Vista Investment Partners LLC Increases Stake in Visa Inc. $V

Vista Investment Partners LLC lifted its position in Visa Inc. (NYSE:VFree Report) by 45.7% in the 4th quarter, HoldingsChannel.com reports. The fund owned 5,365 shares of the credit-card processor’s stock after buying an additional 1,683 shares during the period. Vista Investment Partners LLC’s holdings in Visa were worth $1,882,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the business. Parvin Asset Management LLC raised its holdings in shares of Visa by 200.0% in the 3rd quarter. Parvin Asset Management LLC now owns 75 shares of the credit-card processor’s stock valued at $26,000 after purchasing an additional 50 shares in the last quarter. Sagard Holdings Management Inc. bought a new position in shares of Visa during the second quarter valued at approximately $31,000. Imprint Wealth LLC bought a new position in shares of Visa during the third quarter valued at approximately $39,000. Strategic Advocates LLC purchased a new position in Visa during the third quarter valued at approximately $43,000. Finally, Moisand Fitzgerald Tamayo LLC increased its holdings in Visa by 344.8% during the third quarter. Moisand Fitzgerald Tamayo LLC now owns 129 shares of the credit-card processor’s stock valued at $44,000 after buying an additional 100 shares during the period. 82.15% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, Director Lloyd Carney sold 650 shares of the company’s stock in a transaction dated Wednesday, March 11th. The stock was sold at an average price of $309.62, for a total value of $201,253.00. Following the sale, the director owned 2,679 shares in the company, valued at $829,471.98. This represents a 19.53% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.12% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of research analysts have recently issued reports on V shares. Royal Bank Of Canada reiterated an “outperform” rating and issued a $395.00 price target on shares of Visa in a report on Friday, January 30th. Evercore set a $380.00 price target on shares of Visa in a report on Friday, December 12th. TD Cowen reaffirmed a “buy” rating on shares of Visa in a research report on Friday, January 30th. Piper Sandler set a $160.00 price target on Visa in a research note on Wednesday, January 28th. Finally, Loop Capital began coverage on shares of Visa in a research note on Tuesday, March 31st. They issued a “buy” rating and a $387.00 target price for the company. Seven investment analysts have rated the stock with a Strong Buy rating, twenty have given a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, Visa currently has a consensus rating of “Buy” and a consensus price target of $390.96.

Read Our Latest Analysis on V

More Visa News

Here are the key news stories impacting Visa this week:

Visa Stock Up 0.0%

V stock opened at $300.88 on Friday. The firm’s fifty day simple moving average is $315.08 and its 200-day simple moving average is $331.47. The company has a market capitalization of $546.14 billion, a P/E ratio of 28.22, a price-to-earnings-growth ratio of 1.72 and a beta of 0.80. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.11 and a quick ratio of 1.11. Visa Inc. has a 12 month low of $293.89 and a 12 month high of $375.51.

Visa (NYSE:VGet Free Report) last issued its earnings results on Thursday, January 29th. The credit-card processor reported $3.17 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.14 by $0.03. The firm had revenue of $10.90 billion during the quarter, compared to analysts’ expectations of $10.69 billion. Visa had a net margin of 50.23% and a return on equity of 61.74%. The firm’s revenue was up 14.6% compared to the same quarter last year. During the same quarter last year, the company posted $2.75 earnings per share. As a group, equities research analysts forecast that Visa Inc. will post 11.3 earnings per share for the current year.

Visa Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 2nd. Shareholders of record on Tuesday, February 10th were paid a dividend of $0.67 per share. The ex-dividend date was Tuesday, February 10th. This represents a $2.68 dividend on an annualized basis and a dividend yield of 0.9%. Visa’s dividend payout ratio (DPR) is presently 25.14%.

About Visa

(Free Report)

Visa Inc is a global payments technology company that facilitates electronic funds transfers and digital commerce by connecting consumers, merchants, financial institutions and governments. The firm operates one of the world’s largest payment networks, providing processing, authorization, clearing and settlement services for credit, debit and prepaid card transactions. Visa’s network-based model enables partner banks and other issuers to offer branded payment products while Visa focuses on the infrastructure, standards and technologies that move money securely and efficiently around the world.

Visa’s product and service portfolio includes card-based payment products for consumers and businesses, real-time push-payment capabilities, tokenization and authentication services, fraud and risk-management tools, data analytics and APIs for fintech and merchant integration.

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Institutional Ownership by Quarter for Visa (NYSE:V)

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