Parallel Advisors LLC Has $28.31 Million Holdings in Visa Inc. (NYSE:V)

Parallel Advisors LLC lifted its stake in Visa Inc. (NYSE:V) by 3.9% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 80,793 shares of the credit-card processor’s stock after acquiring an additional 3,049 shares during the period. Visa makes up 0.6% of Parallel Advisors LLC’s portfolio, making the stock its 23rd largest holding. Parallel Advisors LLC’s holdings in Visa were worth $28,312,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Capital & Planning LLC increased its position in shares of Visa by 21.2% during the 4th quarter. Capital & Planning LLC now owns 949 shares of the credit-card processor’s stock worth $300,000 after purchasing an additional 166 shares in the last quarter. Sovereign Investment Advisors LLC bought a new position in Visa in the 4th quarter valued at $424,000. Brighton Jones LLC raised its position in Visa by 50.1% in the 4th quarter. Brighton Jones LLC now owns 20,635 shares of the credit-card processor’s stock valued at $6,522,000 after purchasing an additional 6,883 shares during the last quarter. Union Bancaire Privee UBP SA acquired a new position in Visa in the fourth quarter worth $202,074,000. Finally, Atticus Wealth Management LLC grew its holdings in shares of Visa by 2.6% during the fourth quarter. Atticus Wealth Management LLC now owns 3,818 shares of the credit-card processor’s stock worth $1,207,000 after purchasing an additional 95 shares during the last quarter. Institutional investors own 82.15% of the company’s stock.

Insider Transactions at Visa

In other Visa news, insider Paul D. Fabara sold 39,350 shares of the company’s stock in a transaction dated Friday, March 14th. The stock was sold at an average price of $327.20, for a total value of $12,875,320.00. Following the completion of the transaction, the insider now owns 26,413 shares of the company’s stock, valued at $8,642,333.60. This represents a 59.84% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, General Counsel Julie B. Rottenberg sold 2,575 shares of the business’s stock in a transaction dated Thursday, May 1st. The stock was sold at an average price of $345.58, for a total value of $889,868.50. Following the sale, the general counsel now owns 11,925 shares in the company, valued at approximately $4,121,041.50. This trade represents a 17.76% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 121,948 shares of company stock valued at $41,548,282. Company insiders own 0.13% of the company’s stock.

Visa Trading Up 0.8%

Shares of NYSE:V opened at $362.55 on Friday. The stock has a market cap of $668.96 billion, a PE ratio of 36.55, a P/E/G ratio of 2.33 and a beta of 0.96. The business has a 50 day moving average of $342.99 and a 200-day moving average of $333.16. 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 12-month low of $252.70 and a 12-month high of $369.15.

Visa (NYSE:V) last released its earnings results on Tuesday, April 29th. The credit-card processor reported $2.76 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.68 by $0.08. Visa had a return on equity of 54.79% and a net margin of 54.27%. The company had revenue of $9.59 billion for the quarter, compared to analyst estimates of $9.57 billion. During the same period in the prior year, the firm posted $2.51 EPS. Visa’s quarterly revenue was up 9.3% on a year-over-year basis. As a group, equities research analysts forecast that Visa Inc. will post 11.3 earnings per share for the current year.

Visa Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 2nd. Stockholders of record on Tuesday, May 13th will be given a $0.59 dividend. This represents a $2.36 annualized dividend and a dividend yield of 0.65%. The ex-dividend date of this dividend is Tuesday, May 13th. Visa’s payout ratio is presently 23.72%.

Analyst Ratings Changes

Several research firms have weighed in on V. Susquehanna restated a “positive” rating on shares of Visa in a research report on Friday, March 21st. UBS Group upped their target price on shares of Visa from $395.00 to $405.00 and gave the company a “buy” rating in a research report on Wednesday. The Goldman Sachs Group boosted their price target on shares of Visa from $346.00 to $384.00 and gave the stock a “buy” rating in a research note on Friday, January 31st. Oppenheimer reaffirmed an “outperform” rating on shares of Visa in a research note on Thursday, February 13th. Finally, Jefferies Financial Group upped their target price on shares of Visa from $400.00 to $410.00 and gave the company a “buy” rating in a research report on Tuesday. Six analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $366.13.

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.