Visa Inc. (NYSE:V) Shares Purchased by PDS Planning Inc

PDS Planning Inc boosted its stake in Visa Inc. (NYSE:V) by 3.0% in the 4th quarter, Holdings Channel reports. The firm owned 9,456 shares of the credit-card processor’s stock after buying an additional 274 shares during the quarter. PDS Planning Inc’s holdings in Visa were worth $2,989,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Elevation Wealth Partners LLC boosted its stake in shares of Visa by 3.3% during the 4th quarter. Elevation Wealth Partners LLC now owns 939 shares of the credit-card processor’s stock valued at $297,000 after buying an additional 30 shares during the period. Warther Private Wealth LLC boosted its stake in shares of Visa by 1.0% during the 4th quarter. Warther Private Wealth LLC now owns 2,935 shares of the credit-card processor’s stock valued at $928,000 after buying an additional 30 shares during the period. Valmark Advisers Inc. boosted its stake in shares of Visa by 0.4% during the 4th quarter. Valmark Advisers Inc. now owns 7,251 shares of the credit-card processor’s stock valued at $2,292,000 after buying an additional 30 shares during the period. Strategic Family Wealth Counselors L.L.C. boosted its stake in shares of Visa by 0.4% during the 4th quarter. Strategic Family Wealth Counselors L.L.C. now owns 7,283 shares of the credit-card processor’s stock valued at $2,302,000 after buying an additional 30 shares during the period. Finally, Crescent Grove Advisors LLC boosted its stake in shares of Visa by 2.2% during the 4th quarter. Crescent Grove Advisors LLC now owns 1,437 shares of the credit-card processor’s stock valued at $454,000 after buying an additional 31 shares during the period. 82.15% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, insider Paul D. Fabara sold 39,350 shares of the stock in a transaction dated Friday, March 14th. The shares were sold at an average price of $327.20, for a total value of $12,875,320.00. Following the completion of the transaction, the insider now owns 26,413 shares of the company’s stock, valued at $8,642,333.60. This represents a 59.84 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CAO Peter M. Andreski sold 2,332 shares of the stock in a transaction dated Friday, February 7th. The stock was sold at an average price of $349.62, for a total transaction of $815,313.84. Following the completion of the transaction, the chief accounting officer now directly owns 4,488 shares of the company’s stock, valued at $1,569,094.56. This trade represents a 34.19 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 103,855 shares of company stock valued at $35,165,827. Insiders own 0.13% of the company’s stock.

Visa Stock Up 0.8 %

V stock opened at $334.35 on Tuesday. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.12 and a quick ratio of 1.12. Visa Inc. has a 52-week low of $252.70 and a 52-week high of $366.54. The company has a 50-day moving average of $338.39 and a two-hundred day moving average of $311.61. The stock has a market capitalization of $621.15 billion, a price-to-earnings ratio of 33.70, a price-to-earnings-growth ratio of 2.33 and a beta of 0.95.

Visa (NYSE:V) last announced its quarterly earnings data on Thursday, January 30th. The credit-card processor reported $2.75 EPS for the quarter, beating analysts’ consensus estimates of $2.66 by $0.09. Visa had a net margin of 54.27% and a return on equity of 54.79%. As a group, equities research analysts anticipate that Visa Inc. will post 11.3 EPS for the current year.

Visa Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Tuesday, February 11th were given a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a dividend yield of 0.71%. The ex-dividend date of this dividend was Tuesday, February 11th. Visa’s dividend payout ratio is currently 23.79%.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on V. Piper Sandler reissued an “overweight” rating and set a $383.00 target price (up previously from $368.00) on shares of Visa in a research note on Friday, January 31st. Seaport Res Ptn raised shares of Visa from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, January 14th. Bank of America lifted their target price on shares of Visa from $331.00 to $363.00 and gave the company a “neutral” rating in a research note on Friday, January 31st. Oppenheimer reiterated an “outperform” rating on shares of Visa in a report on Thursday, February 13th. Finally, Wells Fargo & Company upped their price objective on shares of Visa from $360.00 to $395.00 and gave the stock an “overweight” rating in a report on Friday, January 31st. Seven analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $353.96.

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.