Visa Inc. (NYSE:V) Shares Acquired by Ellsworth Advisors LLC

by · The Cerbat Gem

Ellsworth Advisors LLC raised its position in shares of Visa Inc. (NYSE:V – Free Report) by 5.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,447 shares of the credit-card processor’s stock after acquiring an additional 464 shares during the quarter. Ellsworth Advisors LLC’s holdings in Visa were worth $2,986,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in V. Certified Advisory Corp increased its holdings in shares of Visa by 5.3% in the second quarter. Certified Advisory Corp now owns 14,048 shares of the credit-card processor’s stock valued at $3,687,000 after purchasing an additional 705 shares during the last quarter. J. Stern & Co. LLP increased its holdings in shares of Visa by 39.5% in the second quarter. J. Stern & Co. LLP now owns 10,847 shares of the credit-card processor’s stock valued at $2,847,000 after purchasing an additional 3,070 shares during the last quarter. Public Sector Pension Investment Board increased its holdings in shares of Visa by 23.1% in the second quarter. Public Sector Pension Investment Board now owns 519,939 shares of the credit-card processor’s stock valued at $136,468,000 after purchasing an additional 97,655 shares during the last quarter. Magnetar Financial LLC increased its holdings in shares of Visa by 37.1% in the second quarter. Magnetar Financial LLC now owns 17,736 shares of the credit-card processor’s stock valued at $4,655,000 after purchasing an additional 4,803 shares during the last quarter. Finally, Evergreen Capital Management LLC increased its holdings in shares of Visa by 2.8% in the second quarter. Evergreen Capital Management LLC now owns 21,714 shares of the credit-card processor’s stock valued at $5,699,000 after purchasing an additional 582 shares during the last quarter. Institutional investors and hedge funds own 82.15% of the company’s stock.

Visa Trading Up 0.9 %

NYSE:V opened at $319.97 on Tuesday. Visa Inc. has a 12-month low of $252.70 and a 12-month high of $321.61. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 0.55. The firm has a market cap of $596.06 billion, a PE ratio of 32.88, a price-to-earnings-growth ratio of 2.06 and a beta of 0.96. The stock has a fifty day moving average price of $313.41 and a 200 day moving average price of $288.73.

Visa (NYSE:V – Get Free Report) last posted its quarterly earnings results on Tuesday, October 29th. The credit-card processor reported $2.71 earnings per share for the quarter, beating analysts’ consensus estimates of $2.58 by $0.13. Visa had a return on equity of 53.16% and a net margin of 54.96%. The company had revenue of $9.62 billion for the quarter, compared to analysts’ expectations of $9.49 billion. During the same period last year, the firm earned $2.33 earnings per share. Visa’s quarterly revenue was up 11.7% on a year-over-year basis. Sell-side analysts anticipate that Visa Inc. will post 11.22 earnings per share for the current fiscal year.

Visa Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, December 2nd. Shareholders of record on Tuesday, November 12th were paid a $0.59 dividend. The ex-dividend date of this dividend was Tuesday, November 12th. This is a boost from Visa’s previous quarterly dividend of $0.52. This represents a $2.36 dividend on an annualized basis and a yield of 0.74%. Visa’s dividend payout ratio (DPR) is currently 24.25%.

Insider Buying and Selling at Visa

In other news, insider Paul D. Fabara sold 2,171 shares of Visa stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $307.97, for a total transaction of $668,602.87. Following the sale, the insider now owns 17,894 shares in the company, valued at approximately $5,510,815.18. The trade was a 10.82 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Ryan Mcinerney sold 8,620 shares of Visa stock in a transaction dated Thursday, January 2nd. The stock was 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. 0.13% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several research firms recently commented on V. Morgan Stanley increased their price target on Visa from $326.00 to $371.00 and gave the company an “overweight” rating in a report on Wednesday, December 18th. Royal Bank of Canada increased their price objective on Visa from $311.00 to $322.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 30th. Robert W. Baird increased their price objective on Visa from $330.00 to $340.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 30th. Keefe, Bruyette & Woods increased their price objective on Visa from $335.00 to $360.00 and gave the stock an “outperform” rating in a research report on Monday, December 9th. Finally, Seaport Res Ptn upgraded Visa from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, January 14th. Four analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $331.92.

Get Our Latest Research Report on Visa

Visa Profile

(Free Report)

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.

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