Visa Inc. (NYSE:V) Shares Sold by LexAurum Advisors LLC

LexAurum Advisors LLC decreased its stake in Visa Inc. (NYSE:V) by 3.5% during the 1st quarter, Holdings Channel reports. The firm owned 2,397 shares of the credit-card processor’s stock after selling 86 shares during the quarter. LexAurum Advisors LLC’s holdings in Visa were worth $840,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the stock. Bradley & Co. Private Wealth Management LLC acquired a new position in Visa during the fourth quarter worth about $27,000. POM Investment Strategies LLC boosted its position in Visa by 48.5% during the fourth quarter. POM Investment Strategies LLC now owns 98 shares of the credit-card processor’s stock worth $31,000 after acquiring an additional 32 shares during the last quarter. Compass Planning Associates Inc acquired a new position in Visa during the fourth quarter worth about $32,000. NewSquare Capital LLC acquired a new position in Visa during the fourth quarter worth about $35,000. Finally, FPC Investment Advisory Inc. boosted its position in Visa by 377.3% during the fourth quarter. FPC Investment Advisory Inc. now owns 105 shares of the credit-card processor’s stock worth $36,000 after acquiring an additional 83 shares during the last quarter. Institutional investors and hedge funds own 82.15% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently weighed in on V. The Goldman Sachs Group began coverage on shares of Visa in a research report on Monday, June 2nd. They set a “neutral” rating on the stock. Piper Sandler lifted their target price on shares of Visa from $383.00 to $384.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 30th. Mizuho upgraded shares of Visa from a “neutral” rating to an “outperform” rating and boosted their target price for the company from $359.00 to $425.00 in a report on Thursday. Susquehanna reiterated a “positive” rating on shares of Visa in a report on Friday, March 21st. Finally, UBS Group boosted their target price on shares of Visa from $395.00 to $405.00 and gave the company a “buy” rating in a report on Wednesday, May 28th. Five investment analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Visa has an average rating of “Moderate Buy” and a consensus target price of $372.80.

Visa Price Performance

Shares of V opened at $370.44 on Friday. Visa Inc. has a fifty-two week low of $252.70 and a fifty-two week high of $371.00. The firm’s 50 day moving average price is $345.45 and its 200 day moving average price is $335.70. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.45. The company has a market cap of $683.52 billion, a P/E ratio of 37.34, a PEG ratio of 2.33 and a beta of 0.94.

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

Visa Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 2nd. Stockholders of record on Tuesday, May 13th were issued a $0.59 dividend. This represents a $2.36 annualized dividend and a dividend yield of 0.64%. The ex-dividend date of this dividend was Tuesday, May 13th. Visa’s payout ratio is 23.72%.

Insider Activity

In other Visa news, General Counsel Julie B. Rottenberg sold 2,575 shares of the company’s stock in a transaction 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 transaction, the general counsel now owns 11,925 shares in the company, valued at approximately $4,121,041.50. This represents a 17.76% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Paul D. Fabara sold 39,350 shares of the company’s stock in a transaction on Friday, March 14th. The stock was sold at an average price of $327.20, for a total transaction of $12,875,320.00. Following the transaction, the insider now owns 26,413 shares of the company’s stock, valued at approximately $8,642,333.60. The trade was a 59.84% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 168,162 shares of company stock worth $58,645,479. Corporate insiders own 0.13% of the company’s stock.

Visa Company 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.