Visa Inc. (NYSE:V) Shares Acquired by RMR Wealth Builders

RMR Wealth Builders raised its stake in shares of Visa Inc. (NYSE:V - Free Report) by 8.5% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 17,234 shares of the credit-card processor's stock after purchasing an additional 1,349 shares during the quarter. Visa comprises 0.6% of RMR Wealth Builders' holdings, making the stock its 26th biggest position. RMR Wealth Builders' holdings in Visa were worth $6,040,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also bought and sold shares of the company. Blue Rock Wealth Management LLC acquired a new stake in shares of Visa in the fourth quarter worth $306,000. Aptus Capital Advisors LLC grew its position in Visa by 19.8% during the fourth quarter. Aptus Capital Advisors LLC now owns 182,658 shares of the credit-card processor's stock valued at $57,727,000 after buying an additional 30,185 shares during the period. King Wealth Management Group grew its position in Visa by 9.0% during the fourth quarter. King Wealth Management Group now owns 74,874 shares of the credit-card processor's stock valued at $23,663,000 after buying an additional 6,172 shares during the period. Eagle Strategies LLC grew its position in Visa by 2.5% during the fourth quarter. Eagle Strategies LLC now owns 2,568 shares of the credit-card processor's stock valued at $811,000 after buying an additional 63 shares during the period. Finally, Generali Investments CEE investicni spolecnost a.s. acquired a new stake in Visa during the fourth quarter valued at $10,163,000. Institutional investors and hedge funds own 82.15% of the company's stock.

Visa Trading Down 5.0%

Shares of V traded down $18.65 during trading on Friday, reaching $352.75. 14,176,249 shares of the company traded hands, compared to its average volume of 7,023,528. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.45. The stock has a market cap of $650.87 billion, a PE ratio of 35.56, a price-to-earnings-growth ratio of 2.33 and a beta of 0.94. The stock has a 50-day simple moving average of $348.87 and a 200-day simple moving average of $337.17. Visa Inc. has a twelve month low of $252.70 and a twelve month high of $375.51.

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 net margin of 54.27% and a return on equity of 54.79%. The firm had revenue of $9.59 billion during the quarter, compared to analysts' expectations of $9.57 billion. During the same quarter in the previous year, the business posted $2.51 earnings per share. The business's quarterly revenue was up 9.3% compared to the same quarter last year. On average, analysts anticipate that Visa Inc. will post 11.3 earnings per share for the current year.

Visa Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 2nd. Investors of record on Tuesday, May 13th were paid a $0.59 dividend. The ex-dividend date of this dividend was Tuesday, May 13th. This represents a $2.36 dividend on an annualized basis and a yield of 0.67%. Visa's dividend payout ratio is currently 23.72%.

Analyst Ratings Changes

Several equities analysts have issued reports on the stock. Truist Financial assumed coverage on shares of Visa in a report on Monday, June 2nd. They set a "buy" rating and a $400.00 price objective on the stock. Oppenheimer reaffirmed an "outperform" rating on shares of Visa in a report on Thursday, February 13th. The Goldman Sachs Group assumed coverage on shares of Visa in a report on Monday, June 2nd. They set a "neutral" rating on the stock. Piper Sandler increased their price objective 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, Evercore ISI began coverage on shares of Visa in a research note on Wednesday, April 9th. They issued an "in-line" rating and a $330.00 price target on the stock. Five investment analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $372.80.

Insider Buying and Selling

In related news, insider Paul D. Fabara sold 39,350 shares of the company's stock in a transaction on Wednesday, March 19th. The shares were sold at an average price of $340.41, for a total value of $13,395,133.50. Following the completion of the sale, the insider now owns 26,413 shares in the company, valued at $8,991,249.33. This represents a 59.84% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Ryan Mcinerney sold 8,620 shares of the company's stock in a transaction on Monday, June 2nd. The shares were sold at an average price of $362.77, for a total transaction of $3,127,077.40. Following the completion of the sale, the chief executive officer now owns 537 shares of the company's stock, valued at approximately $194,807.49. This trade represents a 94.14% decrease in their position. The disclosure for this sale can be found here. Insiders sold 140,448 shares of company stock worth $50,133,659 over the last 90 days. 0.13% of the stock is owned by insiders.

Visa 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.