Visa Inc. (NYSE:V) Holdings Lifted by Horizon Investment Services LLC

Horizon Investment Services LLC grew its holdings in Visa Inc. (NYSE:V - Free Report) by 7.6% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,038 shares of the credit-card processor's stock after purchasing an additional 1,197 shares during the quarter. Visa comprises approximately 2.9% of Horizon Investment Services LLC's portfolio, making the stock its 7th largest holding. Horizon Investment Services LLC's holdings in Visa were worth $5,971,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in V. von Borstel & Associates Inc. acquired a new position in Visa during the first quarter valued at approximately $27,000. Sellwood Investment Partners LLC acquired a new stake in shares of Visa during the 4th quarter valued at approximately $41,000. Mountain Hill Investment Partners Corp. acquired a new stake in shares of Visa during the 4th quarter valued at approximately $47,000. Measured Risk Portfolios Inc. acquired a new stake in Visa in the fourth quarter worth $47,000. Finally, Navigoe LLC acquired a new stake in Visa in the fourth quarter worth $53,000. Institutional investors and hedge funds own 82.15% of the company's stock.

Insider Activity

In other news, General Counsel Julie B. Rottenberg sold 2,575 shares of the firm's stock in a transaction that occurred on Thursday, May 1st. The shares were sold at an average price of $345.58, for a total transaction of $889,868.50. Following the transaction, the general counsel directly owned 11,925 shares of the company's stock, valued at approximately $4,121,041.50. This trade represents a 17.76% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Paul D. Fabara sold 11,636 shares of Visa stock in a transaction that occurred on Wednesday, June 11th. The shares were sold at an average price of $375.00, for a total transaction of $4,363,500.00. Following the transaction, the insider directly owned 26,413 shares in the company, valued at approximately $9,904,875. The trade was a 30.58% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 101,108 shares of company stock worth $36,771,200. 0.13% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on V shares. Piper Sandler boosted their target price on Visa from $383.00 to $384.00 and gave the stock an "overweight" rating in a report on Wednesday, April 30th. UBS Group lifted their price target on Visa from $395.00 to $405.00 and gave the stock a "buy" rating in a research report on Wednesday, May 28th. Barclays reaffirmed an "overweight" rating on shares of Visa in a research report on Friday, June 13th. Oppenheimer lifted their price target on Visa from $390.00 to $391.00 and gave the stock an "outperform" rating in a research report on Wednesday, July 2nd. Finally, Truist Financial dropped their price target on Visa from $400.00 to $397.00 and set a "buy" rating on the stock in a research report on Thursday, July 17th. Five investment analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Visa presently has an average rating of "Moderate Buy" and a consensus price target of $375.52.

Visa Stock Up 1.0%

V traded up $3.36 on Wednesday, hitting $355.22. The company had a trading volume of 4,341,494 shares, compared to its average volume of 6,776,777. 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 Inc. has a 52-week low of $252.70 and a 52-week high of $375.51. The stock has a fifty day simple moving average of $356.82 and a 200-day simple moving average of $344.02. The firm has a market capitalization of $655.43 billion, a P/E ratio of 35.70, a P/E/G ratio of 2.37 and a beta of 0.92.

Visa (NYSE:V - Get Free Report) last announced its earnings results on Tuesday, April 29th. The credit-card processor reported $2.76 earnings per share 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 the consensus estimate of $9.57 billion. Visa had a net margin of 52.86% and a return on equity of 56.28%. The business's revenue for the quarter was up 9.3% on a year-over-year basis. During the same quarter last year, the firm earned $2.51 earnings per share. As a group, equities analysts expect that Visa Inc. will post 11.3 EPS for the current fiscal year.

Visa Dividend Announcement

The firm also recently announced 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. This represents a $2.36 annualized dividend and a dividend yield of 0.66%. The ex-dividend date was Tuesday, May 13th. Visa's dividend payout ratio is 23.72%.

Visa Company 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.