Xponance Inc. Boosts Holdings in Visa Inc. (NYSE:V)

Xponance Inc. grew its position in Visa Inc. (NYSE:V) by 1.1% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 425,732 shares of the credit-card processor’s stock after acquiring an additional 4,487 shares during the quarter. Visa comprises about 1.4% of Xponance Inc.’s portfolio, making the stock its 11th largest position. Xponance Inc.’s holdings in Visa were worth $149,202,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. von Borstel & Associates Inc. purchased a new stake in shares of Visa during the first quarter valued at $27,000. Sellwood Investment Partners LLC purchased a new stake in Visa in the 4th quarter valued at about $41,000. Mountain Hill Investment Partners Corp. purchased a new stake in Visa in the 4th quarter valued at about $47,000. Measured Risk Portfolios Inc. bought a new position in Visa in the 4th quarter worth about $47,000. Finally, O Brien Wealth Partners LLC purchased a new position in shares of Visa during the first quarter worth approximately $54,000. Institutional investors own 82.15% of the company’s stock.

Insider Buying and Selling

In other Visa news, General Counsel Julie B. Rottenberg sold 2,575 shares of the company’s stock in a transaction that occurred 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 transaction, the general counsel owned 11,925 shares in the company, valued at approximately $4,121,041.50. This represents a 17.76% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Paul D. Fabara sold 11,636 shares of the firm’s stock in a transaction on Wednesday, June 11th. The stock was sold at an average price of $375.00, for a total transaction of $4,363,500.00. Following the completion of the transaction, the insider directly owned 26,413 shares of the company’s stock, valued at approximately $9,904,875. This represents a 30.58% decrease in their position. The disclosure for this sale can be found here. Insiders sold 101,108 shares of company stock worth $36,771,200 in the last three months. Corporate insiders own 0.13% of the company’s stock.

Visa Stock Performance

Shares of V opened at $347.71 on Friday. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 0.45. The firm has a market cap of $641.58 billion, a PE ratio of 34.95, a P/E/G ratio of 2.36 and a beta of 0.92. Visa Inc. has a 12 month low of $252.70 and a 12 month high of $375.51. The stock has a fifty day moving average price of $356.93 and a 200-day moving average price of $342.71.

Visa (NYSE:V) last released its quarterly earnings results on Tuesday, April 29th. The credit-card processor reported $2.76 EPS for the quarter, beating analysts’ consensus estimates of $2.68 by $0.08. The company had revenue of $9.59 billion during the quarter, compared to analysts’ expectations of $9.57 billion. Visa had a return on equity of 56.28% and a net margin of 52.86%. The firm’s revenue was up 9.3% compared to the same quarter last year. During the same period last year, the business posted $2.51 earnings per share. Equities research analysts predict that Visa Inc. will post 11.3 earnings per share for the current fiscal year.

Visa Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 2nd. Investors of record on Tuesday, May 13th were given a $0.59 dividend. This represents a $2.36 annualized dividend and a dividend yield of 0.68%. The ex-dividend date was Tuesday, May 13th. Visa’s payout ratio is currently 23.72%.

Analysts Set New Price Targets

A number of brokerages recently issued reports on V. UBS Group boosted their price target on Visa from $395.00 to $405.00 and gave the company a “buy” rating in a report on Wednesday, May 28th. Mizuho upgraded Visa from a “neutral” rating to an “outperform” rating and upped their target price for the stock from $359.00 to $425.00 in a report on Thursday, June 5th. Barclays reissued an “overweight” rating on shares of Visa in a research report on Friday, June 13th. Susquehanna restated a “positive” rating on shares of Visa in a report on Friday, March 21st. Finally, Evercore ISI initiated coverage on shares of Visa in a report on Wednesday, April 9th. They set an “in-line” rating and a $330.00 target price on the stock. Five analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $372.84.

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.