Visa Inc. (NYSE:V) Stock Holdings Boosted by Hodges Capital Management Inc.

Hodges Capital Management Inc. boosted its position in Visa Inc. (NYSE:V) by 1.8% during the 4th quarter, HoldingsChannel reports. The firm owned 5,512 shares of the credit-card processor’s stock after buying an additional 99 shares during the quarter. Hodges Capital Management Inc.’s holdings in Visa were worth $1,742,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of V. Financial Life Planners acquired a new stake in shares of Visa in the fourth quarter valued at approximately $94,000. One Wealth Advisors LLC grew its holdings in Visa by 2.9% in the 4th quarter. One Wealth Advisors LLC now owns 8,056 shares of the credit-card processor’s stock worth $2,546,000 after buying an additional 228 shares in the last quarter. Leisure Capital Management increased its position in Visa by 0.6% in the 4th quarter. Leisure Capital Management now owns 5,640 shares of the credit-card processor’s stock valued at $1,782,000 after acquiring an additional 34 shares during the period. Prudent Investors Network Inc. raised its stake in Visa by 11.1% during the 4th quarter. Prudent Investors Network Inc. now owns 1,433 shares of the credit-card processor’s stock valued at $453,000 after acquiring an additional 143 shares in the last quarter. Finally, Lazari Capital Management Inc. boosted its position in Visa by 7.4% during the 4th quarter. Lazari Capital Management Inc. now owns 5,934 shares of the credit-card processor’s stock worth $1,875,000 after acquiring an additional 409 shares during the period. 82.15% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on V. Keefe, Bruyette & Woods lifted their price objective on shares of Visa from $360.00 to $400.00 and gave the company an “outperform” rating in a research note on Friday, January 31st. Wells Fargo & Company upped their price target on shares of Visa from $360.00 to $395.00 and gave the stock an “overweight” rating in a research note on Friday, January 31st. Macquarie raised their price objective on shares of Visa from $300.00 to $335.00 and gave the company an “outperform” rating in a research note on Wednesday, October 30th. Raymond James restated an “outperform” rating and issued a $393.00 target price (up from $374.00) on shares of Visa in a research report on Friday, January 31st. Finally, Bank of America lifted their price target on Visa from $331.00 to $363.00 and gave the company a “neutral” rating in a research report on Friday, January 31st. Four equities research analysts have rated the stock with a hold rating, twenty-five have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $354.73.

Insider Activity at Visa

In other Visa news, CEO Ryan Mcinerney sold 8,620 shares of Visa stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $317.78, for a total value of $2,739,263.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, General Counsel Julie B. Rottenberg sold 2,572 shares of the stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $340.00, for a total transaction of $874,480.00. Following the transaction, the general counsel now owns 11,925 shares in the company, valued at approximately $4,054,500. This trade represents a 17.74 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 21,983 shares of company stock valued at $7,213,146. Insiders own 0.13% of the company’s stock.

Visa Trading Up 1.2 %

Shares of NYSE V opened at $349.27 on Thursday. The company has a current ratio of 1.12, a quick ratio of 1.28 and a debt-to-equity ratio of 0.45. Visa Inc. has a one year low of $252.70 and a one year high of $351.25. The business has a 50-day moving average price of $319.07 and a two-hundred day moving average price of $294.37. The firm has a market capitalization of $650.64 billion, a PE ratio of 35.21, a PEG ratio of 2.30 and a beta of 0.97.

Visa (NYSE:V) last announced its quarterly earnings data on Thursday, January 30th. The credit-card processor reported $2.75 EPS for the quarter, beating 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%. As a group, analysts predict that Visa Inc. will post 11.2 earnings per share for the current fiscal year.

Visa Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 3rd. Stockholders of record on Tuesday, February 11th will be paid 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 is Tuesday, February 11th. Visa’s dividend payout ratio (DPR) is presently 23.79%.

About Visa

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.