Moss Adams Wealth Advisors LLC Increases Position in Visa Inc. (NYSE:V)

Moss Adams Wealth Advisors LLC boosted its position in Visa Inc. (NYSE:V - Free Report) by 27.5% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 4,635 shares of the credit-card processor's stock after purchasing an additional 1,001 shares during the period. Moss Adams Wealth Advisors LLC's holdings in Visa were worth $1,624,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also added to or reduced their stakes in the company. Wiser Wealth Management Inc raised its stake in shares of Visa by 9.6% during the first quarter. Wiser Wealth Management Inc now owns 785 shares of the credit-card processor's stock valued at $275,000 after acquiring an additional 69 shares in the last quarter. NewSquare Capital LLC grew its holdings in Visa by 484.7% in the first quarter. NewSquare Capital LLC now owns 649 shares of the credit-card processor's stock worth $227,000 after purchasing an additional 538 shares during the last quarter. Courier Capital LLC grew its holdings in shares of Visa by 1.7% during the first quarter. Courier Capital LLC now owns 39,666 shares of the credit-card processor's stock valued at $13,901,000 after buying an additional 652 shares during the last quarter. Wesbanco Bank Inc. grew its holdings in shares of Visa by 4.3% during the first quarter. Wesbanco Bank Inc. now owns 8,349 shares of the credit-card processor's stock valued at $2,926,000 after buying an additional 342 shares during the last quarter. Finally, McDonough Capital Management Inc grew its holdings in shares of Visa by 0.6% during the first quarter. McDonough Capital Management Inc now owns 25,064 shares of the credit-card processor's stock valued at $8,784,000 after buying an additional 146 shares during the last quarter. Institutional investors own 82.15% of the company's stock.

Insider Transactions at Visa

In related news, General Counsel Julie B. Rottenberg sold 2,575 shares of the business's stock in a transaction on Thursday, May 1st. The shares were sold at an average price of $345.58, for a total value of $889,868.50. Following the completion of the sale, the general counsel now directly owns 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Paul D. Fabara sold 46,214 shares of the business's stock in a transaction on Thursday, June 5th. The shares were sold at an average price of $370.00, for a total transaction of $17,099,180.00. Following the completion of the sale, the insider now directly owns 26,413 shares of the company's stock, valued at approximately $9,772,810. This trade represents a 63.63% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 168,162 shares of company stock valued at $58,645,479. Insiders own 0.13% of the company's stock.

Wall Street Analysts Forecast Growth

V has been the topic of several recent research reports. The Goldman Sachs Group initiated coverage on shares of Visa in a report on Monday, June 2nd. They issued a "neutral" rating on the stock. Keefe, Bruyette & Woods reaffirmed a "hold" rating on shares of Visa in a research note on Thursday, February 13th. Macquarie cut their price objective on shares of Visa from $400.00 to $380.00 and set an "outperform" rating for the company in a report on Wednesday, April 30th. Wall Street Zen upgraded shares of Visa from a "hold" rating to a "buy" rating in a report on Monday, May 12th. Finally, Citigroup initiated coverage on shares of Visa in a report on Monday, June 2nd. They set a "buy" rating for the company. Five 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 presently has a consensus rating of "Moderate Buy" and an average price target of $372.80.

Visa Stock Up 0.7%

V stock traded up $2.49 during midday trading on Wednesday, hitting $373.19. The company's stock had a trading volume of 5,562,400 shares, compared to its average volume of 7,006,900. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.45. Visa Inc. has a 52-week low of $252.70 and a 52-week high of $375.50. The firm has a market capitalization of $688.59 billion, a P/E ratio of 37.62, a PEG ratio of 2.33 and a beta of 0.94. The firm has a 50-day simple moving average of $347.68 and a 200-day simple moving average of $336.77.

Visa (NYSE:V - Get Free Report) last released its quarterly earnings data 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. The business had revenue of $9.59 billion during the quarter, compared to analysts' expectations of $9.57 billion. Visa had a net margin of 54.27% and a return on equity of 54.79%. The company's revenue for the quarter was up 9.3% on a year-over-year basis. During the same period in the previous year, the company earned $2.51 EPS. As a group, equities analysts forecast that Visa Inc. will post 11.3 EPS for the current year.

Visa Announces Dividend

The company also recently disclosed 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. The ex-dividend date of this dividend was Tuesday, May 13th. This represents a $2.36 annualized dividend and a dividend yield of 0.63%. Visa's dividend payout ratio (DPR) is currently 23.72%.

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.