41,890 Shares in Visa Inc. $V Bought by S&CO Inc.

S&CO Inc. acquired a new stake in Visa Inc. (NYSE:V) during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm acquired 41,890 shares of the credit-card processor’s stock, valued at approximately $14,372,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of V. PayPay Securities Corp grew its holdings in shares of Visa by 102.7% during the 4th quarter. PayPay Securities Corp now owns 75 shares of the credit-card processor’s stock valued at $26,000 after purchasing an additional 38 shares during the last quarter. Cresta Advisors Ltd. acquired a new position in Visa during the 4th quarter worth approximately $26,000. Parvin Asset Management LLC lifted its stake in Visa by 200.0% in the 3rd quarter. Parvin Asset Management LLC now owns 75 shares of the credit-card processor’s stock valued at $26,000 after purchasing an additional 50 shares during the last quarter. RHL Group LLC bought a new position in Visa in the 4th quarter valued at approximately $34,000. Finally, Timmons Wealth Management LLC acquired a new stake in Visa in the fourth quarter valued at approximately $34,000. Institutional investors own 82.15% of the company’s stock.

Insider Buying and Selling

In other Visa news, General Counsel Julie B. Rottenberg sold 2,027 shares of Visa stock in a transaction on Thursday, July 2nd. The shares were sold at an average price of $360.00, for a total value of $729,720.00. Following the completion of the sale, the general counsel directly owned 18,404 shares of the company’s stock, valued at approximately $6,625,440. The trade was a 9.92% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Tullier Kelly Mahon sold 57,272 shares of Visa stock in a transaction on Thursday, July 30th. The shares were sold at an average price of $364.97, for a total transaction of $20,902,561.84. Following the completion of the sale, the insider directly owned 49,662 shares of the company’s stock, valued at approximately $18,125,140.14. This trade represents a 53.56% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 90,759 shares of company stock valued at $32,375,779 over the last ninety days. 0.12% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of analysts have weighed in on V shares. Morgan Stanley reaffirmed an “overweight” rating and set a $416.00 target price on shares of Visa in a research note on Wednesday, July 29th. Piper Sandler reiterated an “overweight” rating and issued a $430.00 price target (up from $394.00) on shares of Visa in a research note on Wednesday, July 29th. BMO Capital Markets raised their price objective on Visa from $387.00 to $405.00 and gave the company an “outperform” rating in a report on Wednesday, July 29th. Raymond James Financial restated an “outperform” rating and set a $406.00 price objective on shares of Visa in a research report on Wednesday, July 29th. Finally, Sanford C. Bernstein reaffirmed an “outperform” rating and issued a $450.00 target price on shares of Visa in a report on Tuesday, June 2nd. Seven research analysts have rated the stock with a Strong Buy rating and twenty-four have given a Buy rating to the company’s stock. According to MarketBeat, Visa presently has a consensus rating of “Buy” and a consensus target price of $413.58.

Visa Trading Down 0.4%

Shares of V stock opened at $363.91 on Friday. Visa Inc. has a fifty-two week low of $293.89 and a fifty-two week high of $373.97. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.99 and a current ratio of 0.99. The stock has a 50 day simple moving average of $349.37 and a two-hundred day simple moving average of $328.29. The company has a market cap of $649.37 billion, a P/E ratio of 30.94, a PEG ratio of 1.95 and a beta of 0.74.

Visa (NYSE:V) last posted its quarterly earnings results on Tuesday, July 28th. The credit-card processor reported $3.32 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.23 by $0.09. The firm had revenue of $11.63 billion for the quarter, compared to analysts’ expectations of $11.40 billion. Visa had a return on equity of 67.68% and a net margin of 50.78%.The company’s revenue for the quarter was up 14.4% compared to the same quarter last year. During the same period in the prior year, the business earned $2.98 EPS. Research analysts forecast that Visa Inc. will post 13.15 earnings per share for the current year.

Visa announced that its Board of Directors has approved a stock buyback plan on Tuesday, April 28th that permits the company to repurchase $20.00 billion in shares. This repurchase authorization permits the credit-card processor to repurchase up to 3.6% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s board of directors believes its stock is undervalued.

Visa Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 1st. Investors of record on Tuesday, August 11th will be given a dividend of $0.67 per share. This represents a $2.68 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date is Tuesday, August 11th. Visa’s payout ratio is presently 22.79%.

Visa Profile

Visa Inc is a global payments technology company that facilitates electronic funds transfers and digital commerce by connecting consumers, merchants, financial institutions and governments. The firm operates one of the world’s largest payment networks, providing processing, authorization, clearing and settlement services for credit, debit and prepaid card transactions. Visa’s network-based model enables partner banks and other issuers to offer branded payment products while Visa focuses on the infrastructure, standards and technologies that move money securely and efficiently around the world.

Visa’s product and service portfolio includes card-based payment products for consumers and businesses, real-time push-payment capabilities, tokenization and authentication services, fraud and risk-management tools, data analytics and APIs for fintech and merchant integration.