Headlands Technologies LLC Acquires 2,307 Shares of Visa Inc. (NYSE:V)

Headlands Technologies LLC increased its holdings in Visa Inc. (NYSE:V - Free Report) by 81.0% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,156 shares of the credit-card processor's stock after acquiring an additional 2,307 shares during the quarter. Headlands Technologies LLC's holdings in Visa were worth $1,630,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently bought and sold shares of the company. Riverstone Advisors LLC bought a new position in shares of Visa during the fourth quarter valued at $217,000. Journey Strategic Wealth LLC grew its position in Visa by 16.4% during the 4th quarter. Journey Strategic Wealth LLC now owns 9,678 shares of the credit-card processor's stock valued at $3,058,000 after purchasing an additional 1,361 shares during the last quarter. King Wealth Management Group increased its stake in Visa by 9.0% during the 4th quarter. King Wealth Management Group now owns 74,874 shares of the credit-card processor's stock valued at $23,663,000 after purchasing an additional 6,172 shares in the last quarter. Generali Investments CEE investicni spolecnost a.s. purchased a new position in Visa in the fourth quarter worth about $10,163,000. Finally, Copley Financial Group Inc. bought a new position in shares of Visa in the third quarter worth approximately $616,000. 82.15% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Visa news, insider Paul D. Fabara sold 39,350 shares of the company's stock in a transaction that occurred on Wednesday, March 19th. The stock was sold at an average price of $340.41, for a total transaction of $13,395,133.50. Following the sale, the insider now directly owns 26,413 shares in the company, valued at $8,991,249.33. This represents a 59.84 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Ryan Mcinerney sold 8,620 shares of Visa stock in a transaction that occurred on Tuesday, April 1st. The stock was sold at an average price of $350.44, for a total value of $3,020,792.80. Following the completion of the transaction, the chief executive officer now owns 537 shares of the company's stock, valued at approximately $188,186.28. This trade represents a 94.14 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 143,205 shares of company stock worth $48,842,490. Corporate insiders own 0.13% of the company's stock.

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Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on V shares. Piper Sandler restated an "overweight" rating and issued a $383.00 price objective (up from $368.00) on shares of Visa in a report on Friday, January 31st. Oppenheimer restated an "outperform" rating on shares of Visa in a research note on Thursday, February 13th. JPMorgan Chase & Co. increased their price objective on Visa from $340.00 to $375.00 and gave the company an "overweight" rating in a research report on Friday, January 31st. Seaport Res Ptn upgraded Visa from a "hold" rating to a "strong-buy" rating in a report on Tuesday, January 14th. Finally, William Blair restated an "outperform" rating on shares of Visa in a research note 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 given a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $355.84.

Visa Price Performance

NYSE V traded down $25.93 during trading hours on Friday, reaching $313.46. The company's stock had a trading volume of 10,862,843 shares, compared to its average volume of 7,197,095. The company has a quick ratio of 1.12, a current 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. The firm's 50-day moving average price is $345.36 and its 200-day moving average price is $316.73. The company has a market capitalization of $582.34 billion, a price-to-earnings ratio of 31.60, a PEG ratio of 2.33 and a beta of 0.94.

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, topping analysts' consensus estimates of $2.66 by $0.09. Visa had a net margin of 54.27% and a return on equity of 54.79%. On average, equities research analysts predict that Visa Inc. will post 11.3 EPS for the current fiscal year.

Visa Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Tuesday, February 11th were issued a $0.59 dividend. The ex-dividend date was Tuesday, February 11th. This represents a $2.36 annualized dividend and a dividend yield of 0.75%. Visa's dividend payout ratio (DPR) is 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.