D.A. Davidson & CO. Purchases 4,175 Shares of Visa Inc. (NYSE:V)

D.A. Davidson & CO. boosted its position in Visa Inc. (NYSE:V - Free Report) by 1.2% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 350,767 shares of the credit-card processor's stock after acquiring an additional 4,175 shares during the period. Visa accounts for 1.0% of D.A. Davidson & CO.'s portfolio, making the stock its 16th largest position. D.A. Davidson & CO.'s holdings in Visa were worth $122,930,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Lakeridge Wealth Management LLC boosted its holdings in Visa by 5.7% in the first quarter. Lakeridge Wealth Management LLC now owns 1,507 shares of the credit-card processor's stock valued at $528,000 after acquiring an additional 81 shares during the last quarter. Blue Rock Wealth Management LLC bought a new position in Visa during the fourth quarter worth about $306,000. Aptus Capital Advisors LLC boosted its holdings in Visa by 19.8% during the fourth quarter. Aptus Capital Advisors LLC now owns 182,658 shares of the credit-card processor's stock worth $57,727,000 after buying an additional 30,185 shares during the last quarter. King Wealth Management Group boosted its holdings in Visa by 9.0% during the fourth quarter. King Wealth Management Group now owns 74,874 shares of the credit-card processor's stock worth $23,663,000 after buying an additional 6,172 shares during the last quarter. Finally, Eagle Strategies LLC boosted its holdings in Visa by 2.5% during the fourth quarter. Eagle Strategies LLC now owns 2,568 shares of the credit-card processor's stock worth $811,000 after buying an additional 63 shares during the last quarter. Institutional investors own 82.15% of the company's stock.

Visa Stock Up 1.3%

Shares of Visa stock opened at $358.70 on Friday. The business's 50 day simple moving average is $355.79 and its 200 day simple moving average is $341.24. Visa Inc. has a 52-week low of $252.70 and a 52-week high of $375.51. The firm has a market cap of $661.86 billion, a PE ratio of 36.05, a P/E/G ratio of 2.43 and a beta of 0.92. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.08 and a current ratio of 1.08.

Visa (NYSE:V - Get Free Report) last announced its 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 56.28% and a net margin of 52.86%. The business had revenue of $9.59 billion for the quarter, compared to analyst estimates of $9.57 billion. During the same quarter last year, the firm earned $2.51 EPS. Visa's revenue for the quarter was up 9.3% compared to the same quarter last year. On average, analysts predict that Visa Inc. will post 11.3 earnings per share for the current fiscal year.

Visa Dividend Announcement

The company 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 was Tuesday, May 13th. Visa's dividend payout ratio is presently 23.72%.

Analyst Ratings Changes

A number of equities analysts have issued reports on V shares. Barclays restated an "overweight" rating on shares of Visa in a report on Friday, June 13th. Piper Sandler raised their target price on Visa from $383.00 to $384.00 and gave the stock an "overweight" rating in a report on Wednesday, April 30th. Oppenheimer raised their target price on Visa from $390.00 to $391.00 and gave the stock an "outperform" rating in a report on Wednesday. Citigroup started coverage on Visa in a report on Monday, June 2nd. They set a "buy" rating on the stock. Finally, Truist Financial started coverage on Visa in a report on Monday, June 2nd. They set a "buy" rating and a $400.00 target price on the stock. Five research 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's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $372.84.

Insider Activity at Visa

In other Visa news, CEO Ryan Mcinerney sold 8,630 shares of the firm'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 value of $3,053,466.60. Following the completion of 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, General Counsel Julie B. Rottenberg sold 2,575 shares of the firm's stock in a transaction that occurred on Thursday, May 1st. The shares were sold at an average price of $345.58, for a total value of $889,868.50. Following the completion of the transaction, the general counsel owned 11,925 shares of the company's stock, valued at approximately $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 quarter, insiders have sold 101,108 shares of company stock valued at $36,771,200. 0.13% of the stock is owned by 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.

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