stanley increased their target price on Visa from $326.00 to $371.00 and gave the company an “overweight” rating in a research note on Wednesday, December 18th. Finally, Barclays boosted their target price on Visa from $361.00 to $396.00 and gave the stock an “overweight” rating in a research report on Monday, February 3rd. Seven research analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $353.96.

Visa Price Performance

Shares of NYSE V opened at $334.30 on Wednesday. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.12 and a quick ratio of 1.12. The business has a 50-day moving average of $338.84 and a 200-day moving average of $312.02. The stock has a market capitalization of $621.06 billion, a price-to-earnings ratio of 33.70, a PEG ratio of 2.33 and a beta of 0.95. Visa Inc. has a fifty-two week low of $252.70 and a fifty-two week high of $366.54.

Visa (NYSE:V) last announced its quarterly earnings data on Thursday, January 30th. The credit-card processor reported $2.75 EPS for the quarter, beating analysts’ consensus estimates of $2.66 by $0.09. Visa had a net margin of 54.27% and a return on equity of 54.79%. As a group, sell-side analysts predict that Visa Inc. will post 11.3 earnings per share for the current fiscal year.

Visa Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Tuesday, February 11th were given a $0.59 dividend. This represents a $2.36 annualized dividend and a dividend yield of 0.71%. The ex-dividend date of this dividend was Tuesday, February 11th. Visa’s payout ratio is presently 23.79%.

Insiders Place Their Bets

In other Visa news, CAO Peter M. Andreski sold 2,332 shares of the business’s stock in a transaction that occurred on Friday, February 7th. The shares were sold at an average price of $349.62, for a total transaction of $815,313.84. Following the completion of the transaction, the chief accounting officer now directly owns 4,488 shares in the company, valued at $1,569,094.56. The trade was a 34.19 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Ryan Mcinerney sold 8,620 shares of the firm’s stock in a transaction on Thursday, January 2nd. The shares were 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. Insiders sold 103,855 shares of company stock worth $35,165,827 over the last three months. Insiders own 0.13% of the company’s stock.

Visa 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.