Planning Directions Inc. acquired a new stake in Visa Inc. (NYSE:V - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 2,445 shares of the credit-card processor's stock, valued at approximately $857,000.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Capital Management Associates Inc boosted its holdings in shares of Visa by 93.8% in the 1st quarter. Capital Management Associates Inc now owns 2,418 shares of the credit-card processor's stock valued at $847,000 after buying an additional 1,170 shares in the last quarter. Beverly Hills Private Wealth LLC boosted its holdings in shares of Visa by 2.7% in the 1st quarter. Beverly Hills Private Wealth LLC now owns 15,218 shares of the credit-card processor's stock valued at $5,333,000 after buying an additional 393 shares in the last quarter. Interchange Capital Partners LLC boosted its holdings in shares of Visa by 2.6% in the 1st quarter. Interchange Capital Partners LLC now owns 6,383 shares of the credit-card processor's stock valued at $2,237,000 after buying an additional 160 shares in the last quarter. Crossmark Global Holdings Inc. boosted its holdings in shares of Visa by 10.8% in the 1st quarter. Crossmark Global Holdings Inc. now owns 190,333 shares of the credit-card processor's stock valued at $66,704,000 after buying an additional 18,479 shares in the last quarter. Finally, Synergy Investment Management LLC boosted its holdings in shares of Visa by 5.3% in the 1st quarter. Synergy Investment Management LLC now owns 597 shares of the credit-card processor's stock valued at $209,000 after buying an additional 30 shares in the last quarter. Hedge funds and other institutional investors own 82.15% of the company's stock.
Insider Buying and Selling at Visa
In other Visa news, CEO Ryan Mcinerney sold 8,630 shares of the stock in a transaction 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 transaction, the chief executive officer directly owned 537 shares in the company, valued at $190,001.34. This represents a 94.14% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Paul D. Fabara sold 46,214 shares of the stock in a transaction on Thursday, June 5th. The shares were sold at an average price of $370.00, for a total transaction of $17,099,180.00. Following 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 disclosure for this sale can be found here. Insiders have sold 101,108 shares of company stock worth $36,771,200 in the last ninety days. 0.13% of the stock is owned by insiders.
Visa Stock Down 0.4%
Shares of NYSE V traded down $1.52 during trading on Thursday, reaching $356.24. 2,242,727 shares of the stock were exchanged, compared to its average volume of 6,663,175. The business's 50-day moving average price is $356.66 and its 200 day moving average price is $342.11. Visa Inc. has a twelve month low of $252.70 and a twelve month high of $375.51. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 0.45. The company has a market capitalization of $657.32 billion, a price-to-earnings ratio of 35.80, a price-to-earnings-growth ratio of 2.40 and a beta of 0.92.
Visa (NYSE:V - Get Free Report) last posted its earnings results on Tuesday, April 29th. The credit-card processor reported $2.76 EPS for the quarter, topping analysts' consensus estimates of $2.68 by $0.08. Visa had a net margin of 52.86% and a return on equity of 56.28%. The business had revenue of $9.59 billion for the quarter, compared to analysts' expectations of $9.57 billion. During the same period in the previous year, the company posted $2.51 earnings per share. The business's revenue for the quarter was up 9.3% compared to the same quarter last year. As a group, equities analysts forecast that Visa Inc. will post 11.3 EPS for the current fiscal year.
Visa Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Monday, June 2nd. Investors of record on Tuesday, May 13th were issued a $0.59 dividend. The ex-dividend date of this dividend was Tuesday, May 13th. This represents a $2.36 annualized dividend and a yield of 0.66%. Visa's dividend payout ratio is presently 23.72%.
Analyst Ratings Changes
A number of analysts recently weighed in on the stock. Wall Street Zen upgraded shares of Visa from a "hold" rating to a "buy" rating in a research note on Monday, May 12th. Macquarie decreased their price target on shares of Visa from $400.00 to $380.00 and set an "outperform" rating for the company in a research note on Wednesday, April 30th. William Blair reiterated an "outperform" rating on shares of Visa in a research note on Wednesday, April 30th. Citigroup assumed coverage on shares of Visa in a research note on Monday, June 2nd. They set a "buy" rating for the company. Finally, Truist Financial assumed coverage on shares of Visa in a research note on Monday, June 2nd. They set a "buy" rating and a $400.00 price target for the company. Five equities research analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $372.84.
Get Our Latest Stock Report on V
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.
Further Reading
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
MarketBeat's analysts have just released their top five short plays for July 2025. Learn which stocks have the most short interest and how to trade them. Enter your email address to see which companies made the list.
Get This Free Report
