Buckhead Capital Management LLC Increases Stake in Visa Inc. (NYSE:V)

Buckhead Capital Management LLC boosted its position in shares of Visa Inc. (NYSE:V) by 0.8% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 13,827 shares of the credit-card processor’s stock after purchasing an additional 108 shares during the quarter. Buckhead Capital Management LLC’s holdings in Visa were worth $3,600,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. Altshuler Shaham Ltd purchased a new stake in shares of Visa during the 3rd quarter valued at about $25,000. O Brien Wealth Partners LLC purchased a new stake in shares of Visa during the 4th quarter valued at about $32,000. Valued Wealth Advisors LLC purchased a new stake in shares of Visa during the 4th quarter valued at about $37,000. Stuart Chaussee & Associates Inc. boosted its holdings in shares of Visa by 66.2% during the 4th quarter. Stuart Chaussee & Associates Inc. now owns 236 shares of the credit-card processor’s stock valued at $61,000 after acquiring an additional 94 shares during the last quarter. Finally, Life Planning Partners Inc bought a new position in shares of Visa in the 4th quarter worth approximately $71,000. 82.15% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on V. Royal Bank of Canada increased their price objective on shares of Visa from $309.00 to $315.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 24th. Robert W. Baird raised their target price on shares of Visa from $314.00 to $320.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 17th. Keefe, Bruyette & Woods raised their target price on shares of Visa from $305.00 to $315.00 and gave the stock an “outperform” rating in a research note on Friday, January 26th. KeyCorp raised their target price on shares of Visa from $275.00 to $300.00 and gave the stock an “overweight” rating in a research note on Monday, January 8th. Finally, William Blair restated an “outperform” rating on shares of Visa in a research note on Wednesday, April 24th. Five research analysts have rated the stock with a hold rating and twenty have issued a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $302.58.

Visa Stock Performance

Visa stock traded down $1.29 during mid-day trading on Wednesday, hitting $267.32. The company had a trading volume of 6,041,263 shares, compared to its average volume of 5,937,129. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 0.53. Visa Inc. has a 12-month low of $216.14 and a 12-month high of $290.96. The company’s fifty day moving average is $278.98 and its 200-day moving average is $265.19. The company has a market capitalization of $490.94 billion, a price-to-earnings ratio of 29.86, a P/E/G ratio of 1.87 and a beta of 0.96.

Visa (NYSE:V) last announced its earnings results on Tuesday, April 23rd. The credit-card processor reported $2.51 earnings per share for the quarter, topping the consensus estimate of $2.43 by $0.08. The business 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 quarterly revenue was up 9.9% on a year-over-year basis. During the same period in the prior year, the company posted $2.09 EPS. Equities research analysts predict that Visa Inc. will post 9.9 EPS for the current year.

Visa Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 3rd. Stockholders of record on Friday, May 17th will be paid a dividend of $0.52 per share. This represents a $2.08 annualized dividend and a dividend yield of 0.78%. The ex-dividend date is Thursday, May 16th. Visa’s payout ratio is 23.24%.

Insider Activity at Visa

In related news, Director Lloyd Carney sold 909 shares of the 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 approximately $713,950.05. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, Director Lloyd Carney sold 909 shares of the 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 approximately $713,950.05. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Ryan Mcinerney sold 8,150 shares of the stock in a transaction on Thursday, February 1st. The shares were sold at an average price of $273.39, for a total value of $2,228,128.50. The disclosure for this sale can be found here. In the last ninety days, insiders sold 19,874 shares of company stock valued at $5,506,827. 0.19% of the stock is owned by insiders.

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.