Visa Inc. (NYSE:V) Stake Boosted by Aigen Investment Management LP

Aigen Investment Management LP boosted its position in Visa Inc. (NYSE:V - Free Report) by 328.4% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 16,925 shares of the credit-card processor's stock after acquiring an additional 12,974 shares during the period. Visa accounts for approximately 0.8% of Aigen Investment Management LP's portfolio, making the stock its 10th largest holding. Aigen Investment Management LP's holdings in Visa were worth $4,406,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Congress Asset Management Co. MA increased its position in shares of Visa by 0.8% during the third quarter. Congress Asset Management Co. MA now owns 569,274 shares of the credit-card processor's stock valued at $130,939,000 after buying an additional 4,767 shares during the period. JLB & Associates Inc. increased its position in shares of Visa by 8.4% during the third quarter. JLB & Associates Inc. now owns 8,836 shares of the credit-card processor's stock valued at $2,032,000 after buying an additional 684 shares during the period. Confluence Wealth Services Inc. increased its position in shares of Visa by 9.2% during the third quarter. Confluence Wealth Services Inc. now owns 17,073 shares of the credit-card processor's stock valued at $3,927,000 after buying an additional 1,436 shares during the period. Knights of Columbus Asset Advisors LLC increased its position in shares of Visa by 2.6% during the third quarter. Knights of Columbus Asset Advisors LLC now owns 74,626 shares of the credit-card processor's stock valued at $17,165,000 after buying an additional 1,882 shares during the period. Finally, Calton & Associates Inc. increased its position in shares of Visa by 299.1% during the third quarter. Calton & Associates Inc. now owns 4,003 shares of the credit-card processor's stock valued at $921,000 after buying an additional 3,000 shares during the period. 82.15% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the company. Piper Sandler initiated coverage on Visa in a research report on Monday, May 13th. They set an "overweight" rating and a $322.00 price target on the stock. Wells Fargo & Company boosted their price objective on Visa from $300.00 to $325.00 and gave the stock an "overweight" rating in a report on Wednesday, March 6th. Royal Bank of Canada boosted their price objective on Visa from $309.00 to $315.00 and gave the stock an "outperform" rating in a report on Wednesday, April 24th. Macquarie upped their target price on Visa from $290.00 to $300.00 and gave the stock an "outperform" rating in a research note on Wednesday, April 24th. Finally, Raymond James upped their target price on Visa from $287.00 to $311.00 and gave the stock an "outperform" rating in a research note on Friday, January 26th. Five equities research analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $303.76.

Visa Stock Performance

NYSE:V traded down $1.65 on Monday, hitting $278.45. The stock had a trading volume of 5,460,465 shares, compared to its average volume of 6,364,414. The stock has a market cap of $509.27 billion, a price-to-earnings ratio of 31.12, a price-to-earnings-growth ratio of 1.92 and a beta of 0.95. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 0.53. The business's 50-day simple moving average is $277.51 and its two-hundred day simple moving average is $268.94. Visa Inc. has a 52-week low of $216.14 and a 52-week high of $290.96.

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

Visa Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 3rd. Stockholders of record on Friday, May 17th will be given a dividend of $0.52 per share. The ex-dividend date of this dividend is Thursday, May 16th. This represents a $2.08 dividend on an annualized basis and a dividend yield of 0.75%. Visa's payout ratio is currently 23.24%.

Insider Activity

In related news, insider Paul D. Fabara sold 25,293 shares of Visa stock in a transaction that occurred on Wednesday, May 15th. The stock was sold at an average price of $277.15, for a total transaction of $7,009,954.95. Following the sale, the insider now owns 17,894 shares of the company's stock, valued at approximately $4,959,322.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Visa news, CEO Ryan Mcinerney sold 8,200 shares of Visa stock in a transaction that occurred on 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 sale, the chief executive officer now owns 538 shares of the company's stock, valued at approximately $150,833.68. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Paul D. Fabara sold 25,293 shares of Visa stock in a transaction that occurred on Wednesday, May 15th. The stock was sold at an average price of $277.15, for a total value of $7,009,954.95. Following the completion of the sale, the insider now directly owns 17,894 shares in the company, valued at approximately $4,959,322.10. The disclosure for this sale can be found here. Insiders have sold a total of 34,402 shares of company stock valued at $9,559,382 in the last ninety days. Corporate insiders own 0.19% of the company's stock.

About Visa

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.