HWG Holdings LP Purchases New Shares in Visa Inc. (NYSE:V)

HWG Holdings LP acquired a new stake in shares of Visa Inc. (NYSE:V) in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 280 shares of the credit-card processor’s stock, valued at approximately $98,000.

A number of other hedge funds also recently bought and sold shares of V. Bradley & Co. Private Wealth Management LLC acquired a new position in Visa during the fourth quarter valued at $27,000. Compass Planning Associates Inc acquired a new stake in Visa during the 4th quarter worth about $32,000. FPC Investment Advisory Inc. grew its stake in Visa by 377.3% during the 4th quarter. FPC Investment Advisory Inc. now owns 105 shares of the credit-card processor’s stock valued at $36,000 after acquiring an additional 83 shares in the last quarter. NewSquare Capital LLC acquired a new position in shares of Visa in the 4th quarter valued at about $35,000. Finally, Sellwood Investment Partners LLC purchased a new stake in shares of Visa in the fourth quarter worth approximately $41,000. 82.15% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts have weighed in on the stock. Macquarie dropped their price objective on shares of Visa from $400.00 to $380.00 and set an “outperform” rating on the stock in a research note on Wednesday, April 30th. William Blair restated an “outperform” rating on shares of Visa in a report on Wednesday, April 30th. Piper Sandler increased their price objective on Visa from $383.00 to $384.00 and gave the stock an “overweight” rating in a report on Wednesday, April 30th. Susquehanna restated a “positive” rating on shares of Visa in a research note on Friday, March 21st. Finally, Mizuho raised Visa from a “neutral” rating to an “outperform” rating and upped their target price for the stock from $359.00 to $425.00 in a research report on Thursday, June 5th. Five analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $372.80.

Insider Transactions at Visa

In related news, General Counsel Julie B. Rottenberg sold 2,575 shares of the company’s stock in a transaction 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 completion of the transaction, the general counsel now directly owns 11,925 shares in the company, valued at approximately $4,121,041.50. This represents a 17.76% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Paul D. Fabara sold 14,813 shares of Visa stock in a transaction on Thursday, May 8th. The stock was sold at an average price of $355.04, for a total transaction of $5,259,207.52. Following the sale, the insider now owns 26,413 shares in the company, valued at $9,377,671.52. This represents a 35.93% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 101,098 shares of company stock worth $36,738,526. 0.13% of the stock is currently owned by company insiders.

Visa Stock Performance

Shares of NYSE V opened at $344.18 on Tuesday. Visa Inc. has a 12 month low of $252.70 and a 12 month high of $375.51. The company has a market cap of $635.07 billion, a P/E ratio of 34.59, a P/E/G ratio of 2.28 and a beta of 0.94. The business’s 50 day moving average is $351.95 and its two-hundred day moving average is $339.18. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 0.45.

Visa (NYSE:V) last announced its quarterly earnings data 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 52.86% and a return on equity of 56.28%. The business had revenue of $9.59 billion for the quarter, compared to the consensus estimate of $9.57 billion. During the same quarter last year, the company posted $2.51 earnings per share. Visa’s quarterly revenue was up 9.3% on a year-over-year basis. On average, equities analysts expect that Visa Inc. will post 11.3 EPS for the current year.

Visa Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, June 2nd. Shareholders of record on Tuesday, May 13th were given a $0.59 dividend. The ex-dividend date was Tuesday, May 13th. This represents a $2.36 annualized dividend and a yield of 0.69%. Visa’s dividend payout ratio is 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.