Doliver Advisors LP Has $4.67 Million Holdings in Visa Inc. (NYSE:V)

Doliver Advisors LP cut its holdings in Visa Inc. (NYSE:V - Free Report) by 5.2% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 13,332 shares of the credit-card processor's stock after selling 737 shares during the quarter. Visa comprises approximately 1.3% of Doliver Advisors LP's holdings, making the stock its 10th largest position. Doliver Advisors LP's holdings in Visa were worth $4,672,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Bradley & Co. Private Wealth Management LLC acquired a new stake in shares of Visa in the fourth quarter worth $27,000. POM Investment Strategies LLC raised 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 valued at $31,000 after purchasing an additional 32 shares during the last quarter. Compass Planning Associates Inc acquired a new position in Visa during the 4th quarter valued at $32,000. NewSquare Capital LLC acquired a new position in Visa during the 4th quarter valued at $35,000. Finally, FPC Investment Advisory Inc. raised its stake in Visa by 377.3% during the 4th quarter. FPC Investment Advisory Inc. now owns 105 shares of the credit-card processor's stock valued at $36,000 after purchasing an additional 83 shares during the last quarter. 82.15% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on V shares. Jefferies Financial Group upped their target price on shares of Visa from $400.00 to $410.00 and gave the company a "buy" rating in a research note on Tuesday, May 27th. Truist Financial assumed coverage on Visa in a research note on Monday. They set a "buy" rating and a $400.00 price target on the stock. Keefe, Bruyette & Woods restated a "hold" rating on shares of Visa in a research note on Thursday, February 13th. Susquehanna restated a "positive" rating on shares of Visa in a research note on Friday, March 21st. Finally, Citigroup began coverage on Visa in a research note on Monday. They set a "buy" rating on the stock. Six investment analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Visa currently has an average rating of "Moderate Buy" and an average price target of $367.48.

Visa Price Performance

NYSE V traded down $0.05 on Monday, hitting $365.14. 3,845,682 shares of the company were exchanged, compared to its average volume of 7,003,419. The firm has a 50 day moving average of $343.40 and a two-hundred day moving average of $333.88. The company has a market cap of $673.74 billion, a P/E ratio of 36.81, a P/E/G ratio of 2.33 and a beta of 0.96. 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 Inc. has a 1-year low of $252.70 and a 1-year high of $369.15.

Visa (NYSE:V - Get Free Report) last released its 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 for the quarter, compared to the consensus estimate of $9.57 billion. During the same period in the prior year, the company posted $2.51 EPS. The company's revenue was up 9.3% compared to the same quarter last year. On average, equities analysts predict that Visa Inc. will post 11.3 EPS for the current year.

Visa Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 2nd. Shareholders of record on Tuesday, May 13th will be given a dividend of $0.59 per share. The ex-dividend date of this dividend is Tuesday, May 13th. This represents a $2.36 dividend on an annualized basis and a yield of 0.65%. Visa's payout ratio is presently 23.72%.

Insider Buying and Selling at Visa

In related news, CEO Ryan Mcinerney sold 8,620 shares of the stock in a transaction that occurred on Thursday, May 1st. The shares were sold at an average price of $345.58, for a total value of $2,978,899.60. Following the sale, the chief executive officer now directly owns 537 shares in the company, 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 SEC, which is available at this link. Also, insider Paul D. Fabara sold 14,813 shares of the stock in a transaction that occurred on Thursday, May 8th. The shares were sold at an average price of $355.04, for a total transaction of $5,259,207.52. Following the completion of the sale, the insider now owns 26,413 shares in the company, valued at $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 have sold 113,328 shares of company stock worth $38,419,222. Company 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.