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

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

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

Insider Buying and Selling

In other Visa news, CEO Ryan Mcinerney sold 8,620 shares of the firm's stock in a transaction 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. This trade represents a 94.14% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Paul D. Fabara sold 39,350 shares of the company's stock in a transaction that occurred 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 sale, the insider now owns 26,413 shares in the company, valued at $8,991,249.33. The trade was a 59.84% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 140,448 shares of company stock valued at $50,133,659 in the last quarter. Company insiders own 0.13% of the company's stock.

Visa Stock Up 0.7%

Shares of NYSE:V traded up $2.38 during midday trading on Monday, hitting $355.23. 7,169,140 shares of the company's stock traded hands, compared to its average volume of 7,018,287. The firm's fifty day moving average price is $349.76 and its two-hundred day moving average price is $337.77. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.12 and a current ratio of 1.12. Visa Inc. has a twelve month low of $252.70 and a twelve month high of $375.51. The company has a market cap of $655.46 billion, a PE ratio of 35.81, a P/E/G ratio of 2.33 and a beta of 0.94.

Visa (NYSE:V - Get Free Report) last released its quarterly earnings results on Tuesday, April 29th. The credit-card processor reported $2.76 earnings per share for the quarter, topping 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 firm had revenue of $9.59 billion during the quarter, compared to analysts' expectations of $9.57 billion. During the same quarter in the prior year, the business earned $2.51 EPS. Visa's quarterly revenue was up 9.3% compared to the same quarter last year. On average, equities research analysts anticipate that Visa Inc. will post 11.3 EPS for the current fiscal year.

Visa Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, June 2nd. Investors of record on Tuesday, May 13th were issued a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a yield of 0.66%. The ex-dividend date was Tuesday, May 13th. Visa's payout ratio is 23.72%.

Wall Street Analyst Weigh In

Several brokerages have commented on V. Susquehanna restated a "positive" rating on shares of Visa in a research report on Friday, March 21st. Wall Street Zen raised shares of Visa from a "hold" rating to a "buy" rating in a report on Monday, May 12th. Jefferies Financial Group boosted their price target on Visa from $400.00 to $410.00 and gave the stock a "buy" rating in a research note on Tuesday, May 27th. William Blair reaffirmed an "outperform" rating on shares of Visa in a report on Wednesday, April 30th. Finally, BMO Capital Markets boosted their target price on Visa from $370.00 to $380.00 and gave the stock an "outperform" rating in a research report on Wednesday, April 30th. Five analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $372.80.

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.