Visa Inc. (NYSE:V) Position Increased by World Investment Advisors

World Investment Advisors increased its holdings in shares of Visa Inc. (NYSE:V - Free Report) by 7.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 98,889 shares of the credit-card processor's stock after purchasing an additional 7,012 shares during the period. Visa accounts for about 0.9% of World Investment Advisors' holdings, making the stock its 19th biggest holding. World Investment Advisors' holdings in Visa were worth $31,253,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. Decker Retirement Planning Inc. acquired a new stake in Visa during the 4th quarter valued at $26,000. Bradley & Co. Private Wealth Management LLC purchased a new position in Visa in the 4th quarter valued at about $27,000. POM Investment Strategies LLC grew its stake in shares of Visa by 48.5% during the fourth 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 purchased a new stake in shares of Visa during the fourth quarter worth about $32,000. Finally, Compass Planning Associates Inc acquired a new position in shares of Visa in the fourth quarter worth about $32,000. 82.15% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, CEO Ryan Mcinerney sold 8,620 shares of the stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $340.00, for a total value of $2,930,800.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Tullier Kelly Mahon sold 33,741 shares of Visa stock in a transaction on Friday, February 7th. The shares were sold at an average price of $349.77, for a total value of $11,801,589.57. Following the transaction, the insider now owns 36,566 shares in the company, valued at $12,789,689.82. This represents a 47.99 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 143,205 shares of company stock valued at $48,842,490. 0.13% of the stock is owned by corporate insiders.

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Wall Street Analyst Weigh In

A number of equities analysts have issued reports on V shares. The Goldman Sachs Group upped their target price on Visa from $346.00 to $384.00 and gave the company a "buy" rating in a research report on Friday, January 31st. William Blair reaffirmed an "outperform" rating on shares of Visa in a report on Friday, January 31st. Susquehanna reissued a "positive" rating on shares of Visa in a report on Friday, March 21st. JPMorgan Chase & Co. boosted their target price on shares of Visa from $340.00 to $375.00 and gave the stock an "overweight" rating in a research report on Friday, January 31st. Finally, Piper Sandler reaffirmed an "overweight" rating and set a $383.00 price target (up previously from $368.00) on shares of Visa in a research report on Friday, January 31st. Five equities research analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Visa has an average rating of "Moderate Buy" and an average target price of $355.84.

Visa Price Performance

NYSE V traded down $7.19 on Thursday, reaching $339.14. 8,786,063 shares of the stock traded hands, compared to its average volume of 7,173,310. Visa Inc. has a 12 month low of $252.70 and a 12 month high of $366.54. The company has a market cap of $630.04 billion, a price-to-earnings ratio of 34.19, a P/E/G ratio of 2.33 and a beta of 0.94. The firm's fifty day simple moving average is $345.36 and its 200 day simple moving average is $316.73. 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 (NYSE:V - Get Free Report) last posted its quarterly earnings data on Thursday, January 30th. The credit-card processor reported $2.75 earnings per share for the quarter, beating the consensus estimate of $2.66 by $0.09. Visa had a net margin of 54.27% and a return on equity of 54.79%. As a group, research analysts predict that Visa Inc. will post 11.3 EPS for the current fiscal year.

Visa Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Tuesday, February 11th were given a $0.59 dividend. The ex-dividend date of this dividend was Tuesday, February 11th. This represents a $2.36 dividend on an annualized basis and a dividend yield of 0.70%. Visa's dividend payout ratio (DPR) is 23.79%.

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.