4,386 Shares in Visa Inc. (NYSE:V) Purchased by Alexis Investment Partners LLC

Alexis Investment Partners LLC acquired a new stake in shares of Visa Inc. (NYSE:V - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 4,386 shares of the credit-card processor's stock, valued at approximately $1,384,000. Visa makes up about 0.7% of Alexis Investment Partners LLC's investment portfolio, making the stock its 24th biggest position.

A number of other institutional investors also recently made changes to their positions in V. Norges Bank bought a new stake in shares of Visa in the 4th quarter valued at approximately $5,171,271,000. Vanguard Group Inc. lifted its position 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 worth $50,378,465,000 after buying an additional 7,079,706 shares during the last quarter. Raymond James Financial Inc. acquired a new position in shares of Visa in the 4th quarter valued at about $1,955,403,000. Proficio Capital Partners LLC grew its position in shares of Visa by 17,018.7% during 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 buying an additional 3,926,049 shares during the last quarter. Finally, Sanders Capital LLC bought a new position in Visa in the fourth quarter worth about $623,022,000. 82.15% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Visa

In other news, insider Paul D. Fabara sold 39,350 shares of the firm's stock in a transaction on Friday, March 14th. The shares were sold at an average price of $327.20, for a total transaction of $12,875,320.00. Following the transaction, the insider now owns 26,413 shares in the company, valued at approximately $8,642,333.60. This trade represents a 59.84 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Ryan Mcinerney sold 8,620 shares of the company's stock in a transaction on Tuesday, April 1st. The stock was sold at an average price of $350.44, for a total transaction of $3,020,792.80. Following the completion of the sale, the chief executive officer now owns 537 shares of the company's stock, valued at $188,186.28. This represents a 94.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 143,205 shares of company stock valued at $48,842,490. 0.13% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of research firms recently issued reports on V. Piper Sandler restated an "overweight" rating and set a $383.00 price objective (up previously from $368.00) on shares of Visa in a research report on Friday, January 31st. Seaport Res Ptn upgraded shares of Visa from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, January 14th. UBS Group boosted their target price on shares of Visa from $350.00 to $400.00 and gave the company a "buy" rating in a research note on Friday, January 31st. Susquehanna reaffirmed a "positive" rating on shares of Visa in a report on Friday, March 21st. Finally, Barclays raised their target price on Visa from $361.00 to $396.00 and gave the company an "overweight" rating in a research report on Monday, February 3rd. Seven investment analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Visa currently has a consensus rating of "Moderate Buy" and a consensus price target of $355.84.

Visa Stock Performance

Shares of V stock opened at $329.26 on Friday. The stock's fifty day simple moving average is $341.11 and its 200-day simple moving average is $320.08. The company has a market capitalization of $611.69 billion, a price-to-earnings ratio of 33.19, a P/E/G ratio of 2.33 and a beta of 0.94. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.45. Visa Inc. has a 1-year low of $252.70 and a 1-year high of $366.54.

Visa (NYSE:V - Get Free Report) last issued its earnings results on Thursday, January 30th. The credit-card processor reported $2.75 earnings per share for the quarter, beating analysts' consensus estimates of $2.66 by $0.09. Visa had a return on equity of 54.79% and a net margin of 54.27%. On average, sell-side analysts predict that Visa Inc. will post 11.3 earnings per share for the current fiscal year.

Visa Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Tuesday, February 11th were issued a dividend of $0.59 per share. This represents a $2.36 annualized dividend and a dividend yield of 0.72%. The ex-dividend date was Tuesday, February 11th. Visa's dividend payout ratio is currently 23.79%.

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.

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