Visa Inc. (NYSE:V) Shares Bought by Roof Eidam Maycock Peralta LLC

Roof Eidam Maycock Peralta LLC raised its position in Visa Inc. (NYSE:V) by 3.2% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 9,731 shares of the credit-card processor’s stock after buying an additional 298 shares during the period. Visa comprises about 0.7% of Roof Eidam Maycock Peralta LLC’s portfolio, making the stock its 27th largest holding. Roof Eidam Maycock Peralta LLC’s holdings in Visa were worth $2,716,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of V. Nadler Financial Group Inc. boosted its holdings in shares of Visa by 2.4% during the 4th quarter. Nadler Financial Group Inc. now owns 1,900 shares of the credit-card processor’s stock worth $495,000 after purchasing an additional 44 shares during the last quarter. Towerpoint Wealth LLC acquired a new position in shares of Visa during the 4th quarter worth approximately $216,000. Andrew Hill Investment Advisors Inc. acquired a new position in shares of Visa during the 4th quarter worth approximately $3,427,000. Richelieu Gestion SA acquired a new position in shares of Visa during the 4th quarter worth approximately $307,000. Finally, Cooper Financial Group boosted its holdings in shares of Visa by 6.4% during the 4th quarter. Cooper Financial Group now owns 7,926 shares of the credit-card processor’s stock worth $2,064,000 after purchasing an additional 476 shares during the last quarter. 82.15% of the stock is currently owned by institutional investors and hedge funds.

Visa Stock Up 1.2 %

Visa stock opened at $265.74 on Friday. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 0.53. The stock’s fifty day simple moving average is $272.82 and its 200-day simple moving average is $274.01. The firm has a market capitalization of $486.02 billion, a P/E ratio of 29.69, a P/E/G ratio of 1.85 and a beta of 0.95. Visa Inc. has a twelve month low of $227.68 and a twelve month high of $290.96.

Visa (NYSE:V) last issued its earnings results 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. The firm had revenue of $8.78 billion during the quarter, compared to the consensus estimate of $8.62 billion. Visa had a net margin of 53.87% and a return on equity of 51.23%. The company’s revenue was up 9.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.09 earnings per share. As a group, equities analysts expect that Visa Inc. will post 9.94 earnings per share for the current fiscal year.

Visa Dividend Announcement

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

Insider Buying and Selling

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

Wall Street Analysts Forecast Growth

V has been the topic of a number of recent analyst reports. Wedbush upped their price objective on Visa from $280.00 to $300.00 and gave the company an “outperform” rating in a report on Wednesday, April 24th. Oppenheimer upped their price objective on Visa from $297.00 to $299.00 and gave the company an “outperform” rating in a report on Wednesday, April 24th. Bank of America reiterated a “neutral” rating and issued a $297.00 price objective (down from $305.00) on shares of Visa in a report on Wednesday. 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. Finally, Macquarie upped their price objective on Visa from $290.00 to $300.00 and gave the company an “outperform” rating in a report on Wednesday, April 24th. Six 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, the company presently has an average rating of “Moderate Buy” and an average target price of $304.44.

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.