Andra AP fonden Boosts Holdings in Visa Inc. $V

Andra AP fonden raised its stake in Visa Inc. (NYSE:V) by 109.4% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 172,441 shares of the credit-card processor’s stock after acquiring an additional 90,100 shares during the period. Visa makes up 0.8% of Andra AP fonden’s portfolio, making the stock its 17th largest holding. Andra AP fonden’s holdings in Visa were worth $58,868,000 as of its most recent filing with the SEC.

Several other large investors also recently bought and sold shares of the business. Hikari Tsushin Inc. lifted its stake in shares of Visa by 1.0% in the 3rd quarter. Hikari Tsushin Inc. now owns 102,555 shares of the credit-card processor’s stock valued at $35,010,000 after purchasing an additional 1,000 shares during the last quarter. Whalerock Point Partners LLC lifted its holdings in shares of Visa by 0.4% in the 3rd quarter. Whalerock Point Partners LLC now owns 52,229 shares of the credit-card processor’s stock worth $17,830,000 after buying an additional 191 shares during the period. IAG Wealth Partners LLC increased its position in Visa by 25.0% during the 3rd quarter. IAG Wealth Partners LLC now owns 495 shares of the credit-card processor’s stock valued at $169,000 after purchasing an additional 99 shares during the period. Mill Creek Capital Advisors LLC lifted its holdings in Visa by 3.0% during the third quarter. Mill Creek Capital Advisors LLC now owns 9,188 shares of the credit-card processor’s stock worth $3,137,000 after buying an additional 270 shares during the period. Finally, Lansing Street Advisors grew its stake in Visa by 18.1% in the third quarter. Lansing Street Advisors now owns 887 shares of the credit-card processor’s stock valued at $303,000 after purchasing an additional 136 shares during the last quarter. Institutional investors own 82.15% of the company’s stock.

Insider Transactions at Visa

In other Visa news, CEO Ryan Mcinerney sold 10,485 shares of the firm’s stock in a transaction dated Friday, January 2nd. The stock was sold at an average price of $349.18, for a total transaction of $3,661,152.30. Following the transaction, the chief executive officer owned 9,401 shares of the company’s stock, valued at approximately $3,282,641.18. This trade represents a 52.73% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.12% of the stock is owned by corporate insiders.

Visa Trading Up 1.2%

V opened at $316.65 on Friday. The business has a fifty day moving average price of $333.60 and a 200 day moving average price of $338.23. The stock has a market capitalization of $574.77 billion, a price-to-earnings ratio of 29.70, a PEG ratio of 1.79 and a beta of 0.79. Visa Inc. has a 12 month low of $299.00 and a 12 month high of $375.51. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.11 and a quick ratio of 1.11.

Visa (NYSE:V) last posted its quarterly earnings results on Thursday, January 29th. The credit-card processor reported $3.17 EPS for the quarter, topping the consensus estimate of $3.14 by $0.03. The company had revenue of $10.90 billion during the quarter, compared to analysts’ expectations of $10.69 billion. Visa had a net margin of 50.23% and a return on equity of 61.74%. The firm’s revenue was up 14.6% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.75 EPS. Sell-side analysts expect that Visa Inc. will post 11.3 earnings per share for the current fiscal year.

Visa Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 2nd. Shareholders 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 yield of 0.8%. Visa’s dividend payout ratio (DPR) is presently 25.14%.

Wall Street Analyst Weigh In

V has been the topic of several research analyst reports. Piper Sandler set a $160.00 target price on Visa in a research note on Wednesday, January 28th. TD Cowen restated a “buy” rating on shares of Visa in a research note on Friday, January 30th. Daiwa Securities Group raised shares of Visa from a “neutral” rating to an “outperform” rating and set a $370.00 target price on the stock in a research note on Monday, February 2nd. Evercore set a $380.00 target price on shares of Visa in a research report on Friday, December 12th. Finally, Cantor Fitzgerald raised shares of Visa to a “strong-buy” rating in a report on Tuesday, January 27th. Seven analysts have rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, Visa currently has a consensus rating of “Buy” and a consensus target price of $391.43.

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.