Visa Inc. (NYSE:V) is Crossmark Global Holdings Inc.'s 6th Largest Position

Crossmark Global Holdings Inc. boosted its position in Visa Inc. (NYSE:V - Free Report) by 10.8% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 190,333 shares of the credit-card processor's stock after purchasing an additional 18,479 shares during the period. Visa makes up approximately 1.2% of Crossmark Global Holdings Inc.'s investment portfolio, making the stock its 6th biggest holding. Crossmark Global Holdings Inc.'s holdings in Visa were worth $66,704,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in V. Lakeridge Wealth Management LLC increased its position in shares of Visa by 5.7% during the first quarter. Lakeridge Wealth Management LLC now owns 1,507 shares of the credit-card processor's stock worth $528,000 after acquiring an additional 81 shares during the period. Blue Rock Wealth Management LLC purchased a new position in Visa during the fourth quarter valued at approximately $306,000. Aptus Capital Advisors LLC increased its holdings in Visa by 19.8% during the fourth quarter. Aptus Capital Advisors LLC now owns 182,658 shares of the credit-card processor's stock valued at $57,727,000 after buying an additional 30,185 shares during the period. King Wealth Management Group grew its holdings in Visa by 9.0% in the fourth quarter. King Wealth Management Group now owns 74,874 shares of the credit-card processor's stock worth $23,663,000 after purchasing an additional 6,172 shares during the last quarter. Finally, Eagle Strategies LLC grew its holdings in Visa by 2.5% in the fourth quarter. Eagle Strategies LLC now owns 2,568 shares of the credit-card processor's stock worth $811,000 after purchasing an additional 63 shares during the last quarter. Institutional investors own 82.15% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the stock. William Blair reaffirmed an "outperform" rating on shares of Visa in a report on Wednesday, April 30th. Piper Sandler lifted their price target on shares of Visa from $383.00 to $384.00 and gave the stock an "overweight" rating in a report on Wednesday, April 30th. Citigroup initiated coverage on shares of Visa in a research note on Monday, June 2nd. They set a "buy" rating for the company. Mizuho upgraded shares of Visa from a "neutral" rating to an "outperform" rating and lifted their price objective for the stock from $359.00 to $425.00 in a research note on Thursday, June 5th. Finally, Jefferies Financial Group lifted their price objective 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. Five investment 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 company. According to data from MarketBeat, Visa presently has a consensus rating of "Moderate Buy" and a consensus price target of $372.84.

Visa Price Performance

Shares of Visa stock traded down $1.52 during trading hours on Thursday, reaching $356.24. The stock had a trading volume of 2,242,727 shares, compared to its average volume of 6,663,175. The stock's 50 day moving average is $356.66 and its 200 day moving average is $342.11. The firm has a market capitalization of $657.32 billion, a PE ratio of 35.80, a PEG ratio of 2.40 and a beta of 0.92. Visa Inc. has a twelve month low of $252.70 and a twelve month high of $375.51. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 0.45.

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 for the quarter, topping 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 company's revenue was up 9.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.51 earnings per share. Equities analysts expect that Visa Inc. will post 11.3 earnings per share for the current fiscal year.

Visa Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 2nd. Shareholders of record on Tuesday, May 13th were given a $0.59 dividend. The ex-dividend date was Tuesday, May 13th. This represents a $2.36 dividend on an annualized basis and a dividend yield of 0.66%. Visa's dividend payout ratio (DPR) is currently 23.72%.

Insider Transactions at Visa

In other news, General Counsel Julie B. Rottenberg sold 2,575 shares of the business's stock in a transaction dated Thursday, May 1st. The shares were sold at an average price of $345.58, for a total transaction of $889,868.50. Following the completion of the sale, the general counsel owned 11,925 shares of the company's stock, valued at $4,121,041.50. The trade was a 17.76% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Paul D. Fabara sold 11,636 shares of the business's stock in a transaction dated Wednesday, June 11th. The stock was sold at an average price of $375.00, for a total transaction of $4,363,500.00. Following the sale, the insider directly owned 26,413 shares of the company's stock, valued at $9,904,875. This represents a 30.58% decrease in their position. The disclosure for this sale can be found here. Insiders sold 101,108 shares of company stock valued at $36,771,200 over the last 90 days. Corporate insiders own 0.13% of the company's stock.

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.