Gradient Investments LLC Buys 2,599 Shares of Visa Inc. (NYSE:V)

Gradient Investments LLC grew its stake in Visa Inc. (NYSE:V - Free Report) by 1.7% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 151,312 shares of the credit-card processor's stock after acquiring an additional 2,599 shares during the period. Visa accounts for approximately 1.1% of Gradient Investments LLC's holdings, making the stock its 26th largest position. Gradient Investments LLC's holdings in Visa were worth $53,029,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of V. Bradley & Co. Private Wealth Management LLC acquired a new stake in Visa in the 4th quarter valued at about $27,000. POM Investment Strategies LLC lifted its position in Visa by 48.5% during the fourth quarter. POM Investment Strategies LLC now owns 98 shares of the credit-card processor's stock worth $31,000 after acquiring an additional 32 shares during the last quarter. Compass Planning Associates Inc acquired a new stake in Visa during the fourth quarter worth approximately $32,000. NewSquare Capital LLC acquired a new stake in Visa during the fourth quarter worth approximately $35,000. Finally, FPC Investment Advisory Inc. lifted 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 during the last quarter. Institutional investors own 82.15% of the company's stock.

Insider Buying and Selling

In other news, 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 completion of the sale, the insider now owns 26,413 shares of the company's stock, valued at $8,991,249.33. The trade was a 59.84% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Ryan Mcinerney sold 8,620 shares of the business's stock in a transaction on Tuesday, April 1st. The shares were sold at an average price of $350.44, for a total transaction of $3,020,792.80. Following the sale, the chief executive officer now directly owns 537 shares of the company's stock, valued at approximately $188,186.28. The trade was a 94.14% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 113,328 shares of company stock worth $38,419,222 in the last three months. Insiders own 0.13% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on V shares. Jefferies Financial Group raised their target price on shares of Visa from $400.00 to $410.00 and gave the stock a "buy" rating in a report on Tuesday, May 27th. Truist Financial began coverage on Visa in a research note on Monday. They issued a "buy" rating and a $400.00 target price on the stock. Piper Sandler upped their price objective on Visa from $383.00 to $384.00 and gave the company an "overweight" rating in a research note on Wednesday, April 30th. Macquarie dropped their price objective on Visa from $400.00 to $380.00 and set an "outperform" rating on the stock in a research note on Wednesday, April 30th. Finally, The Goldman Sachs Group started coverage on Visa in a research report on Monday. They set a "neutral" rating on the stock. Six research analysts have rated the stock with a hold rating, twenty-two have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $367.48.

Visa Trading Up 0.2%

Shares of NYSE V traded up $0.80 during trading hours on Tuesday, hitting $366.12. The company's stock had a trading volume of 5,221,297 shares, compared to its average volume of 7,005,162. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.12 and a current ratio of 1.12. The stock has a market cap of $675.56 billion, a price-to-earnings ratio of 36.91, a P/E/G ratio of 2.33 and a beta of 0.96. Visa Inc. has a 12 month low of $252.70 and a 12 month high of $369.15. The business has a 50-day simple moving average of $343.82 and a 200-day simple moving average of $334.27.

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 (EPS) for the quarter, topping the consensus estimate of $2.68 by $0.08. The company had revenue of $9.59 billion for the quarter, compared to analysts' expectations of $9.57 billion. Visa had a return on equity of 54.79% and a net margin of 54.27%. Visa's quarterly revenue was up 9.3% on a year-over-year basis. During the same period last year, the firm earned $2.51 earnings per share. On average, analysts anticipate that Visa Inc. will post 11.3 earnings per share for the current fiscal year.

Visa Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 2nd. Investors of record on Tuesday, May 13th were issued 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 yield of 0.64%. Visa's payout ratio is currently 23.72%.

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.