Valley National Advisers Inc. Purchases 368 Shares of Visa Inc. (NYSE:V)

Valley National Advisers Inc. boosted its position in shares of Visa Inc. (NYSE:V) by 97.6% during the 4th quarter, HoldingsChannel.com reports. The fund owned 745 shares of the credit-card processor’s stock after buying an additional 368 shares during the quarter. Valley National Advisers Inc.’s holdings in Visa were worth $235,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in V. Czech National Bank raised its position in shares of Visa by 13.4% in the third quarter. Czech National Bank now owns 340,238 shares of the credit-card processor’s stock valued at $93,548,000 after purchasing an additional 40,268 shares during the period. Security National Bank raised its position in shares of Visa by 0.4% in the third quarter. Security National Bank now owns 38,642 shares of the credit-card processor’s stock valued at $10,625,000 after purchasing an additional 149 shares during the period. Greenfield Savings Bank raised its position in shares of Visa by 4.7% in the third quarter. Greenfield Savings Bank now owns 5,255 shares of the credit-card processor’s stock valued at $1,445,000 after purchasing an additional 235 shares during the period. Versant Capital Management Inc raised its position in shares of Visa by 6.8% in the third quarter. Versant Capital Management Inc now owns 3,668 shares of the credit-card processor’s stock valued at $1,009,000 after purchasing an additional 234 shares during the period. Finally, Ignite Planners LLC increased its position in Visa by 3.6% during the third quarter. Ignite Planners LLC now owns 2,822 shares of the credit-card processor’s stock worth $776,000 after acquiring an additional 97 shares during the period. 82.15% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research firms recently commented on V. Bank of America raised their price target on shares of Visa from $331.00 to $363.00 and gave the stock a “neutral” rating in a research report on Friday, January 31st. Deutsche Bank Aktiengesellschaft raised their price target on shares of Visa from $300.00 to $340.00 and gave the stock a “buy” rating in a research report on Wednesday, October 30th. Keefe, Bruyette & Woods raised their price target on shares of Visa from $360.00 to $400.00 and gave the stock an “outperform” rating in a research report on Friday, January 31st. Robert W. Baird raised their price target on shares of Visa from $330.00 to $340.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 30th. Finally, Raymond James reaffirmed an “outperform” rating and set a $393.00 price target (up from $374.00) on shares of Visa in a research report on Friday, January 31st. Four analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Visa currently has an average rating of “Moderate Buy” and an average price target of $354.73.

Visa Stock Down 0.1 %

NYSE:V opened at $345.31 on Wednesday. The firm’s 50 day simple moving average is $318.40 and its 200 day simple moving average is $293.81. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.12 and a quick ratio of 1.28. Visa Inc. has a one year low of $252.70 and a one year high of $351.25. The company has a market cap of $643.27 billion, a PE ratio of 34.81, a P/E/G ratio of 2.30 and a beta of 0.97.

Visa (NYSE:V) last posted its earnings results on Thursday, January 30th. The credit-card processor reported $2.75 EPS for the quarter, topping the consensus estimate of $2.66 by $0.09. Visa had a net margin of 54.27% and a return on equity of 54.79%. On average, research analysts anticipate that Visa Inc. will post 11.2 earnings per share for the current year.

Visa Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 3rd. Investors of record on Tuesday, February 11th will be given a dividend of $0.59 per share. The ex-dividend date of this dividend is Tuesday, February 11th. This represents a $2.36 annualized dividend and a yield of 0.68%. Visa’s dividend payout ratio is presently 23.79%.

Insider Buying and Selling

In other Visa news, insider Paul D. Fabara sold 2,171 shares of the firm’s stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $307.97, for a total transaction of $668,602.87. Following the completion of the transaction, the insider now owns 17,894 shares in the company, valued at approximately $5,510,815.18. This trade represents a 10.82 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Ryan Mcinerney sold 8,620 shares of the firm’s stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $340.00, for a total transaction of $2,930,800.00. The disclosure for this sale can be found here. Insiders have sold a total of 21,983 shares of company stock worth $7,213,146 in the last ninety days. Company insiders own 0.13% of the company’s stock.

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.