Everhart Financial Group Inc. Raises Stock Holdings in Visa Inc. (NYSE:V)

Everhart Financial Group Inc. grew its holdings in Visa Inc. (NYSE:V) by 9.1% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 10,069 shares of the credit-card processor’s stock after buying an additional 836 shares during the quarter. Everhart Financial Group Inc.’s holdings in Visa were worth $3,182,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the business. Peterson Financial Group Inc. acquired a new stake in shares of Visa in the third quarter valued at about $26,000. Decker Retirement Planning Inc. purchased a new position in Visa in the 4th quarter valued at about $26,000. Reston Wealth Management LLC acquired a new stake in Visa in the 3rd quarter worth about $31,000. POM Investment Strategies LLC increased its stake in Visa by 48.5% during the 4th quarter. POM Investment Strategies LLC now owns 98 shares of the credit-card processor’s stock worth $31,000 after buying an additional 32 shares in the last quarter. Finally, Modus Advisors LLC acquired a new position in shares of Visa during the fourth quarter valued at approximately $32,000. 82.15% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, CAO Peter M. Andreski sold 2,332 shares of Visa stock in a transaction dated Friday, February 7th. The stock was sold at an average price of $349.62, for a total value of $815,313.84. Following the completion of the transaction, the chief accounting officer now owns 4,488 shares in the company, valued at approximately $1,569,094.56. This trade represents a 34.19 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Paul D. Fabara sold 2,171 shares of the company’s 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 sale, the insider now owns 17,894 shares in the company, valued at $5,510,815.18. The trade was a 10.82 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 58,056 shares of company stock worth $19,830,050 over the last 90 days. Corporate insiders own 0.13% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently commented on V shares. BMO Capital Markets boosted their price target on Visa from $310.00 to $320.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 30th. William Blair reaffirmed an “outperform” rating on shares of Visa in a report on Friday, January 31st. Royal Bank of Canada raised their price target on shares of Visa from $311.00 to $322.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 30th. Citigroup upped their price objective on shares of Visa from $354.00 to $393.00 and gave the company a “buy” rating in a research note on Friday, January 31st. Finally, Macquarie increased their price objective on shares of Visa from $300.00 to $335.00 and gave the company an “outperform” rating in a report on Wednesday, October 30th. Four equities research analysts have rated the stock with a hold rating, twenty-five have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $354.73.

Visa Price Performance

V stock opened at $356.04 on Wednesday. The business’s fifty day moving average price is $326.05 and its 200 day moving average price is $300.04. Visa Inc. has a 12-month low of $252.70 and a 12-month high of $356.74. The company has a current ratio of 1.12, a quick ratio of 1.28 and a debt-to-equity ratio of 0.45. The company has a market capitalization of $661.45 billion, a PE ratio of 35.89, a P/E/G ratio of 2.32 and a beta of 0.97.

Visa (NYSE:V) last issued its quarterly earnings results on Thursday, January 30th. The credit-card processor reported $2.75 earnings per share (EPS) 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%. On average, sell-side analysts anticipate that Visa Inc. will post 11.27 EPS for the current year.

Visa Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 3rd. Shareholders of record on Tuesday, February 11th will be given a $0.59 dividend. The ex-dividend date is Tuesday, February 11th. This represents a $2.36 annualized dividend and a yield of 0.66%. Visa’s dividend payout ratio is presently 23.79%.

Visa Company 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.