1,551 Shares in Visa Inc. $V Bought by a16z Perennial Management L.P.

a16z Perennial Management L.P. purchased a new position in shares of Visa Inc. (NYSE:V) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 1,551 shares of the credit-card processor’s stock, valued at approximately $529,000.

Several other hedge funds and other institutional investors have also made changes to their positions in V. Canada Post Corp Registered Pension Plan grew its position in shares of Visa by 48.4% during the third quarter. Canada Post Corp Registered Pension Plan now owns 162,748 shares of the credit-card processor’s stock worth $55,360,000 after buying an additional 53,106 shares in the last quarter. Wescott Financial Advisory Group LLC raised its holdings in Visa by 11.8% in the third quarter. Wescott Financial Advisory Group LLC now owns 693 shares of the credit-card processor’s stock valued at $237,000 after acquiring an additional 73 shares in the last quarter. Axim Planning & Wealth purchased a new position in Visa in the third quarter worth approximately $611,000. Wellington Shields Capital Management LLC lifted its stake in Visa by 1.5% in the third quarter. Wellington Shields Capital Management LLC now owns 10,254 shares of the credit-card processor’s stock worth $3,501,000 after acquiring an additional 147 shares during the last quarter. Finally, Greater Midwest Financial Group LLC grew its holdings in Visa by 20.1% during the 3rd quarter. Greater Midwest Financial Group LLC now owns 5,891 shares of the credit-card processor’s stock worth $2,011,000 after acquiring an additional 985 shares in the last quarter. Hedge funds and other institutional investors own 82.15% of the company’s stock.

Visa Price Performance

V stock opened at $331.82 on Friday. The company has a current ratio of 1.11, a quick ratio of 1.08 and a debt-to-equity ratio of 0.51. The company has a market capitalization of $604.49 billion, a P/E ratio of 31.13, a PEG ratio of 1.89 and a beta of 0.79. The business has a 50 day simple moving average of $338.50 and a 200-day simple moving average of $340.95. Visa Inc. has a twelve month low of $299.00 and a twelve month high of $375.51.

Visa (NYSE:V) last released its quarterly earnings results on Thursday, January 29th. The credit-card processor reported $3.17 EPS for the quarter, beating the consensus estimate of $3.14 by $0.03. Visa had a net margin of 50.23% and a return on equity of 61.74%. The firm had revenue of $10.90 billion during the quarter, compared to the consensus estimate of $10.69 billion. During the same quarter in the prior year, the firm earned $2.75 EPS. Visa’s revenue for the quarter was up 14.6% on a year-over-year basis. As a group, equities analysts anticipate that Visa Inc. will post 11.3 EPS for the current year.

Visa Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, March 2nd. Investors of record on Tuesday, February 10th will be issued a dividend of $0.67 per share. The ex-dividend date of this dividend is Tuesday, February 10th. This represents a $2.68 dividend on an annualized basis and a dividend yield of 0.8%. Visa’s dividend payout ratio (DPR) is currently 25.14%.

Analysts Set New Price Targets

V has been the topic of a number of analyst reports. HSBC upgraded shares of Visa from a “hold” rating to a “strong-buy” rating in a report on Monday, December 8th. Wells Fargo & Company upgraded Visa to a “strong-buy” rating in a research note on Wednesday, October 22nd. Robert W. Baird set a $425.00 price objective on Visa in a research report on Wednesday, October 29th. Truist Financial set a $374.00 price objective on Visa in a report on Tuesday, January 20th. Finally, Macquarie Infrastructure restated an “outperform” rating and set a $410.00 target price on shares of Visa in a research note on Friday, January 30th. Six analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat, Visa presently has a consensus rating of “Buy” and a consensus price target of $392.29.

Insider Activity

In other Visa news, insider Paul D. Fabara sold 2,172 shares of Visa stock in a transaction that occurred 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 transaction, the insider directly owned 26,413 shares in the company, valued at approximately $8,608,789.09. This trade represents a 7.60% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Ryan Mcinerney sold 10,485 shares of the company’s stock in a transaction that occurred 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 of the company’s stock, valued at $3,282,641.18. This trade represents a 52.73% decrease in their position. The SEC filing for this sale provides additional information. Insiders own 0.12% of the company’s stock.

Visa Company Profile

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.