MainStreet Investment Advisors LLC increased its position in shares of Visa Inc (NYSE:V) by 33.0% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 43,233 shares of the credit-card processor’s stock after buying an additional 10,727 shares during the quarter. MainStreet Investment Advisors LLC’s holdings in Visa were worth $6,966,000 at the end of the most recent reporting period.
Other hedge funds have also recently added to or reduced their stakes in the company. Stephenson National Bank & Trust purchased a new stake in shares of Visa during the 4th quarter valued at approximately $28,000. AlphaMark Advisors LLC raised its position in shares of Visa by 57.8% during the 1st quarter. AlphaMark Advisors LLC now owns 172 shares of the credit-card processor’s stock valued at $28,000 after buying an additional 63 shares during the period. Laffer Investments purchased a new stake in shares of Visa during the 4th quarter valued at approximately $31,000. Accurate Investment Solutions Inc. raised its position in shares of Visa by 117.1% during the 1st quarter. Accurate Investment Solutions Inc. now owns 241 shares of the credit-card processor’s stock valued at $39,000 after buying an additional 130 shares during the period. Finally, Sageworth Trust Co purchased a new stake in Visa in the fourth quarter valued at approximately $40,000. 81.88% of the stock is currently owned by hedge funds and other institutional investors.
Shares of V stock traded up $0.24 on Friday, reaching $190.86. 5,581,642 shares of the stock were exchanged, compared to its average volume of 9,964,502. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 0.48. The business’s 50 day moving average price is $173.48 and its 200 day moving average price is $183.49. The company has a market capitalization of $370.47 billion, a price-to-earnings ratio of 34.39, a PEG ratio of 3.03 and a beta of 0.92. Visa Inc has a twelve month low of $133.93 and a twelve month high of $214.17.
Visa (NYSE:V) last issued its earnings results on Thursday, April 30th. The credit-card processor reported $1.39 EPS for the quarter, topping analysts’ consensus estimates of $1.35 by $0.04. The firm had revenue of $5.85 billion during the quarter, compared to the consensus estimate of $5.75 billion. Visa had a net margin of 52.26% and a return on equity of 43.45%. The company’s revenue was up 6.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.31 earnings per share. Equities research analysts forecast that Visa Inc will post 4.99 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 2nd. Investors of record on Thursday, May 14th will be paid a dividend of $0.30 per share. The ex-dividend date is Wednesday, May 13th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.63%. Visa’s payout ratio is currently 22.06%.
In other Visa news, CEO Alfred F. Kelly, Jr. sold 7,000 shares of the company’s stock in a transaction on Monday, March 30th. The shares were sold at an average price of $161.40, for a total value of $1,129,800.00. Following the completion of the transaction, the chief executive officer now owns 142,090 shares in the company, valued at $22,933,326. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In the last quarter, insiders have sold 21,000 shares of company stock valued at $3,620,540. Insiders own 0.19% of the company’s stock.
V has been the topic of a number of research analyst reports. Cantor Fitzgerald boosted their target price on Visa from $200.00 to $228.00 and gave the company an “overweight” rating in a research report on Friday, January 31st. Zacks Investment Research raised Visa from a “sell” rating to a “hold” rating and set a $181.00 target price on the stock in a research report on Sunday, May 3rd. William Blair reissued an “outperform” rating on shares of Visa in a research report on Wednesday, February 12th. Wedbush boosted their target price on Visa from $170.00 to $200.00 and gave the company an “outperform” rating in a research report on Monday, April 27th. Finally, Nomura Securities cut their target price on Visa from $233.00 to $214.00 and set a “buy” rating on the stock in a research report on Thursday, April 9th. Five analysts have rated the stock with a hold rating and twenty-five have given a buy rating to the stock. Visa presently has a consensus rating of “Buy” and an average price target of $202.75.
Visa Inc operates as a payments technology company worldwide. The company facilitates commerce through the transfer of value and information among consumers, merchants, financial institutions, businesses, strategic partners, and government entities. It operates VisaNet, a processing network that enables authorization, clearing, and settlement of payment transactions; and offers fraud protection for account holders and assured payment for merchants.
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