Orser Capital Management LLC bought a new stake in shares of Visa Inc. (NYSE:V – Get Rating) during Q1, Holdings Channel.com reports. The fund bought 1,040 shares of the credit card processor, valued at around $231,000.
A number of other large investors have also recently changed their holdings in V. Outfitter Financial LLC bought a new stake in Visa in Q4, valued at around $27,000. Blue Bell Private Wealth Management LLC bought a new position in Visa during Q4 for $32,000. Rise Advisors LLC bought a new position in Visa during Q4 worth $35,000. Disciplined Investments LLC increased its stake in Visa by 500.0% during the 4th quarter. Disciplined Investments LLC now owns 168 shares of the credit card processor worth $36,000 after purchasing an additional 140 shares during the period. Finally, Stuart Chaussee & Associates Inc. increased its stake in Visa by 50.0% during the 4th quarter. Stuart Chaussee & Associates Inc. now owns 168 shares of the credit card processor worth $36,000 after buying 56 additional shares during the period. Institutional investors hold 80.77% of the company’s shares.
Shares of Visa opened at $193.82 on Thursday. The company has a fifty-day moving average price of $205.14 and a 200-day moving average price of $212.24. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt ratio of 0.53. Visa Inc. has a 12-month low of $185.91 and a 12-month high of $252.67. The stock has a market capitalization of $368.51 billion, a price-to-earnings ratio of 30.47, a growth price-to-earnings ratio of 1.62 and a beta of 0.90.
Visa (NYSE:V – Get Rating) last released quarterly earnings data on Tuesday, April 26. The credit card processor reported EPS of $1.79 for the quarter, beating the consensus estimate of $1.65 by $0.14. Visa had a return on equity of 42.89% and a net margin of 51.10%. The company posted revenue of $7.19 billion for the quarter, versus analyst estimates of $6.82 billion. During the same period last year, the company posted earnings per share of $1.38. The company’s revenue increased by 25.5% compared to the same quarter last year. Analysts expect Visa Inc. to post earnings per share of 7.16 for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 1. Investors of record on Friday, May 13 received a dividend of $0.375. This represents an annualized dividend of $1.50 and a yield of 0.77%. The ex-dividend date was Thursday, May 12. Visa’s dividend payout ratio is currently 23.58%.
Several research analysts have commented on V shares. Cowen cut its price target on Visa from $276.00 to $254.00 in a Wednesday, April 27 report. Barclays lowered its price target on Visa from $265.00 to $260.00 and set an “overweight” rating on the stock in a Monday April 4 research report. Morgan Stanley raised its target price on Visa from $279.00 to $284.00 in a Wednesday, April 27 research report. Citigroup lowered its price target on Visa from $285.00 to $265.00 in a Monday, April 25 research report. Finally, Piper Sandler downgraded Visa from an “overweight” rating to a “neutral” rating and reduced its target price for the stock from $283.00 to $239.00 in a Friday, April 29 research note. Five equity research analysts gave the stock a hold rating and twenty-one gave the stock a buy rating. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $267.44.
In other Visa news, Chairman Ryan Mcinerney sold 6,466 Visa shares in a trade that took place on Monday, March 28. The stock was sold at an average price of $220.00, for a total value of $1,422,520.00. The sale was disclosed in a filing with the Securities & Exchange Commission, accessible via this hyperlink. Additionally, CEO Alfred F. Kelly, Jr. sold 9,000 Visa shares in a trade that took place on Friday, April 29. The shares were sold at an average price of $218.62, for a total value of $1,967,580.00. Following completion of the transaction, the CEO now owns 165,887 shares of the company, valued at $36,266,215.94. The disclosure of this sale can be found here. In the past three months, insiders have sold 39,933 shares of the company valued at $8,745,055. 0.21% of the shares are held by insiders.
About Visa (Get an assessment)
Visa Inc operates as a worldwide payment technology company. The company facilitates digital payments between consumers, merchants, financial institutions, businesses, strategic partners and government entities. It operates VisaNet, a transaction processing network that enables the authorization, clearing and settlement of payment transactions.
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