Moss Adams Wealth Advisors LLC Has $580,000 Position in Visa Inc. (NYSE:V)

Moss Adams Wealth Advisors LLC increased its stake in shares of Visa Inc. (NYSE:V) by 5.4% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,227 shares of the credit-card processor’s stock after purchasing an additional 115 shares during the quarter. Moss Adams Wealth Advisors LLC’s holdings in Visa were worth $580,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in V. Sawgrass Asset Management LLC increased its stake in shares of Visa by 26.6% in the fourth quarter. Sawgrass Asset Management LLC now owns 54,236 shares of the credit-card processor’s stock valued at $14,120,000 after buying an additional 11,396 shares during the period. Barlow Wealth Partners Inc. acquired a new position in Visa in the 4th quarter valued at approximately $23,427,000. Patrick M Sweeney & Associates Inc. bought a new position in shares of Visa during the fourth quarter valued at $1,752,000. Sovereign Financial Group Inc. lifted its holdings in shares of Visa by 3.4% during the fourth quarter. Sovereign Financial Group Inc. now owns 5,797 shares of the credit-card processor’s stock worth $1,509,000 after purchasing an additional 189 shares during the period. Finally, Blue Barn Wealth LLC grew its stake in shares of Visa by 18.6% in the fourth quarter. Blue Barn Wealth LLC now owns 2,270 shares of the credit-card processor’s stock worth $591,000 after purchasing an additional 356 shares during the last quarter. Institutional investors own 82.15% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the stock. Keefe, Bruyette & Woods raised their price target on shares of Visa from $305.00 to $315.00 and gave the stock an “outperform” rating in a report on Friday, January 26th. Redburn Atlantic reiterated a “neutral” rating and set a $307.00 price target on shares of Visa in a report on Wednesday, March 27th. William Blair reissued an “outperform” rating on shares of Visa in a research note on Wednesday, April 24th. Wells Fargo & Company raised their target price on Visa from $300.00 to $325.00 and gave the stock an “overweight” rating in a research note on Wednesday, March 6th. Finally, Barclays increased their price target on Visa from $304.00 to $319.00 and gave the stock an “overweight” rating in a report on Monday, January 29th. Five investment analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $303.00.

Insider Buying and Selling at Visa

In other Visa news, CEO Ryan Mcinerney sold 8,200 shares of the stock in a transaction dated 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 in the company, valued at $150,833.68. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other Visa 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 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 is available at this hyperlink. Also, Director Lloyd Carney sold 909 shares of the firm’s stock in a transaction on Friday, April 26th. The stock was sold at an average price of $275.55, for a total value of $250,474.95. Following the completion of 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. Corporate insiders own 0.19% of the company’s stock.

Visa Stock Up 0.3 %

NYSE:V traded up $0.73 on Wednesday, hitting $277.19. The stock had a trading volume of 8,996,277 shares, compared to its average volume of 5,922,313. Visa Inc. has a 1 year low of $216.14 and a 1 year high of $290.96. The firm’s fifty day simple moving average is $277.81 and its two-hundred day simple moving average is $266.37. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.40 and a current ratio of 1.40. The stock has a market cap of $506.96 billion, a P/E ratio of 30.97, a price-to-earnings-growth ratio of 1.84 and a beta of 0.95.

Visa (NYSE:V) last announced 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. The firm had revenue of $8.78 billion during the quarter, compared to the consensus estimate of $8.62 billion. Visa had a return on equity of 51.23% and a net margin of 53.87%. The business’s revenue for the quarter was up 9.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.09 EPS. Analysts predict that Visa Inc. will post 9.94 earnings per share for the current year.

Visa Dividend Announcement

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

Visa Company 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.