2,488 Shares in Visa Inc. (NYSE:V) Bought by May Hill Capital LLC

May Hill Capital LLC bought a new stake in shares of Visa Inc. (NYSE:V - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 2,488 shares of the credit-card processor's stock, valued at approximately $786,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Decker Retirement Planning Inc. acquired a new stake in shares of Visa in the fourth quarter worth $26,000. Bradley & Co. Private Wealth Management LLC purchased a new stake in Visa in the 4th quarter worth about $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 valued at $31,000 after acquiring an additional 32 shares in the last quarter. Modus Advisors LLC acquired a new position in shares of Visa in the 4th quarter valued at about $32,000. Finally, Compass Planning Associates Inc purchased a new stake in shares of Visa in the fourth quarter worth approximately $32,000. 82.15% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Visa

In other news, CEO Ryan Mcinerney sold 8,620 shares of the stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $340.00, for a total transaction of $2,930,800.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, General Counsel Julie B. Rottenberg sold 2,572 shares of the business's stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $340.00, for a total transaction of $874,480.00. Following the completion of the transaction, the general counsel now owns 11,925 shares in the company, valued at approximately $4,054,500. The trade was a 17.74 % decrease in their position. 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.

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Visa Price Performance

V stock traded down $16.70 during midday trading on Friday, reaching $322.70. The company had a trading volume of 5,288,031 shares, compared to its average volume of 6,639,790. The stock has a 50 day moving average price of $345.36 and a 200-day moving average price of $316.73. Visa Inc. has a 1-year low of $252.70 and a 1-year high of $366.54. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.12 and a quick ratio of 1.12. The company has a market capitalization of $599.50 billion, a price-to-earnings ratio of 32.53, a price-to-earnings-growth 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 EPS for the quarter, topping the consensus estimate of $2.66 by $0.09. Visa had a return on equity of 54.79% and a net margin of 54.27%. Equities research analysts expect that Visa Inc. will post 11.3 earnings per share for the current year.

Visa Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Tuesday, February 11th were issued a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a yield of 0.73%. The ex-dividend date of this dividend was Tuesday, February 11th. Visa's payout ratio is 23.79%.

Wall Street Analyst Weigh In

Several research firms have weighed in on V. Morgan Stanley upped their price objective on shares of Visa from $326.00 to $371.00 and gave the company an "overweight" rating in a research note on Wednesday, December 18th. Raymond James reaffirmed an "outperform" rating and issued a $393.00 price target (up from $374.00) on shares of Visa in a research note on Friday, January 31st. Piper Sandler reiterated an "overweight" rating and issued a $383.00 target price (up from $368.00) on shares of Visa in a research note on Friday, January 31st. UBS Group boosted their price target on Visa from $350.00 to $400.00 and gave the stock a "buy" rating in a research report on Friday, January 31st. Finally, Barclays raised their target price on shares of Visa from $361.00 to $396.00 and gave the company an "overweight" rating in a research note on Monday, February 3rd. Five 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. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $355.84.

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.