Visa Inc. (NYSE:V) Shares Bought by Fedenia Advisers LLC

Fedenia Advisers LLC boosted its holdings in shares of Visa Inc. (NYSE:V - Free Report) by 21.9% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,200 shares of the credit-card processor's stock after buying an additional 754 shares during the period. Visa comprises 1.0% of Fedenia Advisers LLC's portfolio, making the stock its 23rd largest holding. Fedenia Advisers LLC's holdings in Visa were worth $1,472,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of V. Meadow Creek Wealth Advisors LLC boosted its stake in shares of Visa by 15.8% in the 1st quarter. Meadow Creek Wealth Advisors LLC now owns 5,361 shares of the credit-card processor's stock valued at $1,879,000 after purchasing an additional 732 shares in the last quarter. Detalus Advisors LLC raised its holdings in shares of Visa by 38.4% in the first quarter. Detalus Advisors LLC now owns 3,832 shares of the credit-card processor's stock valued at $1,343,000 after buying an additional 1,064 shares during the last quarter. Klingenstein Fields & Co. LP raised its holdings in shares of Visa by 2.5% in the first quarter. Klingenstein Fields & Co. LP now owns 1,276 shares of the credit-card processor's stock valued at $447,000 after buying an additional 31 shares during the last quarter. Alterna Wealth Management Inc. raised its holdings in shares of Visa by 3.8% in the first quarter. Alterna Wealth Management Inc. now owns 3,930 shares of the credit-card processor's stock valued at $1,377,000 after buying an additional 143 shares during the last quarter. Finally, LFA Lugano Financial Advisors SA raised its holdings in shares of Visa by 10.0% in the first quarter. LFA Lugano Financial Advisors SA now owns 990 shares of the credit-card processor's stock valued at $347,000 after buying an additional 90 shares during the last quarter. Institutional investors and hedge funds own 82.15% of the company's stock.

Analyst Upgrades and Downgrades

V has been the subject of a number of research analyst reports. UBS Group lifted their price target on Visa from $395.00 to $405.00 and gave the company a "buy" rating in a report on Wednesday, May 28th. Wall Street Zen raised Visa from a "hold" rating to a "buy" rating in a report on Monday, May 12th. William Blair reaffirmed an "outperform" rating on shares of Visa in a report on Wednesday, April 30th. Susquehanna reaffirmed a "positive" rating on shares of Visa in a report on Friday, March 21st. Finally, Piper Sandler lifted their price target on Visa from $383.00 to $384.00 and gave the company an "overweight" rating in a report on Wednesday, April 30th. Five analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $372.84.

Visa Stock Down 0.6%

Shares of Visa stock traded down $2.21 on Monday, reaching $356.65. The company's stock had a trading volume of 5,135,922 shares, compared to its average volume of 6,843,617. The company has a market capitalization of $658.08 billion, a price-to-earnings ratio of 35.84, a P/E/G ratio of 2.43 and a beta of 0.92. The firm's fifty day simple moving average is $356.17 and its two-hundred day simple moving average is $341.92. Visa Inc. has a 52 week low of $252.70 and a 52 week high of $375.51. 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 (NYSE:V - Get Free Report) last issued its earnings results 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 return on equity of 56.28% and a net margin of 52.86%. The firm had revenue of $9.59 billion for the quarter, compared to analysts' expectations of $9.57 billion. During the same period in the previous year, the firm posted $2.51 earnings per share. The business's revenue was up 9.3% compared to the same quarter last year. Equities analysts anticipate that Visa Inc. will post 11.3 earnings per share for the current year.

Visa Announces Dividend

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

Insiders Place Their Bets

In other Visa news, General Counsel Julie B. Rottenberg sold 2,575 shares of the company's 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 completion of the sale, the general counsel owned 11,925 shares in the company, valued at $4,121,041.50. This represents a 17.76% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Paul D. Fabara sold 11,636 shares of the company's stock in a transaction on Wednesday, June 11th. The stock was sold at an average price of $375.00, for a total value 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. Insiders sold a total of 101,108 shares of company stock worth $36,771,200 over the last 90 days. Company insiders own 0.13% of the company's stock.

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.