Accel Wealth Management Makes New $209,000 Investment in Visa Inc. (NYSE:V)

Accel Wealth Management acquired a new stake in shares of Visa Inc. (NYSE:V) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 801 shares of the credit-card processor’s stock, valued at approximately $209,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. GoalVest Advisory LLC raised its stake in Visa by 3.4% during the 4th quarter. GoalVest Advisory LLC now owns 1,217 shares of the credit-card processor’s stock valued at $317,000 after acquiring an additional 40 shares in the last quarter. Sunflower Bank N.A. raised its stake in Visa by 1.3% during the 4th quarter. Sunflower Bank N.A. now owns 3,143 shares of the credit-card processor’s stock valued at $818,000 after acquiring an additional 41 shares in the last quarter. HWG Holdings LP raised its stake in Visa by 18.4% during the 2nd quarter. HWG Holdings LP now owns 270 shares of the credit-card processor’s stock valued at $64,000 after acquiring an additional 42 shares in the last quarter. Powers Advisory Group LLC raised its stake in Visa by 4.1% during the 3rd quarter. Powers Advisory Group LLC now owns 1,101 shares of the credit-card processor’s stock valued at $253,000 after acquiring an additional 43 shares in the last quarter. Finally, Marco Investment Management LLC raised its stake in shares of Visa by 3.9% in the 3rd quarter. Marco Investment Management LLC now owns 1,141 shares of the credit-card processor’s stock worth $262,000 after buying an additional 43 shares in the last quarter. Institutional investors own 82.15% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on V shares. Wells Fargo & Company boosted their price objective on Visa from $300.00 to $325.00 and gave the stock an “overweight” rating in a research note on Wednesday, March 6th. BMO Capital Markets assumed coverage on Visa in a research report on Tuesday, December 5th. They issued an “outperform” rating and a $280.00 price target for the company. Keefe, Bruyette & Woods boosted their price target on Visa from $305.00 to $315.00 and gave the stock an “outperform” rating in a research report on Friday, January 26th. Susquehanna raised their price objective on shares of Visa from $300.00 to $326.00 and gave the stock a “positive” rating in a research note on Friday, January 26th. Finally, Monness Crespi & Hardt began coverage on shares of Visa in a research note on Wednesday, December 20th. They issued a “neutral” rating on the stock. Five analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $295.82.

Insider Buying and Selling at Visa

In other news, CAO Peter M. Andreski sold 2,615 shares of the firm’s stock in a transaction dated Wednesday, February 7th. The stock was sold at an average price of $278.88, for a total transaction of $729,271.20. Following the completion of the transaction, the chief accounting officer now directly owns 4,898 shares in the company, valued at $1,365,954.24. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, insider Rajat Taneja sold 36,546 shares of the firm’s stock in a transaction that occurred on Friday, January 19th. The stock was sold at an average price of $270.20, for a total value of $9,874,729.20. Following the transaction, the insider now owns 232,112 shares in the company, valued at $62,716,662.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Peter M. Andreski sold 2,615 shares of the firm’s stock in a transaction that occurred on Wednesday, February 7th. The shares were sold at an average price of $278.88, for a total value of $729,271.20. Following the completion of the transaction, the chief accounting officer now owns 4,898 shares in the company, valued at approximately $1,365,954.24. The disclosure for this sale can be found here. Over the last three months, insiders sold 47,311 shares of company stock worth $12,832,129. 0.19% of the stock is currently owned by insiders.

Visa Price Performance

Shares of V traded down $0.24 during trading hours on Thursday, hitting $278.78. 5,844,191 shares of the company were exchanged, compared to its average volume of 5,650,746. The company has a market cap of $511.98 billion, a price-to-earnings ratio of 32.16, a P/E/G ratio of 1.94 and a beta of 0.96. Visa Inc. has a fifty-two week low of $216.14 and a fifty-two week high of $290.96. The company has a quick ratio of 1.45, a current ratio of 1.45 and a debt-to-equity ratio of 0.54. The firm’s fifty day moving average is $279.11 and its 200 day moving average is $258.66.

Visa (NYSE:V) last announced its quarterly earnings data on Thursday, January 25th. The credit-card processor reported $2.41 earnings per share for the quarter, topping the consensus estimate of $2.34 by $0.07. The business had revenue of $8.63 billion during the quarter, compared to the consensus estimate of $8.55 billion. Visa had a return on equity of 50.02% and a net margin of 53.92%. Visa’s revenue for the quarter was up 9.3% on a year-over-year basis. During the same period in the prior year, the company earned $2.18 EPS. On average, equities analysts anticipate that Visa Inc. will post 9.89 earnings per share for the current fiscal year.

Visa Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 1st. Shareholders of record on Friday, February 9th were given a $0.52 dividend. The ex-dividend date of this dividend was Thursday, February 8th. This represents a $2.08 annualized dividend and a yield of 0.75%. Visa’s dividend payout ratio is presently 23.94%.

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.