Visa Inc. (NYSE:V) is Godsey & Gibb Inc.'s 6th Largest Position

Godsey & Gibb Inc. lessened its holdings in Visa Inc. (NYSE:V - Free Report) by 2.3% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 81,264 shares of the credit-card processor's stock after selling 1,931 shares during the period. Visa comprises about 2.8% of Godsey & Gibb Inc.'s portfolio, making the stock its 6th largest holding. Godsey & Gibb Inc.'s holdings in Visa were worth $28,480,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of V. Blue Rock Wealth Management LLC purchased a new stake in Visa during the 4th quarter worth approximately $306,000. Aptus Capital Advisors LLC increased its stake in Visa by 19.8% during the 4th quarter. Aptus Capital Advisors LLC now owns 182,658 shares of the credit-card processor's stock worth $57,727,000 after buying an additional 30,185 shares in the last quarter. King Wealth Management Group grew its position in shares of Visa by 9.0% in 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 purchasing an additional 6,172 shares in the last quarter. Eagle Strategies LLC grew its position in shares of Visa by 2.5% in the fourth quarter. Eagle Strategies LLC now owns 2,568 shares of the credit-card processor's stock valued at $811,000 after purchasing an additional 63 shares in the last quarter. Finally, Generali Investments CEE investicni spolecnost a.s. purchased a new stake in shares of Visa in the fourth quarter valued at approximately $10,163,000. Hedge funds and other institutional investors own 82.15% of the company's stock.

Insiders Place Their Bets

In other news, CEO Ryan Mcinerney sold 8,620 shares of the company's stock in a transaction on Monday, June 2nd. The stock was sold at an average price of $362.77, for a total transaction of $3,127,077.40. Following the sale, the chief executive officer now owns 537 shares of the company's stock, valued at approximately $194,807.49. This represents a 94.14% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Paul D. Fabara sold 46,214 shares of the company's stock in a transaction on Thursday, June 5th. The stock was sold at an average price of $370.00, for a total value of $17,099,180.00. Following the sale, the insider now directly owns 26,413 shares in the company, valued at $9,772,810. This represents a 63.63% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 168,162 shares of company stock worth $58,645,479 over the last ninety days. Corporate insiders own 0.13% of the company's stock.

Visa Stock Up 1.0%

NYSE:V opened at $370.44 on Friday. 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's fifty day moving average is $345.45 and its two-hundred day moving average is $335.50. Visa Inc. has a 52 week low of $252.70 and a 52 week high of $371.00. The stock has a market capitalization of $683.52 billion, a price-to-earnings ratio of 37.34, a price-to-earnings-growth ratio of 2.33 and a beta of 0.96.

Visa (NYSE:V - Get Free Report) last released its quarterly earnings results on Tuesday, April 29th. The credit-card processor reported $2.76 EPS 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 company had revenue of $9.59 billion for the quarter, compared to analysts' expectations of $9.57 billion. During the same period 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. Research analysts anticipate that Visa Inc. will post 11.3 EPS for the current year.

Visa Announces Dividend

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

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on V. Mizuho upgraded Visa from a "neutral" rating to an "outperform" rating and upped their price target for the company from $359.00 to $425.00 in a research report on Thursday. Jefferies Financial Group upped their price target on Visa from $400.00 to $410.00 and gave the company a "buy" rating in a research report on Tuesday, May 27th. Oppenheimer restated an "outperform" rating on shares of Visa in a research report on Thursday, February 13th. Piper Sandler upped their price target on Visa from $383.00 to $384.00 and gave the company an "overweight" rating in a research report on Wednesday, April 30th. Finally, Keefe, Bruyette & Woods restated a "hold" rating on shares of Visa in a research report on Thursday, February 13th. Five equities research analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Visa presently has an average rating of "Moderate Buy" and an average target price 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.

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