Mesirow Financial Investment Management Inc. raised its stake in Visa Inc. (NYSE:V - Free Report) by 8.7% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 31,959 shares of the credit-card processor's stock after acquiring an additional 2,560 shares during the quarter. Mesirow Financial Investment Management Inc.'s holdings in Visa were worth $11,203,000 at the end of the most recent reporting period.
Other large investors also recently bought and sold shares of the company. Arkadios Wealth Advisors raised its stake in shares of Visa by 68.7% during the 1st quarter. Arkadios Wealth Advisors now owns 30,254 shares of the credit-card processor's stock worth $10,603,000 after buying an additional 12,318 shares during the period. Eastern Bank raised its stake in Visa by 2.9% in the 1st quarter. Eastern Bank now owns 343,625 shares of the credit-card processor's stock valued at $120,427,000 after purchasing an additional 9,565 shares during the last quarter. Vestcor Inc raised its stake in Visa by 5.4% in the 1st quarter. Vestcor Inc now owns 63,526 shares of the credit-card processor's stock valued at $22,263,000 after purchasing an additional 3,237 shares during the last quarter. Independence Financial Advisors LLC acquired a new position in Visa in the 1st quarter valued at $204,000. Finally, Harvest Fund Management Co. Ltd raised its stake in Visa by 221.5% in the 1st quarter. Harvest Fund Management Co. Ltd now owns 39,963 shares of the credit-card processor's stock valued at $13,577,000 after purchasing an additional 27,531 shares during the last quarter. 82.15% of the stock is owned by institutional investors and hedge funds.
Visa Stock Performance
Shares of V traded down $6.66 during mid-day trading on Friday, hitting $338.81. The stock had a trading volume of 8,655,366 shares, compared to its average volume of 6,632,218. The company has a market cap of $625.16 billion, a PE ratio of 33.09, a PEG ratio of 2.36 and a beta of 0.92. The company's fifty day simple moving average is $355.36 and its two-hundred day simple moving average is $346.13. The company has a quick ratio of 1.08, a current ratio of 1.12 and a debt-to-equity ratio of 0.52. Visa Inc. has a fifty-two week low of $254.51 and a fifty-two week high of $375.51.
Visa (NYSE:V - Get Free Report) last issued its earnings results on Tuesday, July 29th. The credit-card processor reported $2.98 EPS for the quarter, topping the consensus estimate of $2.85 by $0.13. The company had revenue of $10.17 billion during the quarter, compared to analyst estimates of $9.82 billion. Visa had a return on equity of 58.93% and a net margin of 52.16%. The business's revenue was up 14.3% on a year-over-year basis. During the same quarter last year, the firm earned $2.42 EPS. On average, equities analysts expect that Visa Inc. will post 11.3 earnings per share for the current year.
Visa Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 2nd. Investors of record on Tuesday, August 12th will be given a dividend of $0.59 per share. The ex-dividend date is Tuesday, August 12th. This represents a $2.36 dividend on an annualized basis and a yield of 0.7%. Visa's payout ratio is currently 23.05%.
Analyst Ratings Changes
Several research analysts recently commented on the company. Raymond James Financial reissued an "outperform" rating on shares of Visa in a research note on Wednesday. Piper Sandler increased 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. Morgan Stanley increased their price objective on Visa from $386.00 to $402.00 and gave the company an "overweight" rating in a research note on Wednesday. Macquarie upped their target price on Visa from $380.00 to $425.00 and gave the company an "outperform" rating in a report on Thursday. Finally, Mizuho upgraded Visa from a "neutral" rating to an "outperform" rating and upped their target price for the company from $359.00 to $425.00 in a report on Thursday, June 5th. Five investment analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $380.84.
Get Our Latest Stock Analysis on V
Insider Buying and Selling
In related news, CEO Ryan Mcinerney sold 8,630 shares of the business's stock in a transaction that occurred on Tuesday, July 1st. The stock was sold at an average price of $353.82, for a total transaction of $3,053,466.60. Following the completion of the transaction, the chief executive officer owned 537 shares in the company, valued at $190,001.34. The trade was a 94.14% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Paul D. Fabara sold 46,214 shares of the business's stock in a transaction that occurred on Thursday, June 5th. The shares were sold at an average price of $370.00, for a total value of $17,099,180.00. Following the transaction, the insider owned 26,413 shares of the company's stock, valued at $9,772,810. This represents a 63.63% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 89,913 shares of company stock valued at $32,902,432 in the last 90 days. Insiders own 0.13% of the company's stock.
Visa Company Profile
(
Free Report)
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.
See Also
Before you consider Visa, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Visa wasn't on the list.
While Visa currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.
Get This Free Report
