Roundview Capital LLC Acquires 2,991 Shares of Visa Inc. (NYSE:V)

Roundview Capital LLC boosted its holdings in Visa Inc. (NYSE:V - Free Report) by 6.6% during the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 48,136 shares of the credit-card processor's stock after purchasing an additional 2,991 shares during the quarter. Visa comprises 1.2% of Roundview Capital LLC's portfolio, making the stock its 17th largest position. Roundview Capital LLC's holdings in Visa were worth $16,870,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. von Borstel & Associates Inc. bought a new stake in Visa during the 1st quarter valued at about $27,000. Sellwood Investment Partners LLC purchased a new stake in shares of Visa during the fourth quarter valued at approximately $41,000. Measured Risk Portfolios Inc. bought a new stake in shares of Visa during the fourth quarter valued at approximately $47,000. O Brien Wealth Partners LLC purchased a new position in Visa in the 1st quarter worth approximately $54,000. Finally, Global X Japan Co. Ltd. purchased a new position in Visa in the 1st quarter worth approximately $56,000. Institutional investors own 82.15% of the company's stock.

Analyst Ratings Changes

V has been the subject of a number of research analyst reports. Jefferies Financial Group lifted their target price on Visa from $400.00 to $410.00 and gave the stock a "buy" rating in a report on Tuesday, May 27th. Deutsche Bank Aktiengesellschaft began coverage on Visa in a research report on Thursday, July 17th. They set a "buy" rating and a $410.00 price objective on the stock. Truist Financial lowered their target price on shares of Visa from $400.00 to $397.00 and set a "buy" rating on the stock in a research note on Thursday, July 17th. BMO Capital Markets raised their price target on shares of Visa from $370.00 to $380.00 and gave the company an "outperform" rating in a report on Wednesday, April 30th. Finally, Wall Street Zen raised shares of Visa from a "hold" rating to a "buy" rating in a report on Monday, May 12th. Five analysts have rated the stock with a hold rating, twenty-three have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $375.52.

Visa Price Performance

Shares of NYSE V traded down $0.99 during mid-day trading on Thursday, reaching $354.30. The company's stock had a trading volume of 5,882,734 shares, compared to its average volume of 6,597,131. The stock has a fifty day moving average of $356.62 and a two-hundred day moving average of $344.40. The firm has a market capitalization of $653.74 billion, a PE ratio of 35.61, a P/E/G ratio of 2.38 and a beta of 0.92. Visa Inc. has a 52 week low of $252.70 and a 52 week high of $375.51. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.08 and a quick ratio of 1.08.

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 (EPS) for the quarter, beating analysts' consensus estimates of $2.68 by $0.08. The business had revenue of $9.59 billion during the quarter, compared to analyst estimates of $9.57 billion. Visa had a net margin of 52.86% and a return on equity of 56.28%. The company's revenue was up 9.3% on a year-over-year basis. During the same period last year, the firm posted $2.51 EPS. As a group, sell-side analysts anticipate 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. Shareholders of record on Tuesday, May 13th were paid a $0.59 dividend. This represents a $2.36 annualized dividend and a yield of 0.67%. The ex-dividend date of this dividend was Tuesday, May 13th. Visa's payout ratio is currently 23.72%.

Insider Activity

In related news, General Counsel Julie B. Rottenberg sold 2,575 shares of the business's stock in a transaction dated Thursday, May 1st. The stock was sold at an average price of $345.58, for a total value of $889,868.50. Following the sale, the general counsel directly owned 11,925 shares in the company, valued at approximately $4,121,041.50. The trade was a 17.76% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Ryan Mcinerney sold 8,630 shares of the firm's stock in a transaction that occurred on Tuesday, July 1st. The shares were sold at an average price of $353.82, for a total value of $3,053,466.60. Following the transaction, the chief executive officer owned 537 shares of the company's stock, valued at $190,001.34. This represents a 94.14% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 101,108 shares of company stock worth $36,771,200 over the last 90 days. Corporate insiders own 0.13% of the company's stock.

About Visa

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.