Avantax Planning Partners Inc. Has $3.15 Million Holdings in Visa Inc. (NYSE:V)

Avantax Planning Partners Inc. lifted its position in shares of Visa Inc. (NYSE:V) by 7.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 12,112 shares of the credit-card processor’s stock after acquiring an additional 851 shares during the quarter. Avantax Planning Partners Inc.’s holdings in Visa were worth $3,153,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. BayBridge Capital Group LLC acquired a new stake in Visa in the fourth quarter valued at $1,057,000. SageView Advisory Group LLC increased its position in Visa by 40.4% during the 4th quarter. SageView Advisory Group LLC now owns 25,137 shares of the credit-card processor’s stock valued at $6,967,000 after purchasing an additional 7,236 shares during the period. FineMark National Bank & Trust raised its holdings in Visa by 20.8% during the 4th quarter. FineMark National Bank & Trust now owns 53,376 shares of the credit-card processor’s stock worth $13,896,000 after purchasing an additional 9,201 shares during the last quarter. Commerce Bank boosted its stake in shares of Visa by 0.4% in the 4th quarter. Commerce Bank now owns 690,643 shares of the credit-card processor’s stock valued at $179,809,000 after purchasing an additional 2,553 shares during the last quarter. Finally, Hohimer Wealth Management LLC increased its position in shares of Visa by 1.2% during the fourth quarter. Hohimer Wealth Management LLC now owns 19,336 shares of the credit-card processor’s stock worth $5,034,000 after buying an additional 227 shares during the period. Institutional investors own 82.15% of the company’s stock.

Insider Transactions at Visa

In other news, Director Lloyd Carney sold 909 shares of the business’s stock in a transaction dated Friday, April 26th. The shares were sold at an average price of $275.55, for a total value of $250,474.95. Following the sale, the director now directly owns 2,591 shares in the company, valued at approximately $713,950.05. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 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 transaction of $250,474.95. Following the sale, the director now owns 2,591 shares in the company, valued at approximately $713,950.05. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Paul D. Fabara sold 25,293 shares of Visa stock in a transaction on Wednesday, May 15th. The stock was sold at an average price of $277.15, for a total transaction of $7,009,954.95. Following the transaction, the insider now directly owns 17,894 shares of the company’s stock, valued at $4,959,322.10. The disclosure for this sale can be found here. Insiders have sold 34,402 shares of company stock valued at $9,559,382 in the last ninety days. Corporate insiders own 0.19% of the company’s stock.

Visa Price Performance

V traded down $1.35 during trading on Thursday, reaching $274.23. 6,115,441 shares of the company traded hands, compared to its average volume of 6,342,460. Visa Inc. has a 12-month low of $216.14 and a 12-month high of $290.96. The firm has a fifty day simple moving average of $277.12 and a 200 day simple moving average of $269.46. 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 company has a market cap of $501.55 billion, a P/E ratio of 30.57, a PEG ratio of 1.89 and a beta of 0.95.

Visa (NYSE:V) last announced its quarterly earnings results 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 company had revenue of $8.78 billion for the quarter, compared to the consensus estimate of $8.62 billion. Visa had a net margin of 53.87% and a return on equity of 51.23%. Visa’s revenue for the quarter was up 9.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.09 EPS. On average, equities analysts forecast that Visa Inc. will post 9.94 EPS for the current year.

Visa Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 3rd. Shareholders of record on Friday, May 17th will be issued a dividend of $0.52 per share. This represents a $2.08 annualized dividend and a yield of 0.76%. The ex-dividend date is Thursday, May 16th. Visa’s dividend payout ratio is presently 23.24%.

Analysts Set New Price Targets

A number of brokerages have weighed in on V. William Blair reiterated an “outperform” rating on shares of Visa in a report on Wednesday, April 24th. Evercore ISI raised their target price on Visa from $325.00 to $335.00 and gave the company an “outperform” rating in a research note on Tuesday, March 26th. Macquarie upped their price target on Visa from $290.00 to $300.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 24th. Citigroup upped their target price on Visa from $314.00 to $321.00 and gave the company a “buy” rating in a report on Wednesday, April 24th. Finally, Raymond James lifted their target price on Visa from $287.00 to $311.00 and gave the stock an “outperform” rating in a research note on Friday, January 26th. Five investment analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $303.76.

Visa 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.