Saxon Interests Inc. Makes New Investment in Visa Inc. (NYSE:V)

Saxon Interests Inc. purchased a new position in Visa Inc. (NYSE:V) in the fourth quarter, HoldingsChannel.com reports. The firm purchased 1,992 shares of the credit-card processor’s stock, valued at approximately $519,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Investment Advisory Services Inc. TX ADV boosted its stake in shares of Visa by 2.0% in the third quarter. Investment Advisory Services Inc. TX ADV now owns 3,930 shares of the credit-card processor’s stock worth $904,000 after acquiring an additional 78 shares during the period. Camarda Financial Advisors LLC boosted its stake in Visa by 3.0% during the second quarter. Camarda Financial Advisors LLC now owns 6,249 shares of the credit-card processor’s stock valued at $1,484,000 after buying an additional 182 shares during the last quarter. Wayfinding Financial LLC boosted its stake in Visa by 10.1% during the third quarter. Wayfinding Financial LLC now owns 1,757 shares of the credit-card processor’s stock valued at $406,000 after buying an additional 161 shares during the last quarter. Richelieu Gestion SA bought a new position in Visa during the fourth quarter valued at approximately $307,000. Finally, Orion Portfolio Solutions LLC boosted its stake in Visa by 5,907.4% during the second quarter. Orion Portfolio Solutions LLC now owns 221,012 shares of the credit-card processor’s stock valued at $52,486,000 after buying an additional 217,333 shares during the last quarter. Hedge funds and other institutional investors own 82.15% of the company’s stock.

Visa Stock Performance

V traded up $0.06 on Friday, reaching $279.08. 5,844,358 shares of the stock were exchanged, compared to its average volume of 6,182,342. The company’s 50-day moving average price is $279.11 and its 200 day moving average price is $258.66. Visa Inc. has a fifty-two week low of $216.14 and a fifty-two week high of $290.96. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.45 and a quick ratio of 1.45. The firm has a market capitalization of $512.53 billion, a PE ratio of 32.08, a PEG ratio of 1.93 and a beta of 0.96.

Visa (NYSE:V) last released its quarterly earnings data on Thursday, January 25th. The credit-card processor reported $2.41 earnings per share for the quarter, beating analysts’ consensus estimates of $2.34 by $0.07. The business had revenue of $8.63 billion during the quarter, compared to analyst estimates of $8.55 billion. Visa had a return on equity of 50.02% and a net margin of 53.92%. The company’s revenue was up 9.3% on a year-over-year basis. During the same quarter last year, the business posted $2.18 EPS. As a group, sell-side analysts forecast that Visa Inc. will post 9.89 EPS for the current fiscal year.

Visa Dividend Announcement

The firm 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. The ex-dividend date was Thursday, February 8th. This represents a $2.08 annualized dividend and a dividend yield of 0.75%. Visa’s dividend payout ratio is presently 23.94%.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. Susquehanna increased their price target on Visa from $300.00 to $326.00 and gave the company a “positive” rating in a research note on Friday, January 26th. Raymond James increased their price target on Visa from $287.00 to $311.00 and gave the stock an “outperform” rating in a report on Friday, January 26th. UBS Group increased their price target on Visa from $305.00 to $315.00 and gave the stock a “buy” rating in a report on Friday, January 26th. William Blair restated an “outperform” rating on shares of Visa in a report on Friday, January 26th. Finally, Royal Bank of Canada raised their price objective on Visa from $290.00 to $309.00 and gave the stock an “outperform” rating in a report on Friday, January 26th. Five analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $295.82.

Insider Activity at Visa

In related news, insider Rajat Taneja sold 36,546 shares of Visa stock in a transaction dated Friday, January 19th. The stock was sold at an average price of $270.20, for a total value of $9,874,729.20. Following the sale, the insider now directly owns 232,112 shares in the company, valued at approximately $62,716,662.40. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In other news, CAO Peter M. Andreski sold 2,615 shares of the business’s stock in a transaction that occurred on Wednesday, February 7th. The stock was sold at an average price of $278.88, for a total transaction of $729,271.20. Following the transaction, the chief accounting officer now directly owns 4,898 shares in the company, valued at approximately $1,365,954.24. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Rajat Taneja sold 36,546 shares of the business’s stock in a transaction that occurred on Friday, January 19th. The stock was sold at an average price of $270.20, for a total value of $9,874,729.20. Following the transaction, the insider now owns 232,112 shares in the company, valued at $62,716,662.40. The disclosure for this sale can be found here. Insiders sold a total of 47,311 shares of company stock worth $12,832,129 in the last 90 days. Corporate insiders own 0.19% of the company’s stock.

About Visa

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.