Goodman Advisory Group LLC Invests $590,000 in Visa Inc. (NYSE:V)

Goodman Advisory Group LLC bought a new position in shares of Visa Inc. (NYSE:V - Free Report) during the first quarter, according to its most recent Form 13F filing with the SEC. The fund bought 1,683 shares of the credit-card processor's stock, valued at approximately $590,000.

Other large investors have also added to or reduced their stakes in the company. NewSquare Capital LLC bought a new stake in shares of Visa during the 4th quarter valued at approximately $35,000. Sellwood Investment Partners LLC bought a new position in shares of Visa in the 4th quarter valued at $41,000. Mountain Hill Investment Partners Corp. acquired a new stake in shares of Visa during the 4th quarter valued at $47,000. Measured Risk Portfolios Inc. acquired a new position in Visa in the 4th quarter worth about $47,000. Finally, Global X Japan Co. Ltd. acquired a new stake in shares of Visa during the first quarter valued at about $56,000. Institutional investors own 82.15% of the company's stock.

Wall Street Analyst Weigh In

Several analysts recently weighed in on V shares. Wall Street Zen raised shares of Visa from a "hold" rating to a "buy" rating in a research note on Monday, May 12th. UBS Group raised their price target on shares of Visa from $395.00 to $405.00 and gave the stock a "buy" rating in a report on Wednesday, May 28th. The Goldman Sachs Group began coverage on shares of Visa in a research note on Monday, June 2nd. They issued a "neutral" rating on the stock. Macquarie lowered their target price 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. Finally, Oppenheimer lifted their price objective on Visa from $390.00 to $391.00 and gave the stock an "outperform" rating in a research report on Wednesday. Five investment analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $372.84.

Insider Buying and Selling

In related news, CEO Ryan Mcinerney sold 8,620 shares of the company's stock in a transaction that occurred on Monday, June 2nd. The stock was sold at an average price of $362.77, for a total value of $3,127,077.40. Following the sale, the chief executive officer owned 537 shares in the company, valued at $194,807.49. This represents a 94.14% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Paul D. Fabara sold 11,636 shares of Visa stock in a transaction on Wednesday, June 11th. The shares were sold at an average price of $375.00, for a total value of $4,363,500.00. Following the transaction, the insider owned 26,413 shares of the company's stock, valued at $9,904,875. The trade was a 30.58% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 92,478 shares of company stock valued at $33,717,733 over the last quarter. Corporate insiders own 0.13% of the company's stock.

Visa Trading Down 0.4%

NYSE:V traded down $1.48 during trading hours on Wednesday, hitting $353.99. The company had a trading volume of 5,130,608 shares, compared to its average volume of 6,860,270. The stock has a 50-day moving average price of $354.48 and a 200 day moving average price of $340.57. The company has a market capitalization of $653.17 billion, a PE ratio of 35.58, a price-to-earnings-growth ratio of 2.41 and a beta of 0.92. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.08 and a quick ratio of 1.08. Visa Inc. has a 52 week low of $252.70 and a 52 week 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 (EPS) for the quarter, topping the consensus estimate of $2.68 by $0.08. The firm had revenue of $9.59 billion during the quarter, compared to analyst estimates of $9.57 billion. Visa had a return on equity of 56.28% and a net margin of 52.86%. The business's revenue was up 9.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.51 EPS. On average, equities research analysts predict that Visa Inc. will post 11.3 EPS for the current fiscal year.

Visa Dividend Announcement

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

Visa 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.