Baystate Wealth Management LLC Purchases 82 Shares of Visa Inc. (NYSE:V)

Baystate Wealth Management LLC increased its position in shares of Visa Inc. (NYSE:V) by 4.2% during the 4th quarter, Holdings Channel reports. The fund owned 2,012 shares of the credit-card processor’s stock after buying an additional 82 shares during the quarter. Baystate Wealth Management LLC’s holdings in Visa were worth $524,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of V. GoalVest Advisory LLC increased its holdings in Visa by 3.4% during the fourth quarter. GoalVest Advisory LLC now owns 1,217 shares of the credit-card processor’s stock worth $317,000 after buying an additional 40 shares during the last quarter. Destiny Wealth Partners LLC increased its holdings in Visa by 2.5% during the fourth quarter. Destiny Wealth Partners LLC now owns 1,668 shares of the credit-card processor’s stock worth $433,000 after buying an additional 40 shares during the last quarter. Sunflower Bank N.A. increased its holdings in Visa by 1.3% during the fourth quarter. Sunflower Bank N.A. now owns 3,143 shares of the credit-card processor’s stock worth $818,000 after buying an additional 41 shares during the last quarter. HWG Holdings LP increased its holdings in Visa by 18.4% during the second quarter. HWG Holdings LP now owns 270 shares of the credit-card processor’s stock worth $64,000 after buying an additional 42 shares during the last quarter. Finally, Parker Financial LLC increased its holdings in Visa by 4.8% during the fourth quarter. Parker Financial LLC now owns 925 shares of the credit-card processor’s stock worth $241,000 after buying an additional 42 shares during the last quarter. Institutional investors own 82.15% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on V shares. Monness Crespi & Hardt started coverage on shares of Visa in a report on Wednesday, December 20th. They set a “neutral” rating on the stock. Keefe, Bruyette & Woods boosted their target price 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 restated a “neutral” rating and set a $307.00 target price on shares of Visa in a report on Wednesday, March 27th. Mizuho reiterated a “neutral” rating and issued a $265.00 price objective on shares of Visa in a report on Wednesday, March 27th. Finally, UBS Group upped their price objective on shares of Visa from $305.00 to $315.00 and gave the company a “buy” rating in a report on Friday, January 26th. Five research analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Visa currently has a consensus rating of “Moderate Buy” and a consensus price target of $296.87.

Visa Trading Up 0.1 %

Shares of Visa stock opened at $275.96 on Monday. Visa Inc. has a 52-week low of $216.14 and a 52-week high of $290.96. The firm has a 50-day moving average of $280.13 and a 200-day moving average of $261.92. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.45 and a current ratio of 1.45. The stock has a market cap of $506.80 billion, a PE ratio of 31.76, a PEG ratio of 1.91 and a beta of 0.96.

Visa (NYSE:V) last posted its quarterly earnings data on Thursday, January 25th. The credit-card processor reported $2.41 earnings per share for the quarter, topping the consensus estimate of $2.34 by $0.07. Visa had a net margin of 53.92% and a return on equity of 50.02%. The business had revenue of $8.63 billion during the quarter, compared to analysts’ expectations of $8.55 billion. During the same quarter in the prior year, the business posted $2.18 earnings per share. Visa’s revenue was up 9.3% compared to the same quarter last year. As a group, sell-side analysts forecast that Visa Inc. will post 9.89 EPS for the current year.

Visa Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 1st. Stockholders of record on Friday, February 9th were paid a $0.52 dividend. This represents a $2.08 annualized dividend and a dividend yield of 0.75%. The ex-dividend date of this dividend was Thursday, February 8th. Visa’s dividend payout ratio is currently 23.94%.

Insider Activity

In other news, insider Rajat Taneja sold 36,546 shares of the company’s stock in a transaction that occurred on Friday, January 19th. The stock was sold at an average price of $270.20, for a total value of $9,874,729.20. Following the completion of the transaction, the insider now owns 232,112 shares of the company’s stock, valued at $62,716,662.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other Visa news, CAO Peter M. Andreski sold 2,615 shares of the stock in a transaction that occurred on Wednesday, February 7th. The shares were sold at an average price of $278.88, for a total transaction of $729,271.20. Following the completion of the sale, the chief accounting officer now owns 4,898 shares of the company’s stock, valued at approximately $1,365,954.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Rajat Taneja sold 36,546 shares of the stock in a transaction that occurred on Friday, January 19th. The shares were sold at an average price of $270.20, for a total transaction of $9,874,729.20. Following the sale, the insider now directly owns 232,112 shares of the company’s stock, valued at approximately $62,716,662.40. The disclosure for this sale can be found here. Insiders sold 55,511 shares of company stock valued at $15,131,081 over the last quarter. 0.19% of the stock is owned by company insiders.

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.