Vident Advisory LLC Raises Stock Position in Visa Inc. (NYSE:V)

Vident Advisory LLC increased its position in Visa Inc. (NYSE:V) by 239.0% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 282,741 shares of the credit-card processor’s stock after purchasing an additional 199,336 shares during the quarter. Visa makes up 1.6% of Vident Advisory LLC’s holdings, making the stock its 8th largest position. Vident Advisory LLC’s holdings in Visa were worth $89,360,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Regent Peak Wealth Advisors LLC lifted its stake in Visa by 2.5% in the 4th quarter. Regent Peak Wealth Advisors LLC now owns 4,927 shares of the credit-card processor’s stock valued at $1,557,000 after purchasing an additional 121 shares during the last quarter. Capital & Planning LLC raised its stake in Visa by 21.2% during the fourth quarter. Capital & Planning LLC now owns 949 shares of the credit-card processor’s stock worth $300,000 after buying an additional 166 shares during the last quarter. Woodstock Corp raised its stake in Visa by 0.6% during the fourth quarter. Woodstock Corp now owns 36,844 shares of the credit-card processor’s stock worth $11,644,000 after buying an additional 218 shares during the last quarter. Yarger Wealth Strategies LLC grew its holdings in Visa by 14.0% in the fourth quarter. Yarger Wealth Strategies LLC now owns 2,309 shares of the credit-card processor’s stock worth $730,000 after purchasing an additional 283 shares during the period. Finally, Procyon Advisors LLC grew its holdings in Visa by 4.5% in the fourth quarter. Procyon Advisors LLC now owns 68,681 shares of the credit-card processor’s stock worth $21,706,000 after purchasing an additional 2,943 shares during the period. Institutional investors and hedge funds own 82.15% of the company’s stock.

Insiders Place Their Bets

In other news, insider Paul D. Fabara sold 39,350 shares of the business’s stock in a transaction that occurred on Friday, March 14th. The shares were sold at an average price of $327.20, for a total value of $12,875,320.00. Following the sale, the insider now owns 26,413 shares of the company’s stock, valued at $8,642,333.60. The trade was a 59.84% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, General Counsel Julie B. Rottenberg sold 2,575 shares of the business’s stock in a transaction that occurred on Thursday, May 1st. The shares were sold at an average price of $345.58, for a total transaction of $889,868.50. Following the completion of the sale, the general counsel now directly owns 11,925 shares in the company, valued at approximately $4,121,041.50. This trade represents a 17.76% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 121,948 shares of company stock valued at $41,548,282. Company insiders own 0.13% of the company’s stock.

Visa Stock Up 0.8%

Visa stock opened at $365.23 on Monday. Visa Inc. has a fifty-two week low of $252.70 and a fifty-two week high of $366.54. The stock has a market cap of $673.90 billion, a PE ratio of 36.82, a price-to-earnings-growth ratio of 2.33 and a beta of 0.96. The firm’s 50-day simple moving average is $338.59 and its 200 day simple moving average is $329.89. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.12 and a current ratio of 1.12.

Visa (NYSE:V) last announced its quarterly earnings data on Tuesday, April 29th. The credit-card processor reported $2.76 EPS for the quarter, topping the consensus estimate of $2.68 by $0.08. The business had revenue of $9.59 billion for the quarter, compared to analyst estimates of $9.57 billion. Visa had a net margin of 54.27% and a return on equity of 54.79%. The company’s revenue for the quarter was up 9.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.51 earnings per share. Research analysts predict that Visa Inc. will post 11.3 EPS for the current fiscal year.

Visa Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 2nd. Shareholders of record on Tuesday, May 13th will be given a $0.59 dividend. This represents a $2.36 annualized dividend and a yield of 0.65%. The ex-dividend date is Tuesday, May 13th. Visa’s dividend payout ratio is 23.72%.

Wall Street Analysts Forecast Growth

A number of research firms have commented on V. Citigroup restated a “neutral” rating on shares of Visa in a report on Thursday, February 13th. JPMorgan Chase & Co. lifted their price objective on shares of Visa from $340.00 to $375.00 and gave the company an “overweight” rating in a report on Friday, January 31st. Macquarie reduced their price objective on shares of Visa from $400.00 to $380.00 and set an “outperform” rating for the company in a report on Wednesday, April 30th. Piper Sandler lifted their price objective on shares of Visa from $383.00 to $384.00 and gave the company an “overweight” rating in a report on Wednesday, April 30th. Finally, Wells Fargo & Company lifted their price objective on shares of Visa from $360.00 to $395.00 and gave the company an “overweight” rating in a report on Friday, January 31st. Six 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 company’s stock. Based on data from MarketBeat, Visa currently has a consensus rating of “Moderate Buy” and a consensus target price of $362.38.

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.