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Planning Directions Inc. Makes New $857,000 Investment in Visa Inc. (NYSE:V)

Visa logo with Business Services background

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

Institutional Ownership by Quarter for Visa (NYSE:V)

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