Visa Inc. (NYSE:V) Shares Purchased by Axiom Investors LLC DE

Axiom Investors LLC DE raised its holdings in shares of Visa Inc. (NYSE:V - Free Report) by 11.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 836,418 shares of the credit-card processor's stock after buying an additional 89,206 shares during the quarter. Visa comprises about 1.9% of Axiom Investors LLC DE's portfolio, making the stock its 14th biggest holding. Axiom Investors LLC DE's holdings in Visa were worth $264,342,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Decker Retirement Planning Inc. purchased a new position in Visa in the fourth quarter worth approximately $26,000. Bradley & Co. Private Wealth Management LLC purchased a new stake in shares of Visa in the 4th quarter valued at approximately $27,000. POM Investment Strategies LLC lifted its holdings in shares of Visa by 48.5% in the 4th quarter. POM Investment Strategies LLC now owns 98 shares of the credit-card processor's stock worth $31,000 after acquiring an additional 32 shares during the last quarter. Modus Advisors LLC purchased a new position in shares of Visa during the fourth quarter worth $32,000. Finally, Compass Planning Associates Inc acquired a new position in Visa during the 4th quarter worth about $32,000. Hedge funds and other institutional investors own 82.15% of the company's stock.

Visa Price Performance

V stock traded down $3.66 on Tuesday, reaching $346.80. The company had a trading volume of 7,467,586 shares, compared to its average volume of 7,153,002. 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's fifty day moving average is $344.22 and its 200 day moving average is $315.95. The company has a market cap of $644.28 billion, a P/E ratio of 34.96, a PEG ratio of 2.33 and a beta of 0.95. Visa Inc. has a 1 year low of $252.70 and a 1 year high of $366.54.

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Visa (NYSE:V - Get Free Report) last posted its quarterly earnings data on Thursday, January 30th. The credit-card processor reported $2.75 EPS for the quarter, topping 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, research analysts forecast that Visa Inc. will post 11.3 earnings per share for the current year.

Visa Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Tuesday, February 11th were paid a $0.59 dividend. The ex-dividend date was Tuesday, February 11th. This represents a $2.36 annualized dividend and a yield of 0.68%. Visa's payout ratio is currently 23.79%.

Insider Buying and Selling at Visa

In other news, CAO Peter M. Andreski sold 2,332 shares of Visa stock in a transaction dated Friday, February 7th. The stock was sold at an average price of $349.62, for a total value of $815,313.84. Following the transaction, the chief accounting officer now directly owns 4,488 shares of the company's stock, valued at $1,569,094.56. The trade was a 34.19 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Ryan Mcinerney sold 8,620 shares of the business's stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $317.78, for a total value of $2,739,263.60. The disclosure for this sale can be found here. In the last three months, insiders sold 143,205 shares of company stock worth $48,560,961. Insiders own 0.13% of the company's stock.

Analysts Set New Price Targets

A number of research firms have issued reports on V. UBS Group increased their target price on shares of Visa from $350.00 to $400.00 and gave the stock a "buy" rating in a report on Friday, January 31st. Piper Sandler reaffirmed an "overweight" rating and set a $383.00 price objective (up from $368.00) on shares of Visa in a research report on Friday, January 31st. Susquehanna reaffirmed a "positive" rating on shares of Visa in a report on Friday, March 21st. Citigroup restated a "neutral" rating on shares of Visa in a research report on Thursday, February 13th. Finally, Raymond James reissued an "outperform" rating and issued a $393.00 price target (up from $374.00) on shares of Visa in a research report on Friday, January 31st. Five research analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $355.84.

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.