3,653 Shares in Visa Inc. (NYSE:V) Purchased by Sivia Capital Partners LLC

Sivia Capital Partners LLC acquired a new position in shares of Visa Inc. (NYSE:V) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 3,653 shares of the credit-card processor’s stock, valued at approximately $951,000. Visa makes up 0.5% of Sivia Capital Partners LLC’s investment portfolio, making the stock its 24th biggest holding.

Other hedge funds have also recently added to or reduced their stakes in the company. Financial Engines Advisors L.L.C. lifted its stake in shares of Visa by 2.8% in the 3rd quarter. Financial Engines Advisors L.L.C. now owns 1,747 shares of the credit-card processor’s stock valued at $402,000 after purchasing an additional 48 shares in the last quarter. Alcosta Capital Management Inc. lifted its stake in shares of Visa by 0.3% in the 3rd quarter. Alcosta Capital Management Inc. now owns 14,171 shares of the credit-card processor’s stock valued at $3,259,000 after purchasing an additional 45 shares in the last quarter. Meridian Wealth Advisors LLC lifted its stake in shares of Visa by 1.6% in the 3rd quarter. Meridian Wealth Advisors LLC now owns 23,286 shares of the credit-card processor’s stock valued at $5,356,000 after purchasing an additional 358 shares in the last quarter. Sargent Investment Group LLC lifted its stake in shares of Visa by 3.8% in the 3rd quarter. Sargent Investment Group LLC now owns 3,252 shares of the credit-card processor’s stock valued at $748,000 after purchasing an additional 119 shares in the last quarter. Finally, Intact Investment Management Inc. lifted its stake in shares of Visa by 18.5% in the 3rd quarter. Intact Investment Management Inc. now owns 4,800 shares of the credit-card processor’s stock valued at $1,104,000 after purchasing an additional 750 shares in the last quarter. 82.15% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms recently commented on V. Wells Fargo & Company boosted their price target on Visa from $300.00 to $325.00 and gave the stock an “overweight” rating in a research report on Wednesday, March 6th. Oppenheimer boosted their price target on Visa from $297.00 to $299.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 24th. Mizuho boosted their price target on Visa from $265.00 to $275.00 and gave the stock a “neutral” rating in a research report on Thursday, May 2nd. Royal Bank of Canada boosted their price target on Visa from $309.00 to $315.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 24th. Finally, Citigroup boosted their price target on Visa from $314.00 to $321.00 and gave the stock a “buy” rating in a research report on Wednesday, April 24th. Five investment analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $303.76.

Insider Activity

In other news, Director Lloyd Carney sold 909 shares of the company’s stock in a transaction on Friday, April 26th. The stock was sold at an average price of $275.55, for a total value of $250,474.95. Following the completion of the sale, the director now owns 2,591 shares in the company, valued at $713,950.05. The sale was disclosed in a legal filing with the SEC, which is available at this link. In other news, Director Lloyd Carney sold 909 shares of the business’s stock in a transaction on Friday, April 26th. The stock was sold at an average price of $275.55, for a total transaction of $250,474.95. Following the sale, the director now directly owns 2,591 shares of the company’s stock, valued at $713,950.05. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Ryan Mcinerney sold 8,200 shares of the business’s stock in a transaction on Monday, April 1st. The stock was sold at an average price of $280.36, for a total value of $2,298,952.00. Following the sale, the chief executive officer now directly owns 538 shares in the company, valued at $150,833.68. The disclosure for this sale can be found here. Insiders sold a total of 34,402 shares of company stock worth $9,559,382 over the last 90 days. 0.19% of the stock is currently owned by company insiders.

Visa Trading Up 0.2 %

Shares of V stock opened at $271.13 on Tuesday. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.40 and a current ratio of 1.40. Visa Inc. has a 1 year low of $224.98 and a 1 year high of $290.96. The stock has a fifty day moving average of $274.04 and a two-hundred day moving average of $272.58. The firm has a market capitalization of $495.88 billion, a PE ratio of 30.29, a price-to-earnings-growth ratio of 1.85 and a beta of 0.97.

Visa (NYSE:V) last announced its quarterly earnings results on Tuesday, April 23rd. The credit-card processor reported $2.51 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.43 by $0.08. The company had revenue of $8.78 billion during the quarter, compared to analyst estimates of $8.62 billion. Visa had a return on equity of 51.23% and a net margin of 53.87%. The firm’s quarterly revenue was up 9.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.09 EPS. As a group, research analysts expect that Visa Inc. will post 9.94 EPS for the current year.

Visa Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 3rd. Stockholders of record on Friday, May 17th were issued a $0.52 dividend. The ex-dividend date was Thursday, May 16th. This represents a $2.08 annualized dividend and a dividend yield of 0.77%. Visa’s dividend payout ratio (DPR) is 23.24%.

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.