RoundAngle Advisors LLC Invests $1.49 Million in Visa Inc. (NYSE:V)

RoundAngle Advisors LLC acquired a new stake in shares of Visa Inc. (NYSE:V - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 4,705 shares of the credit-card processor's stock, valued at approximately $1,487,000. Visa makes up 1.4% of RoundAngle Advisors LLC's investment portfolio, making the stock its 29th largest position.

Several other institutional investors and hedge funds have also modified their holdings of the business. Custom Index Systems LLC bought a new stake in shares of Visa in the third quarter valued at about $731,000. Copley Financial Group Inc. bought a new stake in Visa in the 3rd quarter valued at approximately $616,000. FORA Capital LLC acquired a new position in Visa during the 3rd quarter worth approximately $7,987,000. Chicago Capital LLC grew its stake in shares of Visa by 5.2% during the 3rd quarter. Chicago Capital LLC now owns 404,914 shares of the credit-card processor's stock worth $111,331,000 after acquiring an additional 20,023 shares in the last quarter. Finally, Oak Ridge Investments LLC raised its holdings in shares of Visa by 5.9% in the fourth quarter. Oak Ridge Investments LLC now owns 75,456 shares of the credit-card processor's stock valued at $23,847,000 after purchasing an additional 4,198 shares during the last quarter. 82.15% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

V has been the subject of several recent research reports. Macquarie increased their target price on shares of Visa from $300.00 to $335.00 and gave the stock an "outperform" rating in a report on Wednesday, October 30th. Piper Sandler increased their price objective on shares of Visa from $319.00 to $322.00 and gave the stock an "overweight" rating in a research note on Wednesday, October 30th. Mizuho lifted their target price on Visa from $279.00 to $292.00 and gave the company a "neutral" rating in a research report on Friday, November 1st. Barclays increased their price target on Visa from $319.00 to $347.00 and gave the company an "overweight" rating in a research report on Monday, November 4th. Finally, TD Cowen boosted their price target on Visa from $318.00 to $325.00 and gave the stock a "buy" rating in a research report on Wednesday, October 30th. Four investment analysts have rated the stock with a hold rating, twenty-four have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $331.92.

Visa Stock Performance

NYSE V traded up $4.14 during trading on Tuesday, reaching $323.76. The company's stock had a trading volume of 5,652,636 shares, compared to its average volume of 5,746,346. The firm has a 50 day moving average price of $313.59 and a 200 day moving average price of $289.09. Visa Inc. has a 12 month low of $252.70 and a 12 month high of $324.58. The firm has a market capitalization of $603.12 billion, a price-to-earnings ratio of 33.27, a price-to-earnings-growth ratio of 2.15 and a beta of 0.96. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 0.55.

Visa (NYSE:V - Get Free Report) last issued its quarterly earnings results on Tuesday, October 29th. The credit-card processor reported $2.71 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.58 by $0.13. The business had revenue of $9.62 billion during the quarter, compared to analysts' expectations of $9.49 billion. Visa had a return on equity of 53.16% and a net margin of 54.96%. The firm's revenue for the quarter was up 11.7% compared to the same quarter last year. During the same period in the previous year, the company posted $2.33 earnings per share. As a group, equities analysts anticipate that Visa Inc. will post 11.2 EPS for the current fiscal year.

Visa Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, December 2nd. Investors of record on Tuesday, November 12th were paid a $0.59 dividend. 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, November 12th. This is an increase from Visa's previous quarterly dividend of $0.52. Visa's payout ratio is 24.25%.

Insider Buying and Selling

In other news, insider Paul D. Fabara sold 2,171 shares of the business's stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $307.97, for a total transaction of $668,602.87. Following the completion of the transaction, the insider now owns 17,894 shares of the company's stock, valued at approximately $5,510,815.18. The trade was a 10.82 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Ryan Mcinerney sold 8,620 shares of the firm's stock in a transaction dated Thursday, January 2nd. The shares were 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. 0.13% of the stock is currently owned by company insiders.

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.