Realta Investment Advisors Buys 884 Shares of Visa Inc. (NYSE:V)

Realta Investment Advisors increased its position in shares of Visa Inc. (NYSE:V) by 49.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,675 shares of the credit-card processor’s stock after acquiring an additional 884 shares during the quarter. Realta Investment Advisors’ holdings in Visa were worth $843,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the company. Decker Retirement Planning Inc. acquired a new stake in shares of Visa during the fourth quarter worth $26,000. Peterson Financial Group Inc. bought a new position in Visa during the 3rd quarter worth about $26,000. Modus Advisors LLC acquired a new stake in shares of Visa in the 4th quarter valued at about $32,000. Reston Wealth Management LLC bought a new stake in shares of Visa in the third quarter valued at about $31,000. Finally, Sugar Maple Asset Management LLC acquired a new position in shares of Visa during the fourth quarter worth about $44,000. Institutional investors and hedge funds own 82.15% of the company’s stock.

Insider Activity at Visa

In related news, insider Tullier Kelly Mahon sold 33,741 shares of the firm’s stock in a transaction on Friday, February 7th. The stock was sold at an average price of $349.77, for a total transaction of $11,801,589.57. Following the sale, the insider now owns 36,566 shares of the company’s stock, valued at $12,789,689.82. This trade represents a 47.99 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CAO Peter M. Andreski sold 2,332 shares of the company’s stock in a transaction dated Friday, February 7th. The stock was sold at an average price of $349.62, for a total value of $815,313.84. Following the completion of the transaction, the chief accounting officer now directly owns 4,488 shares of the company’s stock, valued at approximately $1,569,094.56. The trade was a 34.19 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 58,056 shares of company stock valued at $19,830,050 over the last three months. 0.13% of the stock is owned by insiders.

Visa Price Performance

Shares of NYSE V opened at $348.26 on Monday. The stock has a market capitalization of $647.00 billion, a PE ratio of 35.11, a P/E/G ratio of 2.32 and a beta of 0.97. Visa Inc. has a fifty-two week low of $252.70 and a fifty-two week high of $351.25. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.12 and a quick ratio of 1.28. The business has a fifty day moving average price of $321.08 and a two-hundred day moving average price of $295.90.

Visa (NYSE:V) last posted its quarterly earnings data on Thursday, January 30th. The credit-card processor reported $2.75 earnings per share for the quarter, topping the consensus estimate of $2.66 by $0.09. Visa had a net margin of 54.27% and a return on equity of 54.79%. As a group, equities analysts predict that Visa Inc. will post 11.27 earnings per share for the current fiscal year.

Visa Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 3rd. Investors of record on Tuesday, February 11th will be given a dividend of $0.59 per share. The ex-dividend date is Tuesday, February 11th. This represents a $2.36 annualized dividend and a dividend yield of 0.68%. Visa’s dividend payout ratio is 23.79%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on V shares. TD Cowen lifted their target price on Visa from $318.00 to $325.00 and gave the company a “buy” rating in a research report on Wednesday, October 30th. Jefferies Financial Group boosted their price target on shares of Visa from $320.00 to $330.00 and gave the stock a “buy” rating in a research report on Wednesday, October 30th. Piper Sandler restated an “overweight” rating and issued a $383.00 price objective (up previously from $368.00) on shares of Visa in a report on Friday, January 31st. Morgan Stanley upped their target price on Visa from $326.00 to $371.00 and gave the stock an “overweight” rating in a report on Wednesday, December 18th. Finally, Raymond James restated an “outperform” rating and issued a $393.00 price target (up from $374.00) on shares of Visa in a research note on Friday, January 31st. Four research analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Visa has an average rating of “Moderate Buy” and a consensus price target of $354.73.

Visa 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.