V Square Quantitative Management LLC Grows Stock Position in Visa Inc. (NYSE:V)

V Square Quantitative Management LLC lifted its position in Visa Inc. (NYSE:VFree Report) by 20.4% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 26,947 shares of the credit-card processor’s stock after acquiring an additional 4,564 shares during the quarter. Visa accounts for approximately 1.3% of V Square Quantitative Management LLC’s holdings, making the stock its 8th largest position. V Square Quantitative Management LLC’s holdings in Visa were worth $7,520,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Altshuler Shaham Ltd acquired a new stake in shares of Visa in the 3rd quarter worth about $25,000. Livelsberger Financial Advisory bought a new position in Visa in the 4th quarter worth approximately $25,000. Westend Capital Management LLC acquired a new stake in Visa in the 1st quarter valued at approximately $25,000. O Brien Wealth Partners LLC bought a new stake in Visa during the 4th quarter valued at $32,000. Finally, Frank Rimerman Advisors LLC acquired a new position in Visa during the 4th quarter worth $33,000. 82.15% of the stock is owned by institutional investors and hedge funds.

Visa Stock Performance

Shares of NYSE V traded down $2.52 during trading hours on Tuesday, reaching $276.02. The stock had a trading volume of 6,577,868 shares, compared to its average volume of 6,366,592. The company has a market cap of $504.82 billion, a price-to-earnings ratio of 30.84, a PEG ratio of 1.92 and a beta of 0.95. Visa Inc. has a twelve month low of $216.14 and a twelve month high of $290.96. The business’s fifty day moving average is $277.31 and its two-hundred day moving average is $269.42. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.40 and a quick ratio of 1.40.

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

Visa Dividend Announcement

The company also recently disclosed 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 annualized dividend and a yield of 0.75%. Visa’s dividend payout ratio is 23.24%.

Insider Activity

In other Visa news, CEO Ryan Mcinerney sold 8,200 shares of the business’s stock in a transaction on 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 owns 538 shares of the company’s stock, valued at $150,833.68. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other Visa news, insider Paul D. Fabara sold 25,293 shares of the stock in a transaction 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 transaction, the insider now directly owns 17,894 shares in the company, valued at approximately $4,959,322.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Ryan Mcinerney sold 8,200 shares of the business’s stock in a transaction on 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 sale, the chief executive officer now owns 538 shares of the company’s stock, valued at approximately $150,833.68. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 34,402 shares of company stock worth $9,559,382. Insiders own 0.19% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on V shares. Piper Sandler started coverage on Visa in a research report on Monday, May 13th. They issued an “overweight” rating and a $322.00 target price for the company. UBS Group lifted their target price on Visa from $315.00 to $325.00 and gave the stock a “buy” rating in a report on Wednesday, April 24th. Mizuho upped their price target on shares of Visa from $265.00 to $275.00 and gave the company a “neutral” rating in a report on Thursday, May 2nd. 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 note on Wednesday, April 24th. Finally, Wedbush increased their target price on shares of Visa from $280.00 to $300.00 and gave the company an “outperform” rating in a research note on Wednesday, April 24th. Five investment analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the company. According to MarketBeat.com, Visa currently has a consensus rating of “Moderate Buy” and an average target price of $303.76.

Get Our Latest Analysis on V

About Visa

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Visa (NYSE:V)

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