Cloud Capital Management LLC Purchases New Position in Visa Inc. (NYSE:V)

Cloud Capital Management LLC acquired a new stake in Visa Inc. (NYSE:V - Free Report) during the first quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 2,768 shares of the credit-card processor's stock, valued at approximately $970,000. Visa makes up about 0.7% of Cloud Capital Management LLC's holdings, making the stock its 28th biggest position.

Several other large investors have also recently added to or reduced their stakes in V. von Borstel & Associates Inc. acquired a new stake in Visa during the 1st quarter worth approximately $27,000. Sellwood Investment Partners LLC acquired a new position in shares of Visa during the fourth quarter worth $41,000. Mountain Hill Investment Partners Corp. bought a new stake in shares of Visa in the fourth quarter worth $47,000. Measured Risk Portfolios Inc. acquired a new stake in Visa in the fourth quarter valued at $47,000. Finally, Navigoe LLC acquired a new stake in Visa in the fourth quarter valued at $53,000. Institutional investors own 82.15% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have commented on the company. Wall Street Zen upgraded Visa from a "hold" rating to a "buy" rating in a research report on Monday, May 12th. Truist Financial started coverage on shares of Visa in a research note on Monday, June 2nd. They issued a "buy" rating and a $400.00 price target for the company. William Blair reiterated an "outperform" rating on shares of Visa in a report on Wednesday, April 30th. The Goldman Sachs Group began coverage on shares of Visa in a research report on Monday, June 2nd. They issued a "neutral" rating on the stock. Finally, UBS Group upped their target price on shares of Visa from $395.00 to $405.00 and gave the stock a "buy" rating in a research note on Wednesday, May 28th. Five analysts have rated the stock with a hold rating, twenty-three have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, Visa currently has an average rating of "Moderate Buy" and an average target price of $372.84.

Insider Activity

In related news, insider Paul D. Fabara sold 11,636 shares of the firm's stock in a transaction dated 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 directly owned 26,413 shares of the company's stock, valued at $9,904,875. This trade represents a 30.58% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Ryan Mcinerney sold 8,630 shares of the business's stock in a transaction that occurred on Tuesday, July 1st. The shares were sold at an average price of $353.82, for a total value of $3,053,466.60. Following the transaction, the chief executive officer directly owned 537 shares in the company, valued at $190,001.34. This trade represents a 94.14% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 101,108 shares of company stock valued at $36,771,200. Insiders own 0.13% of the company's stock.

Visa Price Performance

Visa stock traded down $1.14 during midday trading on Thursday, reaching $356.63. 3,248,434 shares of the stock were exchanged, compared to its average volume of 6,826,857. Visa Inc. has a 52 week low of $252.70 and a 52 week high of $375.51. 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 firm has a market cap of $658.03 billion, a PE ratio of 35.84, a PEG ratio of 2.40 and a beta of 0.92. The company's fifty day moving average is $356.66 and its 200-day moving average is $342.11.

Visa (NYSE:V - Get Free Report) last posted its quarterly earnings data on Tuesday, April 29th. The credit-card processor reported $2.76 earnings per share for the quarter, beating the consensus estimate 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 EPS. The business's quarterly revenue was up 9.3% on a year-over-year basis. On average, sell-side analysts forecast that Visa Inc. will post 11.3 EPS 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 dividend on an annualized basis and a yield of 0.66%. The ex-dividend date of this dividend was Tuesday, May 13th. Visa's payout ratio is presently 23.72%.

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.