Markowski Investments Purchases Shares of 5,617 Visa Inc. $V

Markowski Investments acquired a new position in Visa Inc. (NYSE:V) during the second quarter, HoldingsChannel reports. The institutional investor acquired 5,617 shares of the credit-card processor’s stock, valued at approximately $1,927,000.

Several other hedge funds have also recently made changes to their positions in the business. Nixon Peabody Trust Co. increased its position in shares of Visa by 58.1% during the first quarter. Nixon Peabody Trust Co. now owns 4,201 shares of the credit-card processor’s stock valued at $1,270,000 after buying an additional 1,543 shares during the period. Vega Investment Solutions bought a new stake in Visa during the 2nd quarter valued at approximately $829,000. Beacon Financial Group boosted its position in Visa by 83.9% during the 1st quarter. Beacon Financial Group now owns 22,501 shares of the credit-card processor’s stock valued at $6,801,000 after acquiring an additional 10,267 shares in the last quarter. Pincus Capital Management LP purchased a new position in shares of Visa during the 4th quarter worth approximately $4,278,000. Finally, Marble Wealth LLC purchased a new position in shares of Visa during the 4th quarter worth approximately $3,529,000. 82.15% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Visa

In other Visa news, insider Tullier Mahon sold 57,272 shares of Visa stock in a transaction on Thursday, July 30th. The shares were sold at an average price of $364.97, for a total value of $20,902,561.84. Following the sale, the insider directly owned 49,662 shares in the company, valued at approximately $18,125,140.14. The trade was a 53.56% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, General Counsel Julie B. Rottenberg sold 2,028 shares of the business’s stock in a transaction dated Monday, August 31st. The stock was sold at an average price of $381.35, for a total value of $773,377.80. Following the completion of the sale, the general counsel owned 18,404 shares in the company, valued at $7,018,365.40. This represents a 9.93% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 104,537 shares of company stock valued at $37,540,837 over the last ninety days. 0.12% of the stock is currently owned by company insiders.

Visa Price Performance

V opened at $374.46 on Friday. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.99 and a current ratio of 0.99. The stock has a market capitalization of $668.20 billion, a P/E ratio of 31.84, a P/E/G ratio of 2.03 and a beta of 0.76. The company’s 50-day simple moving average is $363.63 and its two-hundred day simple moving average is $333.27. Visa Inc. has a 52-week low of $293.89 and a 52-week high of $385.57.

Visa (NYSE:V) last issued its quarterly earnings data on Tuesday, July 28th. The credit-card processor reported $3.32 EPS for the quarter, topping the consensus estimate of $3.23 by $0.09. The company had revenue of $11.63 billion during the quarter, compared to analyst estimates of $11.40 billion. Visa had a return on equity of 67.68% and a net margin of 50.78%.Visa’s revenue was up 14.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.98 earnings per share. As a group, analysts predict that Visa Inc. will post 13.16 EPS for the current year.

Visa Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 1st. Shareholders of record on Tuesday, August 11th were issued a dividend of $0.67 per share. The ex-dividend date of this dividend was Tuesday, August 11th. This represents a $2.68 dividend on an annualized basis and a yield of 0.7%. Visa’s dividend payout ratio (DPR) is currently 22.79%.

Analysts Set New Price Targets

V has been the topic of several recent research reports. Piper Sandler reaffirmed an “overweight” rating and issued a $430.00 price target (up from $394.00) on shares of Visa in a research note on Wednesday, July 29th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $430.00 target price on shares of Visa in a report on Wednesday, July 29th. Wells Fargo & Company reaffirmed an “overweight” rating and issued a $432.00 target price (up from $412.00) on shares of Visa in a research report on Thursday, July 30th. Clear Str raised shares of Visa to a “strong-buy” rating in a research report on Thursday, July 16th. Finally, Truist Financial set a $406.00 price target on shares of Visa and gave the company a “buy” rating in a research report on Wednesday, August 5th. Seven investment analysts have rated the stock with a Strong Buy rating and twenty-four have given a Buy rating to the stock. According to MarketBeat, the stock has an average rating of “Buy” and an average target price of $416.62.

About Visa

Visa Inc is a global payments technology company that facilitates electronic funds transfers and digital commerce by connecting consumers, merchants, financial institutions and governments. The firm operates one of the world’s largest payment networks, providing processing, authorization, clearing and settlement services for credit, debit and prepaid card transactions. Visa’s network-based model enables partner banks and other issuers to offer branded payment products while Visa focuses on the infrastructure, standards and technologies that move money securely and efficiently around the world.

Visa’s product and service portfolio includes card-based payment products for consumers and businesses, real-time push-payment capabilities, tokenization and authentication services, fraud and risk-management tools, data analytics and APIs for fintech and merchant integration.