World Investment Advisors Acquires 13,614 Shares of Visa Inc. $V

Key Points

• World Investment Advisors increased its Visa stake by 12.9%, buying 13,614 shares to hold 119,198 shares worth about $41.8 million, making Visa ~0.7% of its portfolio and its 25th largest position.
• CEO Ryan McInerney sold 10,485 Visa shares on Jan. 2 for roughly $3.66 million (avg. $349.18), cutting his holding by 52.73%, and Director Lloyd Carney also sold 650 shares, reducing his stake by 19.53%.
• Analysts are broadly positive with a consensus "Buy" and a $392.65 target; Visa recently beat quarterly EPS and revenue expectations (EPS $3.17 vs. $3.14; revenue $10.90B vs. $10.69B) and pays a $0.67 quarterly dividend (≈0.9% yield).

World Investment Advisors grew its holdings in shares of Visa Inc. (NYSE:V - Free Report) by 12.9% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 119,198 shares of the credit-card processor's stock after purchasing an additional 13,614 shares during the period. Visa makes up approximately 0.7% of World Investment Advisors' holdings, making the stock its 25th largest position. World Investment Advisors' holdings in Visa were worth $41,804,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Clayton Financial Group LLC boosted its holdings in Visa by 446.2% in the fourth quarter. Clayton Financial Group LLC now owns 71 shares of the credit-card processor's stock worth $25,000 after acquiring an additional 58 shares in the last quarter. PayPay Securities Corp grew its stake in shares of Visa by 102.7% in the fourth quarter. PayPay Securities Corp now owns 75 shares of the credit-card processor's stock worth $26,000 after acquiring an additional 38 shares during the last quarter. Cresta Advisors Ltd. bought a new position in shares of Visa during the fourth quarter valued at $26,000. Parvin Asset Management LLC raised its position in shares of Visa by 200.0% in the 3rd quarter. Parvin Asset Management LLC now owns 75 shares of the credit-card processor's stock worth $26,000 after purchasing an additional 50 shares during the last quarter. Finally, Sagard Holdings Management Inc. bought a new position in Visa in the 2nd quarter worth about $31,000. 82.15% of the stock is owned by institutional investors.

Insider Buying and Selling at Visa

In related news, CEO Ryan Mcinerney sold 10,485 shares of the company's stock in a transaction on Friday, January 2nd. The stock was sold at an average price of $349.18, for a total transaction of $3,661,152.30. Following the completion of the sale, the chief executive officer owned 9,401 shares in the company, valued at approximately $3,282,641.18. This represents a 52.73% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Lloyd Carney sold 650 shares of the stock in a transaction dated Wednesday, March 11th. The shares were sold at an average price of $309.62, for a total value of $201,253.00. Following the completion of the transaction, the director directly owned 2,679 shares in the company, valued at approximately $829,471.98. This represents a 19.53% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 0.12% of the company's stock.

Wall Street Analysts Forecast Growth

V has been the subject of a number of analyst reports. HSBC upgraded shares of Visa from a "hold" rating to a "strong-buy" rating in a research note on Monday, December 8th. Truist Financial set a $372.00 price target on shares of Visa in a research report on Tuesday, February 10th. Weiss Ratings restated a "buy (b)" rating on shares of Visa in a report on Wednesday, January 21st. TD Cowen reiterated a "buy" rating on shares of Visa in a research note on Friday, January 30th. Finally, Cantor Fitzgerald raised Visa to a "strong-buy" rating in a report on Tuesday, January 27th. Seven research analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, Visa has a consensus rating of "Buy" and a consensus target price of $392.65.

Visa Stock Performance

Shares of V stock opened at $304.83 on Tuesday. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.51. The company has a 50 day moving average price of $319.73 and a 200-day moving average price of $333.93. Visa Inc. has a 52 week low of $297.03 and a 52 week high of $375.51. The firm has a market capitalization of $553.31 billion, a PE ratio of 28.60, a P/E/G ratio of 1.73 and a beta of 0.78.

Visa (NYSE:V - Get Free Report) last issued its earnings results on Thursday, January 29th. The credit-card processor reported $3.17 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.14 by $0.03. The company had revenue of $10.90 billion for the quarter, compared to analysts' expectations of $10.69 billion. Visa had a net margin of 50.23% and a return on equity of 61.74%. The firm's quarterly revenue was up 14.6% on a year-over-year basis. During the same quarter last year, the company posted $2.75 earnings per share. As a group, equities research analysts expect that Visa Inc. will post 11.3 earnings per share for the current year.

Visa Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, March 2nd. Stockholders of record on Tuesday, February 10th were paid a $0.67 dividend. This represents a $2.68 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date was Tuesday, February 10th. Visa's dividend payout ratio (DPR) is 25.14%.

Visa Company Profile

Visa Inc is a global payments technology company that facilitates electronic funds transfers and digital commerce by connecting consumers, merchants, financial institutions and governments. The firm operates one of the world's largest payment networks, providing processing, authorization, clearing and settlement services for credit, debit and prepaid card transactions. Visa's network-based model enables partner banks and other issuers to offer branded payment products while Visa focuses on the infrastructure, standards and technologies that move money securely and efficiently around the world.

Visa's product and service portfolio includes card-based payment products for consumers and businesses, real-time push-payment capabilities, tokenization and authentication services, fraud and risk-management tools, data analytics and APIs for fintech and merchant integration.

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