BluePointe Capital Management LLC Grows Position in Visa Inc. (NYSE:V)

BluePointe Capital Management LLC increased its position in shares of Visa Inc. (NYSE:V - Free Report) by 94.3% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,875 shares of the credit-card processor's stock after buying an additional 910 shares during the period. BluePointe Capital Management LLC's holdings in Visa were worth $657,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in V. von Borstel & Associates Inc. bought a new stake in Visa during the first quarter valued at about $27,000. Sellwood Investment Partners LLC bought a new stake in Visa during the fourth quarter valued at about $41,000. Mountain Hill Investment Partners Corp. bought a new stake in Visa during the fourth quarter valued at about $47,000. Measured Risk Portfolios Inc. bought a new stake in Visa during the fourth quarter valued at about $47,000. Finally, Navigoe LLC bought a new stake in Visa during the fourth quarter valued at about $53,000. Hedge funds and other institutional investors own 82.15% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have weighed in on V shares. Susquehanna reissued a "positive" rating on shares of Visa in a report on Friday, March 21st. Truist Financial lowered their price target on Visa from $400.00 to $397.00 and set a "buy" rating for the company in a report on Thursday. Piper Sandler raised 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. Citigroup assumed coverage on Visa in a report on Monday, June 2nd. They issued a "buy" rating for the company. Finally, William Blair restated an "outperform" rating on shares of Visa in a research note on Wednesday, April 30th. 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. Based on data from MarketBeat, Visa has an average rating of "Moderate Buy" and a consensus target price of $375.52.

Visa Price Performance

Shares of Visa stock traded down $1.46 on Friday, reaching $348.35. The company's stock had a trading volume of 2,160,548 shares, compared to its average volume of 6,780,455. The company has a market capitalization of $642.77 billion, a P/E ratio of 35.03, a PEG ratio of 2.37 and a beta of 0.92. Visa Inc. has a 52-week low of $252.70 and a 52-week high of $375.51. The stock has a 50-day moving average price of $356.90 and a 200-day moving average price of $343.40. 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 results on Tuesday, April 29th. The credit-card processor reported $2.76 EPS for the quarter, topping the consensus estimate 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 analysts' expectations of $9.57 billion. During the same period in the previous year, the business earned $2.51 earnings per share. The firm's revenue for the quarter was up 9.3% on a year-over-year basis. Analysts expect that Visa Inc. will post 11.3 EPS for the current year.

Visa Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 2nd. Investors of record on Tuesday, May 13th were given a dividend of $0.59 per share. This represents a $2.36 annualized dividend and a dividend yield of 0.68%. The ex-dividend date of this dividend was Tuesday, May 13th. Visa's payout ratio is 23.72%.

Insider Buying and Selling

In related news, CEO Ryan Mcinerney sold 8,630 shares of the business's stock in a transaction that occurred on Tuesday, July 1st. The stock was sold at an average price of $353.82, for a total transaction of $3,053,466.60. Following the completion of the sale, the chief executive officer directly owned 537 shares in the company, valued at approximately $190,001.34. The trade was a 94.14% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Paul D. Fabara sold 11,636 shares of the business's stock in a transaction that occurred on Wednesday, June 11th. The stock was sold at an average price of $375.00, for a total value of $4,363,500.00. Following the sale, the insider owned 26,413 shares of the company's stock, valued at $9,904,875. The trade was a 30.58% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 101,108 shares of company stock worth $36,771,200. 0.13% of the stock is owned by corporate insiders.

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.