Clear Rock Advisors LLC Purchases 176 Shares of Visa Inc. (NYSE:V)

Clear Rock Advisors LLC increased its position in shares of Visa Inc. (NYSE:V) by 1.4% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 12,608 shares of the credit-card processor’s stock after buying an additional 176 shares during the period. Visa accounts for 1.5% of Clear Rock Advisors LLC’s holdings, making the stock its 18th biggest holding. Clear Rock Advisors LLC’s holdings in Visa were worth $3,519,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of V. Nadler Financial Group Inc. increased its stake in Visa by 2.4% in the fourth quarter. Nadler Financial Group Inc. now owns 1,900 shares of the credit-card processor’s stock valued at $495,000 after purchasing an additional 44 shares in the last quarter. Towerpoint Wealth LLC bought a new stake in Visa in the fourth quarter valued at $216,000. Andrew Hill Investment Advisors Inc. bought a new stake in Visa in the fourth quarter valued at $3,427,000. Knights of Columbus Asset Advisors LLC increased its stake in Visa by 1.1% in the fourth quarter. Knights of Columbus Asset Advisors LLC now owns 75,421 shares of the credit-card processor’s stock valued at $19,636,000 after purchasing an additional 795 shares in the last quarter. Finally, Cedrus LLC increased its stake in Visa by 10.1% in the fourth quarter. Cedrus LLC now owns 2,010 shares of the credit-card processor’s stock valued at $523,000 after purchasing an additional 184 shares in the last quarter. Institutional investors own 82.15% of the company’s stock.

Visa Stock Performance

V traded up $0.65 during midday trading on Friday, reaching $266.58. The company had a trading volume of 7,017,857 shares, compared to its average volume of 7,476,283. The business has a 50-day moving average price of $268.91 and a two-hundred day moving average price of $274.24. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.37 and a current ratio of 1.37. The stock has a market cap of $487.56 billion, a PE ratio of 29.79, a P/E/G ratio of 1.88 and a beta of 0.95. Visa Inc. has a 12-month low of $227.78 and a 12-month high of $290.96.

Visa (NYSE:V) last posted its earnings results on Tuesday, July 23rd. The credit-card processor reported $2.42 earnings per share for the quarter, hitting analysts’ consensus estimates of $2.42. The business had revenue of $8.90 billion for the quarter, compared to analyst estimates of $8.92 billion. Visa had a net margin of 54.72% and a return on equity of 51.94%. Visa’s revenue was up 9.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.16 EPS. On average, sell-side analysts expect that Visa Inc. will post 9.91 earnings per share for the current fiscal year.

Visa Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 3rd. Investors of record on Friday, August 9th will be issued a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a yield of 0.78%. The ex-dividend date of this dividend is Friday, August 9th. Visa’s dividend payout ratio (DPR) is presently 23.24%.

Insiders Place Their Bets

In other Visa news, insider Paul D. Fabara sold 25,293 shares of the business’s stock in a transaction that occurred on Wednesday, May 15th. The shares were sold at an average price of $277.15, for a total value of $7,009,954.95. Following the completion of the transaction, the insider now owns 17,894 shares of the company’s stock, valued at approximately $4,959,322.10. The transaction was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 0.19% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the stock. Macquarie reiterated an “outperform” rating and set a $300.00 price objective on shares of Visa in a report on Wednesday, July 24th. Mizuho lifted their price objective on shares of Visa from $265.00 to $275.00 and gave the company a “neutral” rating in a report on Thursday, May 2nd. TD Cowen reduced their price objective on shares of Visa from $320.00 to $318.00 and set a “buy” rating for the company in a report on Wednesday, July 24th. Bank of America reiterated a “neutral” rating and set a $297.00 price objective (down from $305.00) on shares of Visa in a report on Wednesday, July 10th. Finally, StockNews.com cut shares of Visa from a “buy” rating to a “hold” rating in a report on Tuesday. Seven investment analysts have rated the stock with a hold rating, twenty have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Visa presently has an average rating of “Moderate Buy” and an average price target of $307.25.

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.