15,698 Shares in Visa Inc. (NYSE:V) Bought by Rockbridge Capital Management LLC

Rockbridge Capital Management LLC purchased a new stake in Visa Inc. (NYSE:V) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 15,698 shares of the credit-card processor’s stock, valued at approximately $4,961,000. Visa makes up about 2.8% of Rockbridge Capital Management LLC’s investment portfolio, making the stock its 13th largest holding.

Other institutional investors have also recently made changes to their positions in the company. Regent Peak Wealth Advisors LLC increased its position in shares of Visa by 2.5% during the fourth quarter. Regent Peak Wealth Advisors LLC now owns 4,927 shares of the credit-card processor’s stock worth $1,557,000 after acquiring an additional 121 shares in the last quarter. RMR Wealth Builders boosted its stake in Visa by 4.5% during the 4th quarter. RMR Wealth Builders now owns 15,885 shares of the credit-card processor’s stock valued at $5,020,000 after purchasing an additional 677 shares during the last quarter. Christensen King & Associates Investment Services Inc. acquired a new position in Visa during the 4th quarter valued at about $227,000. Greenfield Savings Bank increased its holdings in Visa by 1.7% during the 4th quarter. Greenfield Savings Bank now owns 5,344 shares of the credit-card processor’s stock worth $1,689,000 after purchasing an additional 89 shares in the last quarter. Finally, Signal Advisors Wealth LLC raised its stake in shares of Visa by 21.0% in the fourth quarter. Signal Advisors Wealth LLC now owns 17,376 shares of the credit-card processor’s stock worth $5,491,000 after purchasing an additional 3,013 shares during the last quarter. Institutional investors and hedge funds own 82.15% of the company’s stock.

Wall Street Analysts Forecast Growth

V has been the subject of several recent research reports. William Blair reiterated an “outperform” rating on shares of Visa in a report on Wednesday, April 30th. UBS Group reduced their target price on shares of Visa from $400.00 to $395.00 and set a “buy” rating for the company in a research note on Wednesday, April 30th. Barclays upped their price objective on Visa from $361.00 to $396.00 and gave the company an “overweight” rating in a research note on Monday, February 3rd. Evercore ISI initiated coverage on Visa in a research note on Wednesday, April 9th. They issued an “in-line” rating and a $330.00 target price for the company. Finally, Piper Sandler upped their price target on Visa from $383.00 to $384.00 and gave the company an “overweight” rating in a research report on Wednesday, April 30th. Six research analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $362.38.

Visa Trading Down 0.0%

Shares of V stock opened at $356.11 on Thursday. The business has a 50-day moving average price of $337.51 and a two-hundred day moving average price of $328.23. Visa Inc. has a 12-month low of $252.70 and a 12-month high of $366.54. 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 firm has a market cap of $661.57 billion, a P/E ratio of 35.90, a price-to-earnings-growth ratio of 2.33 and a beta of 0.96.

Visa (NYSE:V) last released its earnings results on Tuesday, April 29th. The credit-card processor reported $2.76 earnings per share for the quarter, topping analysts’ consensus estimates of $2.68 by $0.08. The company had revenue of $9.59 billion during the quarter, compared to the consensus estimate of $9.57 billion. Visa had a return on equity of 54.79% and a net margin of 54.27%. Visa’s quarterly revenue was up 9.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.51 EPS. Equities analysts anticipate that Visa Inc. will post 11.3 EPS for the current fiscal year.

Visa Announces Dividend

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

Insider Activity at Visa

In related news, CEO Ryan Mcinerney sold 8,620 shares of the company’s stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $363.00, for a total transaction of $3,129,060.00. Following the completion of the sale, the chief executive officer now directly owns 537 shares in the company, valued at $194,931. This represents a 94.14% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Paul D. Fabara sold 39,350 shares of the business’s 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 transaction, the insider now directly owns 26,413 shares in the company, valued at $8,642,333.60. This trade represents a 59.84% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 121,948 shares of company stock valued at $41,548,282. Insiders own 0.13% of the company’s stock.

Visa Company Profile

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.