Visa Inc. (NYSE:V) Shares Bought by Rhumbline Advisers

Rhumbline Advisers boosted its stake in shares of Visa Inc. (NYSE:V - Free Report) by 4.1% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 3,445,244 shares of the credit-card processor's stock after acquiring an additional 136,277 shares during the period. Visa accounts for 1.1% of Rhumbline Advisers' portfolio, making the stock its 13th largest holding. Rhumbline Advisers owned approximately 0.19% of Visa worth $1,207,420,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently bought and sold shares of V. Bradley & Co. Private Wealth Management LLC purchased a new position in shares of Visa in the 4th quarter worth $27,000. POM Investment Strategies LLC lifted its holdings in shares of Visa by 48.5% in the 4th quarter. POM Investment Strategies LLC now owns 98 shares of the credit-card processor's stock valued at $31,000 after acquiring an additional 32 shares during the last quarter. Compass Planning Associates Inc bought a new position in shares of Visa in the 4th quarter valued at about $32,000. NewSquare Capital LLC purchased a new position in Visa in the fourth quarter worth about $35,000. Finally, FPC Investment Advisory Inc. increased its stake in Visa by 377.3% during the fourth quarter. FPC Investment Advisory Inc. now owns 105 shares of the credit-card processor's stock worth $36,000 after acquiring an additional 83 shares during the last quarter. 82.15% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

V has been the subject of several analyst reports. Truist Financial assumed coverage on Visa in a research note on Monday. They issued a "buy" rating and a $400.00 price objective for the company. William Blair restated an "outperform" rating on shares of Visa in a report on Wednesday, April 30th. Oppenheimer reaffirmed an "outperform" rating on shares of Visa in a research note on Thursday, February 13th. Barclays boosted their price objective on shares of Visa from $361.00 to $396.00 and gave the company an "overweight" rating in a research report on Monday, February 3rd. Finally, Jefferies Financial Group raised their target price on shares of Visa from $400.00 to $410.00 and gave the stock a "buy" rating in a report on Tuesday, May 27th. Six research analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $367.48.

Insider Transactions at Visa

In related news, insider Paul D. Fabara sold 39,350 shares of the company's stock in a transaction dated Wednesday, March 19th. The stock was sold at an average price of $340.41, for a total transaction of $13,395,133.50. Following the transaction, the insider now directly owns 26,413 shares of the company's stock, valued at $8,991,249.33. This represents a 59.84% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CEO Ryan Mcinerney sold 8,620 shares of the stock in a transaction that occurred on Tuesday, April 1st. The shares were sold at an average price of $350.44, for a total transaction of $3,020,792.80. Following the completion of the transaction, the chief executive officer now directly owns 537 shares of the company's stock, valued at $188,186.28. The trade was a 94.14% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 113,328 shares of company stock valued at $38,419,222 in the last 90 days. Insiders own 0.13% of the company's stock.

Visa Stock Up 0.2%

NYSE V traded up $0.80 during midday trading on Tuesday, hitting $366.12. 5,221,297 shares of the company traded hands, compared to its average volume of 6,996,385. Visa Inc. has a 52 week low of $252.70 and a 52 week high of $369.15. The company's 50-day simple moving average is $343.82 and its 200-day simple moving average is $334.27. The company has a market cap of $675.56 billion, a PE ratio of 36.91, a price-to-earnings-growth ratio of 2.33 and a beta of 0.96. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.12 and a quick ratio of 1.12.

Visa (NYSE:V - Get Free Report) last issued 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. The company had revenue of $9.59 billion for the quarter, compared to the consensus estimate of $9.57 billion. Visa had a return on equity of 54.79% and a net margin of 54.27%. The firm's revenue for the quarter was up 9.3% compared to the same quarter last year. During the same quarter last year, the company earned $2.51 earnings per share. As a group, equities research analysts forecast that Visa Inc. will post 11.3 earnings per share for the current year.

Visa Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 2nd. Stockholders of record on Tuesday, May 13th were given a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a dividend yield of 0.64%. The ex-dividend date was Tuesday, May 13th. Visa's payout ratio is currently 23.72%.

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.