111 Capital Buys Shares of 1,419 Visa Inc. (NYSE:V)

111 Capital purchased a new position in shares of Visa Inc. (NYSE:V - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 1,419 shares of the credit-card processor's stock, valued at approximately $448,000.

Several other hedge funds also recently made changes to their positions in V. Bradley & Co. Private Wealth Management LLC bought a new position in shares of Visa during the 4th quarter worth approximately $27,000. POM Investment Strategies LLC grew its stake in shares of Visa by 48.5% in the fourth quarter. POM Investment Strategies LLC now owns 98 shares of the credit-card processor's stock valued at $31,000 after buying an additional 32 shares in the last quarter. Compass Planning Associates Inc bought a new position in shares of Visa in the fourth quarter valued at $32,000. NewSquare Capital LLC bought a new position in shares of Visa in the fourth quarter valued at $35,000. Finally, FPC Investment Advisory Inc. grew its stake in shares of Visa by 377.3% in the fourth quarter. FPC Investment Advisory Inc. now owns 105 shares of the credit-card processor's stock valued at $36,000 after buying an additional 83 shares in the last quarter. 82.15% of the stock is owned by institutional investors.

Insider Activity at Visa

In other Visa news, insider Paul D. Fabara sold 14,813 shares of Visa stock in a transaction dated Thursday, May 8th. The stock was sold at an average price of $355.04, for a total value of $5,259,207.52. Following the transaction, the insider now owns 26,413 shares in the company, valued at $9,377,671.52. The trade was a 35.93% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Ryan Mcinerney sold 8,620 shares of Visa stock in a transaction dated Tuesday, April 1st. The shares were sold at an average price of $350.44, for a total value of $3,020,792.80. Following the completion of the transaction, the chief executive officer now owns 537 shares in the company, valued at approximately $188,186.28. This represents a 94.14% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 113,328 shares of company stock valued at $38,419,222 over the last quarter. 0.13% of the stock is owned by corporate insiders.

Visa Price Performance

V stock traded up $0.80 during midday trading on Tuesday, reaching $366.12. The company had a trading volume of 5,221,297 shares, compared to its average volume of 7,005,169. The company has a market capitalization of $675.56 billion, a price-to-earnings ratio of 36.91, a price-to-earnings-growth ratio of 2.33 and a beta of 0.96. The stock has a 50 day moving average price of $344.15 and a 200-day moving average price of $334.49. Visa Inc. has a 1-year low of $252.70 and a 1-year high of $369.15. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.12 and a quick ratio of 1.12.

Visa (NYSE:V - Get Free Report) last posted its quarterly earnings results on Tuesday, April 29th. The credit-card processor reported $2.76 EPS for the quarter, beating analysts' consensus estimates of $2.68 by $0.08. The business had revenue of $9.59 billion during the quarter, compared to the consensus estimate of $9.57 billion. Visa had a return on equity of 54.79% and a net margin of 54.27%. Visa's revenue for the quarter was up 9.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.51 earnings per share. Equities research analysts expect that Visa Inc. will post 11.3 earnings per share for the current year.

Visa Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, June 2nd. Investors of record on Tuesday, May 13th were paid a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a yield of 0.64%. The ex-dividend date was Tuesday, May 13th. Visa's dividend payout ratio (DPR) is presently 23.72%.

Analysts Set New Price Targets

V has been the subject of several analyst reports. Truist Financial initiated coverage on shares of Visa in a research note on Monday. They issued a "buy" rating and a $400.00 target price for the company. UBS Group raised their target price on shares of Visa from $395.00 to $405.00 and gave the company a "buy" rating in a research note on Wednesday, May 28th. Oppenheimer reissued an "outperform" rating on shares of Visa in a research note on Thursday, February 13th. Barclays raised their target price on shares of Visa from $361.00 to $396.00 and gave the company an "overweight" rating in a research note on Monday, February 3rd. Finally, Piper Sandler raised their target price on shares of Visa from $383.00 to $384.00 and gave the company an "overweight" rating in a research note on Wednesday, April 30th. Six equities research analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, Visa presently has an average rating of "Moderate Buy" and an average price target of $367.48.

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.