Visa Inc. (NYSE:V) Shares Purchased by Janiczek Wealth Management LLC

Janiczek Wealth Management LLC boosted its holdings in Visa Inc. (NYSE:V) by 7.6% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,297 shares of the credit-card processor’s stock after purchasing an additional 302 shares during the quarter. Janiczek Wealth Management LLC’s holdings in Visa were worth $1,199,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in V. Livelsberger Financial Advisory acquired a new position in shares of Visa during the fourth quarter valued at $25,000. Westend Capital Management LLC acquired a new position in shares of Visa during the first quarter valued at $25,000. O Brien Wealth Partners LLC acquired a new position in shares of Visa during the fourth quarter valued at $32,000. Frank Rimerman Advisors LLC acquired a new position in shares of Visa during the fourth quarter valued at $33,000. Finally, Valued Wealth Advisors LLC acquired a new position in shares of Visa during the fourth quarter valued at $37,000. Institutional investors and hedge funds own 82.15% of the company’s stock.

Insider Buying and Selling

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

Visa Price Performance

NYSE V opened at $266.62 on Friday. The company has a 50 day simple moving average of $274.13 and a 200-day simple moving average of $273.41. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.40 and a quick ratio of 1.40. The firm has a market capitalization of $487.63 billion, a price-to-earnings ratio of 29.79, a price-to-earnings-growth ratio of 1.87 and a beta of 0.97. Visa Inc. has a 52-week low of $226.02 and a 52-week high of $290.96.

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

Visa Dividend Announcement

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

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the stock. Oppenheimer upped their price objective on shares of Visa from $297.00 to $299.00 and gave the stock an “outperform” rating in a report on Wednesday, April 24th. Redburn Atlantic reaffirmed a “neutral” rating and issued a $307.00 price objective on shares of Visa in a report on Wednesday, March 27th. Citigroup boosted their price target on shares of Visa from $314.00 to $321.00 and gave the stock a “buy” rating in a research report on Wednesday, April 24th. Piper Sandler assumed coverage on shares of Visa in a research report on Monday, May 13th. They issued an “overweight” rating and a $322.00 price target on the stock. Finally, UBS Group boosted their price target on shares of Visa from $315.00 to $325.00 and gave the stock a “buy” rating in a research report on Wednesday, April 24th. Five research analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $303.56.

About Visa

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.