111 Capital Makes New $3.98 Million Investment in Visa Inc. $V

111 Capital acquired a new stake in shares of Visa Inc. (NYSE:V) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 11,664 shares of the credit-card processor’s stock, valued at approximately $3,982,000. Visa accounts for 0.8% of 111 Capital’s investment portfolio, making the stock its 17th largest holding.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Sagard Holdings Management Inc. purchased a new position in Visa during the second quarter worth $31,000. Bare Financial Services Inc raised its stake in shares of Visa by 287.0% in the second quarter. Bare Financial Services Inc now owns 89 shares of the credit-card processor’s stock valued at $32,000 after acquiring an additional 66 shares during the period. Winnow Wealth LLC bought a new stake in shares of Visa in the 2nd quarter worth about $40,000. Decker Retirement Planning Inc. purchased a new position in shares of Visa during the 2nd quarter worth about $41,000. Finally, Moisand Fitzgerald Tamayo LLC grew its holdings in Visa by 344.8% during the 3rd quarter. Moisand Fitzgerald Tamayo LLC now owns 129 shares of the credit-card processor’s stock valued at $44,000 after purchasing an additional 100 shares during the last quarter. Hedge funds and other institutional investors own 82.15% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have issued reports on V shares. Freedom Capital raised shares of Visa from a “hold” rating to a “strong-buy” rating in a research note on Monday, February 16th. Rothschild & Co Redburn set a $385.00 price target on Visa in a report on Wednesday, January 28th. Piper Sandler set a $160.00 price target on Visa in a research note on Wednesday, January 28th. UBS Group reaffirmed a “buy” rating on shares of Visa in a research report on Tuesday, January 13th. Finally, Bank of America upgraded Visa from a “neutral” rating to a “buy” rating and set a $382.00 target price on the stock in a research note on Thursday, December 11th. Seven analysts have rated the stock with a Strong Buy rating, twenty have issued a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Buy” and an average target price of $391.43.

Visa Trading Up 0.7%

V opened at $319.07 on Monday. 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 stock’s fifty day moving average is $333.00 and its two-hundred day moving average is $338.09. The company has a market capitalization of $579.17 billion, a P/E ratio of 29.93, a PEG ratio of 1.83 and a beta of 0.78. Visa Inc. has a 52 week low of $299.00 and a 52 week high of $375.51.

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

Visa Announces Dividend

The firm also recently announced 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. This represents a $2.68 annualized dividend and a yield of 0.8%. The ex-dividend date is Tuesday, February 10th. Visa’s dividend payout ratio is presently 25.14%.

Insider Buying and Selling

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

About Visa

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.