Edge Advisors LLC Has $3.14 Million Position in Visa (V)

Edge Advisors LLC raised its holdings in Visa (NYSE:V) by 3.7% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 27,559 shares of the credit-card processor’s stock after purchasing an additional 993 shares during the quarter. Edge Advisors LLC’s holdings in Visa were worth $3,141,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of the business. BlackRock Inc. raised its position in Visa by 2.5% in the fourth quarter. BlackRock Inc. now owns 120,243,230 shares of the credit-card processor’s stock valued at $13,710,132,000 after purchasing an additional 2,986,301 shares during the period. Jennison Associates LLC raised its position in Visa by 1.0% in the third quarter. Jennison Associates LLC now owns 21,283,466 shares of the credit-card processor’s stock valued at $2,239,872,000 after purchasing an additional 209,764 shares during the period. Geode Capital Management LLC raised its position in Visa by 3.7% in the fourth quarter. Geode Capital Management LLC now owns 20,412,345 shares of the credit-card processor’s stock valued at $2,322,847,000 after purchasing an additional 719,390 shares during the period. Bank of New York Mellon Corp raised its position in Visa by 9.3% in the third quarter. Bank of New York Mellon Corp now owns 19,188,126 shares of the credit-card processor’s stock valued at $2,019,358,000 after purchasing an additional 1,624,700 shares during the period. Finally, Fisher Asset Management LLC raised its position in Visa by 2.8% in the fourth quarter. Fisher Asset Management LLC now owns 16,419,486 shares of the credit-card processor’s stock valued at $1,872,150,000 after purchasing an additional 448,015 shares during the period. Institutional investors own 82.07% of the company’s stock.

A number of research firms have commented on V. Keefe, Bruyette & Woods restated a “buy” rating on shares of Visa in a research report on Thursday, February 1st. BMO Capital Markets restated a “positive” rating and issued a $148.00 target price on shares of Visa in a research report on Monday, February 5th. Mizuho restated a “buy” rating and issued a $136.00 target price on shares of Visa in a research report on Friday, February 2nd. Piper Jaffray lifted their target price on Visa from $158.00 to $164.00 and gave the company an “overweight” rating in a research report on Friday, February 2nd. Finally, Morgan Stanley lifted their target price on Visa from $137.00 to $140.00 and gave the company an “overweight” rating in a research report on Friday, February 2nd. Three investment analysts have rated the stock with a hold rating, thirty-one have given a buy rating and one has given a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $137.42.

In other news, SVP James H. Hoffmeister sold 8,423 shares of the company’s stock in a transaction dated Monday, April 30th. The stock was sold at an average price of $127.67, for a total transaction of $1,075,364.41. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, President Ryan Mcinerney sold 38,500 shares of the company’s stock in a transaction dated Thursday, May 10th. The stock was sold at an average price of $131.33, for a total value of $5,056,205.00. The disclosure for this sale can be found here. Insiders own 0.14% of the company’s stock.

Visa opened at $129.93 on Friday, according to Marketbeat. Visa has a 12 month low of $130.72 and a 12 month high of $131.39. The firm has a market cap of $267.96 billion, a P/E ratio of 37.34, a P/E/G ratio of 1.71 and a beta of 0.98. The company has a quick ratio of 1.94, a current ratio of 1.94 and a debt-to-equity ratio of 0.58.

Visa (NYSE:V) last released its earnings results on Wednesday, April 25th. The credit-card processor reported $1.11 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.01 by $0.10. Visa had a return on equity of 33.90% and a net margin of 48.18%. The firm had revenue of $5.07 billion during the quarter, compared to analysts’ expectations of $4.82 billion. During the same period in the previous year, the firm posted $0.86 EPS. Visa’s revenue for the quarter was up 13.3% on a year-over-year basis. research analysts forecast that Visa will post 4.46 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 5th. Investors of record on Friday, May 18th will be paid a dividend of $0.21 per share. The ex-dividend date of this dividend is Thursday, May 17th. This represents a $0.84 annualized dividend and a yield of 0.65%. Visa’s payout ratio is 24.14%.

Visa declared that its board has initiated a stock buyback program on Thursday, February 1st that allows the company to buyback $7.50 billion in shares. This buyback authorization allows the credit-card processor to purchase shares of its stock through open market purchases. Shares buyback programs are generally an indication that the company’s board believes its stock is undervalued.

About Visa

Visa Inc operates as a payments technology company worldwide. The company facilitates commerce through the transfer of value and information among consumers, merchants, financial institutions, businesses, strategic partners, and government entities. It operates VisaNet, a processing network that enables authorization, clearing, and settlement of payment transactions; and offers fraud protection for account holders and assured payment for merchants.

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Institutional Ownership by Quarter for Visa (NYSE:V)

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