Roundview Capital LLC Raises Holdings in Visa Inc. $V

Roundview Capital LLC raised its holdings in shares of Visa Inc. (NYSE:V) by 6.0% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 55,839 shares of the credit-card processor’s stock after purchasing an additional 3,148 shares during the period. Visa makes up about 1.2% of Roundview Capital LLC’s investment portfolio, making the stock its 17th largest holding. Roundview Capital LLC’s holdings in Visa were worth $19,583,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in V. Clayton Financial Group LLC lifted its holdings in shares of Visa by 446.2% during the 4th quarter. Clayton Financial Group LLC now owns 71 shares of the credit-card processor’s stock valued at $25,000 after buying an additional 58 shares during the period. PayPay Securities Corp lifted its holdings in shares of Visa by 102.7% during the 4th quarter. PayPay Securities Corp now owns 75 shares of the credit-card processor’s stock valued at $26,000 after buying an additional 38 shares during the period. Cresta Advisors Ltd. bought a new position in shares of Visa during the 4th quarter valued at $26,000. Parvin Asset Management LLC lifted its holdings in shares of Visa by 200.0% during the 3rd quarter. Parvin Asset Management LLC now owns 75 shares of the credit-card processor’s stock valued at $26,000 after buying an additional 50 shares during the period. Finally, Dorato Capital Management bought a new position in shares of Visa during the 4th quarter valued at $30,000. 82.15% of the stock is currently owned by hedge funds and other institutional investors.

Visa Price Performance

Shares of Visa stock opened at $327.17 on Wednesday. Visa Inc. has a one year low of $293.89 and a one year high of $375.51. The stock’s fifty day moving average is $313.63 and its 200 day moving average is $325.17. The stock has a market cap of $586.87 billion, a P/E ratio of 28.50, a P/E/G ratio of 1.76 and a beta of 0.78. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.09 and a current ratio of 1.09.

Visa (NYSE:V) last announced its earnings results on Tuesday, April 28th. The credit-card processor reported $3.31 EPS for the quarter, topping analysts’ consensus estimates of $3.10 by $0.21. Visa had a return on equity of 65.00% and a net margin of 51.68%.The company had revenue of $11.23 billion for the quarter, compared to analysts’ expectations of $10.75 billion. During the same period last year, the firm earned $2.76 EPS. Visa’s revenue for the quarter was up 17.1% compared to the same quarter last year. Sell-side analysts anticipate that Visa Inc. will post 13.09 earnings per share for the current year.

Visa Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, June 1st. Investors of record on Tuesday, May 12th will be issued a $0.67 dividend. This represents a $2.68 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date of this dividend is Tuesday, May 12th. Visa’s dividend payout ratio (DPR) is currently 23.34%.

Visa announced that its board has approved a share buyback plan on Tuesday, April 28th that allows the company to buyback $20.00 billion in outstanding shares. This buyback authorization allows the credit-card processor to purchase up to 3.6% of its shares through open market purchases. Shares buyback plans are typically an indication that the company’s leadership believes its shares are undervalued.

Analysts Set New Price Targets

V has been the topic of several research analyst reports. Morgan Stanley reissued an “overweight” rating and set a $415.00 price target on shares of Visa in a report on Wednesday, April 29th. Royal Bank Of Canada reissued an “outperform” rating and set a $395.00 price target on shares of Visa in a report on Friday, January 30th. Evercore set a $350.00 price target on Visa in a report on Wednesday, April 29th. BMO Capital Markets initiated coverage on Visa in a report on Tuesday, April 21st. They set an “outperform” rating and a $365.00 price target on the stock. Finally, UBS Group increased their price target on Visa from $390.00 to $410.00 and gave the company a “buy” rating in a report on Wednesday, April 29th. Six investment analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, Visa has an average rating of “Buy” and a consensus price target of $386.70.

Insider Buying and Selling

In related news, CEO Ryan Mcinerney sold 31,455 shares of the firm’s stock in a transaction on Wednesday, April 29th. The stock was sold at an average price of $340.14, for a total value of $10,699,103.70. Following the transaction, the chief executive officer directly owned 15,174 shares of the company’s stock, valued at approximately $5,161,284.36. This trade represents a 67.46% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Lloyd Carney sold 650 shares of the firm’s stock in a transaction dated Wednesday, March 11th. The shares were sold at an average price of $309.62, for a total value of $201,253.00. Following the sale, the director directly owned 2,679 shares in the company, valued at approximately $829,471.98. This represents a 19.53% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 42,744 shares of company stock valued at $14,356,010. 0.12% of the stock is owned by company insiders.

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.