Visa Inc. (NYSE:V) Shares Bought by Versant Capital Management Inc

Versant Capital Management Inc lifted its position in shares of Visa Inc. (NYSE:V) by 23.4% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 4,526 shares of the credit-card processor’s stock after buying an additional 858 shares during the quarter. Versant Capital Management Inc’s holdings in Visa were worth $1,430,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Peterson Financial Group Inc. purchased a new stake in Visa in the 3rd quarter valued at approximately $26,000. Reston Wealth Management LLC acquired a new position in shares of Visa in the third quarter worth $31,000. Fairway Wealth LLC purchased a new stake in shares of Visa in the second quarter valued at $39,000. West Financial Advisors LLC boosted its stake in shares of Visa by 101.4% during the third quarter. West Financial Advisors LLC now owns 145 shares of the credit-card processor’s stock valued at $40,000 after acquiring an additional 73 shares during the last quarter. Finally, Global Wealth Strategies & Associates increased its position in Visa by 79.0% during the 3rd quarter. Global Wealth Strategies & Associates now owns 179 shares of the credit-card processor’s stock worth $49,000 after purchasing an additional 79 shares in the last quarter. 82.15% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Visa

In other Visa news, insider Paul D. Fabara sold 2,171 shares of the business’s stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $307.97, for a total value of $668,602.87. Following the transaction, the insider now owns 17,894 shares in the company, valued at $5,510,815.18. The trade was a 10.82 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 0.13% of the company’s stock.

Analyst Upgrades and Downgrades

V has been the topic of a number of recent research reports. The Goldman Sachs Group restated a “buy” rating and issued a $317.00 target price on shares of Visa in a report on Thursday, September 12th. Piper Sandler upped their price objective on shares of Visa from $319.00 to $322.00 and gave the company an “overweight” rating in a research note on Wednesday, October 30th. BMO Capital Markets lifted their target price on shares of Visa from $310.00 to $320.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 30th. Keefe, Bruyette & Woods increased their price target on Visa from $335.00 to $360.00 and gave the stock an “outperform” rating in a research note on Monday, December 9th. Finally, Macquarie lifted their price objective on Visa from $300.00 to $335.00 and gave the company an “outperform” rating in a research report on Wednesday, October 30th. Four research analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Visa has a consensus rating of “Moderate Buy” and an average price target of $328.41.

Visa Trading Down 0.5 %

NYSE:V opened at $314.40 on Friday. The business’s 50-day moving average is $308.44 and its two-hundred day moving average is $285.08. The firm has a market capitalization of $585.69 billion, a PE ratio of 32.31, a price-to-earnings-growth ratio of 2.11 and a beta of 0.96. Visa Inc. has a 12 month low of $252.70 and a 12 month high of $321.61. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.28 and a quick ratio of 1.28.

Visa (NYSE:V) last announced its earnings results on Tuesday, October 29th. The credit-card processor reported $2.71 EPS for the quarter, beating the consensus estimate of $2.58 by $0.13. The business had revenue of $9.62 billion for the quarter, compared to the consensus estimate of $9.49 billion. Visa had a return on equity of 53.16% and a net margin of 54.96%. The company’s revenue was up 11.7% on a year-over-year basis. During the same period last year, the business posted $2.33 EPS. Research analysts predict that Visa Inc. will post 11.23 earnings per share for the current fiscal year.

Visa Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, December 2nd. Stockholders of record on Tuesday, November 12th were paid a $0.59 dividend. The ex-dividend date of this dividend was Tuesday, November 12th. This is an increase from Visa’s previous quarterly dividend of $0.52. This represents a $2.36 annualized dividend and a dividend yield of 0.75%. Visa’s dividend payout ratio is 24.25%.

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.