M. Kulyk & Associates LLC Buys 8,147 Shares of Visa Inc. $V

M. Kulyk & Associates LLC raised its stake in shares of Visa Inc. (NYSE:V) by 28.9% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 36,354 shares of the credit-card processor’s stock after buying an additional 8,147 shares during the period. Visa comprises about 2.5% of M. Kulyk & Associates LLC’s investment portfolio, making the stock its 10th biggest holding. M. Kulyk & Associates LLC’s holdings in Visa were worth $12,411,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Sagard Holdings Management Inc. purchased a new position in Visa in the second quarter valued at about $31,000. Bare Financial Services Inc raised its stake in shares of Visa by 287.0% during the 2nd quarter. Bare Financial Services Inc now owns 89 shares of the credit-card processor’s stock worth $32,000 after purchasing an additional 66 shares in the last quarter. Winnow Wealth LLC acquired a new stake in shares of Visa during the 2nd quarter valued at about $40,000. Quaker Wealth Management LLC lifted its holdings in shares of Visa by 202.7% during the 2nd quarter. Quaker Wealth Management LLC now owns 114 shares of the credit-card processor’s stock valued at $40,000 after buying an additional 225 shares during the last quarter. Finally, Decker Retirement Planning Inc. bought a new stake in shares of Visa in the 2nd quarter valued at approximately $41,000. 82.15% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, CEO Ryan Mcinerney sold 10,485 shares of the stock in a transaction that occurred on Friday, January 2nd. The stock was sold at an average price of $349.18, for a total transaction of $3,661,152.30. Following the completion of the sale, the chief executive officer owned 9,401 shares in the company, valued at $3,282,641.18. This represents a 52.73% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.12% of the stock is currently owned by insiders.

Visa Price Performance

NYSE V opened at $306.22 on Tuesday. Visa Inc. has a 1 year low of $299.00 and a 1 year high of $375.51. The company has a fifty day simple moving average of $335.58 and a 200 day simple moving average of $338.77. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.51. The company has a market cap of $555.84 billion, a P/E ratio of 28.73, a P/E/G ratio of 1.84 and a beta of 0.79.

Visa (NYSE:V) last released its earnings results on Thursday, January 29th. The credit-card processor reported $3.17 earnings per share for the quarter, topping analysts’ consensus estimates of $3.14 by $0.03. Visa had a net margin of 50.23% and a return on equity of 61.74%. The firm had revenue of $10.90 billion during the quarter, compared to analyst estimates of $10.69 billion. During the same quarter in the previous year, the business earned $2.75 EPS. The business’s revenue was up 14.6% on a year-over-year basis. On average, sell-side analysts predict that Visa Inc. will post 11.3 EPS for the current year.

Visa Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 2nd. Investors of record on Tuesday, February 10th will be given a dividend of $0.67 per share. This represents a $2.68 annualized dividend and a dividend yield of 0.9%. The ex-dividend date of this dividend is Tuesday, February 10th. Visa’s payout ratio is currently 25.14%.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the stock. UBS Group reaffirmed a “buy” rating on shares of Visa in a research report on Tuesday, January 13th. Evercore set a $380.00 price target on shares of Visa in a research note on Friday, December 12th. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $395.00 price objective on shares of Visa in a research note on Friday, January 30th. Cantor Fitzgerald upgraded shares of Visa to a “strong-buy” rating in a report on Tuesday, January 27th. Finally, Rothschild & Co Redburn set a $385.00 target price on Visa in a report on Wednesday, January 28th. Seven analysts have rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and an average target price of $391.43.

Visa Profile

Visa Inc is a global payments technology company that facilitates electronic funds transfers and digital commerce by connecting consumers, merchants, financial institutions and governments. The firm operates one of the world’s largest payment networks, providing processing, authorization, clearing and settlement services for credit, debit and prepaid card transactions. Visa’s network-based model enables partner banks and other issuers to offer branded payment products while Visa focuses on the infrastructure, standards and technologies that move money securely and efficiently around the world.

Visa’s product and service portfolio includes card-based payment products for consumers and businesses, real-time push-payment capabilities, tokenization and authentication services, fraud and risk-management tools, data analytics and APIs for fintech and merchant integration.