7,044 Shares in Visa Inc. (NYSE:V) Bought by Sfm LLC

Sfm LLC acquired a new position in shares of Visa Inc. (NYSE:V) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 7,044 shares of the credit-card processor’s stock, valued at approximately $2,469,000. Visa makes up approximately 1.8% of Sfm LLC’s portfolio, making the stock its 14th largest holding.

Several other hedge funds and other institutional investors have also modified their holdings of V. Bradley & Co. Private Wealth Management LLC acquired a new stake in shares of Visa in the fourth quarter valued at about $27,000. Compass Planning Associates Inc acquired a new stake in Visa during the fourth quarter worth about $32,000. NewSquare Capital LLC acquired a new stake in Visa during the fourth quarter worth about $35,000. FPC Investment Advisory Inc. grew 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 buying an additional 83 shares in the last quarter. Finally, Sellwood Investment Partners LLC acquired a new stake in Visa during the fourth quarter worth about $41,000. 82.15% of the stock is currently owned by hedge funds and other institutional investors.

Visa Price Performance

V opened at $352.75 on Friday. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.45. Visa Inc. has a 12 month low of $252.70 and a 12 month high of $375.51. The company has a fifty day simple moving average of $349.76 and a 200 day simple moving average of $337.61. The stock has a market cap of $650.87 billion, a P/E ratio of 35.56, a P/E/G ratio of 2.33 and a beta of 0.94.

Visa (NYSE:V) last released 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 business had revenue of $9.59 billion during the quarter, compared to analysts’ expectations of $9.57 billion. During the same quarter in the prior year, the company earned $2.51 EPS. The firm’s quarterly revenue was up 9.3% on a year-over-year basis. On average, research analysts expect that Visa Inc. will post 11.3 EPS for the current year.

Visa Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, June 2nd. Investors of record on Tuesday, May 13th were paid a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a yield of 0.67%. The ex-dividend date was Tuesday, May 13th. Visa’s payout ratio is presently 23.72%.

Insider Buying and Selling

In related news, insider Paul D. Fabara sold 39,350 shares of the company’s stock in a transaction on Wednesday, March 19th. The shares were sold at an average price of $340.41, for a total value of $13,395,133.50. Following the completion of the transaction, the insider now directly owns 26,413 shares of the company’s stock, valued at approximately $8,991,249.33. This represents a 59.84% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, General Counsel Julie B. Rottenberg sold 2,575 shares of the company’s stock in a transaction on Thursday, May 1st. The stock was 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 directly owns 11,925 shares of the company’s stock, valued at approximately $4,121,041.50. The trade was a 17.76% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 140,448 shares of company stock valued at $50,133,659. Company insiders own 0.13% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on V shares. Susquehanna reissued a “positive” rating on shares of Visa in a research report on Friday, March 21st. Jefferies Financial Group lifted their target price on shares of Visa from $400.00 to $410.00 and gave the company a “buy” rating in a research note on Tuesday, May 27th. Mizuho upgraded shares of Visa from a “neutral” rating to an “outperform” rating and lifted their target price for the company from $359.00 to $425.00 in a research note on Thursday, June 5th. William Blair restated an “outperform” rating on shares of Visa in a research report on Wednesday, April 30th. Finally, UBS Group boosted their price objective on shares of Visa from $395.00 to $405.00 and gave the stock a “buy” rating in a research report on Wednesday, May 28th. Five equities research analysts have rated the stock with a hold rating, twenty-three have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $372.80.

About Visa

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.