Visionary Wealth Advisors Raises Holdings in Visa Inc. (NYSE:V)

Visionary Wealth Advisors increased its position in Visa Inc. (NYSE:V) by 5.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 4,992 shares of the credit-card processor’s stock after buying an additional 252 shares during the quarter. Visionary Wealth Advisors’ holdings in Visa were worth $1,578,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also made changes to their positions in the company. Bradley & Co. Private Wealth Management LLC acquired a new stake in Visa in the 4th quarter valued at $27,000. POM Investment Strategies LLC increased its holdings in Visa by 48.5% in the 4th quarter. POM Investment Strategies LLC now owns 98 shares of the credit-card processor’s stock valued at $31,000 after purchasing an additional 32 shares in the last quarter. Compass Planning Associates Inc acquired a new stake in Visa in the 4th quarter valued at $32,000. NewSquare Capital LLC acquired a new stake in Visa in the 4th quarter valued at $35,000. Finally, FPC Investment Advisory Inc. increased its holdings in Visa by 377.3% in the 4th quarter. FPC Investment Advisory Inc. now owns 105 shares of the credit-card processor’s stock valued at $36,000 after purchasing an additional 83 shares in the last quarter. 82.15% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the company. Evercore ISI assumed coverage on Visa in a report on Wednesday, April 9th. They issued an “in-line” rating and a $330.00 price target for the company. Piper Sandler raised their target price on Visa from $383.00 to $384.00 and gave the company an “overweight” rating in a research note on Wednesday, April 30th. Raymond James restated an “outperform” rating and set a $393.00 target price (up from $374.00) on shares of Visa in a research note on Friday, January 31st. Citigroup restated a “neutral” rating on shares of Visa in a research note on Thursday, February 13th. Finally, StockNews.com upgraded Visa from a “hold” rating to a “buy” rating in a research note on Monday, May 12th. Six research 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 company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $362.38.

Visa Stock Up 0.7%

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

Visa (NYSE:V) last issued its earnings results 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. Visa had a net margin of 54.27% and a return on equity of 54.79%. The firm had revenue of $9.59 billion for the quarter, compared to analysts’ expectations of $9.57 billion. During the same quarter last year, the company posted $2.51 earnings per share. Visa’s revenue was up 9.3% on a year-over-year basis. Sell-side analysts predict that Visa Inc. will post 11.3 EPS for the current fiscal year.

Visa Announces Dividend

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

Insiders Place Their Bets

In other news, CEO Ryan Mcinerney sold 8,620 shares of Visa stock in a transaction that occurred on Thursday, May 1st. The stock was sold at an average price of $345.58, for a total transaction of $2,978,899.60. Following the sale, the chief executive officer now owns 537 shares of the company’s stock, valued at approximately $185,576.46. The trade was a 94.14% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Paul D. Fabara sold 39,350 shares of Visa stock in a transaction that occurred on Friday, March 14th. The shares were sold at an average price of $327.20, for a total value of $12,875,320.00. Following the sale, the insider now directly owns 26,413 shares in the company, valued at approximately $8,642,333.60. This trade represents 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 over the last quarter. Insiders own 0.13% of the company’s stock.

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.