Visa Inc. (NYSE:V) Shares Acquired by Foundations Investment Advisors LLC

by · The Markets Daily

Foundations Investment Advisors LLC lifted its stake in shares of Visa Inc. (NYSE:V – Free Report) by 4.0% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 60,020 shares of the credit-card processor’s stock after buying an additional 2,302 shares during the quarter. Foundations Investment Advisors LLC’s holdings in Visa were worth $21,035,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. KFA Private Wealth Group LLC grew its position in shares of Visa by 14.3% during the first quarter. KFA Private Wealth Group LLC now owns 1,389 shares of the credit-card processor’s stock worth $487,000 after buying an additional 174 shares in the last quarter. AGP Franklin LLC grew its position in shares of Visa by 0.7% during the first quarter. AGP Franklin LLC now owns 8,467 shares of the credit-card processor’s stock worth $2,843,000 after buying an additional 61 shares in the last quarter. Purkiss Capital Advisors LLC grew its position in shares of Visa by 44.7% during the first quarter. Purkiss Capital Advisors LLC now owns 5,047 shares of the credit-card processor’s stock worth $1,769,000 after buying an additional 1,559 shares in the last quarter. Baldwin Investment Management LLC grew its position in shares of Visa by 21.7% during the first quarter. Baldwin Investment Management LLC now owns 22,006 shares of the credit-card processor’s stock worth $7,712,000 after buying an additional 3,920 shares in the last quarter. Finally, Werba Rubin Papier Wealth Management grew its position in shares of Visa by 1.3% during the first quarter. Werba Rubin Papier Wealth Management now owns 6,006 shares of the credit-card processor’s stock worth $2,105,000 after buying an additional 75 shares in the last quarter. 82.15% of the stock is owned by institutional investors and hedge funds.

Visa Stock Up 0.8%

Shares of NYSE:V opened at $356.93 on Monday. The stock’s 50-day moving average price is $356.30 and its two-hundred day moving average price is $345.45. 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 $254.51 and a 12-month high of $375.51. The firm has a market cap of $658.60 billion, a price-to-earnings ratio of 35.87, a PEG ratio of 2.41 and a beta of 0.92.

Visa (NYSE:V – Get Free Report) last issued its earnings results on Tuesday, April 29th. The credit-card processor reported $2.76 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.68 by $0.08. The business had revenue of $9.59 billion during the quarter, compared to analysts’ expectations of $9.57 billion. Visa had a return on equity of 56.28% and a net margin of 52.86%. The company’s revenue for the quarter was up 9.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.51 EPS. On average, research analysts forecast that Visa Inc. will post 11.3 EPS for the current year.

Visa Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 2nd. Shareholders of record on Tuesday, May 13th were given a $0.59 dividend. This represents a $2.36 annualized dividend and a yield of 0.66%. The ex-dividend date of this dividend was Tuesday, May 13th. Visa’s dividend payout ratio (DPR) is 23.72%.

Insider Buying and Selling at Visa

In other Visa news, CEO Ryan Mcinerney sold 8,630 shares of the stock in a transaction that occurred on Tuesday, July 1st. The shares were sold at an average price of $353.82, for a total value of $3,053,466.60. Following the completion of the sale, the chief executive officer owned 537 shares of the company’s stock, valued at $190,001.34. This trade represents a 94.14% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Paul D. Fabara sold 11,636 shares of the stock in a transaction that occurred on Wednesday, June 11th. The shares were 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 directly owned 26,413 shares of the company’s stock, valued at $9,904,875. This trade represents a 30.58% decrease in their position. The disclosure for this sale can be found here. Insiders sold 101,108 shares of company stock valued at $36,771,200 over the last 90 days. 0.13% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

V has been the subject of a number of research analyst reports. Citigroup initiated coverage on Visa in a report on Monday, June 2nd. They issued a “buy” rating for the company. Jefferies Financial Group upped their price target on Visa from $400.00 to $410.00 and gave the company a “buy” rating in a report on Tuesday, May 27th. The Goldman Sachs Group initiated coverage on Visa in a research note on Monday, June 2nd. They issued a “neutral” rating for the company. Truist Financial reduced their price objective on Visa from $400.00 to $397.00 and set a “buy” rating for the company in a research note on Thursday, July 17th. Finally, Wall Street Zen upgraded Visa from a “hold” rating to a “buy” rating in a research note on Monday, May 12th. Five investment 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’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $375.52.

Read Our Latest Stock Analysis on Visa

Visa Company Profile

(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.

See Also

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).