WP Advisors LLC Has $8.47 Million Stake in Visa Inc. (NYSE:V)

WP Advisors LLC grew its position in Visa Inc. (NYSE:V) by 4.3% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 24,164 shares of the credit-card processor’s stock after acquiring an additional 1,000 shares during the quarter. Visa accounts for about 2.8% of WP Advisors LLC’s holdings, making the stock its 9th largest position. WP Advisors LLC’s holdings in Visa were worth $8,469,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of V. GAMMA Investing LLC lifted its position in shares of Visa by 38,416.3% during the 1st quarter. GAMMA Investing LLC now owns 14,761,375 shares of the credit-card processor’s stock worth $5,173,271,000 after buying an additional 14,723,050 shares during the period. Nuveen LLC bought a new position in shares of Visa during the 1st quarter worth approximately $3,518,533,000. Northern Trust Corp lifted its position in shares of Visa by 18.0% during the 4th quarter. Northern Trust Corp now owns 18,260,714 shares of the credit-card processor’s stock worth $5,771,116,000 after buying an additional 2,785,707 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH bought a new position in shares of Visa during the 4th quarter worth approximately $673,689,000. Finally, Sanders Capital LLC bought a new position in shares of Visa during the 4th quarter worth approximately $623,022,000. Institutional investors own 82.15% of the company’s stock.

Wall Street Analysts Forecast Growth

V has been the subject of several research reports. UBS Group reissued a “buy” rating and issued a $415.00 target price (up from $405.00) on shares of Visa in a research note on Wednesday, July 30th. Citigroup started coverage on Visa in a report on Monday, June 2nd. They set a “buy” rating on the stock. Raymond James Financial restated an “outperform” rating on shares of Visa in a report on Wednesday, July 30th. Piper Sandler upped their target price on Visa from $383.00 to $384.00 and gave the stock an “overweight” rating in a report on Wednesday, April 30th. Finally, Morgan Stanley upped their target price on Visa from $386.00 to $402.00 and gave the stock an “overweight” rating in a report on Wednesday, July 30th. Five investment analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $380.84.

Insider Activity at Visa

In related news, CEO Ryan Mcinerney sold 8,630 shares of the company’s stock in a transaction that occurred on Tuesday, July 1st. The stock was sold at an average price of $353.82, for a total value of $3,053,466.60. Following the transaction, the chief executive officer owned 537 shares in the company, valued at approximately $190,001.34. This represents a 94.14% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Paul D. Fabara sold 46,214 shares of the company’s stock in a transaction that occurred 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 transaction, the insider owned 26,413 shares in the company, valued at approximately $9,772,810. The trade was a 63.63% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 75,100 shares of company stock worth $27,643,224. 0.13% of the stock is owned by company insiders.

Visa Stock Performance

Shares of V opened at $336.86 on Monday. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.12 and a current ratio of 1.12. The stock has a 50 day moving average price of $352.79 and a two-hundred day moving average price of $347.26. The firm has a market capitalization of $617.39 billion, a P/E ratio of 32.90, a P/E/G ratio of 2.25 and a beta of 0.94. Visa Inc. has a 52 week low of $258.74 and a 52 week high of $375.51.

Visa (NYSE:V) last issued its quarterly earnings data on Tuesday, July 29th. The credit-card processor reported $2.98 EPS for the quarter, topping analysts’ consensus estimates of $2.85 by $0.13. Visa had a return on equity of 58.93% and a net margin of 52.16%. The firm had revenue of $10.17 billion during the quarter, compared to analyst estimates of $9.82 billion. During the same period in the previous year, the company posted $2.42 EPS. The company’s revenue for the quarter was up 14.3% 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 Tuesday, September 2nd. Investors of record on Tuesday, August 12th will be paid a $0.59 dividend. The ex-dividend date is Tuesday, August 12th. This represents a $2.36 annualized dividend and a yield of 0.7%. Visa’s dividend payout ratio is presently 23.05%.

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.