Davidson Investment Advisors Acquires 2,565 Shares of Visa Inc. (NYSE:V)

Davidson Investment Advisors boosted its holdings in Visa Inc. (NYSE:V - Free Report) by 3.0% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 89,395 shares of the credit-card processor's stock after buying an additional 2,565 shares during the period. Visa makes up 1.5% of Davidson Investment Advisors' investment portfolio, making the stock its 15th biggest holding. Davidson Investment Advisors' holdings in Visa were worth $31,329,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of V. Family Capital Management Inc. lifted its position in Visa by 14.0% during the first quarter. Family Capital Management Inc. now owns 2,475 shares of the credit-card processor's stock valued at $867,000 after purchasing an additional 303 shares during the last quarter. Planning Directions Inc. bought a new stake in shares of Visa during the 1st quarter worth $857,000. Capital Management Associates Inc lifted its holdings in shares of Visa by 93.8% during the 1st quarter. Capital Management Associates Inc now owns 2,418 shares of the credit-card processor's stock worth $847,000 after acquiring an additional 1,170 shares during the last quarter. Beverly Hills Private Wealth LLC lifted its holdings in shares of Visa by 2.7% during the 1st quarter. Beverly Hills Private Wealth LLC now owns 15,218 shares of the credit-card processor's stock worth $5,333,000 after acquiring an additional 393 shares during the last quarter. Finally, Interchange Capital Partners LLC lifted its holdings in shares of Visa by 2.6% during the 1st quarter. Interchange Capital Partners LLC now owns 6,383 shares of the credit-card processor's stock worth $2,237,000 after acquiring an additional 160 shares during the last quarter. 82.15% of the stock is currently owned by hedge funds and other institutional investors.

Visa Stock Down 2.3%

Shares of V stock traded down $8.17 during trading hours on Friday, hitting $347.71. 7,576,795 shares of the company's stock traded hands, compared to its average volume of 6,829,633. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 0.45. The stock's fifty day simple moving average is $356.93 and its two-hundred day simple moving average is $342.37. Visa Inc. has a 12-month low of $252.70 and a 12-month high of $375.51. The stock has a market cap of $641.58 billion, a price-to-earnings ratio of 34.95, a PEG ratio of 2.43 and a beta of 0.92.

Visa (NYSE:V - Get Free Report) last released its 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 business had revenue of $9.59 billion for the quarter, compared to the consensus estimate of $9.57 billion. During the same period in the previous year, the company posted $2.51 earnings per share. The company's revenue for the quarter was up 9.3% compared to the same quarter last year. On average, analysts expect that Visa Inc. will post 11.3 EPS for the current year.

Visa Announces Dividend

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

Insider Transactions at Visa

In other Visa news, insider Paul D. Fabara sold 46,214 shares of Visa stock in a transaction that occurred on Thursday, June 5th. The shares were sold at an average price of $370.00, for a total value of $17,099,180.00. Following the completion of the sale, the insider owned 26,413 shares of the company's stock, valued at approximately $9,772,810. The trade was a 63.63% decrease in their position. The transaction was disclosed in a document filed 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 that occurred on Thursday, May 1st. The stock was sold at an average price of $345.58, for a total transaction of $889,868.50. Following the completion of the transaction, the general counsel owned 11,925 shares in the company, valued at $4,121,041.50. The trade was a 17.76% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 101,108 shares of company stock worth $36,771,200. Corporate insiders own 0.13% of the company's stock.

Analyst Ratings Changes

A number of research firms have recently issued reports on V. Macquarie dropped their price objective on shares of Visa from $400.00 to $380.00 and set an "outperform" rating for the company in a report on Wednesday, April 30th. Susquehanna reissued a "positive" rating on shares of Visa in a research note on Friday, March 21st. Piper Sandler boosted their price target on shares of Visa from $383.00 to $384.00 and gave the stock an "overweight" rating in a research note on Wednesday, April 30th. Jefferies Financial Group boosted their price target on shares of Visa from $400.00 to $410.00 and gave the stock a "buy" rating in a research note on Tuesday, May 27th. Finally, Wall Street Zen raised shares of Visa from a "hold" rating to a "buy" rating in a research note on Monday, May 12th. Five research analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, Visa has a consensus rating of "Moderate Buy" and an average target price of $372.84.

About Visa

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.