GDS Wealth Management Purchases 4,396 Shares of Visa Inc. (NYSE:V)

GDS Wealth Management boosted its position in shares of Visa Inc. (NYSE:V) by 17.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 29,314 shares of the credit-card processor’s stock after acquiring an additional 4,396 shares during the quarter. GDS Wealth Management’s holdings in Visa were worth $7,632,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Altshuler Shaham Ltd acquired a new position in Visa in the 3rd quarter valued at about $25,000. O Brien Wealth Partners LLC bought a new stake in shares of Visa during the fourth quarter worth approximately $32,000. Valued Wealth Advisors LLC acquired a new position in shares of Visa in the fourth quarter valued at approximately $37,000. Delos Wealth Advisors LLC increased its stake in shares of Visa by 2,500.0% during the fourth quarter. Delos Wealth Advisors LLC now owns 156 shares of the credit-card processor’s stock worth $41,000 after purchasing an additional 150 shares during the period. Finally, Stuart Chaussee & Associates Inc. lifted its holdings in Visa by 66.2% during the 4th quarter. Stuart Chaussee & Associates Inc. now owns 236 shares of the credit-card processor’s stock worth $61,000 after purchasing an additional 94 shares during the last quarter. Institutional investors own 82.15% of the company’s stock.

Visa Stock Performance

Visa stock traded up $1.52 during trading on Thursday, hitting $278.71. The stock had a trading volume of 8,948,291 shares, compared to its average volume of 5,955,996. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 0.53. The stock’s 50 day moving average is $277.64 and its two-hundred day moving average is $266.44. Visa Inc. has a 1 year low of $216.14 and a 1 year high of $290.96. The stock has a market cap of $509.74 billion, a price-to-earnings ratio of 31.12, a price-to-earnings-growth ratio of 1.84 and a beta of 0.95.

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

Visa Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 3rd. Investors of record on Friday, May 17th will be given a dividend of $0.52 per share. This represents a $2.08 annualized dividend and a yield of 0.75%. The ex-dividend date is Thursday, May 16th. Visa’s payout ratio is 23.24%.

Insider Buying and Selling at Visa

In related news, CEO Ryan Mcinerney sold 8,200 shares of the 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 transaction, the chief executive officer now owns 538 shares of the company’s stock, valued at $150,833.68. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other Visa 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 value of $2,298,952.00. Following the sale, the chief executive officer now owns 538 shares of the company’s stock, valued at approximately $150,833.68. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Lloyd Carney sold 909 shares of the company’s stock in a transaction dated Friday, April 26th. The shares were sold at an average price of $275.55, for a total transaction of $250,474.95. Following the transaction, the director now directly owns 2,591 shares of the company’s stock, valued at $713,950.05. The disclosure for this sale can be found here. Insiders own 0.19% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently commented on the company. Macquarie boosted their price target on Visa from $290.00 to $300.00 and gave the company an “outperform” rating in a research note on Wednesday, April 24th. Keefe, Bruyette & Woods boosted their price target on Visa from $305.00 to $315.00 and gave the stock an “outperform” rating in a report on Friday, January 26th. TD Cowen initiated coverage on shares of Visa in a report on Thursday, April 11th. They set a “buy” rating and a $320.00 target price on the stock. Evercore ISI raised their price target on shares of Visa from $325.00 to $335.00 and gave the company an “outperform” rating in a research note on Tuesday, March 26th. Finally, Oppenheimer increased their price objective on Visa from $297.00 to $299.00 and gave the company an “outperform” rating in a report on Wednesday, April 24th. Five analysts have rated the stock with a hold rating and twenty have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $303.00.

Visa 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.