GAMMA Investing LLC Buys 3,795 Shares of Visa Inc. (NYSE:V)

GAMMA Investing LLC boosted its position in Visa Inc. (NYSE:V - Free Report) by 9.9% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 42,120 shares of the credit-card processor's stock after purchasing an additional 3,795 shares during the quarter. Visa makes up approximately 1.1% of GAMMA Investing LLC's investment portfolio, making the stock its 11th largest holding. GAMMA Investing LLC's holdings in Visa were worth $14,761,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Sovereign Investment Advisors LLC purchased a new stake in shares of Visa during the fourth quarter worth about $424,000. Brighton Jones LLC boosted its stake in Visa by 50.1% in the 4th quarter. Brighton Jones LLC now owns 20,635 shares of the credit-card processor's stock worth $6,522,000 after purchasing an additional 6,883 shares in the last quarter. Revolve Wealth Partners LLC boosted its stake in Visa by 68.9% in the 4th quarter. Revolve Wealth Partners LLC now owns 11,811 shares of the credit-card processor's stock worth $3,733,000 after purchasing an additional 4,817 shares in the last quarter. Leverage Partners Absolute Return Fund SPC purchased a new stake in Visa during the 4th quarter worth approximately $204,000. Finally, SOA Wealth Advisors LLC. increased its stake in Visa by 7.0% during the 4th quarter. SOA Wealth Advisors LLC. now owns 2,855 shares of the credit-card processor's stock valued at $902,000 after purchasing an additional 187 shares in the last quarter. 82.15% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Visa

In other Visa news, CEO Ryan Mcinerney sold 8,620 shares of the business's stock in a transaction on Monday, June 2nd. The stock was sold at an average price of $362.77, for a total transaction of $3,127,077.40. Following the transaction, the chief executive officer now owns 537 shares of the company's stock, valued at approximately $194,807.49. The trade was a 94.14% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Paul D. Fabara sold 11,636 shares of the business's stock in a transaction dated Wednesday, June 11th. The shares were sold at an average price of $375.00, for a total transaction of $4,363,500.00. Following the transaction, the insider now directly owns 26,413 shares in the company, valued at approximately $9,904,875. The trade was a 30.58% decrease in their position. The disclosure for this sale can be found here. Insiders sold 101,098 shares of company stock valued at $36,738,526 over the last 90 days. Corporate insiders own 0.13% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have recently commented on the stock. Macquarie lowered their price objective on shares of Visa from $400.00 to $380.00 and set an "outperform" rating for the company in a research note on Wednesday, April 30th. Jefferies Financial Group raised their target price on Visa from $400.00 to $410.00 and gave the stock a "buy" rating in a research note on Tuesday, May 27th. Barclays reaffirmed an "overweight" rating on shares of Visa in a research report on Friday, June 13th. Susquehanna reissued a "positive" rating on shares of Visa in a report on Friday, March 21st. Finally, William Blair restated an "outperform" rating on shares of Visa in a research note on Wednesday, April 30th. Five analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, Visa has an average rating of "Moderate Buy" and an average target price of $372.80.

Visa Stock Performance

NYSE V opened at $349.13 on Friday. The stock has a market capitalization of $644.20 billion, a price-to-earnings ratio of 35.09, a PEG ratio of 2.33 and a beta of 0.94. The stock has a 50-day moving average of $353.30 and a 200 day moving average of $339.83. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 0.45. Visa Inc. has a twelve month low of $252.70 and a twelve month high of $375.51.

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 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 during the quarter, compared to the consensus estimate of $9.57 billion. During the same period in the prior year, the company posted $2.51 EPS. The business's quarterly revenue was up 9.3% on a year-over-year basis. Sell-side analysts anticipate that Visa Inc. will post 11.3 EPS for the current fiscal year.

Visa Dividend Announcement

The business also recently announced 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 annualized dividend and a dividend yield of 0.68%. Visa's dividend payout ratio (DPR) is 23.72%.

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.

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