Requisite Capital Management LLC Has $210,000 Stock Position in Visa Inc. (NYSE:V)

Requisite Capital Management LLC lowered its position in Visa Inc. (NYSE:V - Free Report) by 74.2% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 600 shares of the credit-card processor's stock after selling 1,727 shares during the quarter. Requisite Capital Management LLC's holdings in Visa were worth $210,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Bradley & Co. Private Wealth Management LLC acquired a new position in shares of Visa in the fourth quarter valued at about $27,000. POM Investment Strategies LLC grew its position in shares of 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 purchasing an additional 32 shares in the last quarter. Compass Planning Associates Inc bought a new position in shares of Visa during the fourth quarter worth approximately $32,000. NewSquare Capital LLC bought a new position in shares of Visa during the fourth quarter worth approximately $35,000. Finally, FPC Investment Advisory Inc. raised its position in shares of Visa by 377.3% in the fourth quarter. FPC Investment Advisory Inc. now owns 105 shares of the credit-card processor's stock valued at $36,000 after buying an additional 83 shares in the last quarter. Institutional investors own 82.15% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have commented on V shares. Piper Sandler raised their price objective on Visa from $383.00 to $384.00 and gave the stock an "overweight" rating in a research note on Wednesday, April 30th. UBS Group increased their target price on Visa from $395.00 to $405.00 and gave the stock a "buy" rating in a report on Wednesday, May 28th. Citigroup assumed coverage on Visa in a research note on Monday, June 2nd. They issued a "buy" rating for the company. The Goldman Sachs Group started coverage on shares of Visa in a research report on Monday, June 2nd. They set a "neutral" rating for the company. Finally, BMO Capital Markets raised their target price on shares of Visa from $370.00 to $380.00 and gave the company an "outperform" rating in a report on Wednesday, April 30th. Five 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 MarketBeat, Visa presently has a consensus rating of "Moderate Buy" and a consensus target price of $372.80.

Insider Buying and Selling

In other Visa news, insider Paul D. Fabara sold 39,350 shares of the company's stock in a transaction dated Friday, March 14th. The stock was sold at an average price of $327.20, for a total value of $12,875,320.00. Following the sale, the insider now owns 26,413 shares in the company, valued at approximately $8,642,333.60. The trade was a 59.84% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Ryan Mcinerney sold 8,620 shares of the firm's stock in a transaction dated Tuesday, April 1st. The stock was sold at an average price of $350.44, for a total value of $3,020,792.80. Following the transaction, the chief executive officer now owns 537 shares of the company's stock, valued at $188,186.28. This trade represents a 94.14% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 168,162 shares of company stock valued at $58,645,479 in the last three months. Insiders own 0.13% of the company's stock.

Visa Trading Up 1.2%

Shares of NYSE:V traded up $4.23 during midday trading on Tuesday, hitting $370.89. 4,108,403 shares of the stock were exchanged, compared to its average volume of 7,002,469. The business's 50-day moving average price is $345.86 and its 200 day moving average price is $336.28. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.12 and a current ratio of 1.12. Visa Inc. has a 12 month low of $252.70 and a 12 month high of $372.76. The stock has a market capitalization of $684.35 billion, a price-to-earnings ratio of 37.39, a P/E/G ratio of 2.33 and a beta of 0.94.

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 (EPS) for the quarter, beating the consensus estimate of $2.68 by $0.08. The firm 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 was up 9.3% on a year-over-year basis. During the same period in the prior year, the company posted $2.51 EPS. Analysts predict that Visa Inc. will post 11.3 earnings per share for the current year.

Visa Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 2nd. Investors of record on Tuesday, May 13th were issued a $0.59 dividend. The ex-dividend date was Tuesday, May 13th. This represents a $2.36 dividend on an annualized basis and a yield of 0.64%. Visa's payout ratio is 23.72%.

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.