Visa Inc. (NYSE:V) Shares Purchased by Nissay Asset Management Corp Japan ADV

Nissay Asset Management Corp Japan ADV lifted its stake in Visa Inc. (NYSE:V - Free Report) by 7.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 332,581 shares of the credit-card processor's stock after purchasing an additional 22,492 shares during the period. Visa makes up 0.6% of Nissay Asset Management Corp Japan ADV's investment portfolio, making the stock its 28th largest holding. Nissay Asset Management Corp Japan ADV's holdings in Visa were worth $105,980,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently bought and sold shares of V. Nicholas Investment Partners LP acquired a new stake in shares of Visa during the fourth quarter valued at $266,000. Night Owl Capital Management LLC boosted its stake in shares of Visa by 3.6% during the 4th quarter. Night Owl Capital Management LLC now owns 86,765 shares of the credit-card processor's stock worth $27,421,000 after purchasing an additional 3,012 shares during the last quarter. NorthRock Partners LLC boosted its stake in shares of Visa by 98.5% during the 4th quarter. NorthRock Partners LLC now owns 25,467 shares of the credit-card processor's stock worth $8,048,000 after purchasing an additional 12,639 shares during the last quarter. Northeast Financial Consultants Inc grew its stake in Visa by 1.2% in the 4th quarter. Northeast Financial Consultants Inc now owns 23,367 shares of the credit-card processor's stock worth $7,385,000 after acquiring an additional 274 shares during the period. Finally, OMERS ADMINISTRATION Corp grew its stake in Visa by 36.0% in the 4th quarter. OMERS ADMINISTRATION Corp now owns 93,236 shares of the credit-card processor's stock worth $29,466,000 after acquiring an additional 24,676 shares during the period. Institutional investors and hedge funds own 82.15% of the company's stock.

Insider Buying and Selling at Visa

In related news, CEO Ryan Mcinerney sold 8,620 shares of Visa stock in a transaction dated 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 transaction, the chief executive officer now directly owns 537 shares in the company, valued at approximately $188,186.28. This trade represents a 94.14% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Paul D. Fabara sold 39,350 shares of Visa stock in a transaction dated Friday, March 14th. The stock was sold at an average price of $327.20, for a total value of $12,875,320.00. Following the completion of the transaction, the insider now owns 26,413 shares of the company's stock, valued at $8,642,333.60. This trade represents a 59.84% decrease in their ownership of the stock. 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. Corporate insiders own 0.13% of the company's stock.

Visa Price Performance

V opened at $356.13 on Wednesday. The company has a fifty day simple moving average of $337.30 and a 200 day simple moving average of $328.04. The firm has a market cap of $661.61 billion, a price-to-earnings ratio of 35.90, a PEG ratio of 2.33 and a beta of 0.96. Visa Inc. has a twelve month low of $252.70 and a twelve month high of $366.54. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.45.

Visa (NYSE:V - Get Free Report) last announced its earnings results on Tuesday, April 29th. The credit-card processor reported $2.76 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.68 by $0.08. Visa had a return on equity of 54.79% and a net margin of 54.27%. The business had revenue of $9.59 billion for the quarter, compared to analyst estimates of $9.57 billion. During the same period in the previous year, the company earned $2.51 earnings per share. The company's revenue for the quarter was up 9.3% compared to the same quarter last year. Equities research analysts expect that Visa Inc. will post 11.3 EPS for the current fiscal year.

Visa Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 2nd. Stockholders of record on Tuesday, May 13th will be given a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a dividend yield of 0.66%. The ex-dividend date is Tuesday, May 13th. Visa's payout ratio is 23.72%.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the stock. William Blair reiterated an "outperform" rating on shares of Visa in a report on Wednesday, April 30th. BMO Capital Markets lifted their price target on shares of Visa from $370.00 to $380.00 and gave the company an "outperform" rating in a report on Wednesday, April 30th. Oppenheimer reiterated an "outperform" rating on shares of Visa in a report on Thursday, February 13th. JPMorgan Chase & Co. lifted their price target on shares of Visa from $340.00 to $375.00 and gave the company an "overweight" rating in a report on Friday, January 31st. Finally, Piper Sandler lifted their price target on shares of Visa from $383.00 to $384.00 and gave the company an "overweight" rating in a report on Wednesday, April 30th. Six investment 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 stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $362.38.

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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