Visa Inc. (NYSE:V) Shares Purchased by Avantax Planning Partners Inc.

Avantax Planning Partners Inc. raised its position in Visa Inc. (NYSE:V - Free Report) by 8.9% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 9,576 shares of the credit-card processor's stock after purchasing an additional 781 shares during the quarter. Avantax Planning Partners Inc.'s holdings in Visa were worth $3,356,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the company. Sellwood Investment Partners LLC acquired a new position in shares of Visa in the 4th quarter worth approximately $41,000. Mountain Hill Investment Partners Corp. acquired a new stake in Visa in the 4th quarter valued at approximately $47,000. Measured Risk Portfolios Inc. purchased a new stake in Visa in the fourth quarter valued at approximately $47,000. O Brien Wealth Partners LLC acquired a new position in Visa during the first quarter worth $54,000. Finally, Global X Japan Co. Ltd. acquired a new position in Visa during the first quarter worth $56,000. Hedge funds and other institutional investors own 82.15% of the company's stock.

Insider Buying and Selling at Visa

In other Visa news, insider Paul D. Fabara sold 11,636 shares of the firm's stock in a transaction dated 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 transaction, the insider owned 26,413 shares of the company's stock, valued at approximately $9,904,875. This trade represents a 30.58% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, General Counsel Julie B. Rottenberg sold 2,575 shares of the company's stock in a transaction that occurred on Thursday, May 1st. The stock was sold at an average price of $345.58, for a total transaction of $889,868.50. Following the completion of the sale, the general counsel directly owned 11,925 shares of the company's stock, valued at approximately $4,121,041.50. This represents a 17.76% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 101,108 shares of company stock valued at $36,771,200 in the last quarter. Corporate insiders own 0.13% of the company's stock.

Analysts Set New Price Targets

Several equities analysts recently issued reports on V shares. Evercore ISI assumed coverage on Visa in a research note on Wednesday, April 9th. They set an "in-line" rating and a $330.00 target price on the stock. Truist Financial assumed coverage on shares of Visa in a research report on Monday, June 2nd. They set a "buy" rating and a $400.00 price target on the stock. Barclays reaffirmed an "overweight" rating on shares of Visa in a research note on Friday, June 13th. Macquarie dropped their price target on shares of Visa from $400.00 to $380.00 and set an "outperform" rating for the company in a research note on Wednesday, April 30th. Finally, Mizuho upgraded Visa from a "neutral" rating to an "outperform" rating and increased their price objective for the company from $359.00 to $425.00 in a research note on Thursday, June 5th. 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's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $372.84.

Visa Stock Performance

V stock traded down $2.21 during midday trading on Monday, reaching $356.65. The company had a trading volume of 5,135,922 shares, compared to its average volume of 6,843,615. The firm has a market capitalization of $658.08 billion, a PE ratio of 35.84, a P/E/G ratio of 2.43 and a beta of 0.92. The stock has a 50 day moving average price of $355.79 and a 200 day moving average price of $341.65. Visa Inc. has a fifty-two week low of $252.70 and a fifty-two week high of $375.51. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 0.45.

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

Visa Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, June 2nd. Investors of record on Tuesday, May 13th were given a $0.59 dividend. This represents a $2.36 annualized dividend and a yield of 0.66%. The ex-dividend date of this dividend was Tuesday, May 13th. Visa's dividend payout ratio is currently 23.72%.

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.