Waverly Advisors LLC Acquires 13,786 Shares of Visa Inc. (NYSE:V)

Waverly Advisors LLC raised its holdings in Visa Inc. (NYSE:V) by 29.5% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 60,546 shares of the credit-card processor’s stock after purchasing an additional 13,786 shares during the period. Waverly Advisors LLC’s holdings in Visa were worth $19,135,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the business. Regent Peak Wealth Advisors LLC lifted its holdings in shares of Visa by 2.5% during the 4th quarter. Regent Peak Wealth Advisors LLC now owns 4,927 shares of the credit-card processor’s stock worth $1,557,000 after acquiring an additional 121 shares during the period. Capital & Planning LLC boosted its position in Visa by 21.2% in the fourth quarter. Capital & Planning LLC now owns 949 shares of the credit-card processor’s stock valued at $300,000 after buying an additional 166 shares in the last quarter. Spring Capital Management LLC boosted its position in Visa by 12.2% in the fourth quarter. Spring Capital Management LLC now owns 23,492 shares of the credit-card processor’s stock valued at $7,424,000 after buying an additional 2,548 shares in the last quarter. Integrated Investment Consultants LLC grew its stake in shares of Visa by 2.8% during the fourth quarter. Integrated Investment Consultants LLC now owns 2,967 shares of the credit-card processor’s stock worth $938,000 after buying an additional 80 shares during the last quarter. Finally, Verity & Verity LLC increased its holdings in shares of Visa by 137.7% during the fourth quarter. Verity & Verity LLC now owns 4,761 shares of the credit-card processor’s stock worth $1,505,000 after buying an additional 2,758 shares in the last quarter. Institutional investors own 82.15% of the company’s stock.

Visa Price Performance

V stock opened at $367.76 on Tuesday. The stock has a market capitalization of $678.58 billion, a PE ratio of 37.07, a price-to-earnings-growth ratio of 2.33 and a beta of 0.96. The company’s 50-day moving average is $339.28 and its 200-day moving average is $330.43. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.12 and a quick ratio of 1.12. Visa Inc. has a 1 year low of $252.70 and a 1 year high of $369.15.

Visa (NYSE:V) last released its quarterly earnings data on Tuesday, April 29th. The credit-card processor reported $2.76 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.68 by $0.08. The company had revenue of $9.59 billion for the quarter, compared to analysts’ expectations of $9.57 billion. Visa had a net margin of 54.27% and a return on equity of 54.79%. The business’s revenue was up 9.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.51 EPS. Equities research analysts expect 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. Stockholders of record on Tuesday, May 13th will be given a dividend of $0.59 per share. The ex-dividend date is Tuesday, May 13th. This represents a $2.36 dividend on an annualized basis and a dividend yield of 0.64%. Visa’s dividend payout ratio (DPR) is presently 23.72%.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the stock. Susquehanna reiterated a “positive” rating on shares of Visa in a report on Friday, March 21st. The Goldman Sachs Group upped their price target on shares of Visa from $346.00 to $384.00 and gave the stock a “buy” rating in a report on Friday, January 31st. Wells Fargo & Company upped their price target on shares of Visa from $360.00 to $395.00 and gave the stock an “overweight” rating in a report on Friday, January 31st. Barclays upped their price target on shares of Visa from $361.00 to $396.00 and gave the stock an “overweight” rating in a report on Monday, February 3rd. Finally, Piper Sandler upped their price target on shares of Visa from $383.00 to $384.00 and gave the stock an “overweight” rating in a report on Wednesday, April 30th. Six analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $362.38.

Insider Transactions at Visa

In related news, CEO Ryan Mcinerney sold 8,620 shares of the firm’s stock in a transaction dated Tuesday, April 1st. The shares were sold at an average price of $350.44, for a total value of $3,020,792.80. Following the transaction, the chief executive officer now owns 537 shares of the company’s stock, valued at approximately $188,186.28. This trade represents a 94.14% decrease in their position. The sale was disclosed in a legal 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 firm’s stock in a transaction dated Friday, March 14th. The shares were sold at an average price of $327.20, for a total transaction of $12,875,320.00. Following the completion of the transaction, the insider now directly owns 26,413 shares in the company, 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. Insiders have sold 121,948 shares of company stock valued at $41,548,282 in the last 90 days. 0.13% of the stock is currently owned by corporate insiders.

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.