Linden Thomas Advisory Services LLC Purchases 2,135 Shares of Visa Inc. (NYSE:V)

Linden Thomas Advisory Services LLC increased its position in Visa Inc. (NYSE:V) by 25.9% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 10,372 shares of the credit-card processor’s stock after acquiring an additional 2,135 shares during the period. Linden Thomas Advisory Services LLC’s holdings in Visa were worth $2,700,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Altshuler Shaham Ltd bought a new position in Visa in the third quarter worth approximately $25,000. O Brien Wealth Partners LLC bought a new position in Visa in the 4th quarter worth $32,000. Nalls Sherbakoff Group LLC lifted its position in Visa by 545.5% during the third quarter. Nalls Sherbakoff Group LLC now owns 142 shares of the credit-card processor’s stock valued at $33,000 after purchasing an additional 120 shares in the last quarter. Valued Wealth Advisors LLC bought a new stake in Visa during the fourth quarter valued at about $37,000. Finally, Macroview Investment Management LLC increased its position in Visa by 1,019.2% in the third quarter. Macroview Investment Management LLC now owns 291 shares of the credit-card processor’s stock worth $67,000 after buying an additional 265 shares in the last quarter. Institutional investors own 82.15% of the company’s stock.

Visa Trading Up 0.8 %

Shares of V stock traded up $2.25 during trading hours on Wednesday, reaching $276.36. 4,026,682 shares of the stock were exchanged, compared to its average volume of 5,851,841. The firm has a market capitalization of $507.54 billion, a price-to-earnings ratio of 31.86, a price-to-earnings-growth ratio of 1.88 and a beta of 0.96. Visa Inc. has a 12-month low of $216.14 and a 12-month high of $290.96. The company’s 50-day moving average price is $279.49 and its 200-day moving average price is $263.90. The company has a current ratio of 1.45, a quick ratio of 1.45 and a debt-to-equity ratio of 0.54.

Visa (NYSE:V) last released its earnings results on Tuesday, April 23rd. The credit-card processor reported $2.51 EPS for the quarter, beating analysts’ consensus estimates of $2.43 by $0.08. Visa had a return on equity of 50.02% and a net margin of 53.92%. The firm had revenue of $8.78 billion for the quarter, compared to analysts’ expectations of $8.62 billion. During the same quarter in the prior year, the firm posted $2.09 earnings per share. The company’s quarterly revenue was up 9.9% on a year-over-year basis. As a group, equities analysts anticipate that Visa Inc. will post 9.88 earnings per share for the current year.

Visa Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 1st. Investors of record on Friday, February 9th were paid a $0.52 dividend. This represents a $2.08 annualized dividend and a yield of 0.75%. The ex-dividend date was Thursday, February 8th. Visa’s dividend payout ratio is presently 23.94%.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on V. Robert W. Baird increased their target price on shares of Visa from $314.00 to $320.00 and gave the stock an “outperform” rating in a report on Wednesday, April 17th. TD Cowen began coverage on shares of Visa in a research note on Thursday, April 11th. They issued a “buy” rating and a $320.00 price objective for the company. Citigroup lifted their target price on shares of Visa from $314.00 to $321.00 and gave the company a “buy” rating in a research note on Wednesday. Susquehanna increased their price target on Visa from $300.00 to $326.00 and gave the stock a “positive” rating in a research note on Friday, January 26th. Finally, Barclays boosted their price objective on Visa from $304.00 to $319.00 and gave the company an “overweight” rating in a research report on Monday, January 29th. Five analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the stock. Based on data from MarketBeat, Visa currently has an average rating of “Moderate Buy” and an average price target of $302.43.

Insider Buying and Selling at Visa

In other news, CEO Ryan Mcinerney sold 8,200 shares of Visa stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $280.36, for a total transaction of $2,298,952.00. Following the completion of the sale, the chief executive officer now owns 538 shares of the company’s stock, valued at $150,833.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, CAO Peter M. Andreski sold 2,615 shares of the business’s stock in a transaction dated Wednesday, February 7th. The shares were sold at an average price of $278.88, for a total value of $729,271.20. Following the completion of the sale, the chief accounting officer now owns 4,898 shares in the company, valued at approximately $1,365,954.24. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Ryan Mcinerney sold 8,200 shares of the stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $280.36, for a total transaction of $2,298,952.00. Following the transaction, the chief executive officer now owns 538 shares in the company, valued at $150,833.68. The disclosure for this sale can be found here. Insiders sold a total of 18,965 shares of company stock valued at $5,256,352 in the last three months. Company insiders own 0.19% of the company’s stock.

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.