Monograph Wealth Advisors LLC Purchases 1,440 Shares of Visa Inc. $V

Monograph Wealth Advisors LLC lifted its position in Visa Inc. (NYSE:V) by 228.6% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,070 shares of the credit-card processor’s stock after buying an additional 1,440 shares during the quarter. Monograph Wealth Advisors LLC’s holdings in Visa were worth $626,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of V. Invariant Investment Management bought a new stake in shares of Visa during the fourth quarter valued at approximately $969,000. Nixon Peabody Trust Co. raised its stake in shares of Visa by 58.1% in 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 purchasing an additional 1,543 shares in the last quarter. Vanguard Group Inc. lifted its position in Visa by 0.7% in the fourth quarter. Vanguard Group Inc. now owns 160,975,832 shares of the credit-card processor’s stock worth $56,455,834,000 after purchasing an additional 1,054,343 shares during the period. Savvy Advisors Inc. boosted its stake in Visa by 30.1% during the fourth quarter. Savvy Advisors Inc. now owns 28,922 shares of the credit-card processor’s stock worth $10,143,000 after buying an additional 6,688 shares in the last quarter. Finally, Wealth Enhancement Trust Services Inc. acquired a new stake in Visa during the fourth quarter worth $15,966,000. 82.15% of the stock is owned by institutional investors.

Visa Stock Performance

Visa stock opened at $353.10 on Thursday. The firm has a market capitalization of $633.38 billion, a P/E ratio of 30.76, a P/E/G ratio of 1.89 and a beta of 0.75. The stock has a fifty day moving average price of $336.39 and a two-hundred day moving average price of $325.10. Visa Inc. has a 52-week low of $293.89 and a 52-week high of $365.14. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.09 and a quick ratio of 1.09.

Visa (NYSE:V) last issued its earnings results on Tuesday, April 28th. The credit-card processor reported $3.31 EPS for the quarter, beating the consensus estimate of $3.10 by $0.21. Visa had a net margin of 51.68% and a return on equity of 65.00%. The company had revenue of $11.23 billion for the quarter, compared to the consensus estimate of $10.75 billion. During the same quarter in the previous year, the company earned $2.76 EPS. The firm’s revenue for the quarter was up 17.1% compared to the same quarter last year. As a group, analysts anticipate that Visa Inc. will post 13.13 EPS for the current fiscal year.

Visa Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 1st. Shareholders of record on Tuesday, May 12th were given a $0.67 dividend. The ex-dividend date was Tuesday, May 12th. This represents a $2.68 dividend on an annualized basis and a yield of 0.8%. Visa’s payout ratio is 23.34%.

Visa declared that its board has approved a share repurchase program on Tuesday, April 28th that allows the company to repurchase $20.00 billion in outstanding shares. This repurchase authorization allows the credit-card processor to buy up to 3.6% of its shares through open market purchases. Shares repurchase programs are usually an indication that the company’s board believes its shares are undervalued.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on V shares. Morgan Stanley restated an “overweight” rating and issued a $415.00 price objective on shares of Visa in a research note on Wednesday, April 29th. Piper Sandler assumed coverage on shares of Visa in a research note on Monday, June 29th. They issued an “overweight” rating and a $394.00 target price on the stock. Weiss Ratings raised shares of Visa from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, July 6th. Clear Str upgraded shares of Visa to a “strong-buy” rating in a research note on Thursday, July 16th. Finally, Sanford C. Bernstein reaffirmed an “outperform” rating and set a $450.00 price objective on shares of Visa in a report on Tuesday, June 2nd. Eight research analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, Visa currently has an average rating of “Buy” and an average price target of $398.36.

Insiders Place Their Bets

In other news, General Counsel Julie B. Rottenberg sold 2,027 shares of Visa stock in a transaction that occurred on Thursday, July 2nd. The shares were sold at an average price of $360.00, for a total value of $729,720.00. Following the completion of the transaction, the general counsel owned 18,404 shares in the company, valued at approximately $6,625,440. The trade was a 9.92% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Ryan Mcinerney sold 10,490 shares of the business’s stock in a transaction that occurred on Wednesday, July 1st. The stock was sold at an average price of $343.99, for a total value of $3,608,455.10. Following the completion of the transaction, the chief executive officer directly owned 15,174 shares in the company, valued at $5,219,704.26. The trade was a 40.87% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders have sold 75,581 shares of company stock valued at $25,627,975. 0.12% of the stock is currently owned by insiders.

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.