Brasada Capital Management LP Buys 736 Shares of Visa Inc. (NYSE:V)

by · The Markets Daily

Brasada Capital Management LP increased its position in Visa Inc. (NYSE:V – Free Report) by 6.4% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 12,215 shares of the credit-card processor’s stock after buying an additional 736 shares during the quarter. Brasada Capital Management LP’s holdings in Visa were worth $3,749,000 at the end of the most recent reporting period.

Other institutional investors also recently made changes to their positions in the company. Howard Capital Management Group LLC increased its holdings in Visa by 0.6% during the 3rd quarter. Howard Capital Management Group LLC now owns 106,355 shares of the credit-card processor’s stock valued at $29,242,000 after purchasing an additional 610 shares during the period. Principal Financial Group Inc. increased its stake in shares of Visa by 7.7% during the third quarter. Principal Financial Group Inc. now owns 5,733,284 shares of the credit-card processor’s stock valued at $1,576,366,000 after purchasing an additional 411,210 shares in the last quarter. Morse Asset Management Inc bought a new position in Visa during the 3rd quarter valued at approximately $69,000. Passumpsic Savings Bank raised its position in shares of Visa by 2.0% in the 3rd quarter. Passumpsic Savings Bank now owns 9,137 shares of the credit-card processor’s stock worth $2,512,000 after purchasing an additional 179 shares during the last quarter. Finally, Virtu Financial LLC raised its holdings in Visa by 101.5% in the third quarter. Virtu Financial LLC now owns 44,984 shares of the credit-card processor’s stock worth $12,368,000 after buying an additional 22,658 shares during the last quarter. Hedge funds and other institutional investors own 82.15% of the company’s stock.

Visa Price Performance

V opened at $331.74 on Wednesday. Visa Inc. has a 52-week low of $252.70 and a 52-week high of $366.54. The business has a fifty day moving average of $339.57 and a 200 day moving average of $321.41. The stock has a market cap of $616.30 billion, a P/E ratio of 33.44, a PEG ratio of 2.33 and a beta of 0.94. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.45.

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

Visa Dividend Announcement

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

Insiders Place Their Bets

In related news, insider Paul D. Fabara sold 39,350 shares of the stock in a transaction that occurred on Friday, March 14th. The shares were sold at an average price of $327.20, for a total value of $12,875,320.00. Following the completion of the transaction, the insider now directly owns 26,413 shares of the company’s stock, valued at $8,642,333.60. This trade represents a 59.84 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Ryan Mcinerney sold 8,620 shares of Visa stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $363.00, for a total transaction of $3,129,060.00. Following the sale, the chief executive officer now owns 537 shares of the company’s stock, valued at $194,931. The trade was a 94.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 143,205 shares of company stock worth $48,842,490. 0.13% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on V. Wells Fargo & Company upped their price target on Visa from $360.00 to $395.00 and gave the company an “overweight” rating in a report on Friday, January 31st. UBS Group raised their target price on Visa from $350.00 to $400.00 and gave the stock a “buy” rating in a report on Friday, January 31st. JPMorgan Chase & Co. raised their target price on shares of Visa from $340.00 to $375.00 and gave the stock an “overweight” rating in a research note on Friday, January 31st. Oppenheimer restated an “outperform” rating on shares of Visa in a research report on Thursday, February 13th. Finally, StockNews.com lowered shares of Visa from a “buy” rating to a “hold” rating in a research report on Wednesday, April 16th. Seven research analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $355.84.

Check Out Our Latest Analysis on Visa

Visa Company 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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