Kelman Lazarov Inc. increased its holdings in shares of Visa (NYSE:V) by 16.0% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 13,742 shares of the credit-card processor’s stock after purchasing an additional 1,895 shares during the period. Kelman Lazarov Inc.’s holdings in Visa were worth $1,567,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in V. Summit X LLC boosted its stake in Visa by 4.5% in the fourth quarter. Summit X LLC now owns 11,591 shares of the credit-card processor’s stock valued at $1,321,000 after acquiring an additional 495 shares in the last quarter. Duncker Streett & Co. Inc. boosted its stake in Visa by 53.1% in the fourth quarter. Duncker Streett & Co. Inc. now owns 19,454 shares of the credit-card processor’s stock valued at $2,218,000 after acquiring an additional 6,751 shares in the last quarter. Delta Asset Management LLC TN boosted its stake in Visa by 46.6% in the fourth quarter. Delta Asset Management LLC TN now owns 2,523 shares of the credit-card processor’s stock valued at $288,000 after acquiring an additional 802 shares in the last quarter. Hennessy Advisors Inc. boosted its stake in Visa by 70.4% in the fourth quarter. Hennessy Advisors Inc. now owns 28,120 shares of the credit-card processor’s stock valued at $3,206,000 after acquiring an additional 11,620 shares in the last quarter. Finally, CENTRAL TRUST Co boosted its stake in Visa by 7.5% in the fourth quarter. CENTRAL TRUST Co now owns 60,770 shares of the credit-card processor’s stock valued at $6,929,000 after acquiring an additional 4,249 shares in the last quarter. Hedge funds and other institutional investors own 81.47% of the company’s stock.

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V stock opened at $124.91 on Wednesday. The stock has a market cap of $256,598.69, a price-to-earnings ratio of 41.50, a price-to-earnings-growth ratio of 1.64 and a beta of 0.99. Visa has a fifty-two week low of $87.85 and a fifty-two week high of $126.88. The company has a quick ratio of 2.07, a current ratio of 2.07 and a debt-to-equity ratio of 0.60.

Visa (NYSE:V) last posted its quarterly earnings results on Thursday, February 1st. The credit-card processor reported $1.08 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.98 by $0.10. The business had revenue of $4.86 billion during the quarter, compared to analysts’ expectations of $4.82 billion. Visa had a net margin of 38.12% and a return on equity of 32.97%. The business’s quarterly revenue was up 9.0% on a year-over-year basis. During the same quarter last year, the company posted $0.86 earnings per share. sell-side analysts expect that Visa will post 4.38 EPS for the current year.

Visa declared that its Board of Directors has initiated a stock buyback program on Thursday, February 1st that allows the company to buyback $7.50 billion in shares. This buyback authorization allows the credit-card processor to reacquire shares of its stock through open market purchases. Shares buyback programs are usually an indication that the company’s board of directors believes its stock is undervalued.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 6th. Investors of record on Friday, February 16th were issued a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a dividend yield of 0.67%. The ex-dividend date of this dividend was Thursday, February 15th. This is a boost from Visa’s previous quarterly dividend of $0.20. Visa’s dividend payout ratio (DPR) is 27.91%.

In related news, EVP Lynne Biggar sold 1,712 shares of the firm’s stock in a transaction on Wednesday, February 14th. The shares were sold at an average price of $120.00, for a total transaction of $205,440.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.14% of the company’s stock.

Several equities research analysts have weighed in on the stock. Guggenheim restated a “buy” rating and issued a $136.00 target price on shares of Visa in a research note on Friday, February 2nd. Morgan Stanley raised their target price on shares of Visa from $137.00 to $140.00 and gave the company an “overweight” rating in a research note on Friday, February 2nd. BMO Capital Markets restated a “positive” rating and issued a $148.00 target price on shares of Visa in a research note on Monday, February 5th. Keefe, Bruyette & Woods restated a “buy” rating and issued a $141.00 target price on shares of Visa in a research note on Friday, December 22nd. Finally, Mizuho restated a “buy” rating and issued a $136.00 target price on shares of Visa in a research note on Friday, February 2nd. Two research analysts have rated the stock with a hold rating, thirty have assigned a buy rating and two have issued a strong buy rating to the stock. Visa currently has a consensus rating of “Buy” and a consensus price target of $134.14.

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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.

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Institutional Ownership by Quarter for Visa (NYSE:V)

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