Kesler Norman & Wride LLC Has $4.46 Million Stock Holdings in Visa Inc. (NYSE:V)

Kesler Norman & Wride LLC increased its position in shares of Visa Inc. (NYSE:V - Free Report) by 11.3% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 14,099 shares of the credit-card processor's stock after purchasing an additional 1,431 shares during the quarter. Kesler Norman & Wride LLC's holdings in Visa were worth $4,456,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Decker Retirement Planning Inc. bought a new position in shares of Visa during the fourth quarter valued at approximately $26,000. Bradley & Co. Private Wealth Management LLC acquired a new position in Visa during the 4th quarter valued at approximately $27,000. POM Investment Strategies LLC grew its stake in Visa by 48.5% during the 4th quarter. POM Investment Strategies LLC now owns 98 shares of the credit-card processor's stock worth $31,000 after buying an additional 32 shares during the last quarter. Modus Advisors LLC bought a new stake in Visa in the fourth quarter valued at $32,000. Finally, Compass Planning Associates Inc acquired a new position in shares of Visa during the fourth quarter valued at $32,000. Institutional investors and hedge funds own 82.15% of the company's stock.

Visa Trading Down 2.1 %

Shares of NYSE:V traded down $7.19 during mid-day trading on Thursday, hitting $339.14. The stock had a trading volume of 8,786,063 shares, compared to its average volume of 7,162,846. The company's 50 day moving average is $345.14 and its 200-day moving average is $316.58. Visa Inc. has a 12-month low of $252.70 and a 12-month high of $366.54. 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 has a market cap of $630.04 billion, a PE ratio of 34.19, a P/E/G ratio of 2.33 and a beta of 0.94.

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Visa (NYSE:V - Get Free Report) last released its earnings results on Thursday, January 30th. The credit-card processor reported $2.75 earnings per share (EPS) 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 EPS for the current year.

Visa Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Tuesday, February 11th were given a dividend of $0.59 per share. The ex-dividend date of this dividend was Tuesday, February 11th. This represents a $2.36 dividend on an annualized basis and a yield of 0.70%. Visa's payout ratio is presently 23.79%.

Analyst Ratings Changes

Several brokerages recently weighed in on V. Citigroup reiterated a "neutral" rating on shares of Visa in a research report on Thursday, February 13th. StockNews.com raised Visa from a "hold" rating to a "buy" rating in a report on Friday, March 28th. Piper Sandler reiterated 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. Oppenheimer restated an "outperform" rating on shares of Visa in a research report on Thursday, February 13th. Finally, Seaport Res Ptn upgraded Visa from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, January 14th. Five research analysts have rated the stock with a hold rating, twenty-three have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, Visa currently has a consensus rating of "Moderate Buy" and a consensus price target of $355.84.

Insiders Place Their Bets

In other Visa news, CAO Peter M. Andreski sold 2,332 shares of the stock in a transaction that occurred on Friday, February 7th. The shares were sold at an average price of $349.62, for a total value of $815,313.84. Following the completion of the sale, the chief accounting officer now owns 4,488 shares in the company, valued at $1,569,094.56. This represents a 34.19 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Ryan Mcinerney sold 8,620 shares of the business's stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $363.00, for a total transaction of $3,129,060.00. Following the transaction, the chief executive officer now owns 537 shares in the company, valued at approximately $194,931. This represents a 94.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 143,205 shares of company stock worth $48,842,490. 0.13% of the stock is currently owned by company insiders.

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.