Optas LLC Purchases 112 Shares of Visa Inc. (NYSE:V)

Optas LLC lifted its position in shares of Visa Inc. (NYSE:V) by 2.2% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 5,119 shares of the credit-card processor’s stock after acquiring an additional 112 shares during the quarter. Optas LLC’s holdings in Visa were worth $1,429,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Westend Capital Management LLC purchased a new stake in shares of Visa in the 1st quarter valued at about $25,000. Livelsberger Financial Advisory purchased a new stake in shares of Visa in the 4th quarter valued at about $25,000. O Brien Wealth Partners LLC purchased a new stake in shares of Visa in the 4th quarter valued at about $32,000. Frank Rimerman Advisors LLC purchased a new stake in shares of Visa in the 4th quarter valued at about $33,000. Finally, Valued Wealth Advisors LLC purchased a new stake in shares of Visa in the 4th quarter valued at about $37,000. Institutional investors own 82.15% of the company’s stock.

Insider Buying and Selling at Visa

In other news, CEO Ryan Mcinerney sold 8,200 shares of the business’s stock in a transaction on Monday, April 1st. The stock was sold at an average price of $280.36, for a total value of $2,298,952.00. Following the completion of the transaction, the chief executive officer now owns 538 shares in the company, valued at $150,833.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Visa news, insider Paul D. Fabara sold 25,293 shares of the business’s stock in a transaction dated Wednesday, May 15th. The stock was sold at an average price of $277.15, for a total transaction of $7,009,954.95. Following the completion of the sale, the insider now owns 17,894 shares of the company’s stock, valued at $4,959,322.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Ryan Mcinerney sold 8,200 shares of the company’s stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $280.36, for a total value of $2,298,952.00. Following the completion of the transaction, the chief executive officer now directly owns 538 shares of the company’s stock, valued at approximately $150,833.68. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 34,402 shares of company stock worth $9,559,382. 0.19% of the stock is owned by insiders.

Visa Stock Down 1.5 %

Shares of NYSE V traded down $4.12 during mid-day trading on Friday, hitting $262.47. 13,957,270 shares of the stock traded hands, compared to its average volume of 8,762,266. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.40 and a current ratio of 1.40. Visa Inc. has a 52 week low of $227.68 and a 52 week high of $290.96. The company has a market cap of $480.04 billion, a price-to-earnings ratio of 29.33, a PEG ratio of 1.80 and a beta of 0.97. The stock has a fifty day moving average price of $273.88 and a 200-day moving average price of $273.58.

Visa (NYSE:V) last announced its quarterly earnings data on Tuesday, April 23rd. The credit-card processor reported $2.51 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.43 by $0.08. The business had revenue of $8.78 billion during the quarter, compared to analysts’ expectations of $8.62 billion. Visa had a return on equity of 51.23% and a net margin of 53.87%. The firm’s quarterly revenue was up 9.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.09 earnings per share. Research analysts anticipate that Visa Inc. will post 9.94 EPS for the current year.

Visa Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 3rd. Shareholders of record on Friday, May 17th were paid a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a yield of 0.79%. The ex-dividend date of this dividend was Thursday, May 16th. Visa’s payout ratio is 23.24%.

Analyst Ratings Changes

V has been the topic of a number of research reports. Evercore ISI decreased their price objective on Visa from $335.00 to $330.00 and set an “outperform” rating on the stock in a report on Tuesday, June 25th. Citigroup raised their price objective on Visa from $314.00 to $321.00 and gave the company a “buy” rating in a report on Wednesday, April 24th. Redburn Atlantic reaffirmed a “neutral” rating and issued a $307.00 price target on shares of Visa in a research note on Wednesday, March 27th. Macquarie lifted their price target on Visa from $290.00 to $300.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 24th. Finally, William Blair reaffirmed an “outperform” rating on shares of Visa in a research note on Wednesday, April 24th. Five research analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the stock. According to MarketBeat.com, Visa has an average rating of “Moderate Buy” and an average target price of $303.56.

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.