Legal Advantage Investments Inc. Lowers Holdings in Visa Inc. (NYSE:V)

Legal Advantage Investments Inc. reduced its position in shares of Visa Inc. (NYSE:V) by 3.0% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 4,800 shares of the credit-card processor’s stock after selling 150 shares during the quarter. Legal Advantage Investments Inc.’s holdings in Visa were worth $1,517,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Solidarity Wealth LLC lifted its position in shares of Visa by 1.6% in the 4th quarter. Solidarity Wealth LLC now owns 48,302 shares of the credit-card processor’s stock worth $15,265,000 after purchasing an additional 776 shares during the period. ARS Investment Partners LLC raised its stake in Visa by 17.4% in the fourth quarter. ARS Investment Partners LLC now owns 2,696 shares of the credit-card processor’s stock worth $852,000 after buying an additional 400 shares in the last quarter. Crossmark Global Holdings Inc. lifted its holdings in Visa by 12.6% during the fourth quarter. Crossmark Global Holdings Inc. now owns 171,854 shares of the credit-card processor’s stock worth $54,313,000 after buying an additional 19,280 shares during the period. Royal Fund Management LLC boosted its position in Visa by 65.5% during the 4th quarter. Royal Fund Management LLC now owns 1,956 shares of the credit-card processor’s stock valued at $618,000 after acquiring an additional 774 shares in the last quarter. Finally, Reliant Investment Management LLC purchased a new position in shares of Visa in the 4th quarter valued at $217,000. 82.15% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the company. Macquarie upped their price objective on Visa from $300.00 to $335.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 30th. Oppenheimer raised their price target on shares of Visa from $321.00 to $375.00 and gave the company an “outperform” rating in a report on Thursday, December 19th. Seaport Res Ptn raised shares of Visa from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, January 14th. Robert W. Baird increased their target price on shares of Visa from $330.00 to $340.00 and gave the company an “outperform” rating in a research report on Wednesday, October 30th. Finally, BMO Capital Markets lifted their price target on shares of Visa from $310.00 to $320.00 and gave the stock an “outperform” rating in a report on Wednesday, October 30th. Four research analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, Visa has a consensus rating of “Moderate Buy” and an average target price of $332.81.

Insiders Place Their Bets

In other news, insider Paul D. Fabara sold 2,171 shares of the stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $307.97, for a total transaction of $668,602.87. Following the transaction, the insider now owns 17,894 shares in the company, valued at $5,510,815.18. This trade represents a 10.82 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Ryan Mcinerney sold 8,620 shares of Visa stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $317.78, for a total transaction of $2,739,263.60. The disclosure for this sale can be found here. 0.13% of the stock is currently owned by company insiders.

Visa Price Performance

Shares of NYSE V opened at $323.55 on Thursday. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.28 and a quick ratio of 1.28. The stock has a market capitalization of $602.73 billion, a price-to-earnings ratio of 33.25, a PEG ratio of 2.15 and a beta of 0.96. The firm’s 50 day simple moving average is $313.86 and its 200-day simple moving average is $289.47. Visa Inc. has a 12 month low of $252.70 and a 12 month high of $325.74.

Visa (NYSE:V) last released its quarterly earnings data on Tuesday, October 29th. The credit-card processor reported $2.71 earnings per share for the quarter, beating analysts’ consensus estimates of $2.58 by $0.13. Visa had a net margin of 54.96% and a return on equity of 53.16%. The company had revenue of $9.62 billion during the quarter, compared to analysts’ expectations of $9.49 billion. During the same quarter in the previous year, the company earned $2.33 earnings per share. The firm’s revenue for the quarter was up 11.7% on a year-over-year basis. Analysts expect that Visa Inc. will post 11.2 EPS for the current year.

Visa Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, December 2nd. Investors of record on Tuesday, November 12th were issued a $0.59 dividend. This is a boost from Visa’s previous quarterly dividend of $0.52. The ex-dividend date was Tuesday, November 12th. This represents a $2.36 dividend on an annualized basis and a yield of 0.73%. Visa’s dividend payout ratio is presently 24.25%.

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.