RDA Financial Network Grows Position in Visa Inc. $V

RDA Financial Network boosted its stake in Visa Inc. (NYSE:V) by 10.6% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 18,898 shares of the credit-card processor’s stock after buying an additional 1,817 shares during the period. Visa makes up approximately 1.6% of RDA Financial Network’s portfolio, making the stock its 11th biggest position. RDA Financial Network’s holdings in Visa were worth $6,451,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently bought and sold shares of the stock. Family Legacy Financial Solutions LLC purchased a new stake in shares of Visa in the 2nd quarter valued at approximately $28,000. Harbor Asset Planning Inc. acquired a new stake in Visa in the 2nd quarter valued at approximately $29,000. Sagard Holdings Management Inc. purchased a new stake in Visa in the second quarter valued at approximately $31,000. Cranbrook Wealth Management LLC lifted its stake in Visa by 82.0% during the second quarter. Cranbrook Wealth Management LLC now owns 91 shares of the credit-card processor’s stock worth $32,000 after purchasing an additional 41 shares in the last quarter. Finally, Bare Financial Services Inc boosted its position in shares of Visa by 287.0% during the second quarter. Bare Financial Services Inc now owns 89 shares of the credit-card processor’s stock worth $32,000 after buying an additional 66 shares during the period. Institutional investors and hedge funds own 82.15% of the company’s stock.

Insider Buying and Selling

In related news, insider Paul D. Fabara sold 2,172 shares of the stock in a transaction on Friday, November 21st. The stock was sold at an average price of $325.93, for a total value of $707,919.96. Following the transaction, the insider owned 26,413 shares of the company’s stock, valued at $8,608,789.09. This represents a 7.60% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Lloyd Carney sold 900 shares of Visa stock in a transaction dated Tuesday, November 4th. The stock was sold at an average price of $336.48, for a total value of $302,832.00. Following the sale, the director directly owned 2,468 shares of the company’s stock, valued at $830,432.64. This trade represents a 26.72% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 24,042 shares of company stock worth $8,175,152. Corporate insiders own 0.12% of the company’s stock.

Visa Stock Performance

Shares of Visa stock opened at $346.09 on Friday. The business has a 50-day simple moving average of $337.37 and a 200-day simple moving average of $344.90. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.08 and a current ratio of 1.08. Visa Inc. has a one year low of $299.00 and a one year high of $375.51. The company has a market cap of $630.49 billion, a PE ratio of 33.90, a P/E/G ratio of 2.03 and a beta of 0.82.

Visa (NYSE:V) last issued its quarterly earnings results on Tuesday, October 28th. The credit-card processor reported $2.98 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.97 by $0.01. Visa had a net margin of 50.15% and a return on equity of 60.31%. The company had revenue of $10.72 billion during the quarter, compared to the consensus estimate of $10.60 billion. During the same quarter in the previous year, the firm earned $2.71 earnings per share. The firm’s quarterly revenue was up 11.5% on a year-over-year basis. On average, equities research analysts forecast that Visa Inc. will post 11.3 EPS for the current fiscal year.

Visa Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, December 1st. Investors of record on Wednesday, November 12th were paid a dividend of $0.67 per share. The ex-dividend date was Wednesday, November 12th. This is an increase from Visa’s previous quarterly dividend of $0.59. This represents a $2.68 dividend on an annualized basis and a dividend yield of 0.8%. Visa’s payout ratio is presently 26.25%.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on V shares. Robert W. Baird set a $425.00 price objective on Visa in a report on Wednesday, October 29th. Evercore ISI set a $380.00 target price on Visa in a report on Friday, December 12th. Weiss Ratings reiterated a “buy (b)” rating on shares of Visa in a research note on Wednesday, October 8th. Hsbc Global Res raised shares of Visa from a “hold” rating to a “strong-buy” rating in a research report on Monday, December 8th. Finally, HSBC raised shares of Visa from a “hold” rating to a “buy” rating and raised their price objective for the company from $335.00 to $389.00 in a research note on Sunday, December 7th. Five equities research analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of $402.52.

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.