D.A. Davidson & CO. grew its stake in Visa Inc (NYSE:V) by 1.3% during the 3rd quarter, HoldingsChannel reports. The fund owned 370,055 shares of the credit-card processor’s stock after acquiring an additional 4,876 shares during the period. Visa comprises about 1.0% of D.A. Davidson & CO.’s portfolio, making the stock its 16th biggest position. D.A. Davidson & CO.’s holdings in Visa were worth $55,542,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Fort L.P. purchased a new position in Visa during the second quarter worth about $120,000. Bridgeworth LLC purchased a new position in Visa during the second quarter worth about $143,000. Ruggie Capital Group purchased a new position in Visa during the second quarter worth about $164,000. Quadrant Private Wealth Management LLC purchased a new position in Visa during the third quarter worth about $200,000. Finally, O Dell Group LLC purchased a new position in Visa during the third quarter worth about $200,000. Institutional investors and hedge funds own 80.09% of the company’s stock.

Shares of NYSE:V opened at $140.15 on Monday. The stock has a market cap of $282.68 billion, a price-to-earnings ratio of 30.40, a PEG ratio of 1.60 and a beta of 0.98. The company has a quick ratio of 1.61, a current ratio of 1.61 and a debt-to-equity ratio of 0.58. Visa Inc has a 12 month low of $111.02 and a 12 month high of $151.56.

Visa (NYSE:V) last announced its quarterly earnings results on Wednesday, January 30th. The credit-card processor reported $1.30 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.25 by $0.05. The company had revenue of $5.51 billion during the quarter, compared to analyst estimates of $5.41 billion. Visa had a return on equity of 39.42% and a net margin of 50.61%. The firm’s revenue was up 13.2% on a year-over-year basis. During the same period in the prior year, the firm posted $1.08 earnings per share. Research analysts predict that Visa Inc will post 5.33 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 5th. Stockholders of record on Friday, February 15th will be paid a $0.25 dividend. The ex-dividend date is Thursday, February 14th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.71%. Visa’s dividend payout ratio (DPR) is currently 21.69%.

In other news, SVP James H. Hoffmeister sold 2,252 shares of the stock in a transaction dated Monday, December 3rd. The stock was sold at an average price of $144.56, for a total value of $325,549.12. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP William M. Sheedy sold 13,864 shares of the stock in a transaction dated Monday, December 3rd. The shares were sold at an average price of $144.97, for a total value of $2,009,864.08. The disclosure for this sale can be found here. In the last quarter, insiders sold 19,759 shares of company stock valued at $2,820,187. Insiders own 0.17% of the company’s stock.

Several equities analysts recently weighed in on the company. Credit Suisse Group increased their target price on Visa from $150.00 to $164.00 and gave the stock an “outperform” rating in a research report on Monday, October 8th. JPMorgan Chase & Co. reiterated a “buy” rating and set a $166.00 target price on shares of Visa in a research report on Thursday, October 25th. Raymond James reiterated an “outperform” rating and set a $152.00 target price (down from $167.00) on shares of Visa in a research report on Thursday. Cantor Fitzgerald reiterated a “buy” rating and set a $160.00 target price on shares of Visa in a research report on Thursday. Finally, Barclays assumed coverage on Visa in a research report on Wednesday, November 14th. They set an “overweight” rating and a $170.00 target price on the stock. One equities research analyst has rated the stock with a hold rating and twenty-seven have assigned a buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $162.77.

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Visa Company Profile

Visa Inc operates as a payments technology company worldwide. The company facilitates commerce through the transfer of value and information among consumers, merchants, financial institutions, businesses, strategic partners, and government entities. It operates VisaNet, a processing network that enables authorization, clearing, and settlement of payment transactions; and offers fraud protection for account holders and assured payment for merchants.

Further Reading: Net Margin – Understanding the Different Kinds of Profit

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Institutional Ownership by Quarter for Visa (NYSE:V)

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