Parallel Advisors LLC Increases Stock Position in Visa Inc. (NYSE:V)

Parallel Advisors LLC grew its holdings in Visa Inc. (NYSE:V - Free Report) by 3.9% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 80,793 shares of the credit-card processor's stock after acquiring an additional 3,049 shares during the period. Visa comprises approximately 0.6% of Parallel Advisors LLC's portfolio, making the stock its 23rd largest position. Parallel Advisors LLC's holdings in Visa were worth $28,312,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the business. Capital & Planning LLC grew its stake in shares of Visa by 21.2% during the fourth quarter. Capital & Planning LLC now owns 949 shares of the credit-card processor's stock worth $300,000 after purchasing an additional 166 shares in the last quarter. Sovereign Investment Advisors LLC acquired a new position in shares of Visa during the 4th quarter worth about $424,000. Brighton Jones LLC boosted its holdings in Visa by 50.1% in the fourth quarter. Brighton Jones LLC now owns 20,635 shares of the credit-card processor's stock valued at $6,522,000 after purchasing an additional 6,883 shares in the last quarter. Union Bancaire Privee UBP SA acquired a new position in shares of Visa in the 4th quarter valued at $202,074,000. Finally, Atticus Wealth Management LLC boosted its holdings in shares of Visa by 2.6% in the 4th quarter. Atticus Wealth Management LLC now owns 3,818 shares of the credit-card processor's stock valued at $1,207,000 after buying an additional 95 shares in the last quarter. Institutional investors and hedge funds own 82.15% of the company's stock.

Visa Stock Performance

Shares of NYSE:V traded up $3.03 during midday trading on Friday, hitting $365.43. The stock had a trading volume of 8,725,642 shares, compared to its average volume of 7,016,173. The company has a market capitalization of $674.28 billion, a PE ratio of 36.84, a P/E/G ratio of 2.33 and a beta of 0.96. The stock has a 50 day moving average price of $343.40 and a two-hundred day moving average price of $333.54. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.45. Visa Inc. has a 1 year low of $252.70 and a 1 year high of $369.15.

Visa (NYSE:V - Get Free Report) last announced its quarterly earnings data on Tuesday, April 29th. The credit-card processor reported $2.76 earnings per share for the quarter, beating analysts' consensus estimates of $2.68 by $0.08. Visa had a return on equity of 54.79% and a net margin of 54.27%. The company had revenue of $9.59 billion for the quarter, compared to analyst estimates of $9.57 billion. During the same quarter in the previous year, the company earned $2.51 EPS. The firm's revenue for the quarter was up 9.3% compared to the same quarter last year. As a group, equities analysts predict that Visa Inc. will post 11.3 earnings per share for the current fiscal year.

Visa Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 2nd. Investors of record on Tuesday, May 13th will be paid a $0.59 dividend. The ex-dividend date of this dividend is Tuesday, May 13th. This represents a $2.36 dividend on an annualized basis and a dividend yield of 0.65%. Visa's dividend payout ratio (DPR) is presently 23.72%.

Analyst Ratings Changes

Several equities analysts have issued reports on V shares. JPMorgan Chase & Co. upped their price objective on shares of Visa from $340.00 to $375.00 and gave the company an "overweight" rating in a research note on Friday, January 31st. Macquarie dropped their price objective on Visa from $400.00 to $380.00 and set an "outperform" rating on the stock in a report on Wednesday, April 30th. Keefe, Bruyette & Woods restated a "hold" rating on shares of Visa in a research note on Thursday, February 13th. Barclays raised their price target on Visa from $361.00 to $396.00 and gave the stock an "overweight" rating in a research note on Monday, February 3rd. Finally, Susquehanna restated a "positive" rating on shares of Visa in a research note on Friday, March 21st. Six equities research analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Visa has a consensus rating of "Moderate Buy" and an average target price of $366.13.

Insiders Place Their Bets

In other news, insider Paul D. Fabara sold 39,350 shares of the business's stock in a transaction that occurred on Friday, March 14th. The stock was sold at an average price of $327.20, for a total transaction of $12,875,320.00. Following the sale, the insider now owns 26,413 shares of the company's stock, valued at $8,642,333.60. The trade was a 59.84% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Ryan Mcinerney sold 8,620 shares of the business's stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $363.00, for a total value of $3,129,060.00. Following the sale, the chief executive officer now owns 537 shares in the company, valued at approximately $194,931. The trade was a 94.14% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 121,948 shares of company stock worth $41,548,282. Corporate insiders own 0.13% of the company's stock.

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.