Lifeworks Advisors LLC Increases Position in Visa Inc. (NYSE:V)

Lifeworks Advisors LLC lifted its position in Visa Inc. (NYSE:V) by 7.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 2,306 shares of the credit-card processor’s stock after buying an additional 168 shares during the period. Lifeworks Advisors LLC’s holdings in Visa were worth $729,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in V. Raymond James Financial Inc. bought a new position in shares of Visa in the fourth quarter worth approximately $1,955,403,000. Proficio Capital Partners LLC lifted its position in Visa by 17,018.7% during the fourth quarter. Proficio Capital Partners LLC now owns 3,949,118 shares of the credit-card processor’s stock valued at $1,248,079,000 after purchasing an additional 3,926,049 shares during the period. State Street Corp lifted its position in Visa by 4.5% during the third quarter. State Street Corp now owns 76,610,942 shares of the credit-card processor’s stock valued at $21,064,179,000 after purchasing an additional 3,327,977 shares during the period. FMR LLC lifted its position in Visa by 6.1% during the third quarter. FMR LLC now owns 57,111,843 shares of the credit-card processor’s stock valued at $15,702,901,000 after purchasing an additional 3,265,518 shares during the period. Finally, Geode Capital Management LLC lifted its position in Visa by 7.7% during the third quarter. Geode Capital Management LLC now owns 38,655,250 shares of the credit-card processor’s stock valued at $10,601,135,000 after purchasing an additional 2,772,549 shares during the period. Institutional investors own 82.15% of the company’s stock.

Insider Activity at Visa

In other Visa news, CAO Peter M. Andreski sold 2,332 shares of the stock in a transaction on Friday, February 7th. The shares were sold at an average price of $349.62, for a total transaction of $815,313.84. Following the completion of the transaction, the chief accounting officer now owns 4,488 shares in the company, valued at $1,569,094.56. This trade represents a 34.19 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Ryan Mcinerney sold 8,620 shares of the stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $363.00, for a total transaction of $3,129,060.00. Following the transaction, the chief executive officer now owns 537 shares of the company’s stock, valued at $194,931. This trade represents a 94.14 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 64,505 shares of company stock valued at $22,290,507. Corporate insiders own 0.13% of the company’s stock.

Visa Stock Performance

V opened at $345.79 on Friday. The stock has a market capitalization of $642.41 billion, a price-to-earnings ratio of 34.86, a PEG ratio of 2.33 and a beta of 0.95. The company has a fifty day moving average of $336.18 and a 200 day moving average of $308.63. Visa Inc. has a fifty-two week low of $252.70 and a fifty-two week high of $366.54. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.12 and a current ratio of 1.12.

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, beating the consensus estimate 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, sell-side analysts forecast that Visa Inc. will post 11.3 earnings per share for the current fiscal year.

Visa Announces Dividend

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

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on V shares. Seaport Res Ptn upgraded shares of Visa from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, January 14th. Keefe, Bruyette & Woods restated a “hold” rating on shares of Visa in a research report on Thursday, February 13th. Oppenheimer restated an “outperform” rating on shares of Visa in a research report on Thursday, February 13th. Citigroup restated a “neutral” rating on shares of Visa in a research report on Thursday, February 13th. Finally, Piper Sandler restated an “overweight” rating and set a $383.00 price objective (up previously from $368.00) on shares of Visa in a research report on Friday, January 31st. Six analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $353.96.

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.