Bernard Wealth Management Corp. Purchases Shares of 10,243 Visa Inc. (NYSE:V)

Bernard Wealth Management Corp. bought a new position in Visa Inc. (NYSE:V - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 10,243 shares of the credit-card processor's stock, valued at approximately $3,237,000. Visa comprises about 1.5% of Bernard Wealth Management Corp.'s portfolio, making the stock its 15th largest position.

Other hedge funds have also recently bought and sold shares of the company. Bradley & Co. Private Wealth Management LLC bought a new position in shares of Visa in the 4th quarter valued at about $27,000. POM Investment Strategies LLC grew its stake in Visa by 48.5% in the fourth quarter. POM Investment Strategies LLC now owns 98 shares of the credit-card processor's stock valued at $31,000 after acquiring an additional 32 shares during the period. Compass Planning Associates Inc bought a new stake in Visa in the 4th quarter valued at $32,000. NewSquare Capital LLC bought a new stake in shares of Visa in the fourth quarter worth $35,000. Finally, FPC Investment Advisory Inc. boosted its position in Visa by 377.3% during 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 during the last quarter. 82.15% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on V shares. UBS Group increased their price target on Visa from $395.00 to $405.00 and gave the company a "buy" rating in a research note on Wednesday. JPMorgan Chase & Co. upped their price objective on shares of Visa from $340.00 to $375.00 and gave the stock an "overweight" rating in a research report on Friday, January 31st. Piper Sandler increased their target price on shares of Visa from $383.00 to $384.00 and gave the stock an "overweight" rating in a report on Wednesday, April 30th. Jefferies Financial Group upped their target price on Visa from $400.00 to $410.00 and gave the stock a "buy" rating in a report on Tuesday. Finally, Oppenheimer reissued an "outperform" rating on shares of Visa in a report on Thursday, February 13th. Six analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, Visa presently has an average rating of "Moderate Buy" and an average price target of $366.13.

Visa Stock Up 0.8%

NYSE:V traded up $2.82 on Thursday, hitting $362.55. The stock had a trading volume of 4,590,181 shares, compared to its average volume of 7,008,449. Visa Inc. has a 52 week low of $252.70 and a 52 week high of $369.15. The business's fifty day moving average is $342.62 and its 200 day moving average is $332.80. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.45. The company has a market cap of $668.96 billion, a PE ratio of 36.55, a P/E/G ratio of 2.33 and a beta of 0.96.

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 (EPS) 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 business had revenue of $9.59 billion during the quarter, compared to the consensus estimate of $9.57 billion. During the same quarter in the previous year, the business earned $2.51 EPS. The company's quarterly revenue was up 9.3% on a year-over-year basis. On average, equities research analysts expect that Visa Inc. will post 11.3 EPS for the current fiscal year.

Visa Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 2nd. Shareholders of record on Tuesday, May 13th will be given a dividend of $0.59 per share. The ex-dividend date is Tuesday, May 13th. This represents a $2.36 annualized dividend and a dividend yield of 0.65%. Visa's dividend payout ratio is currently 23.72%.

Insider Buying and Selling

In related news, CEO Ryan Mcinerney sold 8,620 shares of the business's stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $363.00, for a total value of $3,129,060.00. Following the sale, the chief executive officer now directly owns 537 shares in the company, valued at approximately $194,931. The trade was a 94.14% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, General Counsel Julie B. Rottenberg sold 2,575 shares of the stock in a transaction dated Thursday, May 1st. The stock was sold at an average price of $345.58, for a total transaction of $889,868.50. Following the transaction, the general counsel now owns 11,925 shares of the company's stock, valued at $4,121,041.50. This represents a 17.76% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 121,948 shares of company stock worth $41,548,282. 0.13% of the stock is owned by company insiders.

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.