XY Planning Network Inc. Makes New $280,000 Investment in Visa Inc. (NYSE:V)

XY Planning Network Inc. acquired a new stake in shares of Visa Inc. (NYSE:V - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 885 shares of the credit-card processor's stock, valued at approximately $280,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Bradley & Co. Private Wealth Management LLC bought a new position in Visa in the 4th quarter worth about $27,000. POM Investment Strategies LLC raised its holdings in shares of Visa by 48.5% during the fourth quarter. POM Investment Strategies LLC now owns 98 shares of the credit-card processor's stock valued at $31,000 after buying an additional 32 shares during the last quarter. Compass Planning Associates Inc acquired a new position in shares of Visa during the fourth quarter worth approximately $32,000. FPC Investment Advisory Inc. grew its holdings in Visa by 377.3% in the 4th 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 in the last quarter. Finally, NewSquare Capital LLC acquired a new stake in Visa in the 4th quarter valued at approximately $35,000. Institutional investors and hedge funds own 82.15% of the company's stock.

Visa Stock Up 0.8%

Shares of V stock traded up $2.82 during trading on Thursday, hitting $362.55. 4,590,181 shares of the company were exchanged, compared to its average volume of 7,008,449. The business's 50-day simple moving average is $342.62 and its 200 day simple moving average is $332.80. Visa Inc. has a twelve month low of $252.70 and a twelve month high of $369.15. The firm has a market capitalization of $668.96 billion, a price-to-earnings ratio of 36.55, a P/E/G ratio of 2.33 and a beta of 0.96. 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 (NYSE:V - Get Free Report) last issued 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 during the quarter, compared to analyst estimates of $9.57 billion. During the same quarter last year, the business posted $2.51 EPS. The company's revenue for the quarter was up 9.3% on a year-over-year basis. As a group, analysts forecast that Visa Inc. will post 11.3 EPS for the current fiscal year.

Visa Dividend Announcement

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

Insiders Place Their Bets

In related news, CEO Ryan Mcinerney sold 8,620 shares of the business's stock in a transaction that occurred on 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 completion of the sale, the chief executive officer now directly owns 537 shares in the company, valued at approximately $188,186.28. The trade was a 94.14% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Paul D. Fabara sold 39,350 shares of the stock in a transaction that occurred on Friday, March 14th. The shares were sold at an average price of $327.20, for a total value of $12,875,320.00. Following the transaction, the insider now owns 26,413 shares in the company, valued at approximately $8,642,333.60. This trade represents a 59.84% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 121,948 shares of company stock valued at $41,548,282 in the last three months. Insiders own 0.13% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on V. Oppenheimer reiterated an "outperform" rating on shares of Visa in a research report on Thursday, February 13th. Piper Sandler upped their price objective on shares of Visa from $383.00 to $384.00 and gave the stock an "overweight" rating in a report on Wednesday, April 30th. Wells Fargo & Company increased their target price on shares of Visa from $360.00 to $395.00 and gave the company an "overweight" rating in a research report on Friday, January 31st. The Goldman Sachs Group boosted their price target on shares of Visa from $346.00 to $384.00 and gave the stock a "buy" rating in a research report on Friday, January 31st. Finally, Bank of America upped their price target on shares of Visa from $331.00 to $363.00 and gave the stock a "neutral" rating in a research note on Friday, January 31st. Six research analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $366.13.

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.