Stuart Chaussee & Associates Inc. Boosts Holdings in Visa Inc. (NYSE:V)

Stuart Chaussee & Associates Inc. grew its position in Visa Inc. (NYSE:V) by 91.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 453 shares of the credit-card processor’s stock after buying an additional 217 shares during the period. Stuart Chaussee & Associates Inc.’s holdings in Visa were worth $143,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in V. Tang Capital Management LLC boosted its position in shares of Visa by 42.2% during the 4th quarter. Tang Capital Management LLC now owns 4,718 shares of the credit-card processor’s stock worth $1,491,000 after purchasing an additional 1,400 shares during the period. Tema Etfs LLC purchased a new position in shares of Visa during the 4th quarter worth approximately $1,156,000. Toronto Dominion Bank boosted its position in shares of Visa by 3.7% during the 4th quarter. Toronto Dominion Bank now owns 613,002 shares of the credit-card processor’s stock worth $193,723,000 after purchasing an additional 21,827 shares during the period. Safeguard Investment Advisory Group LLC boosted its position in shares of Visa by 2.1% during the 4th quarter. Safeguard Investment Advisory Group LLC now owns 3,209 shares of the credit-card processor’s stock worth $1,014,000 after purchasing an additional 67 shares during the period. Finally, Scissortail Wealth Management LLC boosted its position in shares of Visa by 16,033.3% during the 4th quarter. Scissortail Wealth Management LLC now owns 2,904 shares of the credit-card processor’s stock worth $918,000 after purchasing an additional 2,886 shares during the period. Hedge funds and other institutional investors own 82.15% of the company’s stock.

Visa Price Performance

Shares of V opened at $365.23 on Friday. The firm’s fifty day simple moving average is $338.59 and its 200-day simple moving average is $329.61. Visa Inc. has a twelve month low of $252.70 and a twelve month high of $366.54. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.45. The firm has a market capitalization of $673.90 billion, a price-to-earnings ratio of 36.82, a PEG ratio of 2.33 and a beta of 0.96.

Visa (NYSE:V) last announced its quarterly earnings results on Tuesday, April 29th. The credit-card processor reported $2.76 EPS 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 firm had revenue of $9.59 billion for the quarter, compared to analyst estimates of $9.57 billion. During the same period last year, the business earned $2.51 EPS. Visa’s revenue for the quarter was up 9.3% compared to the same quarter last year. Equities analysts forecast that Visa Inc. will post 11.3 EPS for the current fiscal year.

Visa Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, June 2nd. Investors of record on Tuesday, May 13th will be paid a dividend of $0.59 per share. The ex-dividend date is Tuesday, May 13th. This represents a $2.36 annualized dividend and a yield of 0.65%. Visa’s dividend payout ratio is currently 23.72%.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on V shares. Keefe, Bruyette & Woods reaffirmed a “hold” rating on shares of Visa in a research report on Thursday, February 13th. Piper Sandler increased their price objective on shares of Visa from $383.00 to $384.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 30th. Susquehanna reaffirmed a “positive” rating on shares of Visa in a research report on Friday, March 21st. Bank of America raised their price target on shares of Visa from $331.00 to $363.00 and gave the company a “neutral” rating in a research report on Friday, January 31st. Finally, Wells Fargo & Company raised their price target on shares of Visa from $360.00 to $395.00 and gave the company an “overweight” rating in a research report on Friday, January 31st. Six research analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Visa presently has a consensus rating of “Moderate Buy” and an average target price of $362.38.

Insider Buying and Selling

In other Visa news, insider Paul D. Fabara sold 39,350 shares of Visa stock in a transaction 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 approximately $8,642,333.60. The trade was a 59.84% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, General Counsel Julie B. Rottenberg sold 2,575 shares of Visa stock in a transaction on Thursday, May 1st. The shares were sold at an average price of $345.58, for a total transaction of $889,868.50. Following the completion of the transaction, the general counsel now owns 11,925 shares in the company, valued at approximately $4,121,041.50. This represents a 17.76% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 121,948 shares of company stock worth $41,548,282 in the last ninety days. 0.13% of the stock is owned by corporate insiders.

Visa 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.