Lynch Asset Management Inc. Has $4.20 Million Holdings in Visa Inc. (NYSE:V)

Lynch Asset Management Inc. lifted its position in shares of Visa Inc. (NYSE:V) by 0.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 13,300 shares of the credit-card processor’s stock after buying an additional 100 shares during the quarter. Visa comprises about 1.7% of Lynch Asset Management Inc.’s holdings, making the stock its 18th largest position. Lynch Asset Management Inc.’s holdings in Visa were worth $4,203,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the company. Decker Retirement Planning Inc. bought a new stake in Visa in the fourth quarter valued at $26,000. Peterson Financial Group Inc. bought a new stake in shares of Visa during the third quarter worth about $26,000. Modus Advisors LLC bought a new stake in shares of Visa during the fourth quarter worth about $32,000. Reston Wealth Management LLC bought a new stake in shares of Visa during the third quarter worth about $31,000. Finally, Sugar Maple Asset Management LLC bought a new stake in shares of Visa during the fourth quarter worth about $44,000. 82.15% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, insider Paul D. Fabara sold 2,171 shares of the stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $307.97, for a total value of $668,602.87. Following the transaction, the insider now owns 17,894 shares of the company’s stock, valued at $5,510,815.18. This represents a 10.82 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Ryan Mcinerney sold 8,620 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 $2,930,800.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 21,983 shares of company stock valued at $7,213,146. Company insiders own 0.13% of the company’s stock.

Analyst Ratings Changes

V has been the subject of several recent research reports. TD Cowen boosted their target price on shares of Visa from $318.00 to $325.00 and gave the stock a “buy” rating in a research report on Wednesday, October 30th. Seaport Res Ptn raised shares of Visa from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, January 14th. JPMorgan Chase & Co. boosted their price target on shares of Visa from $340.00 to $375.00 and gave the stock an “overweight” rating in a report on Friday, January 31st. Oppenheimer boosted their price target on shares of Visa from $375.00 to $390.00 and gave the stock an “outperform” rating in a report on Friday, January 31st. Finally, Keefe, Bruyette & Woods boosted their price target on shares of Visa from $360.00 to $400.00 and gave the stock an “outperform” rating in a report on Friday, January 31st. Four analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Visa presently has a consensus rating of “Moderate Buy” and an average target price of $354.73.

Visa Stock Performance

NYSE V opened at $345.31 on Wednesday. The company’s 50 day moving average is $318.40 and its 200-day moving average is $293.81. The company has a quick ratio of 1.28, a current ratio of 1.12 and a debt-to-equity ratio of 0.45. The firm has a market cap of $643.27 billion, a P/E ratio of 34.81, a price-to-earnings-growth ratio of 2.30 and a beta of 0.97. Visa Inc. has a 12-month low of $252.70 and a 12-month high of $351.25.

Visa (NYSE:V) last posted its 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%. Sell-side analysts predict that Visa Inc. will post 11.2 earnings per share for the current year.

Visa Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 3rd. Investors of record on Tuesday, February 11th will be issued a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a yield of 0.68%. The ex-dividend date of this dividend is Tuesday, February 11th. Visa’s dividend payout ratio (DPR) is presently 23.79%.

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.