Visa Inc. (NYSE:V) Position Raised by North Star Investment Management Corp.

North Star Investment Management Corp. raised its stake in Visa Inc. (NYSE:V) by 15.1% during the first quarter, according to its most recent disclosure with the SEC. The fund owned 3,603 shares of the credit-card processor’s stock after buying an additional 473 shares during the quarter. North Star Investment Management Corp.’s holdings in Visa were worth $1,005,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Livelsberger Financial Advisory bought a new stake in Visa in the fourth quarter valued at $25,000. Westend Capital Management LLC acquired a new position in Visa during the first quarter worth about $25,000. O Brien Wealth Partners LLC acquired a new position in Visa during the fourth quarter worth about $32,000. Frank Rimerman Advisors LLC acquired a new position in Visa during the fourth quarter worth about $33,000. Finally, Valued Wealth Advisors LLC acquired a new position in Visa during the fourth quarter worth about $37,000. 82.15% of the stock is currently owned by institutional investors.

Insider Transactions at Visa

In other Visa news, insider Paul D. Fabara sold 25,293 shares of the company’s stock in a transaction that occurred on Wednesday, May 15th. The stock was sold at an average price of $277.15, for a total value of $7,009,954.95. Following the completion of the transaction, the insider now owns 17,894 shares of the company’s stock, valued at approximately $4,959,322.10. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other news, insider Paul D. Fabara sold 25,293 shares of the firm’s stock in a transaction dated Wednesday, May 15th. The shares were sold at an average price of $277.15, for a total transaction of $7,009,954.95. Following the completion of the transaction, the insider now directly owns 17,894 shares of the company’s stock, valued at approximately $4,959,322.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Lloyd Carney sold 909 shares of Visa stock in a transaction dated Friday, April 26th. The shares were sold at an average price of $275.55, for a total transaction of $250,474.95. Following the sale, the director now owns 2,591 shares in the company, valued at $713,950.05. The disclosure for this sale can be found here. Insiders own 0.19% of the company’s stock.

Visa Stock Performance

Shares of Visa stock traded up $1.37 on Friday, reaching $270.36. The stock had a trading volume of 7,944,249 shares, compared to its average volume of 6,828,042. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.40 and a current ratio of 1.40. The business’s 50-day moving average price is $273.33 and its two-hundred day moving average price is $273.62. The stock has a market cap of $494.47 billion, a P/E ratio of 30.16, a price-to-earnings-growth ratio of 1.84 and a beta of 0.95. Visa Inc. has a fifty-two week low of $227.68 and a fifty-two week high of $290.96.

Visa (NYSE:V) last posted its quarterly earnings data on Tuesday, April 23rd. The credit-card processor reported $2.51 EPS for the quarter, topping analysts’ consensus estimates of $2.43 by $0.08. Visa had a return on equity of 51.23% and a net margin of 53.87%. The business had revenue of $8.78 billion for the quarter, compared to analyst estimates of $8.62 billion. During the same period in the previous year, the company posted $2.09 earnings per share. The firm’s revenue for the quarter was up 9.9% on a year-over-year basis. On average, sell-side analysts forecast that Visa Inc. will post 9.94 EPS for the current year.

Visa Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 3rd. Stockholders of record on Friday, May 17th were issued a dividend of $0.52 per share. The ex-dividend date was Thursday, May 16th. This represents a $2.08 annualized dividend and a dividend yield of 0.77%. Visa’s payout ratio is 23.24%.

Analysts Set New Price Targets

A number of research analysts recently issued reports on V shares. Mizuho lifted their target price on Visa from $265.00 to $275.00 and gave the stock a “neutral” rating in a report on Thursday, May 2nd. Robert W. Baird increased their price target on Visa from $314.00 to $320.00 and gave the company an “outperform” rating in a research report on Wednesday, April 17th. Piper Sandler started coverage on Visa in a research report on Monday, May 13th. They issued an “overweight” rating and a $322.00 price target for the company. UBS Group increased their price target on Visa from $315.00 to $325.00 and gave the company a “buy” rating in a research report on Wednesday, April 24th. Finally, Redburn Atlantic reiterated a “neutral” rating and issued a $307.00 price target on shares of Visa in a research report on Wednesday, March 27th. Five research analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target 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.