Concurrent Investment Advisors LLC Increases Stock Position in Visa Inc. $V

Key Points

• Concurrent Investment Advisors LLC increased its stake in Visa by 44.0% in Q4, buying an additional 33,376 shares to hold 109,174 shares valued at about $38.29 million; institutional investors now own 82.15% of the company.
• Visa beat Q4 estimates with $3.17 EPS (vs. $3.14) and $10.90B revenue (vs. $10.69B), revenue was up 14.6% YoY, and the company reports strong profitability (ROE 61.74%, net margin 50.23%); analysts have a consensus Buy rating with a $387.79 price target.

Concurrent Investment Advisors LLC boosted its position in shares of Visa Inc. (NYSE:V - Free Report) by 44.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 109,174 shares of the credit-card processor's stock after purchasing an additional 33,376 shares during the period. Concurrent Investment Advisors LLC's holdings in Visa were worth $38,288,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Clayton Financial Group LLC boosted its position in Visa by 446.2% in the 4th quarter. Clayton Financial Group LLC now owns 71 shares of the credit-card processor's stock valued at $25,000 after buying an additional 58 shares during the last quarter. PayPay Securities Corp increased its position in shares of Visa by 102.7% during the fourth quarter. PayPay Securities Corp now owns 75 shares of the credit-card processor's stock worth $26,000 after acquiring an additional 38 shares during the last quarter. Parvin Asset Management LLC lifted its stake in shares of Visa by 200.0% in the third quarter. Parvin Asset Management LLC now owns 75 shares of the credit-card processor's stock worth $26,000 after acquiring an additional 50 shares in the last quarter. Dorato Capital Management acquired a new position in shares of Visa in the fourth quarter worth about $30,000. Finally, Imprint Wealth LLC purchased a new position in Visa in the third quarter valued at about $39,000. Hedge funds and other institutional investors own 82.15% of the company's stock.

Visa Stock Up 0.1%

Shares of Visa stock opened at $309.66 on Monday. The business has a 50-day moving average price of $309.88 and a 200 day moving average price of $327.83. Visa Inc. has a fifty-two week low of $293.89 and a fifty-two week high of $375.51. The firm has a market cap of $562.09 billion, a P/E ratio of 29.05, a P/E/G ratio of 1.78 and a beta of 0.80. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.51.

Visa (NYSE:V - Get Free Report) last released its earnings results on Thursday, January 29th. The credit-card processor reported $3.17 EPS for the quarter, topping analysts' consensus estimates of $3.14 by $0.03. The company had revenue of $10.90 billion for the quarter, compared to the consensus estimate of $10.69 billion. Visa had a return on equity of 61.74% and a net margin of 50.23%.Visa's quarterly revenue was up 14.6% compared to the same quarter last year. During the same quarter last year, the business posted $2.75 EPS. On average, sell-side analysts forecast that Visa Inc. will post 12.84 earnings per share for the current fiscal year.

Visa Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 2nd. Investors of record on Tuesday, February 10th were paid a dividend of $0.67 per share. This represents a $2.68 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date was Tuesday, February 10th. Visa's dividend payout ratio is presently 25.14%.

Analyst Ratings Changes

A number of brokerages have weighed in on V. Cantor Fitzgerald upgraded Visa to a "strong-buy" rating in a research note on Tuesday, January 27th. Weiss Ratings lowered Visa from a "buy (b-)" rating to a "hold (c+)" rating in a research report on Thursday, April 16th. Bank of America assumed coverage on Visa in a research note on Thursday, March 5th. They set a "buy" rating and a $410.00 target price for the company. Daiwa Securities Group raised shares of Visa from a "neutral" rating to an "outperform" rating and set a $370.00 price target for the company in a research report on Monday, February 2nd. Finally, Freedom Capital raised shares of Visa from a "hold" rating to a "strong-buy" rating in a report on Monday, February 16th. Seven equities research analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, Visa currently has a consensus rating of "Buy" and a consensus price target of $387.79.

Insiders Place Their Bets

In other Visa news, Director Lloyd Carney sold 650 shares of the firm's stock in a transaction on Wednesday, March 11th. The stock was sold at an average price of $309.62, for a total value of $201,253.00. Following the sale, the director directly owned 2,679 shares in the company, valued at approximately $829,471.98. This trade represents a 19.53% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 0.12% of the stock is owned by corporate insiders.

About Visa

Visa Inc is a global payments technology company that facilitates electronic funds transfers and digital commerce by connecting consumers, merchants, financial institutions and governments. The firm operates one of the world's largest payment networks, providing processing, authorization, clearing and settlement services for credit, debit and prepaid card transactions. Visa's network-based model enables partner banks and other issuers to offer branded payment products while Visa focuses on the infrastructure, standards and technologies that move money securely and efficiently around the world.

Visa's product and service portfolio includes card-based payment products for consumers and businesses, real-time push-payment capabilities, tokenization and authentication services, fraud and risk-management tools, data analytics and APIs for fintech and merchant integration.

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