Visa Inc. (NYSE:V) Shares Purchased by Thurston Springer Miller Herd & Titak Inc.

Thurston Springer Miller Herd & Titak Inc. boosted its holdings in Visa Inc. (NYSE:V - Free Report) by 41.1% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,478 shares of the credit-card processor's stock after purchasing an additional 1,305 shares during the quarter. Thurston Springer Miller Herd & Titak Inc.'s holdings in Visa were worth $1,571,000 as of its most recent SEC filing.

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

Insider Activity

In other Visa news, CEO Ryan Mcinerney sold 8,620 shares of Visa stock in a transaction dated 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 owns 537 shares in the company, valued at approximately $188,186.28. The trade was a 94.14% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Paul D. Fabara sold 39,350 shares of Visa 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 owns 26,413 shares of the company's stock, valued at approximately $8,991,249.33. The trade was a 59.84% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 168,162 shares of company stock worth $58,645,479. Company insiders own 0.13% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. Citigroup assumed coverage on shares of Visa in a research note on Monday, June 2nd. They set a "buy" rating for the company. William Blair reiterated an "outperform" rating on shares of Visa in a research note on Wednesday, April 30th. The Goldman Sachs Group initiated coverage on shares of Visa in a research note on Monday, June 2nd. They set a "neutral" rating for the company. Macquarie decreased their target price 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. Finally, Jefferies Financial Group increased their price objective on Visa from $400.00 to $410.00 and gave the stock a "buy" rating in a research report on Tuesday, May 27th. 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. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $372.80.

Visa Price Performance

Visa stock traded up $3.67 during midday trading on Friday, reaching $370.44. The company's stock had a trading volume of 5,007,822 shares, compared to its average volume of 7,022,138. Visa Inc. has a fifty-two week low of $252.70 and a fifty-two week high of $371.00. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.12 and a current ratio of 1.12. The stock's 50 day simple moving average is $345.45 and its 200 day simple moving average is $335.70. The firm has a market capitalization of $683.52 billion, a PE ratio of 37.34, a P/E/G ratio of 2.33 and a beta of 0.94.

Visa (NYSE:V - Get Free Report) last announced its quarterly earnings data on Tuesday, April 29th. The credit-card processor reported $2.76 EPS for the quarter, beating the consensus estimate 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 last year, the business earned $2.51 earnings per share. The business's revenue for the quarter was up 9.3% compared to the same quarter last year. On average, equities research analysts forecast that Visa Inc. will post 11.3 earnings per share for the current year.

Visa Dividend Announcement

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

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.