Visa Inc. (NYSE:V) Shares Purchased by Bennett Selby Investments LP

Bennett Selby Investments LP raised its stake in shares of Visa Inc. (NYSE:V) by 0.4% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 54,774 shares of the credit-card processor’s stock after buying an additional 227 shares during the quarter. Visa comprises about 6.9% of Bennett Selby Investments LP’s investment portfolio, making the stock its 5th biggest position. Bennett Selby Investments LP’s holdings in Visa were worth $17,311,000 as of its most recent filing with the SEC.

Several other hedge funds also recently bought and sold shares of the stock. Peterson Financial Group Inc. acquired a new stake in Visa during the third quarter worth approximately $26,000. Decker Retirement Planning Inc. purchased a new position in shares of Visa during the 4th quarter worth $26,000. Reston Wealth Management LLC acquired a new stake in shares of Visa during the third quarter worth $31,000. Modus Advisors LLC purchased a new stake in shares of Visa in the fourth quarter valued at $32,000. Finally, West Financial Advisors LLC increased its stake in Visa by 101.4% in the third quarter. West Financial Advisors LLC now owns 145 shares of the credit-card processor’s stock valued at $40,000 after purchasing an additional 73 shares during the last quarter. Hedge funds and other institutional investors own 82.15% of the company’s stock.

Visa Stock Up 0.6 %

Shares of NYSE V opened at $330.20 on Monday. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.28 and a current ratio of 1.28. Visa Inc. has a 1 year low of $252.70 and a 1 year high of $331.09. The stock’s 50-day simple moving average is $314.95 and its 200-day simple moving average is $290.59. The firm has a market cap of $615.11 billion, a price-to-earnings ratio of 33.94, a PEG ratio of 2.17 and a beta of 0.96.

Visa (NYSE:V) last posted its quarterly earnings data on Tuesday, October 29th. The credit-card processor reported $2.71 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.58 by $0.13. The company had revenue of $9.62 billion for the quarter, compared to the consensus estimate of $9.49 billion. Visa had a return on equity of 53.16% and a net margin of 54.96%. Visa’s revenue for the quarter was up 11.7% compared to the same quarter last year. During the same period in the previous year, the business earned $2.33 EPS. As a group, equities analysts anticipate that Visa Inc. will post 11.19 earnings per share for the current fiscal year.

Visa Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 2nd. Shareholders of record on Tuesday, November 12th were paid a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a yield of 0.71%. This is an increase from Visa’s previous quarterly dividend of $0.52. The ex-dividend date was Tuesday, November 12th. Visa’s dividend payout ratio is 24.25%.

Insiders Place Their Bets

In other Visa news, insider Paul D. Fabara sold 2,171 shares of the stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $307.97, for a total transaction of $668,602.87. Following the transaction, the insider now owns 17,894 shares of the company’s stock, valued at $5,510,815.18. This trade represents a 10.82 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Ryan Mcinerney sold 8,620 shares of the business’s stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $317.78, for a total value of $2,739,263.60. The disclosure for this sale can be found here. 0.13% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on V. Piper Sandler raised their price target on Visa from $322.00 to $368.00 and gave the stock an “overweight” rating in a research note on Friday. Royal Bank of Canada boosted their target price on shares of Visa from $311.00 to $322.00 and gave the company an “outperform” rating in a report on Wednesday, October 30th. Barclays upped their price target on shares of Visa from $319.00 to $347.00 and gave the stock an “overweight” rating in a research report on Monday, November 4th. Bank of America lifted their price target on shares of Visa from $314.00 to $331.00 and gave the company a “neutral” rating in a report on Wednesday, January 22nd. Finally, Mizuho upped their price objective on Visa from $279.00 to $292.00 and gave the stock a “neutral” rating in a report on Friday, November 1st. Four analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $335.52.

Visa Company Profile

Visa Inc operates as a payment technology company in the United States and internationally. The company operates VisaNet, a transaction processing network that enables authorization, clearing, and settlement of payment transactions. It also offers credit, debit, and prepaid card products; tap to pay, tokenization, and click to pay services; Visa Direct, a solution that facilitates the delivery of funds to eligible cards, deposit accounts, and digital wallets; Visa B2B Connect, a multilateral business-to-business cross-border payments network; Visa Cross-Border Solution, a cross-border consumer payments solution; and Visa DPS that provides a range of value-added services, including fraud mitigation, dispute management, data analytics, campaign management, a suite of digital solutions, and contact center services.