Skyline Advisors Inc. Grows Stake in Visa Inc. (NYSE:V)

Skyline Advisors Inc. lifted its stake in Visa Inc. (NYSE:V) by 22.4% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,357 shares of the credit-card processor’s stock after purchasing an additional 248 shares during the quarter. Skyline Advisors Inc.’s holdings in Visa were worth $379,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of V. Westend Capital Management LLC bought a new position in Visa during the 1st quarter valued at about $25,000. Livelsberger Financial Advisory bought a new position in Visa during the fourth quarter valued at approximately $25,000. O Brien Wealth Partners LLC purchased a new stake in Visa in the fourth quarter worth approximately $32,000. Frank Rimerman Advisors LLC bought a new stake in Visa in the 4th quarter worth approximately $33,000. Finally, Valued Wealth Advisors LLC purchased a new stake in Visa during the 4th quarter valued at $37,000. Institutional investors own 82.15% of the company’s stock.

Visa Price Performance

Shares of Visa stock traded down $0.89 during trading hours on Monday, reaching $261.58. The company’s stock had a trading volume of 2,529,499 shares, compared to its average volume of 6,775,227. The firm has a 50 day moving average price of $273.88 and a 200-day moving average price of $273.58. 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 stock has a market cap of $478.41 billion, a P/E ratio of 29.64, a P/E/G ratio of 1.80 and a beta of 0.95. Visa Inc. has a one year low of $227.68 and a one year high of $290.96.

Visa (NYSE:V) last issued its quarterly earnings data on Tuesday, April 23rd. The credit-card processor reported $2.51 earnings per share for the quarter, topping the consensus estimate of $2.43 by $0.08. The company had revenue of $8.78 billion for 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 revenue for the quarter was up 9.9% on a year-over-year basis. During the same period in the previous year, the firm posted $2.09 earnings per share. On average, analysts predict that Visa Inc. will post 9.94 EPS for the current year.

Visa Dividend Announcement

The company 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 annualized dividend and a yield of 0.80%. The ex-dividend date of this dividend was Thursday, May 16th. Visa’s payout ratio is 23.24%.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on V shares. Oppenheimer raised their price target on Visa from $297.00 to $299.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 24th. William Blair restated an “outperform” rating on shares of Visa in a research note on Wednesday, April 24th. UBS Group increased their price objective on shares of Visa from $315.00 to $325.00 and gave the stock a “buy” rating in a research note on Wednesday, April 24th. TD Cowen started coverage on shares of Visa in a report on Thursday, April 11th. They set a “buy” rating and a $320.00 target price for the company. Finally, Evercore ISI dropped their price target on shares of Visa from $335.00 to $330.00 and set an “outperform” rating on the stock in a research note on Tuesday, June 25th. Five equities research analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Visa has an average rating of “Moderate Buy” and an average price target of $303.56.

Insider Buying and Selling at Visa

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

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.