Visa Inc. (NYSE:V) Shares Bought by Calamos Wealth Management LLC

Calamos Wealth Management LLC raised its stake in shares of Visa Inc. (NYSE:V - Free Report) by 10.2% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 85,335 shares of the credit-card processor's stock after purchasing an additional 7,892 shares during the period. Visa accounts for about 1.5% of Calamos Wealth Management LLC's portfolio, making the stock its 13th biggest position. Calamos Wealth Management LLC's holdings in Visa were worth $29,907,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in V. Sellwood Investment Partners LLC bought a new position in shares of Visa during the fourth quarter valued at approximately $41,000. Mountain Hill Investment Partners Corp. bought a new position in Visa in the fourth quarter worth approximately $47,000. Measured Risk Portfolios Inc. bought a new position in Visa in the fourth quarter worth approximately $47,000. Navigoe LLC bought a new position in Visa in the fourth quarter worth approximately $53,000. Finally, O Brien Wealth Partners LLC bought a new position in Visa in the first quarter worth approximately $54,000. 82.15% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, CEO Ryan Mcinerney sold 8,630 shares of the firm's stock in a transaction dated Tuesday, July 1st. The stock was sold at an average price of $353.82, for a total transaction of $3,053,466.60. Following the sale, the chief executive officer directly owned 537 shares in the company, valued at $190,001.34. This trade represents a 94.14% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Paul D. Fabara sold 11,636 shares of the firm's stock in a transaction dated Wednesday, June 11th. The shares were sold at an average price of $375.00, for a total value of $4,363,500.00. Following the sale, the insider owned 26,413 shares in the company, valued at $9,904,875. This trade represents a 30.58% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 101,108 shares of company stock worth $36,771,200 in the last ninety days. Company insiders own 0.13% of the company's stock.

Visa Stock Performance

V traded down $2.86 during midday trading on Monday, hitting $356.00. 1,189,447 shares of the company were exchanged, compared to its average volume of 6,828,609. The company's 50 day simple moving average is $355.79 and its 200 day simple moving average is $341.65. The firm has a market capitalization of $656.87 billion, a price-to-earnings ratio of 35.78, a price-to-earnings-growth ratio of 2.43 and a beta of 0.92. 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 1-year low of $252.70 and a 1-year high of $375.51.

Visa (NYSE:V - Get Free Report) last announced its quarterly earnings results on Tuesday, April 29th. The credit-card processor reported $2.76 earnings per share for the quarter, topping the consensus estimate of $2.68 by $0.08. The company had revenue of $9.59 billion for the quarter, compared to the consensus estimate of $9.57 billion. Visa had a return on equity of 56.28% and a net margin of 52.86%. The firm's revenue for the quarter was up 9.3% compared to the same quarter last year. During the same period last year, the firm earned $2.51 EPS. As a group, sell-side analysts predict that Visa Inc. will post 11.3 earnings per share for the current 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 dividend on an annualized basis and a dividend yield of 0.66%. The ex-dividend date was Tuesday, May 13th. Visa's dividend payout ratio (DPR) is presently 23.72%.

Analysts Set New Price Targets

Several brokerages recently issued reports on V. Macquarie dropped their price objective on Visa from $400.00 to $380.00 and set an "outperform" rating on the stock in a research note on Wednesday, April 30th. Jefferies Financial Group increased their price objective on Visa from $400.00 to $410.00 and gave the stock a "buy" rating in a research note on Tuesday, May 27th. BMO Capital Markets increased their price objective on Visa from $370.00 to $380.00 and gave the stock an "outperform" rating in a research note on Wednesday, April 30th. Piper Sandler upped 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. Finally, Mizuho upgraded Visa from a "neutral" rating to an "outperform" rating and upped their target price for the stock from $359.00 to $425.00 in a report on Thursday, June 5th. 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 stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $372.84.

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.