Avantax Planning Partners Inc. Has $3.36 Million Stock Holdings in Visa Inc. (NYSE:V)

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

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Silver Oak Securities Incorporated raised its stake in shares of Visa by 3.7% in the 1st quarter. Silver Oak Securities Incorporated now owns 6,525 shares of the credit-card processor's stock valued at $2,237,000 after acquiring an additional 233 shares during the period. Calamos Wealth Management LLC increased its holdings in shares of Visa by 10.2% in the 1st quarter. Calamos Wealth Management LLC now owns 85,335 shares of the credit-card processor's stock valued at $29,907,000 after purchasing an additional 7,892 shares in the last quarter. Cohen Investment Advisors LLC grew its stake in Visa by 1.9% in the 1st quarter. Cohen Investment Advisors LLC now owns 13,346 shares of the credit-card processor's stock valued at $4,677,000 after acquiring an additional 251 shares during the last quarter. Aviance Capital Partners LLC boosted its stake in shares of Visa by 2.5% during the 1st quarter. Aviance Capital Partners LLC now owns 21,166 shares of the credit-card processor's stock worth $7,418,000 after purchasing an additional 518 shares during the last quarter. Finally, Onyx Bridge Wealth Group LLC boosted its position in shares of Visa by 2.1% in the first quarter. Onyx Bridge Wealth Group LLC now owns 7,308 shares of the credit-card processor's stock worth $2,561,000 after acquiring an additional 153 shares during the last quarter. Hedge funds and other institutional investors own 82.15% of the company's stock.

Insider Transactions at Visa

In other news, insider Paul D. Fabara sold 46,214 shares of the company's stock in a transaction that occurred on Thursday, June 5th. The shares were sold at an average price of $370.00, for a total transaction of $17,099,180.00. Following the transaction, the insider directly owned 26,413 shares in the company, valued at approximately $9,772,810. This represents a 63.63% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, General Counsel Julie B. Rottenberg sold 2,575 shares of the 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 $889,868.50. Following the completion of the transaction, the general counsel owned 11,925 shares in the company, valued at $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. In the last 90 days, insiders have sold 101,108 shares of company stock worth $36,771,200. 0.13% of the stock is currently owned by company insiders.

Visa Trading Up 0.7%

NYSE V traded up $2.36 during mid-day trading on Wednesday, reaching $356.91. 2,511,262 shares of the stock were exchanged, compared to its average volume of 6,820,673. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.08 and a current ratio of 1.08. The stock has a market capitalization of $658.55 billion, a PE ratio of 35.87, a PEG ratio of 2.42 and a beta of 0.92. Visa Inc. has a 1-year low of $252.70 and a 1-year high of $375.51. The business's fifty day simple moving average is $356.43 and its 200 day simple moving average is $342.00.

Visa (NYSE:V - Get Free Report) last issued 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 analysts' expectations of $9.57 billion. During the same quarter last year, the company posted $2.51 earnings per share. Visa's revenue was up 9.3% on a year-over-year basis. On average, research analysts anticipate that Visa Inc. will post 11.3 earnings per share for the current fiscal 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 0.66%. The ex-dividend date of this dividend was Tuesday, May 13th. Visa's dividend payout ratio is 23.72%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on V shares. UBS Group lifted their price objective 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. BMO Capital Markets upped their target price on Visa from $370.00 to $380.00 and gave the stock an "outperform" rating in a research report on Wednesday, April 30th. 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, Citigroup started coverage on Visa in a research note on Monday, June 2nd. They issued a "buy" rating for the company. Five investment analysts have rated the stock with a hold rating, twenty-three have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $372.84.

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.