Visa Inc. $V Shares Purchased by Legacy Financial Advisors Inc.

Legacy Financial Advisors Inc. boosted its stake in Visa Inc. (NYSE:V) by 0.8% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 13,585 shares of the credit-card processor’s stock after purchasing an additional 109 shares during the period. Visa makes up about 0.8% of Legacy Financial Advisors Inc.’s investment portfolio, making the stock its 19th biggest holding. Legacy Financial Advisors Inc.’s holdings in Visa were worth $4,761,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the stock. Keystone Global Partners LLC acquired a new stake in shares of Visa during the first quarter valued at about $26,000. von Borstel & Associates Inc. acquired a new stake in shares of Visa during the first quarter valued at about $27,000. Measured Risk Portfolios Inc. bought a new position in shares of Visa during the fourth quarter worth about $47,000. Navigoe LLC bought a new position in shares of Visa during the fourth quarter worth about $53,000. Finally, O Brien Wealth Partners LLC bought a new position in shares of Visa during the first quarter worth about $54,000. 82.15% of the stock is currently owned by institutional investors and hedge funds.

Visa Price Performance

NYSE V opened at $342.81 on Tuesday. Visa Inc. has a 12 month low of $265.23 and a 12 month high of $375.51. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.12 and a quick ratio of 1.12. The firm has a market capitalization of $628.30 billion, a PE ratio of 33.48, a P/E/G ratio of 2.29 and a beta of 0.94. The company’s 50 day simple moving average is $349.69 and its 200 day simple moving average is $347.45.

Visa (NYSE:V) last posted its quarterly earnings data on Tuesday, July 29th. The credit-card processor reported $2.98 EPS for the quarter, beating analysts’ consensus estimates of $2.85 by $0.13. Visa had a net margin of 52.16% and a return on equity of 58.93%. The business had revenue of $10.17 billion for the quarter, compared to analyst estimates of $9.82 billion. During the same quarter last year, the business earned $2.42 earnings per share. The business’s revenue for the quarter was up 14.3% on a year-over-year basis. As a group, equities research analysts forecast that Visa Inc. will post 11.3 EPS for the current fiscal year.

Visa Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 2nd. Investors of record on Tuesday, August 12th will be paid a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date is Tuesday, August 12th. Visa’s dividend payout ratio (DPR) is currently 23.05%.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the stock. Piper Sandler increased their price target on shares of Visa from $383.00 to $384.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 30th. Morgan Stanley increased their price target on shares of Visa from $386.00 to $402.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 30th. Wall Street Zen raised shares of Visa from a “hold” rating to a “buy” rating in a research report on Monday, May 12th. UBS Group reaffirmed a “buy” rating and set a $415.00 price target (up previously from $405.00) on shares of Visa in a research report on Wednesday, July 30th. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on shares of Visa in a research report on Thursday, July 17th. They set a “buy” rating and a $410.00 price target on the stock. Five analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, Visa has an average rating of “Moderate Buy” and an average price target of $380.84.

Insider Buying and Selling

In other Visa news, CEO Ryan Mcinerney sold 8,630 shares of Visa stock in a transaction that occurred on Tuesday, July 1st. The shares were sold at an average price of $353.82, for a total value of $3,053,466.60. Following the transaction, the chief executive officer owned 537 shares in the company, valued at approximately $190,001.34. The trade was a 94.14% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Paul D. Fabara sold 46,214 shares of Visa stock in a transaction that occurred on Thursday, June 5th. The stock was sold at an average price of $370.00, for a total transaction of $17,099,180.00. Following the completion of the transaction, the insider owned 26,413 shares in the company, valued at approximately $9,772,810. This trade represents a 63.63% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 75,100 shares of company stock worth $27,643,224 in the last quarter. Company insiders own 0.13% 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.