Visa Inc. (NYSE:V) Shares Purchased by Stuart Chaussee & Associates Inc.

Stuart Chaussee & Associates Inc. increased its position in shares of Visa Inc. (NYSE:V) by 66.2% in the 4th quarter, Holdings Channel.com reports. The firm owned 236 shares of the credit-card processor’s stock after acquiring an additional 94 shares during the quarter. Stuart Chaussee & Associates Inc.’s holdings in Visa were worth $61,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the company. Trifecta Capital Advisors LLC lifted its stake in shares of Visa by 2.7% in the 3rd quarter. Trifecta Capital Advisors LLC now owns 20,176 shares of the credit-card processor’s stock valued at $4,641,000 after purchasing an additional 536 shares during the last quarter. New Hampshire Trust raised its holdings in Visa by 1.9% in the 3rd quarter. New Hampshire Trust now owns 13,944 shares of the credit-card processor’s stock valued at $3,207,000 after buying an additional 266 shares during the period. CreativeOne Wealth LLC lifted its position in Visa by 2.7% in the third quarter. CreativeOne Wealth LLC now owns 20,518 shares of the credit-card processor’s stock valued at $4,720,000 after buying an additional 542 shares during the last quarter. B.O.S.S. Retirement Advisors LLC boosted its stake in Visa by 10.8% during the third quarter. B.O.S.S. Retirement Advisors LLC now owns 11,960 shares of the credit-card processor’s stock worth $2,751,000 after buying an additional 1,166 shares during the period. Finally, Nikulski Financial Inc. boosted its stake in Visa by 4.0% during the third quarter. Nikulski Financial Inc. now owns 12,928 shares of the credit-card processor’s stock worth $2,974,000 after buying an additional 499 shares during the period. 82.15% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Visa

In other news, CEO Ryan Mcinerney sold 8,150 shares of the firm’s stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $273.39, for a total transaction of $2,228,128.50. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In related news, CEO Ryan Mcinerney sold 8,150 shares of the business’s stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $273.39, for a total value of $2,228,128.50. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CAO Peter M. Andreski sold 2,615 shares of the stock in a transaction that occurred on Wednesday, February 7th. The stock was sold at an average price of $278.88, for a total value of $729,271.20. Following the sale, the chief accounting officer now directly owns 4,898 shares of the company’s stock, valued at $1,365,954.24. The disclosure for this sale can be found here. Insiders sold a total of 19,874 shares of company stock valued at $5,506,827 in the last three months. 0.19% of the stock is currently owned by company insiders.

Visa Stock Down 0.2 %

V traded down $0.64 on Friday, reaching $274.52. The company’s stock had a trading volume of 6,840,615 shares, compared to its average volume of 6,528,673. The company has a market capitalization of $504.16 billion, a price-to-earnings ratio of 30.67, a P/E/G ratio of 1.89 and a beta of 0.96. Visa Inc. has a fifty-two week low of $216.14 and a fifty-two week high of $290.96. The company has a quick ratio of 1.45, a current ratio of 1.40 and a debt-to-equity ratio of 0.53. The stock has a 50 day moving average of $279.24 and a two-hundred day moving average of $264.33.

Visa (NYSE:V) last issued its earnings results on Tuesday, April 23rd. The credit-card processor reported $2.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.43 by $0.08. The business had revenue of $8.78 billion during the quarter, compared to analysts’ expectations of $8.62 billion. Visa had a net margin of 53.87% and a return on equity of 51.23%. The company’s revenue for the quarter was up 9.9% on a year-over-year basis. During the same quarter in the prior year, the business posted $2.09 EPS. As a group, analysts forecast that Visa Inc. will post 9.89 EPS for the current fiscal year.

Visa Announces Dividend

The company 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 $0.52 dividend. The ex-dividend date is Thursday, May 16th. This represents a $2.08 dividend on an annualized basis and a dividend yield of 0.76%. Visa’s dividend payout ratio (DPR) is presently 23.24%.

Analyst Ratings Changes

A number of research firms have recently issued reports on V. Susquehanna boosted their price target on shares of Visa from $300.00 to $326.00 and gave the company a “positive” rating in a research note on Friday, January 26th. KeyCorp boosted their target price on Visa from $275.00 to $300.00 and gave the company an “overweight” rating in a research report on Monday, January 8th. Macquarie raised their price target on Visa from $290.00 to $300.00 and gave the stock an “outperform” rating in a research report on Wednesday. Evercore ISI boosted their price objective on Visa from $325.00 to $335.00 and gave the company an “outperform” rating in a report on Tuesday, March 26th. Finally, Oppenheimer raised their target price on Visa from $297.00 to $299.00 and gave the company an “outperform” rating in a report on Wednesday. Five equities research analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company. Based on data from MarketBeat.com, Visa has an average rating of “Moderate Buy” and an average price target of $302.58.

About Visa

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.