David J Yvars Group Invests $219,000 in Visa Inc. (NYSE:V)

David J Yvars Group acquired a new stake in Visa Inc. (NYSE:V) in the first quarter, HoldingsChannel.com reports. The institutional investor acquired 624 shares of the credit-card processor’s stock, valued at approximately $219,000.

Several other hedge funds have also added to or reduced their stakes in the business. Dynamic Advisor Solutions LLC acquired a new position in Visa in the first quarter valued at about $11,817,000. Grant Private Wealth Management Inc lifted its holdings in shares of Visa by 22.7% during the 1st quarter. Grant Private Wealth Management Inc now owns 3,357 shares of the credit-card processor’s stock valued at $1,170,000 after purchasing an additional 621 shares in the last quarter. Wilsey Asset Management Inc. acquired a new position in shares of Visa in the 1st quarter valued at approximately $213,000. Lakeridge Wealth Management LLC grew its position in shares of Visa by 5.7% in the 1st quarter. Lakeridge Wealth Management LLC now owns 1,507 shares of the credit-card processor’s stock valued at $528,000 after purchasing an additional 81 shares during the period. Finally, Dover Advisors LLC increased its stake in Visa by 3.5% during the 1st quarter. Dover Advisors LLC now owns 3,071 shares of the credit-card processor’s stock worth $1,076,000 after purchasing an additional 103 shares in the last quarter. Institutional investors and hedge funds own 82.15% of the company’s stock.

Insiders Place Their Bets

In other news, insider Paul D. Fabara sold 39,350 shares of Visa stock in a transaction that occurred on Wednesday, March 19th. The stock was sold at an average price of $340.41, for a total transaction of $13,395,133.50. Following the completion of the transaction, the insider now directly owns 26,413 shares in the company, valued at approximately $8,991,249.33. The trade was a 59.84% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, General Counsel Julie B. Rottenberg sold 2,575 shares of the business’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 value of $889,868.50. Following the transaction, the general counsel now directly owns 11,925 shares in the company, valued at $4,121,041.50. The trade was a 17.76% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 140,448 shares of company stock valued at $50,133,659 over the last 90 days. 0.13% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the stock. Susquehanna reaffirmed a “positive” rating on shares of Visa in a research note on Friday, March 21st. The Goldman Sachs Group started coverage on shares of Visa in a research report on Monday, June 2nd. They issued a “neutral” rating on the stock. UBS Group upped their target price on shares of Visa from $395.00 to $405.00 and gave the stock a “buy” rating in a research note on Wednesday, May 28th. Truist Financial began coverage on Visa in a research note on Monday, June 2nd. They issued a “buy” rating and a $400.00 price target on the stock. Finally, Piper Sandler boosted their price target on Visa from $383.00 to $384.00 and gave the company an “overweight” rating in a report on Wednesday, April 30th. Five analysts have rated the stock with a hold rating, twenty-three have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $372.80.

Visa Price Performance

Shares of V opened at $352.75 on Friday. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.45. The company’s fifty day simple moving average is $349.76 and its 200 day simple moving average is $337.61. Visa Inc. has a 1-year low of $252.70 and a 1-year high of $375.51. The company has a market cap of $650.87 billion, a price-to-earnings ratio of 35.56, a PEG ratio of 2.33 and a beta of 0.94.

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

Visa Dividend Announcement

The firm also recently declared 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 dividend on an annualized basis and a yield of 0.67%. The ex-dividend date was Tuesday, May 13th. Visa’s payout ratio is currently 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.