Visa Inc. (NYSE:V) Shares Bought by Beese Fulmer Investment Management Inc.

Beese Fulmer Investment Management Inc. boosted its stake in shares of Visa Inc. (NYSE:V) by 2.1% during the 1st quarter, according to its most recent filing with the SEC. The firm owned 4,586 shares of the credit-card processor’s stock after purchasing an additional 96 shares during the period. Beese Fulmer Investment Management Inc.’s holdings in Visa were worth $1,607,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. James J. Burns & Company LLC raised its position in shares of Visa by 2.5% during the 1st quarter. James J. Burns & Company LLC now owns 1,981 shares of the credit-card processor’s stock valued at $694,000 after buying an additional 49 shares during the period. Somerset Trust Co purchased a new stake in Visa in the first quarter valued at approximately $234,000. Lantz Financial LLC raised its position in Visa by 10.8% in the first quarter. Lantz Financial LLC now owns 2,586 shares of the credit-card processor’s stock valued at $906,000 after purchasing an additional 253 shares during the period. Andrew Hill Investment Advisors Inc. raised its position in Visa by 297.5% in the first quarter. Andrew Hill Investment Advisors Inc. now owns 7,986 shares of the credit-card processor’s stock valued at $2,799,000 after purchasing an additional 5,977 shares during the period. Finally, Spartan Planning & Wealth Management raised its position in Visa by 2.4% in the first quarter. Spartan Planning & Wealth Management now owns 3,115 shares of the credit-card processor’s stock valued at $1,092,000 after purchasing an additional 73 shares during the period. 82.15% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Visa

In other news, insider Paul D. Fabara sold 39,350 shares of the stock in a transaction that occurred on Friday, March 14th. The shares were sold at an average price of $327.20, for a total value of $12,875,320.00. Following the sale, the insider now directly owns 26,413 shares in the company, valued at $8,642,333.60. This represents a 59.84% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Ryan Mcinerney sold 8,620 shares of the firm’s stock in a transaction that occurred on Thursday, May 1st. The stock was sold at an average price of $345.58, for a total transaction of $2,978,899.60. Following the sale, the chief executive officer now owns 537 shares in the company, valued at approximately $185,576.46. This trade represents a 94.14% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 121,948 shares of company stock valued at $41,548,282. Corporate insiders own 0.13% of the company’s stock.

Analysts Set New Price Targets

Several research firms have commented on V. Bank of America boosted their price target on shares of Visa from $331.00 to $363.00 and gave the stock a “neutral” rating in a research note on Friday, January 31st. William Blair restated an “outperform” rating on shares of Visa in a research note on Wednesday, April 30th. Jefferies Financial Group boosted their price target on shares of Visa from $400.00 to $410.00 and gave the stock a “buy” rating in a research note on Tuesday. Citigroup reiterated a “neutral” rating on shares of Visa in a research note on Thursday, February 13th. Finally, Piper Sandler boosted their target price on shares of Visa from $383.00 to $384.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 30th. Six research 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 company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $366.13.

Visa Trading Up 0.8%

NYSE V opened at $365.43 on Friday. The stock has a market capitalization of $674.28 billion, a P/E ratio of 36.84, a P/E/G ratio of 2.33 and a beta of 0.96. Visa Inc. has a 52-week low of $252.70 and a 52-week high of $369.15. The firm has a 50-day moving average price of $343.40 and a 200 day moving average price of $333.54. 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) last posted its quarterly 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 net margin of 54.27% and a return on equity of 54.79%. The firm had revenue of $9.59 billion during the quarter, compared to analysts’ expectations of $9.57 billion. During the same period in the prior year, the company posted $2.51 earnings per share. The firm’s revenue for the quarter was up 9.3% on a year-over-year basis. Equities research analysts expect that Visa Inc. will post 11.3 EPS for the current year.

Visa Announces Dividend

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

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.