735 Shares in Visa Inc. $V Bought by Elser Financial Planning Inc

Key Points

• Elser Financial Planning Inc acquired 735 shares of Visa Inc. valued at approximately $255,000, marking their first investment in the company.
• Institutional investors and hedge funds own 82.15% of Visa's stock, indicating strong institutional interest in the company.
• Visa reported a quarterly earnings per share of $2.98, surpassing analyst expectations, and has announced a dividend of $0.59 per share with a yield of 0.7%.

Elser Financial Planning Inc purchased a new stake in Visa Inc. (NYSE:V - Free Report) in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 735 shares of the credit-card processor's stock, valued at approximately $255,000.

Several other institutional investors have also recently made changes to their positions in V. Brighton Jones LLC raised its holdings in shares of Visa by 50.1% during the fourth quarter. Brighton Jones LLC now owns 20,635 shares of the credit-card processor's stock valued at $6,522,000 after purchasing an additional 6,883 shares during the period. Revolve Wealth Partners LLC raised its holdings in shares of Visa by 68.9% during the fourth quarter. Revolve Wealth Partners LLC now owns 11,811 shares of the credit-card processor's stock valued at $3,733,000 after purchasing an additional 4,817 shares during the period. Apella Capital LLC raised its holdings in shares of Visa by 67.7% during the first quarter. Apella Capital LLC now owns 2,989 shares of the credit-card processor's stock valued at $994,000 after purchasing an additional 1,207 shares during the period. Amplius Wealth Advisors LLC raised its holdings in shares of Visa by 4.4% during the first quarter. Amplius Wealth Advisors LLC now owns 2,307 shares of the credit-card processor's stock valued at $809,000 after purchasing an additional 98 shares during the period. Finally, Greenfield Savings Bank raised its holdings in shares of Visa by 2.3% during the first quarter. Greenfield Savings Bank now owns 5,468 shares of the credit-card processor's stock valued at $1,916,000 after purchasing an additional 124 shares during the period. Institutional investors and hedge funds own 82.15% of the company's stock.

Insider Transactions at Visa

In other Visa news, General Counsel Julie B. Rottenberg sold 2,027 shares of the company's stock in a transaction dated Monday, August 18th. The shares were sold at an average price of $344.02, for a total value of $697,328.54. Following the completion of the sale, the general counsel directly owned 11,925 shares of the company's stock, valued at approximately $4,102,438.50. This represents a 14.53% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 0.13% of the company's stock.

Visa Trading Up 2.0%

Shares of V stock opened at $348.21 on Thursday. Visa Inc. has a 52-week low of $273.24 and a 52-week high of $375.51. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.12 and a current ratio of 1.12. The company has a 50-day simple moving average of $344.09 and a two-hundred day simple moving average of $346.52. The company has a market capitalization of $638.20 billion, a price-to-earnings ratio of 34.01, a PEG ratio of 2.27 and a beta of 0.90.

Visa (NYSE:V - Get Free Report) last issued its quarterly earnings data on Tuesday, July 29th. The credit-card processor reported $2.98 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.85 by $0.13. Visa had a net margin of 52.16% and a return on equity of 58.93%. The business had revenue of $10.17 billion during the quarter, compared to the consensus estimate of $9.82 billion. During the same period in the prior year, the firm posted $2.42 EPS. The firm's quarterly revenue was up 14.3% compared to the same quarter last year. Research analysts anticipate that Visa Inc. will post 11.3 EPS for the current fiscal year.

Visa Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 2nd. Shareholders of record on Tuesday, August 12th were given a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date of this dividend was Tuesday, August 12th. Visa's dividend payout ratio is presently 23.05%.

Analyst Ratings Changes

Several equities analysts have recently weighed in on V shares. Truist Financial dropped their price objective on shares of Visa from $400.00 to $397.00 and set a "buy" rating on the stock in a report on Thursday, July 17th. UBS Group reissued a "buy" rating and set a $415.00 target price (up from $405.00) on shares of Visa in a research report on Wednesday, July 30th. Barclays restated an "overweight" rating and issued a $408.00 target price (up previously from $396.00) on shares of Visa in a report on Thursday, July 31st. Raymond James Financial restated an "outperform" rating on shares of Visa in a report on Wednesday, July 30th. Finally, Macquarie upped their target price on shares of Visa from $380.00 to $425.00 and gave the stock an "outperform" rating in a report on Thursday, July 31st. One equities research analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $385.96.

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.

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