Neumann Capital Management LLC Buys 100 Shares of Visa Inc. (NYSE:V)

Neumann Capital Management LLC increased its stake in shares of Visa Inc. (NYSE:V) by 9.3% in the first quarter, HoldingsChannel.com reports. The institutional investor owned 1,170 shares of the credit-card processor’s stock after buying an additional 100 shares during the quarter. Neumann Capital Management LLC’s holdings in Visa were worth $410,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Bradley & Co. Private Wealth Management LLC purchased a new stake in Visa in the fourth quarter worth $27,000. POM Investment Strategies LLC boosted its position in Visa by 48.5% during the fourth quarter. POM Investment Strategies LLC now owns 98 shares of the credit-card processor’s stock worth $31,000 after purchasing an additional 32 shares during the period. Compass Planning Associates Inc bought a new stake in shares of Visa in the fourth quarter valued at approximately $32,000. NewSquare Capital LLC bought a new stake in shares of Visa in the fourth quarter valued at approximately $35,000. Finally, FPC Investment Advisory Inc. grew its stake in Visa by 377.3% in the 4th quarter. FPC Investment Advisory Inc. now owns 105 shares of the credit-card processor’s stock valued at $36,000 after buying an additional 83 shares in the last quarter. 82.15% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on V. Macquarie cut their price target on Visa from $400.00 to $380.00 and set an “outperform” rating for the company in a report on Wednesday, April 30th. Evercore ISI started coverage on Visa in a research note on Wednesday, April 9th. They issued an “in-line” rating and a $330.00 target price for the company. The Goldman Sachs Group began coverage on Visa in a report on Monday, June 2nd. They set a “neutral” rating for the company. William Blair reissued an “outperform” rating on shares of Visa in a report on Wednesday, April 30th. Finally, BMO Capital Markets boosted their price objective on shares of Visa from $370.00 to $380.00 and gave the company an “outperform” rating in a research note on Wednesday, April 30th. Five research analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Visa presently has a consensus rating of “Moderate Buy” and an average target price of $372.80.

Visa Price Performance

Shares of Visa stock opened at $373.19 on Thursday. The firm has a market capitalization of $688.59 billion, a PE ratio of 37.62, a price-to-earnings-growth ratio of 2.33 and a beta of 0.94. The company has a current ratio of 1.12, a quick 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 $375.51. The business’s 50-day moving average price is $347.68 and its 200-day moving average price is $336.77.

Visa (NYSE:V) last issued 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. The business had revenue of $9.59 billion during the quarter, compared to analyst estimates of $9.57 billion. Visa had a return on equity of 54.79% and a net margin of 54.27%. Visa’s revenue for the quarter was up 9.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.51 earnings per share. Sell-side analysts forecast that Visa Inc. will post 11.3 EPS for the current fiscal year.

Visa Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, June 2nd. Investors of record on Tuesday, May 13th were issued a dividend of $0.59 per share. This represents a $2.36 annualized dividend and a dividend yield of 0.63%. The ex-dividend date of this dividend was Tuesday, May 13th. Visa’s dividend payout ratio is currently 23.72%.

Insider Buying and Selling

In related news, insider Paul D. Fabara sold 39,350 shares of the company’s stock in a transaction on Friday, March 14th. The shares were sold at an average price of $327.20, for a total transaction of $12,875,320.00. Following the completion of 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 position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO Ryan Mcinerney sold 8,620 shares of the stock in a transaction on Monday, June 2nd. The shares were sold at an average price of $362.77, for a total transaction of $3,127,077.40. Following the sale, the chief executive officer now directly owns 537 shares of the company’s stock, valued at $194,807.49. The trade was a 94.14% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 168,162 shares of company stock worth $58,645,479 in the last 90 days. 0.13% of the stock is owned by company insiders.

About Visa

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.