Investors Research Corp Has $90,000 Holdings in Visa Inc. (NYSE:V)

Investors Research Corp increased its position in shares of Visa Inc. (NYSE:V) by 16.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 346 shares of the credit-card processor’s stock after acquiring an additional 49 shares during the quarter. Investors Research Corp’s holdings in Visa were worth $90,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in V. Moneta Group Investment Advisors LLC grew its position in Visa by 116,608.6% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 24,504,130 shares of the credit-card processor’s stock valued at $5,090,978,000 after purchasing an additional 24,483,134 shares in the last quarter. Norges Bank purchased a new position in Visa during the fourth quarter valued at approximately $3,067,232,000. Morgan Stanley grew its position in Visa by 13.0% during the fourth quarter. Morgan Stanley now owns 51,122,866 shares of the credit-card processor’s stock valued at $10,621,287,000 after purchasing an additional 5,864,340 shares in the last quarter. International Assets Investment Management LLC grew its position in Visa by 17,418.7% during the fourth quarter. International Assets Investment Management LLC now owns 4,737,229 shares of the credit-card processor’s stock valued at $1,233,338,000 after purchasing an additional 4,710,188 shares in the last quarter. Finally, State Street Corp grew its position in Visa by 3.7% during the first quarter. State Street Corp now owns 72,897,112 shares of the credit-card processor’s stock valued at $16,435,339,000 after purchasing an additional 2,572,159 shares in the last quarter. Institutional investors and hedge funds own 82.15% of the company’s stock.

Visa Trading Up 0.0 %

Shares of V stock opened at $271.34 on Wednesday. Visa Inc. has a 12-month low of $216.14 and a 12-month high of $290.96. The company has a market capitalization of $498.32 billion, a P/E ratio of 31.22, a P/E/G ratio of 1.87 and a beta of 0.96. The firm has a 50-day moving average price of $279.93 and a 200 day moving average price of $262.49. The company has a quick ratio of 1.45, a current ratio of 1.45 and a debt-to-equity ratio of 0.54.

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

Visa Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 1st. Stockholders of record on Friday, February 9th were given a dividend of $0.52 per share. This represents a $2.08 annualized dividend and a dividend yield of 0.77%. The ex-dividend date was Thursday, February 8th. Visa’s dividend payout ratio is 23.94%.

Analysts Set New Price Targets

Several analysts have commented on V shares. Citigroup boosted their target price on shares of Visa from $296.00 to $306.00 and gave the stock a “buy” rating in a research report on Thursday, January 18th. Susquehanna boosted their target price on shares of Visa from $300.00 to $326.00 and gave the stock a “positive” rating in a research report on Friday, January 26th. UBS Group boosted their target price on shares of Visa from $305.00 to $315.00 and gave the stock a “buy” rating in a research report on Friday, January 26th. Raymond James boosted their target price on shares of Visa from $287.00 to $311.00 and gave the stock an “outperform” rating in a research report on Friday, January 26th. Finally, KeyCorp boosted their target price on shares of Visa from $275.00 to $300.00 and gave the stock an “overweight” rating in a research report on Monday, January 8th. Five analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $296.87.

Insider Transactions at Visa

In related news, CAO Peter M. Andreski sold 2,615 shares of Visa stock in a transaction that occurred on Wednesday, February 7th. The shares were sold at an average price of $278.88, for a total transaction of $729,271.20. Following the transaction, the chief accounting officer now owns 4,898 shares of the company’s stock, valued at approximately $1,365,954.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Visa news, CAO Peter M. Andreski sold 2,615 shares of Visa stock in a transaction that occurred on Wednesday, February 7th. The shares were sold at an average price of $278.88, for a total value of $729,271.20. Following the transaction, the chief accounting officer now owns 4,898 shares of the company’s stock, valued at $1,365,954.24. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Rajat Taneja sold 36,546 shares of Visa stock in a transaction that occurred on Friday, January 19th. The shares were sold at an average price of $270.20, for a total transaction of $9,874,729.20. Following the completion of the transaction, the insider now directly owns 232,112 shares in the company, valued at approximately $62,716,662.40. The disclosure for this sale can be found here. Insiders sold a total of 55,511 shares of company stock worth $15,131,081 in the last quarter. 0.19% of the stock is owned by company insiders.

Visa Company 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.