Savant Capital LLC Purchases 2,817 Shares of Visa Inc. (NYSE:V)

Savant Capital LLC grew its position in Visa Inc. (NYSE:V) by 8.1% in the fourth quarter, HoldingsChannel.com reports. The fund owned 37,765 shares of the credit-card processor’s stock after buying an additional 2,817 shares during the period. Savant Capital LLC’s holdings in Visa were worth $9,832,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently modified their holdings of the company. GoalVest Advisory LLC boosted its position in shares of Visa by 3.4% in the fourth quarter. GoalVest Advisory LLC now owns 1,217 shares of the credit-card processor’s stock valued at $317,000 after acquiring an additional 40 shares during the period. Destiny Wealth Partners LLC raised its stake in Visa by 2.5% in the fourth quarter. Destiny Wealth Partners LLC now owns 1,668 shares of the credit-card processor’s stock valued at $433,000 after purchasing an additional 40 shares in the last quarter. Sunflower Bank N.A. raised its stake in Visa by 1.3% in the fourth quarter. Sunflower Bank N.A. now owns 3,143 shares of the credit-card processor’s stock valued at $818,000 after purchasing an additional 41 shares in the last quarter. Parker Financial LLC raised its stake in Visa by 4.8% in the fourth quarter. Parker Financial LLC now owns 925 shares of the credit-card processor’s stock valued at $241,000 after purchasing an additional 42 shares in the last quarter. Finally, Patron Partners LLC raised its stake in Visa by 1.0% in the fourth quarter. Patron Partners LLC now owns 4,295 shares of the credit-card processor’s stock valued at $1,118,000 after purchasing an additional 42 shares in the last quarter. Institutional investors own 82.15% of the company’s stock.

Visa Stock Performance

NYSE:V opened at $268.97 on Wednesday. The stock has a market cap of $493.97 billion, a P/E ratio of 30.02, a price-to-earnings-growth ratio of 1.87 and a beta of 0.96. The firm’s fifty day simple moving average is $278.98 and its 200 day simple moving average is $265.19. Visa Inc. has a twelve month low of $216.14 and a twelve month high of $290.96. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 0.53.

Visa (NYSE:V) last released its quarterly earnings results on Tuesday, April 23rd. The credit-card processor reported $2.51 earnings per share for the quarter, beating the consensus estimate of $2.43 by $0.08. The business had revenue of $8.78 billion for the quarter, compared to analysts’ expectations of $8.62 billion. Visa had a net margin of 53.87% and a return on equity of 51.23%. The firm’s revenue for the quarter was up 9.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.09 earnings per share. As a group, research analysts predict that Visa Inc. will post 9.9 EPS for the current year.

Visa Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 3rd. Stockholders of record on Friday, May 17th will be issued a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a dividend yield of 0.77%. The ex-dividend date of this dividend is Thursday, May 16th. Visa’s dividend payout ratio (DPR) is presently 23.24%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the stock. Royal Bank of Canada raised their target price on shares of Visa from $309.00 to $315.00 and gave the company an “outperform” rating in a research note on Wednesday, April 24th. KeyCorp raised their target price on shares of Visa from $275.00 to $300.00 and gave the company an “overweight” rating in a research note on Monday, January 8th. Susquehanna lifted their price target on shares of Visa from $300.00 to $326.00 and gave the stock a “positive” rating in a research note on Friday, January 26th. Macquarie lifted their price target on shares of Visa from $290.00 to $300.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 24th. Finally, Robert W. Baird lifted their price target on shares of Visa from $314.00 to $320.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 17th. Five analysts have rated the stock with a hold rating and twenty have given a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $302.58.

Insider Activity

In other news, CEO Ryan Mcinerney sold 8,150 shares of the business’s stock in a transaction on Thursday, February 1st. The shares were sold at an average price of $273.39, for a total transaction of $2,228,128.50. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other news, Director Lloyd Carney sold 909 shares of Visa stock in a transaction dated Friday, April 26th. The stock was sold at an average price of $275.55, for a total value of $250,474.95. Following the completion of the transaction, the director now owns 2,591 shares of the company’s stock, valued at approximately $713,950.05. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Ryan Mcinerney sold 8,150 shares of Visa stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $273.39, for a total value of $2,228,128.50. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 19,874 shares of company stock worth $5,506,827. Corporate insiders own 0.19% 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.