Cambridge Investment Research Advisors Inc. Has $132.43 Million Holdings in Visa Inc. (NYSE:V)

Cambridge Investment Research Advisors Inc. grew its holdings in Visa Inc. (NYSE:V) by 3.5% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 377,861 shares of the credit-card processor’s stock after buying an additional 12,806 shares during the period. Cambridge Investment Research Advisors Inc.’s holdings in Visa were worth $132,425,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the business. Crumly & Associates Inc. increased its holdings in shares of Visa by 2.1% in the first quarter. Crumly & Associates Inc. now owns 2,181 shares of the credit-card processor’s stock valued at $764,000 after purchasing an additional 45 shares during the last quarter. Madison Wealth Partners Inc boosted its holdings in shares of Visa by 1.2% during the 1st quarter. Madison Wealth Partners Inc now owns 3,599 shares of the credit-card processor’s stock worth $1,261,000 after buying an additional 44 shares during the period. Cherry Creek Investment Advisors Inc. boosted its holdings in shares of Visa by 2.2% during the 1st quarter. Cherry Creek Investment Advisors Inc. now owns 15,280 shares of the credit-card processor’s stock worth $5,355,000 after buying an additional 332 shares during the period. MBE Wealth Management LLC acquired a new position in Visa in the 1st quarter valued at about $451,000. Finally, Wolff Wiese Magana LLC raised its holdings in Visa by 0.3% in the 1st quarter. Wolff Wiese Magana LLC now owns 12,802 shares of the credit-card processor’s stock valued at $4,487,000 after acquiring an additional 40 shares during the period. 82.15% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other Visa news, insider Paul D. Fabara sold 46,214 shares of the business’s stock in a transaction on Thursday, June 5th. The shares were sold at an average price of $370.00, for a total transaction of $17,099,180.00. Following the sale, the insider now owns 26,413 shares of the company’s stock, valued at approximately $9,772,810. The trade was a 63.63% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Ryan Mcinerney sold 8,620 shares of the stock in a transaction on Thursday, May 1st. The shares were sold at an average price of $345.58, for a total value of $2,978,899.60. Following the completion of the transaction, the chief executive officer now owns 537 shares of the company’s stock, valued at $185,576.46. The trade was a 94.14% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 101,098 shares of company stock worth $36,738,526. Corporate insiders own 0.13% of the company’s stock.

Visa Stock Down 0.7%

NYSE V opened at $338.04 on Monday. The business has a fifty day moving average price of $351.78 and a two-hundred day moving average price of $338.94. The stock has a market capitalization of $623.73 billion, a PE ratio of 33.97, a PEG ratio of 2.28 and a beta of 0.94. Visa Inc. has a fifty-two week low of $252.70 and a fifty-two week high of $375.51. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.08 and a quick ratio of 1.08.

Visa (NYSE:V) last posted its quarterly earnings results on Tuesday, April 29th. The credit-card processor reported $2.76 EPS for the quarter, topping analysts’ consensus estimates of $2.68 by $0.08. The company had revenue of $9.59 billion during the quarter, compared to analysts’ expectations of $9.57 billion. Visa had a return on equity of 56.28% and a net margin of 52.86%. Visa’s revenue was up 9.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.51 EPS. Equities analysts expect that Visa Inc. will post 11.3 earnings per share for the current fiscal year.

Visa Dividend Announcement

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. The ex-dividend date of this dividend was Tuesday, May 13th. This represents a $2.36 dividend on an annualized basis and a dividend yield of 0.70%. Visa’s dividend payout ratio (DPR) is currently 23.72%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on V shares. Susquehanna restated a “positive” rating on shares of Visa in a report on Friday, March 21st. Piper Sandler lifted their price target on Visa from $383.00 to $384.00 and gave the stock an “overweight” rating in a report on Wednesday, April 30th. BMO Capital Markets boosted their price target on Visa from $370.00 to $380.00 and gave the company an “outperform” rating in a research note on Wednesday, April 30th. William Blair reaffirmed an “outperform” rating on shares of Visa in a report on Wednesday, April 30th. Finally, Truist Financial began coverage on Visa in a research report on Monday, June 2nd. They set a “buy” rating and a $400.00 price objective on the stock. Five research analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $372.80.

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.