Visa Inc. (NYSE:V) is Insight Inv LLC's 9th Largest Position

Insight Inv LLC boosted its holdings in shares of Visa Inc. (NYSE:V - Free Report) by 843.4% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 15,029 shares of the credit-card processor's stock after purchasing an additional 13,436 shares during the quarter. Visa comprises about 2.0% of Insight Inv LLC's investment portfolio, making the stock its 9th largest position. Insight Inv LLC's holdings in Visa were worth $5,267,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of V. Nabity Jensen Investment Management Inc increased its stake in Visa by 2.3% during the first quarter. Nabity Jensen Investment Management Inc now owns 2,025 shares of the credit-card processor's stock worth $710,000 after acquiring an additional 45 shares during the last quarter. MorganRosel Wealth Management LLC purchased a new position in shares of Visa in the 1st quarter worth approximately $177,000. Argent Advisors Inc. boosted its holdings in shares of Visa by 16.9% in the 1st quarter. Argent Advisors Inc. now owns 7,350 shares of the credit-card processor's stock worth $2,556,000 after purchasing an additional 1,061 shares during the period. Kingsman Wealth Management Inc. bought a new position in shares of Visa during the 1st quarter valued at approximately $1,935,000. Finally, Red Cedar Investment Management LLC raised its holdings in Visa by 31.1% during the 1st quarter. Red Cedar Investment Management LLC now owns 9,461 shares of the credit-card processor's stock valued at $3,316,000 after buying an additional 2,247 shares during the period. Hedge funds and other institutional investors own 82.15% of the company's stock.

Analysts Set New Price Targets

V has been the subject of a number of analyst reports. Mizuho upgraded Visa from a "neutral" rating to an "outperform" rating and raised their price target for the stock from $359.00 to $425.00 in a research report on Thursday, June 5th. Susquehanna restated a "positive" rating on shares of Visa in a report on Friday, March 21st. Macquarie dropped their price target 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. Wall Street Zen raised shares of Visa from a "hold" rating to a "buy" rating in a research report on Monday, May 12th. Finally, Truist Financial assumed coverage on shares of Visa in a research note on Monday, June 2nd. They issued a "buy" rating and a $400.00 price objective for the company. Five 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.

Visa Stock Down 0.4%

NYSE:V traded down $1.48 during mid-day trading on Wednesday, reaching $353.99. The company's stock had a trading volume of 5,130,608 shares, compared to its average volume of 6,867,561. Visa Inc. has a 1 year low of $252.70 and a 1 year high of $375.51. The stock has a fifty day moving average of $354.48 and a 200-day moving average of $340.57. The firm has a market capitalization of $653.17 billion, a PE ratio of 35.58, a price-to-earnings-growth ratio of 2.39 and a beta of 0.92. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 0.45.

Visa (NYSE:V - Get Free Report) last posted its quarterly earnings results on Tuesday, April 29th. The credit-card processor reported $2.76 EPS for the quarter, beating the consensus estimate of $2.68 by $0.08. Visa had a net margin of 52.86% and a return on equity of 56.28%. The business had revenue of $9.59 billion during the quarter, compared to analyst estimates of $9.57 billion. During the same quarter in the previous year, the business posted $2.51 EPS. The company's quarterly revenue was up 9.3% compared to the same quarter last year. Equities research analysts forecast that Visa Inc. will post 11.3 earnings per share for the current year.

Visa Announces Dividend

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

Insiders Place Their Bets

In other news, General Counsel Julie B. Rottenberg sold 2,575 shares of Visa stock in a transaction on Thursday, May 1st. The stock was sold at an average price of $345.58, for a total value of $889,868.50. Following the transaction, the general counsel directly owned 11,925 shares in the company, valued at approximately $4,121,041.50. This trade represents a 17.76% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, 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 value of $3,127,077.40. Following the completion of the transaction, the chief executive officer directly owned 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 disclosure for this sale can be found here. Insiders sold a total of 92,478 shares of company stock worth $33,717,733 over the last 90 days. Company insiders own 0.13% of the company's stock.

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.