Visa Inc. (NYSE:V) Shares Acquired by Paradigm Financial Partners LLC

Paradigm Financial Partners LLC increased its stake in shares of Visa Inc. (NYSE:V) by 1.3% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 25,232 shares of the credit-card processor’s stock after acquiring an additional 315 shares during the period. Visa makes up approximately 1.6% of Paradigm Financial Partners LLC’s holdings, making the stock its 12th largest holding. Paradigm Financial Partners LLC’s holdings in Visa were worth $6,569,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Altshuler Shaham Ltd purchased a new stake in Visa during the 3rd quarter worth approximately $25,000. O Brien Wealth Partners LLC bought a new stake in shares of Visa in the 4th quarter worth approximately $32,000. Valued Wealth Advisors LLC acquired a new position in Visa during the 4th quarter valued at approximately $37,000. Stuart Chaussee & Associates Inc. grew its stake in Visa by 66.2% during the 4th quarter. Stuart Chaussee & Associates Inc. now owns 236 shares of the credit-card processor’s stock worth $61,000 after buying an additional 94 shares during the last quarter. Finally, Macroview Investment Management LLC increased its position in Visa by 1,019.2% in the third quarter. Macroview Investment Management LLC now owns 291 shares of the credit-card processor’s stock worth $67,000 after buying an additional 265 shares during the period. Hedge funds and other institutional investors own 82.15% of the company’s stock.

Visa Stock Down 0.2 %

Shares of Visa stock traded down $0.64 during midday trading on Friday, hitting $274.52. The company’s stock had a trading volume of 6,840,615 shares, compared to its average volume of 6,528,673. Visa Inc. has a 1-year low of $216.14 and a 1-year high of $290.96. The company has a quick ratio of 1.45, a current ratio of 1.40 and a debt-to-equity ratio of 0.53. The firm has a market capitalization of $504.16 billion, a P/E ratio of 30.67, a PEG ratio of 1.89 and a beta of 0.96. The stock has a 50-day simple moving average of $279.24 and a 200-day simple moving average of $264.52.

Visa (NYSE:V) last announced its quarterly earnings data 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. Visa had a return on equity of 51.23% and a net margin of 53.87%. The firm had revenue of $8.78 billion during the quarter, compared to analyst estimates of $8.62 billion. During the same period last year, the company posted $2.09 EPS. The business’s quarterly revenue was up 9.9% compared to the same quarter last year. As a group, sell-side analysts expect that Visa Inc. will post 9.89 earnings per share for the current year.

Visa Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, June 3rd. Investors of record on Friday, May 17th will be paid a $0.52 dividend. This represents a $2.08 annualized dividend and a dividend yield of 0.76%. The ex-dividend date is Thursday, May 16th. Visa’s payout ratio is presently 23.24%.

Analysts Set New Price Targets

A number of research firms recently weighed in on V. Mizuho reaffirmed a “neutral” rating and issued a $265.00 price objective on shares of Visa in a report on Wednesday, March 27th. TD Cowen began coverage on Visa in a report on Thursday, April 11th. They issued a “buy” rating and a $320.00 price objective for the company. Robert W. Baird raised their target price on Visa from $314.00 to $320.00 and gave the company an “outperform” rating in a research report on Wednesday, April 17th. William Blair reiterated an “outperform” rating on shares of Visa in a research report on Wednesday. Finally, Wells Fargo & Company raised their price target on Visa from $300.00 to $325.00 and gave the company an “overweight” rating in a report on Wednesday, March 6th. Five analysts have rated the stock with a hold rating and twenty have given a buy rating to the stock. According to data from MarketBeat, Visa presently has an average rating of “Moderate Buy” and a consensus price target of $302.58.

Insider Buying and Selling at Visa

In related news, Director Lloyd Carney sold 909 shares of the stock in a transaction dated 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 owns 2,591 shares in the company, valued at approximately $713,950.05. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, CEO Ryan Mcinerney sold 8,150 shares of the stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $273.39, for a total transaction of $2,228,128.50. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Lloyd Carney sold 909 shares of Visa stock in a transaction that occurred on Friday, April 26th. The stock was sold at an average price of $275.55, for a total transaction of $250,474.95. Following the sale, the director now owns 2,591 shares of the company’s stock, valued at approximately $713,950.05. The disclosure for this sale can be found here. Insiders have sold 19,874 shares of company stock worth $5,506,827 over the last three months. 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.