AMS Capital Ltda Acquires 10,520 Shares of Visa Inc. (NYSE:V)

AMS Capital Ltda grew its position in Visa Inc. (NYSE:V - Free Report) by 36.1% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 39,696 shares of the credit-card processor's stock after purchasing an additional 10,520 shares during the quarter. Visa makes up approximately 5.7% of AMS Capital Ltda's portfolio, making the stock its 6th largest holding. AMS Capital Ltda's holdings in Visa were worth $13,912,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Bradley & Co. Private Wealth Management LLC acquired a new stake in shares of Visa in the 4th quarter valued at approximately $27,000. POM Investment Strategies LLC boosted its position in Visa by 48.5% during the fourth quarter. POM Investment Strategies LLC now owns 98 shares of the credit-card processor's stock worth $31,000 after purchasing an additional 32 shares during the period. Compass Planning Associates Inc acquired a new stake in shares of Visa during the fourth quarter worth $32,000. NewSquare Capital LLC acquired a new position in Visa in the fourth quarter valued at about $35,000. Finally, FPC Investment Advisory Inc. raised its stake 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. Institutional investors own 82.15% of the company's stock.

Insiders Place Their Bets

In other Visa news, CEO Ryan Mcinerney sold 8,620 shares of the stock in a transaction on Monday, June 2nd. The shares were sold at an average price of $362.77, for a total value of $3,127,077.40. Following the sale, the chief executive officer now directly owns 537 shares in the company, valued at approximately $194,807.49. This trade represents a 94.14% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Paul D. Fabara sold 39,350 shares of the firm's stock in a transaction on Wednesday, March 19th. The stock was sold at an average price of $340.41, for a total transaction of $13,395,133.50. Following the sale, the insider now owns 26,413 shares in the company, valued at approximately $8,991,249.33. The trade was a 59.84% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 121,948 shares of company stock valued at $41,546,299 in the last quarter. Insiders own 0.13% of the company's stock.

Visa Stock Down 0.4%

NYSE:V traded down $1.33 during mid-day trading on Thursday, reaching $366.67. The stock had a trading volume of 6,876,674 shares, compared to its average volume of 7,011,512. The company has a market capitalization of $676.56 billion, a price-to-earnings ratio of 36.96, a price-to-earnings-growth ratio of 2.33 and a beta of 0.96. Visa Inc. has a 1-year low of $252.70 and a 1-year high of $372.43. The stock's 50 day simple moving average is $344.66 and its two-hundred day simple moving average is $334.72. 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 released its quarterly earnings results on Tuesday, April 29th. The credit-card processor reported $2.76 earnings per share for the quarter, beating analysts' consensus estimates of $2.68 by $0.08. Visa had a return on equity of 54.79% and a net margin of 54.27%. The company had revenue of $9.59 billion for the quarter, compared to analysts' expectations of $9.57 billion. During the same quarter in the previous year, the company posted $2.51 earnings per share. The business's revenue for the quarter was up 9.3% compared to the same quarter last year. Equities analysts anticipate that Visa Inc. will post 11.3 EPS for the current year.

Visa Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 2nd. Shareholders of record on Tuesday, May 13th were given a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a yield of 0.64%. The ex-dividend date of this dividend was Tuesday, May 13th. Visa's dividend payout ratio is 23.72%.

Wall Street Analysts Forecast Growth

V has been the topic of several analyst reports. Evercore ISI initiated coverage on Visa in a report on Wednesday, April 9th. They issued an "in-line" rating and a $330.00 target price on the stock. Truist Financial assumed coverage on Visa in a report on Monday. They issued a "buy" rating and a $400.00 target price on the stock. Oppenheimer restated an "outperform" rating on shares of Visa in a report on Thursday, February 13th. Piper Sandler increased their price target on Visa from $383.00 to $384.00 and gave the stock an "overweight" rating in a report on Wednesday, April 30th. Finally, Jefferies Financial Group upped their target price on Visa from $400.00 to $410.00 and gave the stock a "buy" rating in a research report on Tuesday, May 27th. Five investment analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Visa presently has an average rating of "Moderate Buy" and a consensus price target of $372.80.

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.