WBI Investments LLC Acquires 5,636 Shares of Visa Inc. (NYSE:V)

WBI Investments LLC boosted its holdings in Visa Inc. (NYSE:V - Free Report) by 77.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 12,873 shares of the credit-card processor's stock after purchasing an additional 5,636 shares during the quarter. WBI Investments LLC's holdings in Visa were worth $3,351,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Altshuler Shaham Ltd purchased a new position in Visa in the 3rd quarter valued at approximately $25,000. O Brien Wealth Partners LLC bought a new stake in shares of Visa in the 4th quarter worth $32,000. Valued Wealth Advisors LLC purchased a new stake in Visa during the fourth quarter valued at $37,000. Delos Wealth Advisors LLC lifted its position in Visa by 2,500.0% during the fourth quarter. Delos Wealth Advisors LLC now owns 156 shares of the credit-card processor's stock valued at $41,000 after purchasing an additional 150 shares in the last quarter. Finally, Tidemark LLC bought a new stake in Visa during the fourth quarter valued at about $51,000. Institutional investors own 82.15% of the company's stock.

Visa Price Performance

Shares of V traded down $0.34 during midday trading on Wednesday, reaching $275.61. The stock had a trading volume of 4,201,501 shares, compared to its average volume of 6,344,726. The company's 50-day moving average is $277.31 and its 200 day moving average is $269.42. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 0.53. Visa Inc. has a 12-month low of $216.14 and a 12-month high of $290.96. The company has a market capitalization of $504.07 billion, a price-to-earnings ratio of 30.81, a price-to-earnings-growth ratio of 1.92 and a beta of 0.95.

Visa (NYSE:V - Get Free Report) last released its quarterly earnings results on Tuesday, April 23rd. The credit-card processor reported $2.51 earnings per share for the quarter, beating the consensus estimate of $2.43 by $0.08. Visa had a net margin of 53.87% and a return on equity of 51.23%. The business had revenue of $8.78 billion for the quarter, compared to analysts' expectations of $8.62 billion. During the same quarter in the previous year, the business posted $2.09 earnings per share. The firm's revenue for the quarter was up 9.9% compared to the same quarter last year. On average, equities analysts predict that Visa Inc. will post 9.86 EPS for the current fiscal year.

Visa Announces Dividend

The company also recently declared 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 dividend on an annualized basis and a dividend yield of 0.75%. Visa's dividend payout ratio is currently 23.24%.

Insiders Place Their Bets

In other news, insider Paul D. Fabara sold 25,293 shares of Visa stock in a transaction that occurred on Wednesday, May 15th. The shares were 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 in the company, valued at $4,959,322.10. The transaction was disclosed in a document filed with the SEC, which is available at this link. In other news, CEO Ryan Mcinerney sold 8,200 shares of the 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 transaction, the chief executive officer now directly owns 538 shares of the company's stock, valued at $150,833.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Paul D. Fabara sold 25,293 shares of the company's 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 owns 17,894 shares in the company, valued at approximately $4,959,322.10. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 34,402 shares of company stock worth $9,559,382. Company insiders own 0.19% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on V shares. Barclays raised their target price on shares of Visa from $304.00 to $319.00 and gave the stock an "overweight" rating in a report on Monday, January 29th. Robert W. Baird increased their price objective on Visa from $314.00 to $320.00 and gave the company an "outperform" rating in a report on Wednesday, April 17th. Raymond James boosted their price objective on Visa from $287.00 to $311.00 and gave the company an "outperform" rating in a report on Friday, January 26th. Piper Sandler initiated coverage on shares of Visa in a research report on Monday, May 13th. They set an "overweight" rating and a $322.00 price objective for the company. Finally, Macquarie upped their target price on shares of Visa from $290.00 to $300.00 and gave the stock an "outperform" rating in a report on Wednesday, April 24th. Five investment analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average 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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