Oak Associates Ltd. OH Grows Position in Visa Inc. $V

Key Points

• Oak Associates Ltd. OH increased its stake in Visa Inc. by 0.5%, owning 147,896 shares valued at approximately $51.83 million, making it Visa's 7th largest shareholder.
• Institutional investors own 82.15% of Visa's stock, with several hedge funds significantly increasing their holdings in the 1st quarter.
• Visa recently announced a $0.59 quarterly dividend to be paid on September 2nd, representing an annualized yield of 0.7%.

Oak Associates Ltd. OH increased its holdings in shares of Visa Inc. (NYSE:V - Free Report) by 0.5% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 147,896 shares of the credit-card processor's stock after acquiring an additional 781 shares during the quarter. Visa comprises about 3.9% of Oak Associates Ltd. OH's investment portfolio, making the stock its 7th largest holding. Oak Associates Ltd. OH's holdings in Visa were worth $51,832,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of V. GAMMA Investing LLC increased its holdings in Visa by 38,416.3% in the 1st quarter. GAMMA Investing LLC now owns 14,761,375 shares of the credit-card processor's stock valued at $5,173,271,000 after buying an additional 14,723,050 shares during the period. Nuveen LLC bought a new position in Visa in the 1st quarter valued at about $3,518,533,000. Universal Beteiligungs und Servicegesellschaft mbH bought a new position in Visa in the 4th quarter valued at about $673,689,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in Visa by 14.9% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 13,321,754 shares of the credit-card processor's stock valued at $4,210,207,000 after buying an additional 1,723,785 shares during the period. Finally, Vanguard Group Inc. increased its holdings in Visa by 1.1% in the 1st quarter. Vanguard Group Inc. now owns 161,082,431 shares of the credit-card processor's stock valued at $56,452,949,000 after buying an additional 1,677,088 shares during the period. 82.15% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms have commented on V. Wall Street Zen raised shares of Visa from a "hold" rating to a "buy" rating in a report on Monday, May 12th. The Goldman Sachs Group assumed coverage on shares of Visa in a report on Monday, June 2nd. They issued a "neutral" rating on the stock. Oppenheimer lifted their price target on shares of Visa from $390.00 to $391.00 and gave the company an "outperform" rating in a report on Wednesday, July 2nd. Piper Sandler lifted their price target on shares of Visa from $383.00 to $384.00 and gave the company an "overweight" rating in a report on Wednesday, April 30th. Finally, William Blair reaffirmed an "outperform" rating on shares of Visa in a report on Wednesday, April 30th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat.com, Visa has an average rating of "Moderate Buy" and an average price target of $380.84.

Insider Buying and Selling

In related news, CEO Ryan Mcinerney sold 8,630 shares of Visa stock in a transaction that occurred on Tuesday, July 1st. The shares were sold at an average price of $353.82, for a total transaction of $3,053,466.60. Following the sale, the chief executive officer directly owned 537 shares in the company, valued at $190,001.34. This trade represents a 94.14% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Paul D. Fabara sold 11,636 shares of Visa stock in a transaction that occurred on 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 sale, the insider owned 26,413 shares in the company, valued at approximately $9,904,875. This represents a 30.58% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 77,127 shares of company stock worth $28,340,553 in the last ninety days. Company insiders own 0.13% of the company's stock.

Visa Stock Down 0.1%

NYSE:V opened at $350.72 on Thursday. The firm's 50 day simple moving average is $347.87 and its 200 day simple moving average is $347.44. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.12 and a quick ratio of 1.12. Visa Inc. has a one year low of $267.67 and a one year high of $375.51. The company has a market cap of $642.80 billion, a PE ratio of 34.25, a P/E/G ratio of 2.34 and a beta of 0.94.

Visa (NYSE:V - Get Free Report) last posted 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. Visa had a net margin of 52.16% and a return on equity of 58.93%. The business had revenue of $10.17 billion for the quarter, compared to the consensus estimate of $9.82 billion. During the same period last year, the company earned $2.42 EPS. The firm's revenue was up 14.3% compared to the same quarter last year. On average, research analysts anticipate that Visa Inc. will post 11.3 earnings per share for the current year.

Visa Dividend Announcement

The firm also recently announced 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 annualized dividend and a yield of 0.7%. Visa's dividend payout ratio (DPR) is currently 23.05%.

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.

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