Dynamic Advisor Solutions LLC Purchases Shares of 33,719 Visa Inc. (NYSE:V)

Dynamic Advisor Solutions LLC purchased a new stake in Visa Inc. (NYSE:V - Free Report) in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 33,719 shares of the credit-card processor's stock, valued at approximately $11,817,000.

Several other institutional investors and hedge funds also recently made changes to their positions in V. Bradley & Co. Private Wealth Management LLC bought a new stake in shares of Visa in the fourth quarter worth $27,000. Compass Planning Associates Inc bought a new stake in Visa during the fourth quarter worth $32,000. FPC Investment Advisory Inc. raised its position in Visa by 377.3% during the fourth quarter. FPC Investment Advisory Inc. now owns 105 shares of the credit-card processor's stock worth $36,000 after acquiring an additional 83 shares in the last quarter. NewSquare Capital LLC bought a new stake in Visa during the fourth quarter worth $35,000. Finally, Sellwood Investment Partners LLC bought a new stake in Visa during the fourth quarter worth $41,000. Institutional investors and hedge funds own 82.15% of the company's stock.

Analyst Ratings Changes

Several analysts have issued reports on the stock. Truist Financial assumed coverage on shares of Visa in a research report on Monday, June 2nd. They set a "buy" rating and a $400.00 price target on the stock. William Blair reaffirmed an "outperform" rating on shares of Visa in a research report on Wednesday, April 30th. Wall Street Zen raised shares of Visa from a "hold" rating to a "buy" rating in a research report on Monday, May 12th. Jefferies Financial Group increased their price objective on shares of Visa from $400.00 to $410.00 and gave the company a "buy" rating in a research report on Tuesday, May 27th. Finally, Macquarie dropped their price objective on shares of Visa from $400.00 to $380.00 and set an "outperform" rating on the stock in a research report on Wednesday, April 30th. Five equities research analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $372.80.

Visa Trading Down 5.0%

NYSE:V traded down $18.65 during mid-day trading on Friday, hitting $352.75. 14,176,249 shares of the company's stock were exchanged, compared to its average volume of 7,017,457. Visa Inc. has a fifty-two week low of $252.70 and a fifty-two week high of $375.51. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.45. The firm has a market capitalization of $650.87 billion, a P/E ratio of 35.56, a PEG ratio of 2.33 and a beta of 0.94. The company has a 50 day simple moving average of $349.76 and a 200-day simple moving average of $337.61.

Visa (NYSE:V - Get Free Report) last posted its earnings results on Tuesday, April 29th. The credit-card processor reported $2.76 earnings per share for the quarter, topping analysts' consensus estimates of $2.68 by $0.08. Visa had a net margin of 54.27% and a return on equity of 54.79%. The firm had revenue of $9.59 billion for the quarter, compared to analyst estimates of $9.57 billion. During the same period in the previous year, the firm posted $2.51 EPS. The company's revenue for the quarter was up 9.3% compared to the same quarter last year. As a group, research analysts expect that Visa Inc. will post 11.3 earnings per share for the current year.

Visa Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 2nd. Stockholders of record on Tuesday, May 13th were given a $0.59 dividend. The ex-dividend date of this dividend was Tuesday, May 13th. This represents a $2.36 dividend on an annualized basis and a dividend yield of 0.67%. Visa's dividend payout ratio (DPR) is currently 23.72%.

Insider Transactions at Visa

In related news, CEO Ryan Mcinerney sold 8,620 shares of the business's stock in a transaction on Thursday, May 1st. The shares were sold at an average price of $345.58, for a total transaction of $2,978,899.60. Following the transaction, the chief executive officer now owns 537 shares in the company, valued at $185,576.46. The trade was a 94.14% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Paul D. Fabara sold 39,350 shares of the business's stock in a transaction on Wednesday, March 19th. The shares were sold at an average price of $340.41, for a total transaction of $13,395,133.50. Following the transaction, the insider now owns 26,413 shares in the company, valued at $8,991,249.33. The trade was a 59.84% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 140,448 shares of company stock worth $50,133,659. Company insiders own 0.13% of the company's stock.

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.