Evolution Advisers Inc. Acquires 71 Shares of Visa Inc. (NYSE:V)

Evolution Advisers Inc. lifted its holdings in shares of Visa Inc. (NYSE:V) by 22.9% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 381 shares of the credit-card processor’s stock after acquiring an additional 71 shares during the period. Evolution Advisers Inc.’s holdings in Visa were worth $99,000 as of its most recent filing with the SEC.

Other institutional investors have also recently added to or reduced their stakes in the company. Investment Advisory Services Inc. TX ADV lifted its holdings in Visa by 2.0% during the 3rd quarter. Investment Advisory Services Inc. TX ADV now owns 3,930 shares of the credit-card processor’s stock valued at $904,000 after purchasing an additional 78 shares during the last quarter. Nadler Financial Group Inc. raised its stake in shares of Visa by 2.4% in the fourth quarter. Nadler Financial Group Inc. now owns 1,900 shares of the credit-card processor’s stock worth $495,000 after acquiring an additional 44 shares during the last quarter. Towerpoint Wealth LLC bought a new position in shares of Visa in the fourth quarter worth about $216,000. Andrew Hill Investment Advisors Inc. bought a new position in shares of Visa in the fourth quarter worth about $3,427,000. Finally, Wayfinding Financial LLC raised its stake in shares of Visa by 10.1% in the third quarter. Wayfinding Financial LLC now owns 1,757 shares of the credit-card processor’s stock worth $406,000 after acquiring an additional 161 shares during the last quarter. 82.15% of the stock is owned by institutional investors.

Visa Stock Down 0.2 %

V traded down $0.58 during trading on Friday, reaching $274.58. The company had a trading volume of 6,840,359 shares, compared to its average volume of 5,951,953. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.40 and a quick ratio of 1.45. Visa Inc. has a 12 month low of $216.14 and a 12 month high of $290.96. The business’s fifty day moving average price is $279.32 and its 200 day moving average price is $264.05. The company has a market cap of $504.27 billion, a P/E ratio of 30.67, a PEG ratio of 1.90 and a beta of 0.96.

Visa (NYSE:V) last announced its quarterly earnings results on Tuesday, April 23rd. The credit-card processor reported $2.51 earnings per share for the quarter, beating analysts’ consensus estimates of $2.43 by $0.08. Visa had a net margin of 53.87% and a return on equity of 51.23%. The firm had revenue of $8.78 billion for the quarter, compared to analyst estimates of $8.62 billion. During the same quarter in the previous year, the firm posted $2.09 earnings per share. The business’s revenue was up 9.9% on a year-over-year basis. Equities analysts anticipate that Visa Inc. will post 9.89 EPS for the current year.

Visa Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, June 3rd. Shareholders of record on Friday, May 17th will be paid a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a yield of 0.76%. The ex-dividend date is Thursday, May 16th. Visa’s payout ratio is currently 23.24%.

Insider Buying and Selling at Visa

In other news, CEO Ryan Mcinerney sold 8,150 shares of the business’s stock in a transaction on Thursday, February 1st. The shares were sold at an average price of $273.39, for a total value of $2,228,128.50. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In other Visa news, CAO Peter M. Andreski sold 2,615 shares of the company’s stock in a transaction on Wednesday, February 7th. The shares were sold at an average price of $278.88, for a total transaction of $729,271.20. Following the sale, the chief accounting officer now directly owns 4,898 shares of the company’s stock, valued at $1,365,954.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Ryan Mcinerney sold 8,150 shares of the company’s stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $273.39, for a total transaction of $2,228,128.50. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 18,965 shares of company stock valued at $5,256,352. 0.19% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

V has been the subject of a number of research analyst reports. Mizuho reaffirmed a “neutral” rating and issued a $265.00 target price on shares of Visa in a research note on Wednesday, March 27th. William Blair reaffirmed an “outperform” rating on shares of Visa in a research note on Wednesday. KeyCorp lifted their price target on shares of Visa from $275.00 to $300.00 and gave the stock an “overweight” rating in a research report on Monday, January 8th. Oppenheimer lifted their price target on shares of Visa from $297.00 to $299.00 and gave the stock an “outperform” rating in a research report on Wednesday. Finally, Susquehanna lifted their price target on shares of Visa from $300.00 to $326.00 and gave the stock a “positive” rating in a research report on Friday, January 26th. Five investment analysts have rated the stock with a hold rating and twenty have given a buy rating to the stock. According to data from MarketBeat, Visa has an average rating of “Moderate Buy” and a consensus price target of $302.58.

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.