Kesler Norman & Wride LLC Buys 1,431 Shares of Visa Inc. (NYSE:V)

Kesler Norman & Wride LLC raised its stake in Visa Inc. (NYSE:V) by 11.3% in the fourth quarter, Holdings Channel reports. The firm owned 14,099 shares of the credit-card processor’s stock after acquiring an additional 1,431 shares during the quarter. Kesler Norman & Wride LLC’s holdings in Visa were worth $4,456,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in V. RFG Bristol Wealth Advisors LLC bought a new position in shares of Visa in the fourth quarter valued at $3,560,000. Meeder Advisory Services Inc. lifted its stake in Visa by 6.3% in the fourth quarter. Meeder Advisory Services Inc. now owns 28,799 shares of the credit-card processor’s stock valued at $9,102,000 after acquiring an additional 1,712 shares during the last quarter. Potomac Fund Management Inc. ADV bought a new position in shares of Visa in the 4th quarter valued at about $328,000. Alliance Wealth Management Group acquired a new position in shares of Visa during the 4th quarter worth about $210,000. Finally, OV Management LLC raised its holdings in shares of Visa by 6.9% in the 4th quarter. OV Management LLC now owns 15,261 shares of the credit-card processor’s stock valued at $4,823,000 after purchasing an additional 986 shares during the period. Institutional investors and hedge funds own 82.15% of the company’s stock.

Visa Trading Down 1.0 %

V opened at $346.80 on Wednesday. The stock has a market capitalization of $644.28 billion, a price-to-earnings ratio of 34.96, a P/E/G ratio of 2.33 and a beta of 0.95. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.45. Visa Inc. has a twelve month low of $252.70 and a twelve month high of $366.54. The company has a 50-day simple moving average of $344.68 and a 200 day simple moving average of $316.37.

Visa (NYSE:V) last issued its quarterly earnings results on Thursday, January 30th. The credit-card processor reported $2.75 earnings per share for the quarter, topping analysts’ consensus estimates of $2.66 by $0.09. Visa had a net margin of 54.27% and a return on equity of 54.79%. Analysts predict that Visa Inc. will post 11.3 EPS for the current fiscal year.

Visa Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Tuesday, February 11th were issued a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a dividend yield of 0.68%. The ex-dividend date was Tuesday, February 11th. Visa’s dividend payout ratio is presently 23.79%.

Insider Activity

In related news, General Counsel Julie B. Rottenberg sold 2,572 shares of the stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $340.00, for a total value of $874,480.00. Following the completion of the transaction, the general counsel now owns 11,925 shares of the company’s stock, valued at $4,054,500. This represents a 17.74 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Ryan Mcinerney sold 8,620 shares of the business’s stock in a transaction on Thursday, January 2nd. The stock was 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. In the last quarter, insiders have sold 143,205 shares of company stock worth $48,560,961. Insiders own 0.13% of the company’s stock.

Wall Street Analyst Weigh In

V has been the topic of a number of recent analyst reports. William Blair reissued an “outperform” rating on shares of Visa in a research report on Friday, January 31st. The Goldman Sachs Group boosted their target price on Visa from $346.00 to $384.00 and gave the stock a “buy” rating in a report on Friday, January 31st. Barclays raised their price target on Visa from $361.00 to $396.00 and gave the company an “overweight” rating in a report on Monday, February 3rd. Bank of America upped their price objective on shares of Visa from $331.00 to $363.00 and gave the company a “neutral” rating in a report on Friday, January 31st. Finally, UBS Group lifted their target price on shares of Visa from $350.00 to $400.00 and gave the stock a “buy” rating in a report on Friday, January 31st. Five investment analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $355.84.

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.