Fountainhead AM LLC Purchases 359 Shares of Visa Inc. (NYSE:V)

Fountainhead AM LLC lifted its position in shares of Visa Inc. (NYSE:V) by 7.5% in the fourth quarter, HoldingsChannel reports. The fund owned 5,163 shares of the credit-card processor’s stock after buying an additional 359 shares during the period. Fountainhead AM LLC’s holdings in Visa were worth $1,344,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Altshuler Shaham Ltd bought a new stake in shares of Visa in the third quarter worth about $25,000. O Brien Wealth Partners LLC acquired a new position in shares of Visa during the fourth quarter worth about $32,000. Nalls Sherbakoff Group LLC boosted its position in shares of Visa by 545.5% during the third quarter. Nalls Sherbakoff Group LLC now owns 142 shares of the credit-card processor’s stock worth $33,000 after buying an additional 120 shares during the period. Valued Wealth Advisors LLC acquired a new position in shares of Visa during the fourth quarter worth about $37,000. Finally, Macroview Investment Management LLC boosted its position in shares of Visa by 1,019.2% during the third quarter. Macroview Investment Management LLC now owns 291 shares of the credit-card processor’s stock worth $67,000 after buying an additional 265 shares during the period. Institutional investors own 82.15% of the company’s stock.

Wall Street Analyst Weigh In

V has been the subject of several recent research reports. Evercore ISI upped their price objective on Visa from $325.00 to $335.00 and gave the stock an “outperform” rating in a research report on Tuesday, March 26th. Royal Bank of Canada increased their price target on Visa from $309.00 to $315.00 and gave the company an “outperform” rating in a research report on Wednesday. Wedbush increased their price target on Visa from $280.00 to $300.00 and gave the company an “outperform” rating in a research report on Wednesday. Mizuho reissued a “neutral” rating and set a $265.00 price target on shares of Visa in a research report on Wednesday, March 27th. Finally, Macquarie increased their price target on Visa from $290.00 to $300.00 and gave the company an “outperform” rating in a research report on Wednesday. Five equities research analysts have rated the stock with a hold rating and twenty have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $302.58.

Insiders Place Their Bets

In related news, CEO Ryan Mcinerney sold 8,200 shares of the firm’s stock in a transaction on Monday, April 1st. The shares were sold at an average price of $280.36, for a total transaction of $2,298,952.00. Following the completion of the transaction, the chief executive officer now owns 538 shares of the company’s stock, valued at $150,833.68. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In related news, CEO Ryan Mcinerney sold 8,200 shares of the firm’s stock in a transaction on Monday, April 1st. The shares were sold at an average price of $280.36, for a total transaction of $2,298,952.00. Following the sale, the chief executive officer now owns 538 shares in the company, valued at $150,833.68. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CAO Peter M. Andreski sold 2,615 shares of Visa stock in a transaction dated Wednesday, February 7th. The shares were sold at an average price of $278.88, for a total transaction of $729,271.20. Following the completion of the sale, the chief accounting officer now owns 4,898 shares in the company, valued at approximately $1,365,954.24. The disclosure for this sale can be found here. Over the last quarter, insiders sold 18,965 shares of company stock valued at $5,256,352. Insiders own 0.19% of the company’s stock.

Visa Price Performance

V stock opened at $273.46 on Thursday. The firm has a market capitalization of $502.21 billion, a price-to-earnings ratio of 30.73, a PEG ratio of 1.89 and a beta of 0.96. Visa Inc. has a 52-week low of $216.14 and a 52-week high of $290.96. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.45 and a current ratio of 1.45. The firm has a 50 day moving average price of $279.44 and a 200-day moving average price of $263.97.

Visa (NYSE:V) last released its quarterly earnings data on Tuesday, April 23rd. The credit-card processor reported $2.51 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.43 by $0.08. Visa had a net margin of 53.87% and a return on equity of 51.72%. The firm had revenue of $8.78 billion for the quarter, compared to the consensus estimate of $8.62 billion. During the same period last year, the firm earned $2.09 earnings per share. The company’s quarterly revenue was up 9.9% on a year-over-year basis. Equities research analysts forecast that Visa Inc. will post 9.88 EPS for the current fiscal year.

Visa Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, June 3rd. Shareholders of record on Friday, May 17th will be issued a $0.52 dividend. The ex-dividend date is Thursday, May 16th. This represents a $2.08 dividend on an annualized basis and a dividend yield of 0.76%. Visa’s dividend payout ratio is currently 23.24%.

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.