Investment Management Corp VA ADV Makes New Investment in Visa Inc. (NYSE:V)

by · The Cerbat Gem

Investment Management Corp VA ADV acquired a new position in shares of Visa Inc. (NYSE:V – Free Report) in the 4th quarter, HoldingsChannel reports. The institutional investor acquired 1,226 shares of the credit-card processor’s stock, valued at approximately $388,000.

Several other institutional investors have also modified their holdings of the company. Helium Advisors LLC purchased a new stake in shares of Visa during the 4th quarter worth $2,655,000. Breakthru Advisory Services LLC purchased a new stake in Visa in the fourth quarter valued at $557,000. GTS Securities LLC lifted its position in Visa by 125.7% in the fourth quarter. GTS Securities LLC now owns 11,980 shares of the credit-card processor’s stock valued at $3,786,000 after acquiring an additional 58,651 shares during the last quarter. Fourth Dimension Wealth LLC purchased a new stake in Visa in the fourth quarter valued at $287,000. Finally, Breed s Hill Capital LLC lifted its position in Visa by 124.0% in the fourth quarter. Breed s Hill Capital LLC now owns 1,631 shares of the credit-card processor’s stock valued at $515,000 after acquiring an additional 903 shares during the last quarter. 82.15% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

V has been the subject of a number of research reports. Piper Sandler boosted their price target on shares of Visa from $383.00 to $384.00 and gave the company an “overweight” rating in a research report on Wednesday, April 30th. Oppenheimer reissued an “outperform” rating on shares of Visa in a research report on Thursday, February 13th. Barclays boosted their price target on shares of Visa from $361.00 to $396.00 and gave the company an “overweight” rating in a research report on Monday, February 3rd. Citigroup reissued a “neutral” rating on shares of Visa in a research report on Thursday, February 13th. Finally, BMO Capital Markets boosted their price target on shares of Visa from $370.00 to $380.00 and gave the company an “outperform” rating in a research report on Wednesday, April 30th. Six research analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $362.38.

Get Our Latest Report on V

Insiders Place Their Bets

In other news, insider Paul D. Fabara sold 39,350 shares of the stock in a transaction that occurred on Friday, March 14th. The shares were sold at an average price of $327.20, for a total value of $12,875,320.00. Following the sale, the insider now directly owns 26,413 shares in the company, valued at $8,642,333.60. This represents a 59.84% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Ryan Mcinerney sold 8,620 shares of the stock in a transaction that occurred on Tuesday, April 1st. The shares were sold at an average price of $350.44, for a total transaction of $3,020,792.80. Following the completion of the sale, the chief executive officer now owns 537 shares in the company, valued at $188,186.28. This represents a 94.14% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 121,948 shares of company stock worth $41,548,282. 0.13% of the stock is owned by company insiders.

Visa Trading Down 0.1%

Shares of Visa stock opened at $357.90 on Friday. Visa Inc. has a 52-week low of $252.70 and a 52-week high of $369.15. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.45. The company’s 50-day simple moving average is $341.07 and its 200-day simple moving average is $331.33. The firm has a market cap of $660.38 billion, a price-to-earnings ratio of 36.08, a price-to-earnings-growth ratio of 2.33 and a beta of 0.96.

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 for the quarter, topping the consensus estimate of $2.68 by $0.08. Visa had a net margin of 54.27% and a return on equity of 54.79%. The company had revenue of $9.59 billion for the quarter, compared to analyst estimates of $9.57 billion. During the same period in the prior year, the business posted $2.51 earnings per share. The firm’s revenue for the quarter was up 9.3% compared to the same quarter last year. As a group, equities research analysts anticipate that Visa Inc. will post 11.3 earnings per share for the current year.

Visa Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 2nd. Shareholders of record on Tuesday, May 13th will be given a dividend of $0.59 per share. The ex-dividend date of this dividend is Tuesday, May 13th. This represents a $2.36 annualized dividend and a yield of 0.66%. Visa’s payout ratio is currently 23.72%.

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.

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