Transcend Capital Advisors LLC Buys 1,953 Shares of Visa Inc. (NYSE:V)

Transcend Capital Advisors LLC grew its stake in Visa Inc. (NYSE:V - Free Report) by 6.4% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 32,362 shares of the credit-card processor's stock after acquiring an additional 1,953 shares during the period. Visa accounts for about 0.8% of Transcend Capital Advisors LLC's investment portfolio, making the stock its 20th biggest position. Transcend Capital Advisors LLC's holdings in Visa were worth $11,342,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of V. Sovereign Investment Advisors LLC bought a new position in shares of Visa in the fourth quarter worth about $424,000. Brighton Jones LLC raised its stake in shares of Visa by 50.1% during the fourth quarter. Brighton Jones LLC now owns 20,635 shares of the credit-card processor's stock worth $6,522,000 after buying an additional 6,883 shares during the last quarter. Revolve Wealth Partners LLC raised its stake in shares of Visa by 68.9% during the fourth quarter. Revolve Wealth Partners LLC now owns 11,811 shares of the credit-card processor's stock worth $3,733,000 after buying an additional 4,817 shares during the last quarter. Leverage Partners Absolute Return Fund SPC bought a new stake in shares of Visa during the fourth quarter worth approximately $204,000. Finally, SOA Wealth Advisors LLC. raised its stake in shares of Visa by 7.0% during the fourth quarter. SOA Wealth Advisors LLC. now owns 2,855 shares of the credit-card processor's stock worth $902,000 after buying an additional 187 shares during the last quarter. 82.15% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, CEO Ryan Mcinerney sold 8,620 shares of the stock in a transaction on Thursday, May 1st. The shares were sold at an average price of $345.58, for a total transaction of $2,978,899.60. Following the completion of the transaction, the chief executive officer now owns 537 shares in the company, valued at approximately $185,576.46. This represents a 94.14% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, General Counsel Julie B. Rottenberg sold 2,575 shares of the stock in a transaction on Thursday, May 1st. The stock was sold at an average price of $345.58, for a total transaction of $889,868.50. Following the transaction, the general counsel now owns 11,925 shares of the company's stock, valued at $4,121,041.50. The trade was a 17.76% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 101,098 shares of company stock worth $36,738,526. 0.13% of the stock is owned by insiders.

Analyst Ratings Changes

A number of research firms recently weighed in on V. Mizuho raised shares of Visa from a "neutral" rating to an "outperform" rating and boosted their price target for the stock from $359.00 to $425.00 in a research note on Thursday, June 5th. Jefferies Financial Group boosted their price target on shares of Visa from $400.00 to $410.00 and gave the stock a "buy" rating in a research note on Tuesday, May 27th. UBS Group boosted their price target on shares of Visa from $395.00 to $405.00 and gave the stock a "buy" rating in a research note on Wednesday, May 28th. Macquarie dropped their price target 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, Citigroup assumed coverage on shares of Visa in a research note on Monday, June 2nd. They issued a "buy" rating for the company. Five investment analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $372.80.

Visa Stock Up 0.9%

Shares of V stock opened at $349.13 on Friday. The firm has a fifty day moving average of $353.30 and a 200-day moving average of $340.01. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 0.45. Visa Inc. has a 12-month low of $252.70 and a 12-month high of $375.51. The company has a market capitalization of $644.20 billion, a price-to-earnings ratio of 35.09, a P/E/G ratio of 2.34 and a beta of 0.94.

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 (EPS) for the quarter, topping the consensus estimate of $2.68 by $0.08. Visa had a net margin of 52.86% and a return on equity of 56.28%. The company had revenue of $9.59 billion during the quarter, compared to the consensus estimate of $9.57 billion. During the same quarter in the prior year, the firm earned $2.51 earnings per share. The firm's revenue was up 9.3% compared to the same quarter last year. As a group, equities research analysts predict that Visa Inc. will post 11.3 earnings per share for the current fiscal year.

Visa Dividend Announcement

The firm also recently announced 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 annualized dividend and a yield of 0.68%. The ex-dividend date was Tuesday, May 13th. Visa's payout ratio is 23.72%.

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.

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