Visa Inc. (NYSE:V) Shares Purchased by Radnor Capital Management LLC

Radnor Capital Management LLC boosted its position in Visa Inc. (NYSE:V - Free Report) by 7.5% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 12,205 shares of the credit-card processor's stock after acquiring an additional 855 shares during the quarter. Visa accounts for 0.7% of Radnor Capital Management LLC's investment portfolio, making the stock its 29th biggest position. Radnor Capital Management LLC's holdings in Visa were worth $4,277,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Bradley & Co. Private Wealth Management LLC acquired a new position in shares of Visa during the fourth quarter worth about $27,000. POM Investment Strategies LLC grew its stake in Visa by 48.5% during the 4th quarter. POM Investment Strategies LLC now owns 98 shares of the credit-card processor's stock worth $31,000 after buying an additional 32 shares during the last quarter. Compass Planning Associates Inc acquired a new stake in shares of Visa in the 4th quarter worth about $32,000. NewSquare Capital LLC acquired a new position in shares of Visa during the fourth quarter worth approximately $35,000. Finally, FPC Investment Advisory Inc. boosted its position in shares of Visa by 377.3% during the fourth quarter. FPC Investment Advisory Inc. now owns 105 shares of the credit-card processor's stock worth $36,000 after buying an additional 83 shares during the period. Institutional investors and hedge funds own 82.15% of the company's stock.

Insider Activity at Visa

In related news, insider Paul D. Fabara sold 46,214 shares of the stock in a transaction dated Thursday, June 5th. The shares were sold at an average price of $370.00, for a total value of $17,099,180.00. Following the completion of the transaction, the insider now owns 26,413 shares of the company's stock, valued at $9,772,810. This represents a 63.63% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, General Counsel Julie B. Rottenberg sold 2,575 shares of the firm's 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 sale, the general counsel now directly owns 11,925 shares of the company's stock, valued at approximately $4,121,041.50. The trade was a 17.76% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 168,162 shares of company stock worth $58,645,479. Company insiders own 0.13% of the company's stock.

Visa Trading Up 1.0%

Shares of NYSE:V opened at $370.44 on Friday. The stock has a market capitalization of $683.52 billion, a PE ratio of 37.34, a P/E/G ratio of 2.33 and a beta of 0.96. Visa Inc. has a 1 year low of $252.70 and a 1 year high of $371.00. The firm has a fifty day moving average price of $345.45 and a 200 day moving average price of $335.50. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.45.

Visa (NYSE:V - Get Free Report) last released its quarterly earnings results 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 54.27% and a return on equity of 54.79%. The company had revenue of $9.59 billion during the quarter, compared to analysts' expectations of $9.57 billion. During the same period in the prior year, the company earned $2.51 earnings per share. The business's quarterly revenue was up 9.3% compared to the same quarter last year. Analysts expect that Visa Inc. will post 11.3 EPS for the current fiscal year.

Visa Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, June 2nd. Shareholders 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 0.64%. The ex-dividend date of this dividend was Tuesday, May 13th. Visa's dividend payout ratio (DPR) is 23.72%.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on V shares. Evercore ISI started coverage on Visa in a research report on Wednesday, April 9th. They issued an "in-line" rating and a $330.00 target price for the company. Mizuho raised Visa from a "neutral" rating to an "outperform" rating and upped their price target for the company from $359.00 to $425.00 in a report on Thursday. Piper Sandler upped 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. UBS Group upped 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. Finally, William Blair reaffirmed an "outperform" rating on shares of Visa in a report on Wednesday, April 30th. Five investment analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, Visa has an average rating of "Moderate Buy" and an average target price of $372.80.

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.

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