Noesis Capital Mangement Corp Has $8.07 Million Stock Position in Visa Inc. (NYSE:V)

Noesis Capital Mangement Corp lowered its position in shares of Visa Inc. (NYSE:V) by 2.4% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 28,915 shares of the credit-card processor’s stock after selling 722 shares during the quarter. Visa makes up approximately 1.8% of Noesis Capital Mangement Corp’s holdings, making the stock its 25th biggest holding. Noesis Capital Mangement Corp’s holdings in Visa were worth $8,070,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. GUNN & Co INVESTMENT MANAGEMENT INC. bought a new stake in Visa during the 3rd quarter worth about $2,951,000. Invst LLC boosted its stake in shares of Visa by 2.1% in the 3rd quarter. Invst LLC now owns 3,649 shares of the credit-card processor’s stock valued at $839,000 after purchasing an additional 75 shares during the last quarter. Quantum Financial Advisors LLC boosted its stake in shares of Visa by 63.0% in the 3rd quarter. Quantum Financial Advisors LLC now owns 4,499 shares of the credit-card processor’s stock valued at $1,035,000 after purchasing an additional 1,739 shares during the last quarter. Modera Wealth Management LLC raised its position in shares of Visa by 1.5% in the 3rd quarter. Modera Wealth Management LLC now owns 134,265 shares of the credit-card processor’s stock valued at $30,882,000 after acquiring an additional 2,004 shares during the period. Finally, Scarborough Advisors LLC acquired a new stake in shares of Visa in the 3rd quarter valued at approximately $203,000. Institutional investors and hedge funds own 82.15% of the company’s stock.

Analyst Upgrades and Downgrades

V has been the topic of several research analyst reports. Oppenheimer raised their target price on shares of Visa from $297.00 to $299.00 and gave the stock an “outperform” rating in a report on Wednesday, April 24th. Citigroup lifted their price objective on shares of Visa from $314.00 to $321.00 and gave the company a “buy” rating in a report on Wednesday, April 24th. UBS Group lifted their price objective on shares of Visa from $315.00 to $325.00 and gave the company a “buy” rating in a report on Wednesday, April 24th. Royal Bank of Canada lifted their price objective on shares of Visa from $309.00 to $315.00 and gave the company an “outperform” rating in a report on Wednesday, April 24th. Finally, Piper Sandler started coverage on shares of Visa in a research note on Monday, May 13th. They issued an “overweight” rating and a $322.00 target price for the company. Six research analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $304.44.

Visa Trading Up 1.2 %

Shares of Visa stock opened at $265.60 on Friday. The firm has a 50-day moving average of $272.88 and a 200-day moving average of $273.85. The stock has a market cap of $485.77 billion, a PE ratio of 29.34, a PEG ratio of 1.80 and a beta of 0.95. Visa Inc. has a 52-week low of $227.68 and a 52-week high of $290.96. 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 (NYSE:V) last posted its quarterly earnings results on Tuesday, April 23rd. The credit-card processor reported $2.51 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 the consensus estimate of $8.62 billion. Visa had a return on equity of 51.23% and a net margin of 53.87%. Visa’s revenue for the quarter was up 9.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.09 earnings per share. As a group, sell-side analysts forecast that Visa Inc. will post 9.94 EPS for the current year.

Visa Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 3rd. Investors of record on Friday, May 17th were paid a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a yield of 0.78%. The ex-dividend date of this dividend was Thursday, May 16th. Visa’s dividend payout ratio (DPR) is presently 23.24%.

Insider Activity at Visa

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 transaction, the insider now owns 17,894 shares of the company’s stock, valued at $4,959,322.10. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other Visa news, Director Lloyd Carney sold 909 shares of the business’s stock in a transaction dated Friday, April 26th. The stock was sold at an average price of $275.55, for a total transaction of $250,474.95. Following the completion of the transaction, the director now owns 2,591 shares of the company’s stock, valued at $713,950.05. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, 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 value of $7,009,954.95. Following the sale, the insider now owns 17,894 shares in the company, valued at $4,959,322.10. The disclosure for this sale can be found here. 0.19% of the stock is owned by insiders.

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.