Northside Capital Management LLC Grows Position in Visa Inc. (NYSE:V)

Northside Capital Management LLC lifted its holdings in shares of Visa Inc. (NYSE:VFree Report) by 0.5% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 14,197 shares of the credit-card processor’s stock after purchasing an additional 77 shares during the quarter. Visa accounts for approximately 0.8% of Northside Capital Management LLC’s portfolio, making the stock its 17th largest position. Northside Capital Management LLC’s holdings in Visa were worth $4,976,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Floyd Financial Group LLC increased its stake in Visa by 1.9% in the first quarter. Floyd Financial Group LLC now owns 3,117 shares of the credit-card processor’s stock valued at $1,092,000 after acquiring an additional 58 shares during the last quarter. Richard P Slaughter Associates Inc bought a new stake in Visa during the first quarter worth about $1,324,000. Iams Wealth Management LLC boosted its holdings in shares of Visa by 26.4% in the 1st quarter. Iams Wealth Management LLC now owns 1,774 shares of the credit-card processor’s stock worth $622,000 after purchasing an additional 370 shares in the last quarter. Lakeshore Capital Group Inc. boosted its holdings in shares of Visa by 4.6% in the 1st quarter. Lakeshore Capital Group Inc. now owns 3,469 shares of the credit-card processor’s stock worth $1,216,000 after purchasing an additional 154 shares in the last quarter. Finally, Greenfield Savings Bank increased its position in shares of Visa by 2.3% during the 1st quarter. Greenfield Savings Bank now owns 5,468 shares of the credit-card processor’s stock valued at $1,916,000 after purchasing an additional 124 shares during the last quarter. Hedge funds and other institutional investors own 82.15% of the company’s stock.

Visa Stock Performance

NYSE:V opened at $366.12 on Wednesday. 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 twelve month low of $252.70 and a twelve month high of $369.15. The stock has a market cap of $675.56 billion, a P/E ratio of 36.91, a price-to-earnings-growth ratio of 2.33 and a beta of 0.96. The firm’s fifty day simple moving average is $344.15 and its 200 day simple moving average is $334.49.

Visa (NYSE:VGet Free Report) last announced its quarterly earnings results on Tuesday, April 29th. The credit-card processor reported $2.76 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.68 by $0.08. Visa had a net margin of 54.27% and a return on equity of 54.79%. The company had revenue of $9.59 billion for the quarter, compared to analysts’ expectations of $9.57 billion. During the same quarter in the previous year, the company earned $2.51 earnings per share. Visa’s quarterly revenue was up 9.3% on a year-over-year basis. As a group, research analysts predict that Visa Inc. will post 11.3 EPS for the current year.

Visa Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 2nd. Shareholders of record on Tuesday, May 13th were given a dividend of $0.59 per share. The ex-dividend date of this dividend was Tuesday, May 13th. This represents a $2.36 annualized dividend and a yield of 0.64%. Visa’s payout ratio is 23.72%.

Insiders Place Their Bets

In other news, CEO Ryan Mcinerney sold 8,620 shares of the business’s stock in a transaction that occurred on Thursday, May 1st. The stock was sold at an average price of $345.58, for a total value of $2,978,899.60. Following the sale, the chief executive officer now directly owns 537 shares of the company’s stock, valued at $185,576.46. The trade was a 94.14% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Paul D. Fabara sold 14,813 shares of the company’s stock in a transaction that occurred on Thursday, May 8th. The stock was sold at an average price of $355.04, for a total value of $5,259,207.52. Following the completion of the sale, the insider now owns 26,413 shares in the company, valued at $9,377,671.52. The trade was a 35.93% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 113,328 shares of company stock worth $38,419,222. Company insiders own 0.13% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on V shares. UBS Group boosted their target price on Visa from $395.00 to $405.00 and gave the stock a “buy” rating in a research report on Wednesday, May 28th. BMO Capital Markets lifted their price target on shares of Visa from $370.00 to $380.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 30th. Oppenheimer restated an “outperform” rating on shares of Visa in a report on Thursday, February 13th. Keefe, Bruyette & Woods reaffirmed a “hold” rating on shares of Visa in a report on Thursday, February 13th. Finally, The Goldman Sachs Group started coverage on shares of Visa in a research report on Monday. They issued a “neutral” rating on the stock. Six research analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $367.48.

Read Our Latest Analysis on Visa

Visa Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Visa (NYSE:V)

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