Visa Inc. (NYSE:V) Stock Holdings Raised by Bennett Selby Investments LP

Bennett Selby Investments LP boosted its holdings in shares of Visa Inc. (NYSE:V) by 1.7% during the first quarter, Holdings Channel.com reports. The firm owned 55,727 shares of the credit-card processor’s stock after acquiring an additional 953 shares during the period. Visa accounts for about 7.7% of Bennett Selby Investments LP’s portfolio, making the stock its 4th largest position. Bennett Selby Investments LP’s holdings in Visa were worth $19,530,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently bought and sold shares of the business. Hirtle Callaghan & Co LLC lifted its stake in Visa by 1.3% in the fourth quarter. Hirtle Callaghan & Co LLC now owns 2,291 shares of the credit-card processor’s stock valued at $724,000 after buying an additional 29 shares during the last quarter. FWL Investment Management LLC increased its holdings in shares of Visa by 0.5% in the 4th quarter. FWL Investment Management LLC now owns 6,344 shares of the credit-card processor’s stock valued at $2,005,000 after acquiring an additional 29 shares during the period. Elevation Wealth Partners LLC increased its holdings in shares of Visa by 3.3% in the 4th quarter. Elevation Wealth Partners LLC now owns 939 shares of the credit-card processor’s stock valued at $297,000 after acquiring an additional 30 shares during the period. Warther Private Wealth LLC raised its position in Visa by 1.0% in the 4th quarter. Warther Private Wealth LLC now owns 2,935 shares of the credit-card processor’s stock valued at $928,000 after purchasing an additional 30 shares during the last quarter. Finally, Valmark Advisers Inc. boosted its stake in Visa by 0.4% during the 4th quarter. Valmark Advisers Inc. now owns 7,251 shares of the credit-card processor’s stock worth $2,292,000 after purchasing an additional 30 shares during the period. Hedge funds and other institutional investors own 82.15% of the company’s stock.

Visa Stock Up 1.0%

V opened at $370.44 on Monday. The business’s fifty day moving average is $345.45 and its two-hundred day moving average is $335.88. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.12 and a current ratio of 1.12. The company has a market cap of $683.52 billion, a price-to-earnings ratio of 37.34, a PEG ratio of 2.33 and a beta of 0.94. Visa Inc. has a one year low of $252.70 and a one year high of $371.83.

Visa (NYSE:V) last posted its earnings results on Tuesday, April 29th. The credit-card processor reported $2.76 EPS for the quarter, topping analysts’ consensus estimates of $2.68 by $0.08. The company had revenue of $9.59 billion for 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 period in the previous year, the business earned $2.51 earnings per share. Analysts anticipate that Visa Inc. will post 11.3 EPS for the current fiscal year.

Visa Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 2nd. Shareholders of record on Tuesday, May 13th were given a dividend of $0.59 per share. The ex-dividend date of this dividend was Tuesday, May 13th. This represents a $2.36 dividend on an annualized basis and a yield of 0.64%. Visa’s payout ratio is 23.72%.

Insiders Place Their Bets

In other news, CEO Ryan Mcinerney sold 8,620 shares of the company’s stock in a transaction on Monday, June 2nd. The stock was sold at an average price of $362.77, for a total value of $3,127,077.40. Following the sale, the chief executive officer now directly owns 537 shares in the company, valued at $194,807.49. This represents a 94.14% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Paul D. Fabara sold 46,214 shares of the company’s stock in a transaction on Thursday, June 5th. The shares were sold at an average price of $370.00, for a total value of $17,099,180.00. Following the completion of the sale, the insider now owns 26,413 shares in the company, valued at $9,772,810. This represents a 63.63% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 168,162 shares of company stock worth $58,645,479. 0.13% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

V has been the topic of a number of recent research reports. Citigroup assumed coverage on shares of Visa in a research note on Monday, June 2nd. They issued a “buy” rating on the stock. BMO Capital Markets boosted their price target on Visa from $370.00 to $380.00 and gave the company an “outperform” rating in a research report on Wednesday, April 30th. Jefferies Financial Group upped their price objective on Visa from $400.00 to $410.00 and gave the company a “buy” rating in a research note on Tuesday, May 27th. Macquarie lowered their target price on Visa from $400.00 to $380.00 and set an “outperform” rating on the stock in a research note on Wednesday, April 30th. Finally, Evercore ISI initiated coverage on Visa in a report on Wednesday, April 9th. They issued an “in-line” rating and a $330.00 target price on the stock. Five research analysts have rated the stock with a hold rating, twenty-three have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $372.80.

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.