Visa Inc. (NYSE:V) is Sora Investors LLC’s 8th Largest Position

Sora Investors LLC grew its holdings in Visa Inc. (NYSE:V) by 5.0% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 84,017 shares of the credit-card processor’s stock after buying an additional 4,017 shares during the quarter. Visa makes up about 2.9% of Sora Investors LLC’s investment portfolio, making the stock its 8th largest holding. Sora Investors LLC’s holdings in Visa were worth $26,553,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of V. Norges Bank purchased a new position in shares of Visa in the 4th quarter valued at approximately $5,171,271,000. Vanguard Group Inc. lifted its stake in shares of Visa by 4.6% in the 4th quarter. Vanguard Group Inc. now owns 159,405,343 shares of the credit-card processor’s stock valued at $50,378,465,000 after purchasing an additional 7,079,706 shares during the period. Raymond James Financial Inc. purchased a new position in shares of Visa in the 4th quarter valued at approximately $1,955,403,000. Proficio Capital Partners LLC lifted its stake in shares of Visa by 17,018.7% in the 4th quarter. Proficio Capital Partners LLC now owns 3,949,118 shares of the credit-card processor’s stock valued at $1,248,079,000 after purchasing an additional 3,926,049 shares during the period. Finally, Northern Trust Corp lifted its stake in shares of Visa by 18.0% in the 4th quarter. Northern Trust Corp now owns 18,260,714 shares of the credit-card processor’s stock valued at $5,771,116,000 after purchasing an additional 2,785,707 shares during the period. Hedge funds and other institutional investors own 82.15% of the company’s stock.

Insider Buying and Selling

In related news, CEO Ryan Mcinerney sold 8,620 shares of Visa stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $363.00, for a total value of $3,129,060.00. Following the completion of the sale, the chief executive officer now owns 537 shares of the company’s stock, valued at $194,931. The trade was a 94.14% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, General Counsel Julie B. Rottenberg sold 2,575 shares of the business’s stock in a transaction dated Thursday, May 1st. The shares were sold at an average price of $345.58, for a total value of $889,868.50. Following the sale, the general counsel now directly owns 11,925 shares of the company’s stock, valued at $4,121,041.50. This represents a 17.76% decrease in their position. The disclosure for this sale can be found here. Insiders sold 121,948 shares of company stock valued at $41,548,282 over the last 90 days. Company insiders own 0.13% of the company’s stock.

Visa Stock Up 1.5%

V stock opened at $361.87 on Friday. Visa Inc. has a 1-year low of $252.70 and a 1-year high of $366.54. The business has a fifty day moving average price of $337.92 and a 200-day moving average price of $328.77. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.12 and a quick ratio of 1.12. The stock has a market capitalization of $672.27 billion, a P/E ratio of 36.48, a P/E/G ratio of 2.33 and a beta of 0.96.

Visa (NYSE:V) last posted its quarterly 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 return on equity of 54.79% and a net margin of 54.27%. The firm had revenue of $9.59 billion during the quarter, compared to analysts’ expectations of $9.57 billion. During the same quarter in the previous year, the business earned $2.51 earnings per share. The company’s revenue was up 9.3% on a year-over-year basis. Equities analysts forecast that Visa Inc. will post 11.3 earnings per share for the current fiscal year.

Visa Dividend Announcement

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

Analyst Ratings Changes

V has been the subject of a number of research analyst reports. Macquarie lowered their target price on Visa from $400.00 to $380.00 and set an “outperform” rating for the company in a research note on Wednesday, April 30th. Keefe, Bruyette & Woods reiterated a “hold” rating on shares of Visa in a research note on Thursday, February 13th. UBS Group lowered their price objective on Visa from $400.00 to $395.00 and set a “buy” rating for the company in a research note on Wednesday, April 30th. Piper Sandler lifted their price objective on Visa from $383.00 to $384.00 and gave the company an “overweight” rating in a research note on Wednesday, April 30th. Finally, William Blair reiterated an “outperform” rating on shares of Visa in a research note 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 issued a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $362.38.

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.