Doliver Advisors LP Has $4.08 Million Position in Visa Inc. (NYSE:V)

Doliver Advisors LP lowered its position in Visa Inc. (NYSE:V) by 3.8% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 14,632 shares of the credit-card processor’s stock after selling 581 shares during the quarter. Visa accounts for approximately 1.1% of Doliver Advisors LP’s investment portfolio, making the stock its 12th largest position. Doliver Advisors LP’s holdings in Visa were worth $4,084,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Nadler Financial Group Inc. increased its position in Visa by 2.4% during the 4th quarter. Nadler Financial Group Inc. now owns 1,900 shares of the credit-card processor’s stock valued at $495,000 after purchasing an additional 44 shares during the period. Towerpoint Wealth LLC acquired a new stake in Visa during the 4th quarter valued at approximately $216,000. Andrew Hill Investment Advisors Inc. acquired a new stake in Visa during the 4th quarter valued at approximately $3,427,000. Richelieu Gestion SA acquired a new stake in Visa during the 4th quarter valued at approximately $307,000. Finally, Cooper Financial Group increased its position in Visa by 6.4% during the 4th quarter. Cooper Financial Group now owns 7,926 shares of the credit-card processor’s stock valued at $2,064,000 after purchasing an additional 476 shares during the period. Institutional investors and hedge funds own 82.15% of the company’s stock.

Visa Stock Performance

Shares of V opened at $276.17 on Tuesday. The company has a market cap of $505.10 billion, a PE ratio of 30.86, a price-to-earnings-growth ratio of 1.88 and a beta of 0.97. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 0.53. The stock has a 50-day moving average price of $274.07 and a 200-day moving average price of $273.29. Visa Inc. has a 12-month low of $226.02 and a 12-month high of $290.96.

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

Visa Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 3rd. Investors of record on Friday, May 17th were given 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 0.75%. Visa’s payout ratio is 23.24%.

Insider Buying and Selling

In related news, insider Paul D. Fabara sold 25,293 shares of the business’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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other Visa news, insider Paul D. Fabara sold 25,293 shares of the business’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 $4,959,322.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Lloyd Carney sold 909 shares of the business’s stock in a transaction that occurred on Friday, April 26th. The shares were sold at an average price of $275.55, for a total value of $250,474.95. Following the completion of the sale, the director now owns 2,591 shares of the company’s stock, valued at approximately $713,950.05. The disclosure for this sale can be found here. Insiders sold 34,402 shares of company stock worth $9,559,382 in the last quarter. 0.19% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

V has been the subject of a number of recent analyst reports. Mizuho increased their target price on shares of Visa from $265.00 to $275.00 and gave the company a “neutral” rating in a research report on Thursday, May 2nd. 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. William Blair reaffirmed an “outperform” rating on shares of Visa in a research report on Wednesday, April 24th. TD Cowen initiated coverage on shares of Visa in a research report on Thursday, April 11th. They set a “buy” rating and a $320.00 price objective for the company. Finally, UBS Group raised their price objective on shares of Visa from $315.00 to $325.00 and gave the stock a “buy” 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 company’s stock. According to MarketBeat, Visa presently has a consensus rating of “Moderate Buy” and an average price target 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.