Fedenia Advisers LLC Increases Holdings in Visa Inc. (NYSE:V)

Fedenia Advisers LLC grew its stake in Visa Inc. (NYSE:V - Free Report) by 21.9% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 4,200 shares of the credit-card processor's stock after acquiring an additional 754 shares during the quarter. Visa accounts for 1.0% of Fedenia Advisers LLC's portfolio, making the stock its 23rd biggest holding. Fedenia Advisers LLC's holdings in Visa were worth $1,472,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently modified their holdings of the stock. Lakeridge Wealth Management LLC increased its holdings in Visa by 5.7% in the 1st quarter. Lakeridge Wealth Management LLC now owns 1,507 shares of the credit-card processor's stock worth $528,000 after buying an additional 81 shares in the last quarter. Blue Rock Wealth Management LLC bought a new position in Visa during the 4th quarter valued at about $306,000. Aptus Capital Advisors LLC lifted 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 valued at $57,727,000 after acquiring an additional 30,185 shares during the period. King Wealth Management Group boosted its holdings in shares of Visa by 9.0% during the 4th quarter. King Wealth Management Group now owns 74,874 shares of the credit-card processor's stock valued at $23,663,000 after acquiring an additional 6,172 shares during the last quarter. Finally, Eagle Strategies LLC grew its stake 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 worth $811,000 after acquiring an additional 63 shares during the period. 82.15% of the stock is owned by hedge funds and other institutional investors.

Visa Price Performance

V traded up $4.48 on Friday, hitting $358.70. 3,702,810 shares of the company's stock traded hands, compared to its average volume of 6,855,011. The company's 50 day simple moving average is $355.33 and its 200-day simple moving average is $340.96. 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 Inc. has a one year low of $252.70 and a one year high of $375.51. The firm has a market cap of $661.86 billion, a price-to-earnings ratio of 36.05, a P/E/G ratio of 2.40 and a beta of 0.92.

Visa (NYSE:V - Get Free Report) last announced its quarterly earnings data on Tuesday, April 29th. The credit-card processor reported $2.76 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.68 by $0.08. Visa had a net margin of 52.86% and a return on equity of 56.28%. The business had revenue of $9.59 billion during the quarter, compared to analyst estimates of $9.57 billion. During the same period last year, the firm posted $2.51 EPS. The company's revenue was up 9.3% on a year-over-year basis. As a group, research analysts anticipate that Visa Inc. will post 11.3 EPS for the current year.

Visa Dividend Announcement

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

Wall Street Analyst Weigh In

A number of equities research analysts have commented on V shares. The Goldman Sachs Group began coverage on shares of Visa in a research report on Monday, June 2nd. They issued a "neutral" rating for the company. Wall Street Zen upgraded Visa from a "hold" rating to a "buy" rating in a research note on Monday, May 12th. BMO Capital Markets upped their price objective on Visa from $370.00 to $380.00 and gave the company an "outperform" rating in a research report on Wednesday, April 30th. Truist Financial initiated coverage on Visa in a report on Monday, June 2nd. They issued a "buy" rating and a $400.00 target price on the stock. Finally, Piper Sandler boosted their price target on Visa from $383.00 to $384.00 and gave the company an "overweight" rating in a research note on Wednesday, April 30th. Five analysts have rated the stock with a hold rating, twenty-three have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $372.84.

Insider Buying and Selling at Visa

In related news, General Counsel Julie B. Rottenberg sold 2,575 shares of the stock in a transaction that occurred 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 transaction, the general counsel directly owned 11,925 shares of the company's stock, valued at approximately $4,121,041.50. This represents a 17.76% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Ryan Mcinerney sold 8,620 shares of Visa stock in a transaction that occurred on Monday, June 2nd. The stock was sold at an average price of $362.77, for a total value of $3,127,077.40. Following the completion of the sale, the chief executive officer directly owned 537 shares in the company, valued at approximately $194,807.49. The trade was a 94.14% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 92,478 shares of company stock worth $33,717,733. 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.