Visa Inc. (NYSE:V) Shares Purchased by Archford Capital Strategies LLC

Archford Capital Strategies LLC increased its stake in shares of Visa Inc. (NYSE:V - Free Report) by 34.6% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 46,388 shares of the credit-card processor's stock after purchasing an additional 11,919 shares during the period. Visa accounts for about 2.4% of Archford Capital Strategies LLC's holdings, making the stock its 6th biggest position. Archford Capital Strategies LLC's holdings in Visa were worth $16,257,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently made changes to their positions in V. International Assets Investment Management LLC raised its position in shares of Visa by 0.9% in the first quarter. International Assets Investment Management LLC now owns 37,490 shares of the credit-card processor's stock valued at $13,139,000 after buying an additional 325 shares during the last quarter. Invesco LLC raised its position in shares of Visa by 8.3% in the first quarter. Invesco LLC now owns 16,871 shares of the credit-card processor's stock valued at $5,913,000 after buying an additional 1,300 shares during the last quarter. Berry Wealth Group LP raised its holdings in Visa by 16.7% in the 1st quarter. Berry Wealth Group LP now owns 3,299 shares of the credit-card processor's stock valued at $1,156,000 after acquiring an additional 473 shares during the last quarter. Sava Infond d.o.o. acquired a new position in Visa in the 1st quarter valued at $161,000. Finally, Petros Family Wealth LLC raised its holdings in Visa by 4.7% in the 1st quarter. Petros Family Wealth LLC now owns 1,164 shares of the credit-card processor's stock valued at $408,000 after acquiring an additional 52 shares during the last quarter. 82.15% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the company. Mizuho upgraded Visa from a "neutral" rating to an "outperform" rating and upped their target price for the company from $359.00 to $425.00 in a research note on Thursday, June 5th. Citigroup initiated coverage on shares of Visa in a research note on Monday, June 2nd. They set a "buy" rating for the company. Piper Sandler upped their price objective on shares of Visa from $383.00 to $384.00 and gave the company an "overweight" rating in a research note on Wednesday, April 30th. Wall Street Zen raised shares of Visa from a "hold" rating to a "buy" rating in a research note on Monday, May 12th. Finally, Evercore ISI initiated coverage on shares of Visa in a research report on Wednesday, April 9th. They set an "in-line" rating and a $330.00 price target for the company. Five investment analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $372.80.

Visa Price Performance

V stock opened at $345.87 on Thursday. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.08 and a current ratio of 1.08. Visa Inc. has a 1 year low of $252.70 and a 1 year high of $375.51. The firm has a market cap of $638.19 billion, a P/E ratio of 34.76, a price-to-earnings-growth ratio of 2.36 and a beta of 0.94. The stock has a 50-day simple moving average of $352.56 and a 200-day simple moving average of $339.31.

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 (EPS) for the quarter, beating the consensus estimate of $2.68 by $0.08. Visa had a net margin of 52.86% and a return on equity of 56.28%. The company had revenue of $9.59 billion during the quarter, compared to the consensus estimate of $9.57 billion. During the same quarter last year, the company earned $2.51 earnings per share. Visa's revenue for the quarter was up 9.3% on a year-over-year basis. On average, equities analysts predict that Visa Inc. will post 11.3 earnings per share for the current fiscal year.

Visa Dividend Announcement

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 dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a yield of 0.68%. The ex-dividend date was Tuesday, May 13th. Visa's payout ratio is 23.72%.

Insider Activity at Visa

In other Visa news, CEO Ryan Mcinerney sold 8,620 shares of the firm's stock in a transaction on Thursday, May 1st. The shares were sold at an average price of $345.58, for a total transaction of $2,978,899.60. Following the completion of the transaction, the chief executive officer now directly owns 537 shares of the company's stock, valued at $185,576.46. This trade represents a 94.14% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Paul D. Fabara sold 14,813 shares of the firm's stock in a transaction on Thursday, May 8th. The stock was sold at an average price of $355.04, for a total transaction of $5,259,207.52. Following the transaction, the insider now directly owns 26,413 shares of the company's stock, valued at approximately $9,377,671.52. This represents a 35.93% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 101,098 shares of company stock valued at $36,738,526. 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.

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