Impact Investors Inc Purchases 1,608 Shares of Visa Inc. $V

Impact Investors Inc lifted its position in shares of Visa Inc. (NYSE:VFree Report) by 30.6% during the third quarter, Holdings Channel.com reports. The firm owned 6,871 shares of the credit-card processor’s stock after buying an additional 1,608 shares during the quarter. Visa accounts for 1.5% of Impact Investors Inc’s portfolio, making the stock its 20th biggest holding. Impact Investors Inc’s holdings in Visa were worth $2,346,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the company. BankPlus Wealth Management LLC increased its position in Visa by 0.9% during the 2nd quarter. BankPlus Wealth Management LLC now owns 3,338 shares of the credit-card processor’s stock worth $1,185,000 after buying an additional 29 shares during the period. Transcendent Capital Group LLC boosted its position in shares of Visa by 2.9% in the second quarter. Transcendent Capital Group LLC now owns 1,013 shares of the credit-card processor’s stock valued at $360,000 after acquiring an additional 29 shares during the period. Insight Wealth Strategies LLC grew its stake in shares of Visa by 1.6% in the third quarter. Insight Wealth Strategies LLC now owns 1,875 shares of the credit-card processor’s stock valued at $640,000 after acquiring an additional 29 shares in the last quarter. Old Port Advisors increased its position in Visa by 0.9% during the third quarter. Old Port Advisors now owns 3,423 shares of the credit-card processor’s stock worth $1,169,000 after acquiring an additional 29 shares during the period. Finally, Interchange Capital Partners LLC increased its position in Visa by 0.5% during the second quarter. Interchange Capital Partners LLC now owns 6,413 shares of the credit-card processor’s stock worth $2,276,000 after acquiring an additional 30 shares during the period. 82.15% of the stock is owned by institutional investors and hedge funds.

Key Stories Impacting Visa

Here are the key news stories impacting Visa this week:

Insider Buying and Selling at Visa

In other news, insider Paul D. Fabara sold 2,172 shares of the stock in a transaction on Friday, November 21st. The stock was sold at an average price of $325.93, for a total value of $707,919.96. Following the completion of the transaction, the insider directly owned 26,413 shares in the company, valued at approximately $8,608,789.09. This represents a 7.60% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Ryan Mcinerney sold 10,485 shares of the business’s stock in a transaction on Friday, January 2nd. The stock was sold at an average price of $349.18, for a total value of $3,661,152.30. Following the sale, the chief executive officer owned 9,401 shares in the company, valued at $3,282,641.18. This represents a 52.73% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 24,042 shares of company stock worth $8,247,289 over the last quarter. Corporate insiders own 0.12% of the company’s stock.

Visa Price Performance

Visa stock opened at $325.71 on Thursday. The stock has a fifty day moving average of $338.77 and a 200-day moving average of $342.83. The stock has a market capitalization of $593.36 billion, a P/E ratio of 31.90, a price-to-earnings-growth ratio of 1.92 and a beta of 0.81. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.08 and a current ratio of 1.08. Visa Inc. has a 52 week low of $299.00 and a 52 week high of $375.51.

Visa (NYSE:VGet Free Report) last issued its earnings results on Tuesday, October 28th. The credit-card processor reported $2.98 EPS for the quarter, topping the consensus estimate of $2.97 by $0.01. Visa had a return on equity of 60.31% and a net margin of 50.15%.The firm had revenue of $10.72 billion during the quarter, compared to the consensus estimate of $10.60 billion. During the same quarter in the previous year, the firm earned $2.71 earnings per share. The business’s quarterly revenue was up 11.5% on a year-over-year basis. On average, sell-side analysts expect that Visa Inc. will post 11.3 earnings per share for the current fiscal year.

Visa Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 1st. Investors of record on Wednesday, November 12th were paid a $0.67 dividend. This represents a $2.68 annualized dividend and a yield of 0.8%. The ex-dividend date of this dividend was Wednesday, November 12th. This is a positive change from Visa’s previous quarterly dividend of $0.59. Visa’s payout ratio is currently 26.25%.

Wall Street Analyst Weigh In

A number of research firms have issued reports on V. KeyCorp reissued an “overweight” rating and issued a $405.00 price objective on shares of Visa in a report on Wednesday, October 22nd. Evercore ISI set a $380.00 price target on Visa in a research note on Friday, December 12th. HSBC raised Visa from a “hold” rating to a “buy” rating and increased their price target for the stock from $335.00 to $389.00 in a research report on Sunday, December 7th. Raymond James Financial reaffirmed an “outperform” rating and issued a $408.00 price objective (up from $398.00) on shares of Visa in a report on Wednesday, October 29th. Finally, Macquarie reduced their target price on Visa from $425.00 to $410.00 and set an “outperform” rating on the stock in a report on Wednesday, October 29th. Four analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and an average target price of $401.52.

Check Out Our Latest Stock Report on V

Visa Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Visa (NYSE:V)

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