Visa Inc. (NYSE:V) Stock Holdings Cut by Pursue Wealth Partners LLC

Pursue Wealth Partners LLC lessened its position in Visa Inc. (NYSE:V) by 18.0% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 753 shares of the credit-card processor’s stock after selling 165 shares during the period. Pursue Wealth Partners LLC’s holdings in Visa were worth $264,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of V. Bradley & Co. Private Wealth Management LLC bought a new position in shares of Visa in the fourth quarter valued at $27,000. Compass Planning Associates Inc acquired a new position in shares of Visa in the 4th quarter worth $32,000. FPC Investment Advisory Inc. raised its position in shares of Visa by 377.3% during the fourth quarter. FPC Investment Advisory Inc. now owns 105 shares of the credit-card processor’s stock worth $36,000 after purchasing an additional 83 shares during the period. NewSquare Capital LLC acquired a new stake in shares of Visa during the fourth quarter worth $35,000. Finally, Sellwood Investment Partners LLC purchased a new stake in shares of Visa during the fourth quarter valued at $41,000. Institutional investors and hedge funds own 82.15% of the company’s stock.

Wall Street Analysts Forecast Growth

V has been the topic of a number of analyst reports. BMO Capital Markets lifted their price target on Visa from $370.00 to $380.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 30th. Wall Street Zen upgraded shares of Visa from a “hold” rating to a “buy” rating in a report on Monday, May 12th. Piper Sandler upped their price target on shares of Visa from $383.00 to $384.00 and gave the company an “overweight” rating in a research report on Wednesday, April 30th. Macquarie lowered their price objective on shares of Visa from $400.00 to $380.00 and set an “outperform” rating on the stock in a research report on Wednesday, April 30th. Finally, Susquehanna reissued a “positive” rating on shares of Visa in a research note on Friday, March 21st. Five research analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $372.80.

Insiders Place Their Bets

In other news, insider Paul D. Fabara sold 11,636 shares of the business’s stock in a transaction on Wednesday, June 11th. The shares were sold at an average price of $375.00, for a total value of $4,363,500.00. Following the completion of the sale, the insider now directly owns 26,413 shares in the company, valued at approximately $9,904,875. The trade was a 30.58% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Ryan Mcinerney sold 8,620 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 transaction of $2,978,899.60. Following the sale, the chief executive officer now directly owns 537 shares of the company’s stock, valued at approximately $185,576.46. This represents a 94.14% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 101,098 shares of company stock valued at $36,738,526 over the last three months. 0.13% of the stock is currently owned by insiders.

Visa Trading Up 1.7%

Shares of NYSE V opened at $344.18 on Tuesday. The business has a 50 day simple moving average of $351.95 and a 200 day simple moving average of $339.18. Visa Inc. has a 52 week low of $252.70 and a 52 week high of $375.51. The stock has a market cap of $635.07 billion, a price-to-earnings ratio of 34.59, a PEG ratio of 2.28 and a beta of 0.94. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.08 and a current ratio of 1.08.

Visa (NYSE:V) last posted its earnings results on Tuesday, April 29th. The credit-card processor reported $2.76 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 company had revenue of $9.59 billion during the quarter, compared to the consensus estimate of $9.57 billion. During the same period in the previous year, the firm posted $2.51 earnings per share. The company’s revenue for the quarter was up 9.3% compared to the same quarter last year. On average, research analysts predict that Visa Inc. will post 11.3 earnings per share for the current fiscal year.

Visa Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 2nd. Investors of record on Tuesday, May 13th were issued a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a yield of 0.69%. The ex-dividend date of this dividend was Tuesday, May 13th. Visa’s dividend payout ratio 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.