Visa Inc. $V Shares Sold by Accuvest Global Advisors

Accuvest Global Advisors lessened its holdings in Visa Inc. (NYSE:V) by 44.1% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 7,085 shares of the credit-card processor’s stock after selling 5,582 shares during the period. Visa makes up approximately 1.5% of Accuvest Global Advisors’ portfolio, making the stock its 24th largest position. Accuvest Global Advisors’ holdings in Visa were worth $2,419,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Sagard Holdings Management Inc. acquired a new position in Visa in the second quarter valued at $31,000. Bare Financial Services Inc lifted its holdings in shares of Visa by 287.0% in the 2nd quarter. Bare Financial Services Inc now owns 89 shares of the credit-card processor’s stock valued at $32,000 after purchasing an additional 66 shares during the last quarter. Winnow Wealth LLC acquired a new stake in shares of Visa in the 2nd quarter valued at about $40,000. Decker Retirement Planning Inc. acquired a new position in Visa during the second quarter worth approximately $41,000. Finally, Moisand Fitzgerald Tamayo LLC lifted its stake in Visa by 344.8% in the third quarter. Moisand Fitzgerald Tamayo LLC now owns 129 shares of the credit-card processor’s stock valued at $44,000 after buying an additional 100 shares during the last quarter. Hedge funds and other institutional investors own 82.15% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on V shares. UBS Group restated a “buy” rating on shares of Visa in a research report on Tuesday, January 13th. Weiss Ratings reissued a “buy (b)” rating on shares of Visa in a research report on Wednesday, January 21st. Piper Sandler set a $160.00 price objective on shares of Visa in a research note on Wednesday, January 28th. Morgan Stanley reissued an “overweight” rating and set a $411.00 price target (up from $398.00) on shares of Visa in a report on Friday, January 30th. Finally, Truist Financial set a $372.00 price objective on Visa in a research note on Tuesday, February 10th. Seven analysts have rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of $391.43.

Visa Stock Performance

V stock opened at $320.76 on Tuesday. Visa Inc. has a 1 year low of $299.00 and a 1 year high of $375.51. The stock has a market capitalization of $582.24 billion, a price-to-earnings ratio of 30.09, a PEG ratio of 1.83 and a beta of 0.78. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.11 and a current ratio of 1.11. The stock’s fifty day moving average is $332.37 and its two-hundred day moving average is $337.92.

Visa (NYSE:V) last released 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. Visa had a net margin of 50.23% and a return on equity of 61.74%. The business had revenue of $10.90 billion during the quarter, compared to analyst estimates of $10.69 billion. During the same quarter in the prior year, the firm earned $2.75 earnings per share. The company’s quarterly revenue was up 14.6% on a year-over-year basis. On average, research analysts predict that Visa Inc. will post 11.3 EPS for the current year.

Visa Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 2nd. Investors of record on Tuesday, February 10th were 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 was Tuesday, February 10th. Visa’s dividend payout ratio is 25.14%.

Insider Activity at Visa

In other news, CEO Ryan Mcinerney sold 10,485 shares of the firm’s stock in a transaction on 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 directly 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 Securities & Exchange Commission, which is accessible through the SEC website. Company 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.