DUTCH ASSET Corp Buys 2,217 Shares of Visa Inc. $V

DUTCH ASSET Corp lifted its stake in Visa Inc. (NYSE:V) by 28.1% in the first quarter, Holdings Channel.com reports. The firm owned 10,095 shares of the credit-card processor’s stock after buying an additional 2,217 shares during the period. Visa comprises about 2.0% of DUTCH ASSET Corp’s holdings, making the stock its 15th biggest position. DUTCH ASSET Corp’s holdings in Visa were worth $3,051,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Invariant Investment Management bought a new position in Visa during the 4th quarter valued at about $969,000. Nixon Peabody Trust Co. lifted its stake in Visa by 58.1% in the first quarter. Nixon Peabody Trust Co. now owns 4,201 shares of the credit-card processor’s stock worth $1,270,000 after purchasing an additional 1,543 shares during the last quarter. Vanguard Group Inc. lifted its stake 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 last quarter. Savvy Advisors Inc. boosted its position in shares of Visa by 30.1% during the fourth quarter. Savvy Advisors Inc. now owns 28,922 shares of the credit-card processor’s stock valued at $10,143,000 after buying an additional 6,688 shares during the period. Finally, Wealth Enhancement Trust Services Inc. purchased a new position in shares of Visa during the fourth quarter valued at approximately $15,966,000. Institutional investors own 82.15% of the company’s stock.

Visa Price Performance

Shares of V stock opened at $361.25 on Tuesday. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.09 and a quick ratio of 1.09. The company has a market capitalization of $648.00 billion, a P/E ratio of 31.47, a P/E/G ratio of 1.91 and a beta of 0.75. The company’s 50-day simple moving average is $335.15 and its two-hundred day simple moving average is $325.05. Visa Inc. has a one year low of $293.89 and a one year high of $365.14.

Visa (NYSE:V) last issued 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 net margin of 51.68% and a return on equity of 65.00%. The business had revenue of $11.23 billion for the quarter, compared to analyst estimates of $10.75 billion. During the same period last year, the company posted $2.76 earnings per share. The company’s quarterly revenue was up 17.1% compared to the same quarter last year. As a group, equities analysts anticipate that Visa Inc. will post 13.11 EPS for the current year.

Visa declared that its Board of Directors has initiated a stock buyback program 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 repurchase up to 3.6% of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s board of directors believes its shares are undervalued.

Visa Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 1st. Shareholders of record on Tuesday, May 12th were issued a dividend of $0.67 per share. This represents a $2.68 annualized dividend and a yield of 0.7%. The ex-dividend date was Tuesday, May 12th. Visa’s dividend payout ratio (DPR) is presently 23.34%.

Insider Buying and Selling at Visa

In other news, CFO Chris Suh sold 10,639 shares of the stock in a transaction on Tuesday, May 12th. The stock was sold at an average price of $324.81, for a total transaction of $3,455,653.59. Following the transaction, the chief financial officer owned 9,872 shares of the company’s stock, valued at approximately $3,206,524.32. This represents a 51.87% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Ryan Mcinerney sold 10,490 shares of the firm’s stock in a transaction on Wednesday, July 1st. The shares were sold at an average price of $343.99, for a total value of $3,608,455.10. Following the transaction, the chief executive officer owned 15,174 shares in the company, valued at approximately $5,219,704.26. This represents a 40.87% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 75,581 shares of company stock valued at $25,627,975 in the last ninety days. Corporate insiders own 0.12% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on V shares. Truist Financial set a $371.00 target price on Visa and gave the company a “buy” rating in a research note on Tuesday, May 12th. Citigroup decreased their price target on Visa from $450.00 to $400.00 and set a “buy” rating for the company in a research note on Tuesday, April 14th. Loop Capital began coverage on Visa in a report on Tuesday, March 31st. They set a “buy” rating and a $387.00 price objective for the company. Robert W. Baird set a $412.00 price objective on Visa and gave the company an “outperform” rating in a research report on Monday, July 6th. Finally, Barclays began coverage on Visa in a research note on Tuesday, July 7th. They issued an “overweight” rating and a $420.00 target price on the stock. Seven equities research analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Buy” and an average price target of $398.36.

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.