Synergy Investment Management LLC Has $209,000 Stake in Visa Inc. (NYSE:V)

Synergy Investment Management LLC boosted its holdings in shares of Visa Inc. (NYSE:V) by 5.3% during the 1st quarter, HoldingsChannel reports. The institutional investor owned 597 shares of the credit-card processor’s stock after buying an additional 30 shares during the period. Synergy Investment Management LLC’s holdings in Visa were worth $209,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of V. Norges Bank acquired a new stake in shares of Visa in the fourth quarter worth $5,171,271,000. GAMMA Investing LLC lifted its stake in shares of Visa by 38,416.3% in the first quarter. GAMMA Investing LLC now owns 14,761,375 shares of the credit-card processor’s stock worth $5,173,271,000 after buying an additional 14,723,050 shares during the last quarter. Vanguard Group Inc. increased its stake in shares of Visa by 4.6% in the fourth quarter. Vanguard Group Inc. now owns 159,405,343 shares of the credit-card processor’s stock worth $50,378,465,000 after purchasing an additional 7,079,706 shares during the period. Northern Trust Corp increased its stake in shares of Visa by 18.0% in the fourth quarter. Northern Trust Corp now owns 18,260,714 shares of the credit-card processor’s stock worth $5,771,116,000 after purchasing an additional 2,785,707 shares during the period. Finally, Universal Beteiligungs und Servicegesellschaft mbH bought a new position in shares of Visa in the fourth quarter worth about $673,689,000. 82.15% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

V has been the topic of a number of recent analyst reports. Oppenheimer lifted their price objective on Visa from $390.00 to $391.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 2nd. William Blair reiterated an “outperform” rating on shares of Visa in a research note on Wednesday, April 30th. The Goldman Sachs Group began coverage on shares of Visa in a report on Monday, June 2nd. They issued a “neutral” rating for the company. Barclays restated an “overweight” rating on shares of Visa in a report on Friday, June 13th. Finally, Truist Financial began coverage on shares of Visa in a research note on Monday, June 2nd. They issued a “buy” rating and a $400.00 target price for the company. Five analysts have rated the stock with a hold rating, twenty-three have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $372.84.

Insider Buying and Selling

In other Visa news, General Counsel Julie B. Rottenberg sold 2,575 shares of the company’s stock in a transaction on Thursday, May 1st. The shares were sold at an average price of $345.58, for a total transaction of $889,868.50. Following the completion of the sale, the general counsel owned 11,925 shares in the company, valued at approximately $4,121,041.50. The trade was a 17.76% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Ryan Mcinerney sold 8,630 shares of the company’s stock in a transaction on Tuesday, July 1st. The shares were sold at an average price of $353.82, for a total transaction of $3,053,466.60. Following the sale, the chief executive officer owned 537 shares of the company’s stock, valued at $190,001.34. The trade was a 94.14% decrease in their position. The disclosure for this sale can be found here. Insiders sold 101,108 shares of company stock worth $36,771,200 in the last quarter. Insiders own 0.13% of the company’s stock.

Visa Stock Performance

V stock opened at $354.43 on Wednesday. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.08 and a quick ratio of 1.08. The company has a 50 day moving average price of $356.43 and a 200 day moving average price of $342.00. Visa Inc. has a fifty-two week low of $252.70 and a fifty-two week high of $375.51. The stock has a market capitalization of $653.98 billion, a PE ratio of 35.62, a price-to-earnings-growth ratio of 2.42 and a beta of 0.92.

Visa (NYSE:V) last posted its quarterly earnings data 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 net margin of 52.86% and a return on equity of 56.28%. The firm had revenue of $9.59 billion during the quarter, compared to analysts’ expectations of $9.57 billion. During the same quarter in the previous year, the company posted $2.51 EPS. Visa’s revenue was up 9.3% on a year-over-year basis. Analysts forecast that Visa Inc. will post 11.3 EPS for the current year.

Visa Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 2nd. Investors of record on Tuesday, May 13th were given a $0.59 dividend. This represents a $2.36 annualized dividend and a yield of 0.67%. The ex-dividend date was Tuesday, May 13th. Visa’s dividend payout ratio (DPR) is presently 23.72%.

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.