Analyst IMS Investment Management Services Ltd. Buys 5,047 Shares of Visa Inc. (NYSE:V)

Analyst IMS Investment Management Services Ltd. increased its stake in Visa Inc. (NYSE:V) by 67.0% during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 12,579 shares of the credit-card processor’s stock after buying an additional 5,047 shares during the period. Analyst IMS Investment Management Services Ltd.’s holdings in Visa were worth $4,409,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in V. Hirtle Callaghan & Co LLC lifted its holdings in Visa by 1.3% during the fourth quarter. Hirtle Callaghan & Co LLC now owns 2,291 shares of the credit-card processor’s stock valued at $724,000 after purchasing an additional 29 shares in the last quarter. FWL Investment Management LLC raised its position in shares of Visa by 0.5% during the 4th quarter. FWL Investment Management LLC now owns 6,344 shares of the credit-card processor’s stock valued at $2,005,000 after purchasing an additional 29 shares during the period. Valmark Advisers Inc. lifted its stake in shares of Visa by 0.4% during the 4th quarter. Valmark Advisers Inc. now owns 7,251 shares of the credit-card processor’s stock valued at $2,292,000 after buying an additional 30 shares in the last quarter. Strategic Family Wealth Counselors L.L.C. lifted its stake in shares of Visa by 0.4% during the 4th quarter. Strategic Family Wealth Counselors L.L.C. now owns 7,283 shares of the credit-card processor’s stock valued at $2,302,000 after buying an additional 30 shares in the last quarter. Finally, Capstone Financial Advisors Inc. boosted its holdings in Visa by 3.6% in the 4th quarter. Capstone Financial Advisors Inc. now owns 872 shares of the credit-card processor’s stock worth $276,000 after buying an additional 30 shares during the period. Institutional investors own 82.15% of the company’s stock.

Insider Transactions at Visa

In other Visa news, insider Paul D. Fabara sold 11,636 shares of Visa stock in a transaction on Wednesday, June 11th. The stock was sold at an average price of $375.00, for a total transaction of $4,363,500.00. Following the completion of the sale, the insider now directly owns 26,413 shares of the company’s stock, valued at $9,904,875. The trade was a 30.58% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Ryan Mcinerney sold 8,620 shares of the firm’s stock in a transaction on Monday, June 2nd. The shares were sold at an average price of $362.77, for a total value of $3,127,077.40. Following the transaction, the chief executive officer now owns 537 shares in the company, valued at approximately $194,807.49. This represents a 94.14% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 101,098 shares of company stock worth $36,738,526. Insiders own 0.13% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on V shares. Barclays reissued an “overweight” rating on shares of Visa in a report on Friday, June 13th. Susquehanna reiterated a “positive” rating on shares of Visa in a research report on Friday, March 21st. Wall Street Zen raised Visa from a “hold” rating to a “buy” rating in a report on Monday, May 12th. William Blair restated an “outperform” rating on shares of Visa in a research note on Wednesday, April 30th. Finally, UBS Group lifted their price objective on shares of Visa from $395.00 to $405.00 and gave the company a “buy” rating in a research report on Wednesday, May 28th. Five research analysts have rated the stock with a hold rating, twenty-three have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Visa currently has a consensus rating of “Moderate Buy” and a consensus price target of $372.80.

Visa Stock Performance

Shares of NYSE:V opened at $340.16 on Thursday. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 0.45. Visa Inc. has a 12 month low of $252.70 and a 12 month high of $375.51. The company has a market capitalization of $627.64 billion, a price-to-earnings ratio of 34.19, a PEG ratio of 2.41 and a beta of 0.94. The firm’s 50-day moving average is $351.38 and its 200 day moving average is $338.20.

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

Visa Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, June 2nd. Stockholders of record on Tuesday, May 13th were issued a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a dividend yield of 0.69%. The ex-dividend date was Tuesday, May 13th. Visa’s payout ratio is presently 23.72%.

About Visa

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.