DB Fitzpatrick & Co Inc Makes New $1.50 Million Investment in Visa Inc. $V

DB Fitzpatrick & Co Inc purchased a new position in shares of Visa Inc. (NYSE:VFree Report) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 4,287 shares of the credit-card processor’s stock, valued at approximately $1,503,000. Visa makes up about 1.3% of DB Fitzpatrick & Co Inc’s investment portfolio, making the stock its 17th largest position.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. Parvin Asset Management LLC raised its stake in Visa by 200.0% in the third 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 last quarter. Sagard Holdings Management Inc. purchased a new stake in shares of Visa during the second quarter worth about $31,000. Imprint Wealth LLC purchased a new stake in shares of Visa during the third quarter worth about $39,000. Strategic Advocates LLC acquired a new position in shares of Visa during the third quarter valued at about $43,000. Finally, Moisand Fitzgerald Tamayo LLC increased its holdings in shares of Visa by 344.8% during the third quarter. Moisand Fitzgerald Tamayo LLC now owns 129 shares of the credit-card processor’s stock valued at $44,000 after acquiring an additional 100 shares in the last quarter. Hedge funds and other institutional investors own 82.15% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently commented on V shares. Evercore set a $380.00 target price on shares of Visa in a research note on Friday, December 12th. Daiwa Securities Group upgraded shares of Visa from a “neutral” rating to an “outperform” rating and set a $370.00 price target on the stock in a research note on Monday, February 2nd. Cantor Fitzgerald raised shares of Visa to a “strong-buy” rating in a report on Tuesday, January 27th. Piper Sandler set a $160.00 price objective on shares of Visa in a research note on Wednesday, January 28th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Visa in a report on Wednesday, January 21st. Seven equities research analysts have rated the stock with a Strong Buy rating, twenty have given a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Buy” and an average price target of $390.96.

View Our Latest Analysis on Visa

Visa News Roundup

Here are the key news stories impacting Visa this week:

Visa Price Performance

Shares of NYSE V opened at $300.88 on Friday. Visa Inc. has a 52 week low of $293.89 and a 52 week high of $375.51. The business’s 50 day moving average price is $315.58 and its 200 day moving average price is $331.79. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.51. The firm has a market cap of $546.14 billion, a P/E ratio of 28.22, a P/E/G ratio of 1.71 and a beta of 0.80.

Visa (NYSE:VGet Free Report) last posted its quarterly earnings results on Thursday, January 29th. The credit-card processor reported $3.17 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.14 by $0.03. The company had revenue of $10.90 billion during the quarter, compared to analyst estimates of $10.69 billion. Visa had a net margin of 50.23% and a return on equity of 61.74%. Visa’s revenue for the quarter was up 14.6% compared to the same quarter last year. During the same period last year, the firm posted $2.75 EPS. On average, sell-side analysts expect that Visa Inc. will post 11.3 earnings per share for the current year.

Visa Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, March 2nd. Investors of record on Tuesday, February 10th were issued a dividend of $0.67 per share. This represents a $2.68 annualized dividend and a dividend yield of 0.9%. The ex-dividend date of this dividend was Tuesday, February 10th. Visa’s dividend payout ratio (DPR) is 25.14%.

Insider Transactions at Visa

In related news, Director Lloyd Carney sold 650 shares of the business’s stock in a transaction on Wednesday, March 11th. The shares were sold at an average price of $309.62, for a total transaction of $201,253.00. Following the completion of the transaction, the director directly owned 2,679 shares in the company, valued at $829,471.98. The trade was a 19.53% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.12% of the stock is owned by corporate insiders.

Visa Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Visa (NYSE:V)

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