Bouchey Financial Group Ltd Purchases 39 Shares of Visa Inc. (NYSE:V)

by · The Cerbat Gem

Bouchey Financial Group Ltd boosted its position in Visa Inc. (NYSE:V – Free Report) by 2.1% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,930 shares of the credit-card processor’s stock after acquiring an additional 39 shares during the period. Bouchey Financial Group Ltd’s holdings in Visa were worth $676,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. von Borstel & Associates Inc. acquired a new stake in shares of Visa during the first quarter worth $27,000. Measured Risk Portfolios Inc. bought a new position in Visa during the fourth quarter worth about $47,000. Navigoe LLC acquired a new position in shares of Visa during the 4th quarter worth about $53,000. O Brien Wealth Partners LLC acquired a new position in shares of Visa during the 1st quarter worth about $54,000. Finally, Global X Japan Co. Ltd. bought a new stake in shares of Visa in the 1st quarter valued at about $56,000. 82.15% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, CEO Ryan Mcinerney sold 8,630 shares of the stock in a transaction that occurred on Tuesday, July 1st. The stock was sold at an average price of $353.82, for a total transaction of $3,053,466.60. Following the transaction, the chief executive officer owned 537 shares in the company, valued at approximately $190,001.34. This trade represents a 94.14% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Paul D. Fabara sold 11,636 shares of Visa stock in a transaction that occurred on Wednesday, June 11th. The stock was sold at an average price of $375.00, for a total value of $4,363,500.00. Following the sale, the insider directly owned 26,413 shares of the company’s stock, valued at approximately $9,904,875. The trade was a 30.58% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 89,913 shares of company stock valued at $32,902,432 in the last ninety days. 0.13% of the stock is currently owned by insiders.

Visa Price Performance

Shares of NYSE V opened at $337.21 on Wednesday. Visa Inc. has a twelve month low of $255.77 and a twelve month high of $375.51. The company has a market cap of $622.21 billion, a PE ratio of 32.93, a price-to-earnings-growth ratio of 2.28 and a beta of 0.94. The business’s 50 day moving average price is $354.38 and its two-hundred day moving average price is $346.84. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.52.

Visa (NYSE:V – Get Free Report) last posted its earnings results on Tuesday, July 29th. The credit-card processor reported $2.98 earnings per share for the quarter, topping analysts’ consensus estimates of $2.85 by $0.13. Visa had a return on equity of 58.93% and a net margin of 52.16%. The business had revenue of $10.17 billion for the quarter, compared to analyst estimates of $9.82 billion. During the same period in the previous year, the firm earned $2.42 EPS. The firm’s revenue was up 14.3% compared to the same quarter last year. On average, analysts predict that Visa Inc. will post 11.3 EPS for the current year.

Visa Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 2nd. Investors of record on Tuesday, August 12th will be issued a dividend of $0.59 per share. The ex-dividend date of this dividend is Tuesday, August 12th. This represents a $2.36 annualized dividend and a dividend yield of 0.7%. Visa’s payout ratio is presently 23.05%.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on V shares. Raymond James Financial restated an “outperform” rating on shares of Visa in a report on Wednesday, July 30th. Macquarie upped their price objective on shares of Visa from $380.00 to $425.00 and gave the company an “outperform” rating in a research report on Thursday, July 31st. William Blair reiterated an “outperform” rating on shares of Visa in a report on Wednesday, April 30th. Evercore ISI started coverage on Visa in a report on Wednesday, April 9th. They issued an “in-line” rating and a $330.00 price target for the company. Finally, Barclays reaffirmed an “overweight” rating and set a $408.00 price target (up previously from $396.00) on shares of Visa in a research report on Thursday, July 31st. Five investment analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Visa has a consensus rating of “Moderate Buy” and a consensus target price of $380.84.

Check Out Our Latest Stock Report on Visa

About Visa

(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.

Featured Articles

Want to see what other hedge funds are holding V? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Visa Inc. (NYSE:V – Free Report).