V Square Quantitative Management LLC lifted its position in Visa Inc. (NYSE:V - Free Report) by 20.4% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 26,947 shares of the credit-card processor's stock after acquiring an additional 4,564 shares during the quarter. Visa accounts for approximately 1.3% of V Square Quantitative Management LLC's holdings, making the stock its 8th largest position. V Square Quantitative Management LLC's holdings in Visa were worth $7,520,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also made changes to their positions in the company. Altshuler Shaham Ltd acquired a new stake in shares of Visa in the 3rd quarter worth about $25,000. Livelsberger Financial Advisory bought a new position in Visa in the 4th quarter worth approximately $25,000. Westend Capital Management LLC acquired a new stake in Visa in the 1st quarter valued at approximately $25,000. O Brien Wealth Partners LLC bought a new stake in Visa during the 4th quarter valued at $32,000. Finally, Frank Rimerman Advisors LLC acquired a new position in Visa during the 4th quarter worth $33,000. 82.15% of the stock is owned by institutional investors and hedge funds.
Visa Stock Performance
Shares of NYSE V traded down $2.52 during trading hours on Tuesday, reaching $276.02. The stock had a trading volume of 6,577,868 shares, compared to its average volume of 6,366,592. The company has a market cap of $504.82 billion, a price-to-earnings ratio of 30.84, a PEG ratio of 1.92 and a beta of 0.95. Visa Inc. has a twelve month low of $216.14 and a twelve month high of $290.96. The business's fifty day moving average is $277.31 and its two-hundred day moving average is $269.42. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.40 and a quick 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, topping analysts' consensus estimates of $2.43 by $0.08. Visa had a net margin of 53.87% and a return on equity of 51.23%. The firm had revenue of $8.78 billion during the quarter, compared to analysts' expectations of $8.62 billion. During the same quarter last year, the company earned $2.09 earnings per share. The company's revenue for the quarter was up 9.9% compared to the same quarter last year. As a group, research analysts expect that Visa Inc. will post 9.94 EPS for the current year.
Visa Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 3rd. Shareholders of record on Friday, May 17th will be paid a dividend of $0.52 per share. The ex-dividend date is Thursday, May 16th. This represents a $2.08 annualized dividend and a yield of 0.75%. Visa's dividend payout ratio is 23.24%.
Insider Activity
In other Visa news, CEO Ryan Mcinerney sold 8,200 shares of the business's stock in a transaction 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 transaction, the chief executive officer now owns 538 shares of the company's stock, valued at $150,833.68. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other Visa news, insider Paul D. Fabara sold 25,293 shares of the stock in a transaction 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 transaction, the insider now directly owns 17,894 shares in the company, valued at approximately $4,959,322.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Ryan Mcinerney sold 8,200 shares of the business's stock in a transaction 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 disclosure for this sale can be found here. Over the last 90 days, insiders sold 34,402 shares of company stock worth $9,559,382. Insiders own 0.19% of the company's stock.
Analysts Set New Price Targets
A number of equities research analysts have weighed in on V shares. Piper Sandler started coverage on Visa in a research report on Monday, May 13th. They issued an "overweight" rating and a $322.00 target price for the company. UBS Group lifted their target price on Visa from $315.00 to $325.00 and gave the stock a "buy" rating in a report on Wednesday, April 24th. Mizuho upped their price target on shares of Visa from $265.00 to $275.00 and gave the company a "neutral" rating in a report on Thursday, May 2nd. Citigroup lifted their price objective on shares of Visa from $314.00 to $321.00 and gave the stock a "buy" rating in a research note on Wednesday, April 24th. Finally, Wedbush increased their target price on shares of Visa from $280.00 to $300.00 and gave the company an "outperform" rating in a research note on Wednesday, April 24th. Five investment analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the company. According to MarketBeat.com, Visa currently has a consensus rating of "Moderate Buy" and an average target price of $303.76.
Get Our Latest Analysis on V
About Visa
(
Free Report)
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.
See Also
Want to see what other hedge funds are holding V? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Visa Inc. (NYSE:V - Free Report).
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