4,251 Shares in Visa Inc. (NYSE:V) Acquired by Professional Financial Advisors LLC

Professional Financial Advisors LLC purchased a new stake in Visa Inc. (NYSE:V - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 4,251 shares of the credit-card processor's stock, valued at approximately $1,490,000.

Several other institutional investors and 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. NewSquare Capital LLC acquired a new position in Visa during the fourth quarter worth $35,000. FPC Investment Advisory Inc. grew its position in 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 purchasing an additional 83 shares in the last quarter. Sellwood Investment Partners LLC bought a new position in Visa in the fourth quarter valued at $41,000. Finally, Mountain Hill Investment Partners Corp. acquired a new stake in Visa in the 4th quarter valued at $47,000. Institutional investors and hedge funds own 82.15% of the company's stock.

Visa Price Performance

Shares of NYSE V opened at $351.65 on Wednesday. The firm has a market cap of $648.84 billion, a P/E ratio of 35.34, a price-to-earnings-growth ratio of 2.31 and a beta of 0.94. The business's 50 day moving average is $352.27 and its 200-day moving average is $339.26. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 0.45. Visa Inc. has a 1-year low of $252.70 and a 1-year high of $375.51.

Visa (NYSE:V - Get Free Report) last announced its earnings results on Tuesday, April 29th. The credit-card processor reported $2.76 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.68 by $0.08. Visa had a net margin of 52.86% and a return on equity of 56.28%. The firm had revenue of $9.59 billion for the quarter, compared to analyst estimates of $9.57 billion. During the same quarter in the prior year, the business posted $2.51 EPS. The business's revenue was up 9.3% compared to the same quarter last year. Equities research analysts predict that Visa Inc. will post 11.3 earnings per share for the current year.

Visa Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 2nd. Shareholders of record on Tuesday, May 13th were paid a dividend of $0.59 per share. The ex-dividend date of this dividend was Tuesday, May 13th. This represents a $2.36 dividend on an annualized basis and a yield of 0.67%. Visa's payout ratio is 23.72%.

Insider Buying and Selling at Visa

In related news, insider Paul D. Fabara sold 11,636 shares of the stock in a transaction that occurred on Wednesday, June 11th. The shares were sold at an average price of $375.00, for a total transaction of $4,363,500.00. Following the sale, the insider now owns 26,413 shares in the company, valued at approximately $9,904,875. This trade represents a 30.58% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Ryan Mcinerney sold 8,620 shares of Visa stock in a transaction that occurred on Thursday, May 1st. The shares were sold at an average price of $345.58, for a total transaction of $2,978,899.60. Following the completion of the transaction, the chief executive officer now directly owns 537 shares in the company, valued at $185,576.46. This trade represents a 94.14% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 101,098 shares of company stock valued at $36,738,526 in the last ninety days. 0.13% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the company. Mizuho upgraded Visa from a "neutral" rating to an "outperform" rating and raised their price objective for the company from $359.00 to $425.00 in a report on Thursday, June 5th. UBS Group raised their price target on Visa from $395.00 to $405.00 and gave the company a "buy" rating in a research note on Wednesday, May 28th. Wall Street Zen raised Visa from a "hold" rating to a "buy" rating in a research report on Monday, May 12th. William Blair reissued an "outperform" rating on shares of Visa in a report on Wednesday, April 30th. Finally, Barclays restated an "overweight" rating on shares of Visa in a report on Friday, June 13th. Five investment analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $372.80.

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.

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