Visa Inc. (NYSE:V) Shares Acquired by Lindenwold Advisors INC

Key Points

• Lindenwold Advisors INC significantly increased its stake in Visa Inc. by 83.3% in the first quarter, acquiring an additional 4,354 shares and bringing its total holdings to 9,580 shares valued at $3,357,000.
• Insider transactions included the sale of 46,214 shares by Paul D. Fabara, representing a 63.63% decrease in ownership, and CEO Ryan Mcinerney selling 8,630 shares, reducing his position by 94.14%.
• Visa reported a quarterly earnings per share of $2.98, surpassing analysts' expectations, with revenues increasing by 14.3% year-over-year, showcasing strong financial performance despite recent stock fluctuations.

Lindenwold Advisors INC lifted its stake in shares of Visa Inc. (NYSE:V - Free Report) by 83.3% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 9,580 shares of the credit-card processor's stock after buying an additional 4,354 shares during the quarter. Visa makes up approximately 1.9% of Lindenwold Advisors INC's portfolio, making the stock its 16th biggest position. Lindenwold Advisors INC's holdings in Visa were worth $3,357,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. GAMMA Investing LLC increased its stake in Visa by 38,416.3% in the first quarter. GAMMA Investing LLC now owns 14,761,375 shares of the credit-card processor's stock valued at $5,173,271,000 after purchasing an additional 14,723,050 shares during the last quarter. Northern Trust Corp boosted its holdings in shares of Visa by 18.0% in the fourth quarter. Northern Trust Corp now owns 18,260,714 shares of the credit-card processor's stock valued at $5,771,116,000 after acquiring an additional 2,785,707 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in shares of Visa in the fourth quarter valued at approximately $673,689,000. Sanders Capital LLC acquired a new stake in shares of Visa in the fourth quarter valued at approximately $623,022,000. Finally, Kovitz Investment Group Partners LLC boosted its holdings in shares of Visa by 295.4% in the fourth quarter. Kovitz Investment Group Partners LLC now owns 2,362,202 shares of the credit-card processor's stock valued at $746,550,000 after acquiring an additional 1,764,781 shares during the period. 82.15% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, insider Paul D. Fabara sold 46,214 shares of the firm's stock in a transaction on Thursday, June 5th. The stock was sold at an average price of $370.00, for a total value of $17,099,180.00. Following the completion of the transaction, the insider owned 26,413 shares in the company, valued at $9,772,810. This trade represents a 63.63% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Ryan Mcinerney sold 8,630 shares of the firm's stock in a transaction on Tuesday, July 1st. The shares were sold at an average price of $353.82, for a total value of $3,053,466.60. Following the completion of the transaction, the chief executive officer owned 537 shares of the company's stock, valued at approximately $190,001.34. This represents a 94.14% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 89,913 shares of company stock valued at $32,902,432. Company insiders own 0.13% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the company. Wall Street Zen raised Visa from a "hold" rating to a "buy" rating in a report on Monday, May 12th. Truist Financial decreased their price objective on Visa from $400.00 to $397.00 and set a "buy" rating for the company in a report on Thursday, July 17th. Raymond James Financial restated an "outperform" rating on shares of Visa in a research note on Wednesday. Mizuho upgraded Visa from a "neutral" rating to an "outperform" rating and upped their price target for the stock from $359.00 to $425.00 in a research note on Thursday, June 5th. Finally, Oppenheimer upped their price target on Visa from $390.00 to $391.00 and gave the stock an "outperform" rating in a research note on Wednesday, July 2nd. Five investment 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. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $380.84.

Visa Price Performance

NYSE:V traded down $6.66 during trading hours on Friday, hitting $338.81. The company's stock had a trading volume of 8,655,366 shares, compared to its average volume of 5,746,410. The business's 50-day moving average is $355.06 and its two-hundred day moving average is $346.34. The company has a market capitalization of $625.16 billion, a PE ratio of 33.09, a PEG ratio of 2.30 and a beta of 0.94. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.08 and a current ratio of 1.12. Visa Inc. has a 52-week low of $254.51 and a 52-week high of $375.51.

Visa (NYSE:V - Get Free Report) last announced its quarterly earnings results on Tuesday, July 29th. The credit-card processor reported $2.98 earnings per share for the quarter, beating analysts' consensus estimates of $2.85 by $0.13. Visa had a return on equity of 58.93% and a net margin of 52.16%. The business had revenue of $10.17 billion during the quarter, compared to analysts' expectations of $9.82 billion. During the same quarter last year, the business posted $2.42 earnings per share. The business's revenue for the quarter was up 14.3% on a year-over-year basis. As a group, research analysts anticipate that Visa Inc. will post 11.3 EPS for the current fiscal year.

Visa Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 2nd. Stockholders of record on Tuesday, August 12th will be given a $0.59 dividend. The ex-dividend date is Tuesday, August 12th. This represents a $2.36 dividend on an annualized basis and a dividend yield of 0.7%. Visa's dividend payout ratio (DPR) is currently 23.05%.

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.