Mayport LLC Purchases 963 Shares of Visa Inc. (NYSE:V)

Mayport LLC raised its position in Visa Inc. (NYSE:V - Free Report) by 96.8% during the first quarter, according to its most recent filing with the SEC. The firm owned 1,958 shares of the credit-card processor's stock after purchasing an additional 963 shares during the period. Mayport LLC's holdings in Visa were worth $686,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of V. Hirtle Callaghan & Co LLC grew its stake in shares of Visa by 1.3% in the 4th quarter. Hirtle Callaghan & Co LLC now owns 2,291 shares of the credit-card processor's stock worth $724,000 after acquiring an additional 29 shares in the last quarter. FWL Investment Management LLC lifted its position in shares of Visa by 0.5% during the fourth quarter. FWL Investment Management LLC now owns 6,344 shares of the credit-card processor's stock valued at $2,005,000 after purchasing an additional 29 shares in the last quarter. Strategic Family Wealth Counselors L.L.C. boosted its holdings in Visa by 0.4% during the fourth quarter. Strategic Family Wealth Counselors L.L.C. now owns 7,283 shares of the credit-card processor's stock worth $2,302,000 after purchasing an additional 30 shares during the last quarter. Capstone Financial Advisors Inc. boosted its holdings in Visa by 3.6% during the fourth quarter. Capstone Financial Advisors Inc. now owns 872 shares of the credit-card processor's stock worth $276,000 after purchasing an additional 30 shares during the last quarter. Finally, Headinvest LLC grew its position in Visa by 0.8% in the 4th quarter. Headinvest LLC now owns 4,003 shares of the credit-card processor's stock worth $1,265,000 after purchasing an additional 30 shares in the last quarter. 82.15% of the stock is owned by institutional investors.

Visa Stock Performance

Shares of V opened at $338.04 on Friday. Visa Inc. has a 52-week low of $252.70 and a 52-week high of $375.51. The stock's 50-day simple moving average is $351.78 and its 200 day simple moving average is $338.54. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.08 and a current ratio of 1.08. The stock has a market capitalization of $623.73 billion, a price-to-earnings ratio of 33.97, a price-to-earnings-growth ratio of 2.29 and a beta of 0.94.

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

Visa Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 2nd. Shareholders of record on Tuesday, May 13th were issued a $0.59 dividend. This represents a $2.36 annualized dividend and a yield of 0.70%. The ex-dividend date was Tuesday, May 13th. Visa's payout ratio is 23.72%.

Analysts Set New Price Targets

Several equities analysts have commented on V shares. UBS Group lifted their target price on shares of Visa from $395.00 to $405.00 and gave the stock a "buy" rating in a research report on Wednesday, May 28th. BMO Capital Markets increased their price target on Visa from $370.00 to $380.00 and gave the company an "outperform" rating in a research report on Wednesday, April 30th. Barclays reiterated an "overweight" rating on shares of Visa in a report on Friday, June 13th. Piper Sandler boosted their price objective on Visa from $383.00 to $384.00 and gave the stock an "overweight" rating in a research report on Wednesday, April 30th. Finally, Jefferies Financial Group raised their target price on Visa from $400.00 to $410.00 and gave the company a "buy" rating in a research report on Tuesday, May 27th. Five analysts have rated the stock with a hold rating, twenty-three have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $372.80.

Insider Activity

In other news, insider Paul D. Fabara sold 11,636 shares of Visa stock in a transaction dated Wednesday, June 11th. The stock was sold at an average price of $375.00, for a total transaction of $4,363,500.00. Following the completion of the sale, the insider now owns 26,413 shares in the company, valued at approximately $9,904,875. This trade represents a 30.58% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Ryan Mcinerney sold 8,620 shares of the business's stock in a transaction dated 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 transaction, the chief executive officer now directly owns 537 shares of the company's stock, valued at $194,807.49. The trade was a 94.14% decrease in their position. The disclosure for this sale can be found here. Insiders sold 101,098 shares of company stock worth $36,738,526 in the last three months. Corporate insiders own 0.13% of the company's stock.

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.

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