Visa Inc. (NYSE:V) Shares Sold by PPS&V Asset Management Consultants Inc.

PPS&V Asset Management Consultants Inc. lowered its position in shares of Visa Inc. (NYSE:V) by 13.1% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,460 shares of the credit-card processor’s stock after selling 221 shares during the period. Visa makes up approximately 0.3% of PPS&V Asset Management Consultants Inc.’s portfolio, making the stock its 27th largest position. PPS&V Asset Management Consultants Inc.’s holdings in Visa were worth $407,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in V. Healthcare of Ontario Pension Plan Trust Fund boosted its position in shares of Visa by 3.1% during the 3rd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 15,926 shares of the credit-card processor’s stock worth $3,663,000 after purchasing an additional 486 shares during the period. Lavaca Capital LLC boosted its position in Visa by 3.4% in the 3rd quarter. Lavaca Capital LLC now owns 2,764 shares of the credit-card processor’s stock valued at $636,000 after buying an additional 92 shares during the period. MCIA Inc boosted its position in Visa by 6.2% in the 3rd quarter. MCIA Inc now owns 4,175 shares of the credit-card processor’s stock valued at $1,024,000 after buying an additional 242 shares during the period. Retirement Planning Co of New England Inc. boosted its position in Visa by 17.2% in the 3rd quarter. Retirement Planning Co of New England Inc. now owns 10,192 shares of the credit-card processor’s stock valued at $2,344,000 after buying an additional 1,497 shares during the period. Finally, 1623 Capital LLC boosted its position in Visa by 0.4% in the 3rd quarter. 1623 Capital LLC now owns 57,042 shares of the credit-card processor’s stock valued at $13,120,000 after buying an additional 242 shares during the period. Hedge funds and other institutional investors own 82.15% of the company’s stock.

Insider Buying and Selling at Visa

In other Visa news, insider Paul D. Fabara sold 25,293 shares of Visa stock in a transaction on Wednesday, May 15th. The shares were 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 $4,959,322.10. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, insider Paul D. Fabara sold 25,293 shares of the business’s stock in a transaction dated 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 transaction, the insider now directly owns 17,894 shares in the company, valued at $4,959,322.10. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Ryan Mcinerney sold 8,200 shares of the business’s stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $280.36, for a total transaction of $2,298,952.00. Following the transaction, the chief executive officer now owns 538 shares in the company, valued at $150,833.68. The disclosure for this sale can be found here. Over the last three months, insiders have sold 34,402 shares of company stock worth $9,559,382. 0.19% of the stock is owned by company insiders.

Visa Price Performance

Shares of NYSE:V opened at $275.20 on Friday. The company’s fifty day moving average price is $273.97 and its 200 day moving average price is $272.88. Visa Inc. has a 12 month low of $225.50 and a 12 month high of $290.96. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.40 and a quick ratio of 1.40. The firm has a market capitalization of $503.32 billion, a P/E ratio of 30.75, a P/E/G ratio of 1.89 and a beta of 0.97.

Visa (NYSE:V) last announced its quarterly earnings results on Tuesday, April 23rd. The credit-card processor reported $2.51 EPS for the quarter, topping the consensus estimate of $2.43 by $0.08. The firm had revenue of $8.78 billion for the quarter, compared to analyst estimates of $8.62 billion. Visa had a net margin of 53.87% and a return on equity of 51.23%. Visa’s revenue for the quarter was up 9.9% compared to the same quarter last year. During the same period last year, the business earned $2.09 EPS. As a group, sell-side analysts predict that Visa Inc. will post 9.94 earnings per share for the current fiscal year.

Visa Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 3rd. Shareholders of record on Friday, May 17th were paid a $0.52 dividend. The ex-dividend date of this dividend was Thursday, May 16th. This represents a $2.08 dividend on an annualized basis and a yield of 0.76%. Visa’s dividend payout ratio is presently 23.24%.

Wall Street Analysts Forecast Growth

Several brokerages have commented on V. Evercore ISI raised their price target on shares of Visa from $325.00 to $335.00 and gave the company an “outperform” rating in a research report on Tuesday, March 26th. Piper Sandler began coverage on shares of Visa in a research report on Monday, May 13th. They issued an “overweight” rating and a $322.00 price target for the company. UBS Group raised their price target on shares of Visa from $315.00 to $325.00 and gave the company a “buy” rating in a research report on Wednesday, April 24th. 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 report on Wednesday, April 24th. Finally, Oppenheimer lifted their price objective on shares of Visa from $297.00 to $299.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 24th. Five equities research analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the stock. Based on data from MarketBeat, Visa presently has a consensus rating of “Moderate Buy” and a consensus target price of $303.76.

Visa 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.