William John Sempolinski Acquires New Holdings in Visa Inc. $V

William John Sempolinski bought a new position in shares of Visa Inc. (NYSE:V) in the 2nd quarter, HoldingsChannel reports. The fund bought 3,600 shares of the credit-card processor’s stock, valued at approximately $1,235,000.

Other institutional investors have also made changes to their positions in the company. Parvin Asset Management LLC lifted its holdings in shares of Visa by 200.0% in the 3rd quarter. Parvin Asset Management LLC now owns 75 shares of the credit-card processor’s stock worth $26,000 after acquiring an additional 50 shares during the last quarter. Philadelphia Investment Partners LLC acquired a new stake in Visa in the 2nd quarter valued at approximately $29,000. Virtus Advisers LLC purchased a new stake in Visa in the second quarter valued at approximately $33,000. RHL Group LLC purchased a new stake in Visa in the fourth quarter valued at approximately $34,000. Finally, Timmons Wealth Management LLC acquired a new position in Visa during the fourth quarter worth $34,000. 82.15% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the company. Royal Bank Of Canada restated an “outperform” rating and set a $466.00 price target (up from $412.00) on shares of Visa in a research report on Monday. Morgan Stanley reiterated an “overweight” rating and set a $416.00 target price on shares of Visa in a report on Wednesday, July 29th. Raymond James Financial reissued an “outperform” rating and issued a $406.00 price target on shares of Visa in a research report on Wednesday, July 29th. Truist Financial set a $406.00 price target on shares of Visa and gave the stock a “buy” rating in a research note on Wednesday, August 5th. Finally, Erste Group Bank raised Visa from a “hold” rating to a “buy” rating in a research report on Monday, July 27th. Seven analysts have rated the stock with a Strong Buy rating and twenty-four have given a Buy rating to the company. According to MarketBeat, the company has an average rating of “Buy” and an average price target of $416.62.

Insider Buying and Selling

In other Visa news, General Counsel Julie B. Rottenberg sold 2,028 shares of the firm’s stock in a transaction on Monday, August 31st. The stock was sold at an average price of $381.35, for a total value of $773,377.80. Following the sale, the general counsel directly owned 18,404 shares in the company, valued at $7,018,365.40. This trade represents a 9.93% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Ryan Mcinerney sold 20,970 shares of Visa stock in a transaction dated Monday, June 29th. The stock was sold at an average price of $340.25, for a total value of $7,135,042.50. Following the sale, the chief executive officer directly owned 15,174 shares of the company’s stock, valued at $5,162,953.50. This trade represents a 58.02% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders sold 104,537 shares of company stock worth $37,540,837. Corporate insiders own 0.12% of the company’s stock.

Visa Stock Down 1.1%

Shares of NYSE:V opened at $374.46 on Friday. Visa Inc. has a fifty-two week low of $293.89 and a fifty-two week high of $385.57. The firm’s 50 day moving average price is $363.63 and its 200 day moving average price is $333.27. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.60. The stock has a market cap of $668.20 billion, a price-to-earnings ratio of 31.84, a price-to-earnings-growth ratio of 2.03 and a beta of 0.76.

Visa (NYSE:V) last posted its quarterly earnings results on Tuesday, July 28th. The credit-card processor reported $3.32 EPS for the quarter, topping the consensus estimate of $3.23 by $0.09. Visa had a net margin of 50.78% and a return on equity of 67.68%. The company had revenue of $11.63 billion during the quarter, compared to analysts’ expectations of $11.40 billion. During the same quarter in the previous year, the business posted $2.98 EPS. The firm’s revenue was up 14.4% on a year-over-year basis. As a group, equities research analysts predict that Visa Inc. will post 13.16 earnings per share for the current fiscal year.

Visa Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 1st. Stockholders of record on Tuesday, August 11th were given a dividend of $0.67 per share. This represents a $2.68 annualized dividend and a dividend yield of 0.7%. The ex-dividend date of this dividend was Tuesday, August 11th. Visa’s payout ratio is 22.79%.

Visa Company Profile

Visa Inc is a global payments technology company that facilitates electronic funds transfers and digital commerce by connecting consumers, merchants, financial institutions and governments. The firm operates one of the world’s largest payment networks, providing processing, authorization, clearing and settlement services for credit, debit and prepaid card transactions. Visa’s network-based model enables partner banks and other issuers to offer branded payment products while Visa focuses on the infrastructure, standards and technologies that move money securely and efficiently around the world.

Visa’s product and service portfolio includes card-based payment products for consumers and businesses, real-time push-payment capabilities, tokenization and authentication services, fraud and risk-management tools, data analytics and APIs for fintech and merchant integration.