Visa Inc. (NYSE:V) Shares Purchased by Summitry LLC

Summitry LLC increased its holdings in shares of Visa Inc. (NYSE:V - Free Report) by 4.9% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 299,627 shares of the credit-card processor's stock after purchasing an additional 13,904 shares during the quarter. Visa accounts for about 4.5% of Summitry LLC's investment portfolio, making the stock its 2nd largest holding. Summitry LLC's holdings in Visa were worth $78,008,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Nadler Financial Group Inc. boosted its stake in shares of Visa by 2.4% during the 4th quarter. Nadler Financial Group Inc. now owns 1,900 shares of the credit-card processor's stock valued at $495,000 after buying an additional 44 shares during the last quarter. Towerpoint Wealth LLC purchased a new position in shares of Visa during the 4th quarter valued at approximately $216,000. Andrew Hill Investment Advisors Inc. purchased a new position in shares of Visa during the 4th quarter valued at approximately $3,427,000. Wayfinding Financial LLC boosted its stake in shares of Visa by 10.1% during the 3rd quarter. Wayfinding Financial LLC now owns 1,757 shares of the credit-card processor's stock valued at $406,000 after buying an additional 161 shares during the last quarter. Finally, Richelieu Gestion SA purchased a new position in shares of Visa during the 4th quarter valued at approximately $307,000. Hedge funds and other institutional investors own 82.15% of the company's stock.

Insider Transactions at Visa

In other news, Director Lloyd Carney sold 909 shares of the business's stock in a transaction on Friday, April 26th. The stock was sold at an average price of $275.55, for a total transaction of $250,474.95. Following the completion of the sale, the director now owns 2,591 shares in the company, valued at $713,950.05. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In related news, CEO Ryan Mcinerney sold 8,200 shares of the company's stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $280.36, for a total value of $2,298,952.00. Following the completion of the sale, the chief executive officer now owns 538 shares in the company, valued at $150,833.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Lloyd Carney sold 909 shares of the company's stock in a transaction dated Friday, April 26th. The shares were sold at an average price of $275.55, for a total value of $250,474.95. Following the completion of the sale, the director now owns 2,591 shares of the company's stock, valued at approximately $713,950.05. The disclosure for this sale can be found here. 0.19% of the stock is currently owned by corporate insiders.

Visa Stock Performance

Shares of NYSE:V traded down $1.42 during trading on Monday, hitting $279.32. 10,527,942 shares of the stock were exchanged, compared to its average volume of 6,038,637. Visa Inc. has a 1-year low of $216.14 and a 1-year high of $290.96. The company has a market capitalization of $510.86 billion, a price-to-earnings ratio of 31.35, a price-to-earnings-growth ratio of 1.92 and a beta of 0.95. The company's fifty day simple moving average is $277.51 and its 200-day simple moving average is $267.31. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.40 and a current ratio of 1.40.

Visa (NYSE:V - Get Free Report) last announced its quarterly earnings results on Tuesday, April 23rd. The credit-card processor reported $2.51 EPS for the quarter, beating the consensus estimate of $2.43 by $0.08. The business had revenue of $8.78 billion for the quarter, compared to analyst estimates of $8.62 billion. Visa had a return on equity of 51.23% and a net margin of 53.87%. Visa's quarterly revenue was up 9.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.09 EPS. Sell-side analysts expect that Visa Inc. will post 9.94 EPS for the current fiscal year.

Visa Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 3rd. Shareholders of record on Friday, May 17th will be given a $0.52 dividend. The ex-dividend date is Thursday, May 16th. This represents a $2.08 annualized dividend and a yield of 0.74%. Visa's payout ratio is 23.24%.

Analysts Set New Price Targets

V has been the topic of several research analyst reports. Raymond James raised their price objective on Visa from $287.00 to $311.00 and gave the stock an "outperform" rating in a research note on Friday, January 26th. Oppenheimer raised their price objective on Visa from $297.00 to $299.00 and gave the stock an "outperform" rating in a research note on Wednesday, April 24th. Barclays increased their target price on Visa from $304.00 to $319.00 and gave the stock an "overweight" rating in a research report on Monday, January 29th. TD Cowen started coverage on Visa in a research report on Thursday, April 11th. They issued a "buy" rating and a $320.00 target price on the stock. Finally, Keefe, Bruyette & Woods increased their target price on Visa from $305.00 to $315.00 and gave the stock an "outperform" rating in a research report on Friday, January 26th. Five equities research analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $303.76.

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.

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