Simplicity Solutions LLC Acquires 3,268 Shares of Visa Inc. (NYSE:V)

Simplicity Solutions LLC increased its holdings in shares of Visa Inc. (NYSE:VFree Report) by 6.9% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 50,384 shares of the credit-card processor’s stock after acquiring an additional 3,268 shares during the period. Simplicity Solutions LLC’s holdings in Visa were worth $13,118,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of V. GoalVest Advisory LLC lifted its position in Visa by 3.4% during the 4th quarter. GoalVest Advisory LLC now owns 1,217 shares of the credit-card processor’s stock worth $317,000 after acquiring an additional 40 shares during the period. Destiny Wealth Partners LLC lifted its position in Visa by 2.5% during the 4th quarter. Destiny Wealth Partners LLC now owns 1,668 shares of the credit-card processor’s stock worth $433,000 after acquiring an additional 40 shares during the period. Sunflower Bank N.A. lifted its position in Visa by 1.3% during the 4th quarter. Sunflower Bank N.A. now owns 3,143 shares of the credit-card processor’s stock worth $818,000 after acquiring an additional 41 shares during the period. HWG Holdings LP lifted its position in Visa by 18.4% during the 2nd quarter. HWG Holdings LP now owns 270 shares of the credit-card processor’s stock worth $64,000 after acquiring an additional 42 shares during the period. Finally, Parker Financial LLC lifted its position in Visa by 4.8% during the 4th quarter. Parker Financial LLC now owns 925 shares of the credit-card processor’s stock worth $241,000 after acquiring an additional 42 shares during the period. 82.15% of the stock is owned by institutional investors.

Insider Activity

In other news, CEO Ryan Mcinerney sold 8,150 shares of the company’s stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $273.39, for a total value of $2,228,128.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CEO Ryan Mcinerney sold 8,150 shares of the company’s stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $273.39, for a total value of $2,228,128.50. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Rajat Taneja sold 36,546 shares of the company’s stock in a transaction that occurred on Friday, January 19th. The shares were sold at an average price of $270.20, for a total value of $9,874,729.20. Following the completion of the transaction, the insider now owns 232,112 shares in the company, valued at $62,716,662.40. The disclosure for this sale can be found here. Insiders sold 55,511 shares of company stock worth $15,131,081 over the last ninety days. Corporate insiders own 0.19% of the company’s stock.

Wall Street Analyst Weigh In

V has been the subject of a number of research reports. Royal Bank of Canada lifted their price target on Visa from $290.00 to $309.00 and gave the stock an “outperform” rating in a research report on Friday, January 26th. Evercore ISI boosted their price objective on Visa from $325.00 to $335.00 and gave the company an “outperform” rating in a report on Tuesday, March 26th. William Blair reissued an “outperform” rating on shares of Visa in a report on Friday, January 26th. TD Cowen assumed coverage on Visa in a report on Thursday. They issued a “buy” rating and a $320.00 price objective for the company. Finally, KeyCorp boosted their price objective on Visa from $275.00 to $300.00 and gave the company an “overweight” rating in a report on Monday, January 8th. Five research analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $296.87.

View Our Latest Analysis on Visa

Visa Price Performance

NYSE:V opened at $275.96 on Monday. Visa Inc. has a 12 month low of $216.14 and a 12 month high of $290.96. The stock has a 50 day moving average of $280.13 and a two-hundred day moving average of $261.92. The company has a current ratio of 1.45, a quick ratio of 1.45 and a debt-to-equity ratio of 0.54. The firm has a market cap of $506.80 billion, a P/E ratio of 31.76, a price-to-earnings-growth ratio of 1.91 and a beta of 0.96.

Visa (NYSE:VGet Free Report) last posted its quarterly earnings data on Thursday, January 25th. The credit-card processor reported $2.41 EPS for the quarter, topping the consensus estimate of $2.34 by $0.07. Visa had a return on equity of 50.02% and a net margin of 53.92%. The company had revenue of $8.63 billion during the quarter, compared to analyst estimates of $8.55 billion. During the same period in the previous year, the business earned $2.18 EPS. Visa’s quarterly revenue was up 9.3% on a year-over-year basis. On average, analysts expect that Visa Inc. will post 9.89 earnings per share for the current fiscal year.

Visa Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 1st. Stockholders of record on Friday, February 9th were given a $0.52 dividend. The ex-dividend date was Thursday, February 8th. This represents a $2.08 dividend on an annualized basis and a dividend yield of 0.75%. Visa’s dividend payout ratio (DPR) is presently 23.94%.

Visa 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

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Institutional Ownership by Quarter for Visa (NYSE:V)

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