Wynn Capital LLC Purchases 146 Shares of Visa Inc. (NYSE:V)

Wynn Capital LLC increased its holdings in shares of Visa Inc. (NYSE:V) by 15.5% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 1,085 shares of the credit-card processor’s stock after purchasing an additional 146 shares during the period. Wynn Capital LLC’s holdings in Visa were worth $343,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of V. Peterson Financial Group Inc. bought a new stake in shares of Visa during the 3rd quarter worth about $26,000. Modus Advisors LLC acquired a new stake in Visa during the fourth quarter worth approximately $32,000. Reston Wealth Management LLC acquired a new stake in Visa during the third quarter worth approximately $31,000. West Financial Advisors LLC boosted its holdings 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 worth $40,000 after acquiring an additional 73 shares during the period. Finally, Fairway Wealth LLC acquired a new position in shares of Visa in the second quarter valued at approximately $39,000. Institutional investors and hedge funds own 82.15% of the company’s stock.

Visa Trading Up 0.8 %

Shares of Visa stock opened at $309.24 on Wednesday. The firm has a market capitalization of $576.08 billion, a PE ratio of 31.78, a price-to-earnings-growth ratio of 2.11 and a beta of 0.96. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 0.55. The firm’s 50 day moving average is $312.76 and its 200 day moving average is $287.65. Visa Inc. has a 1 year low of $252.70 and a 1 year high of $321.61.

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

Visa Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, December 2nd. Stockholders of record on Tuesday, November 12th were paid a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a dividend yield of 0.76%. This is a positive change from Visa’s previous quarterly dividend of $0.52. The ex-dividend date was Tuesday, November 12th. Visa’s dividend payout ratio (DPR) is presently 24.25%.

Insider Transactions at Visa

In other Visa news, insider Paul D. Fabara sold 2,171 shares of the company’s stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $307.97, for a total value of $668,602.87. Following the sale, the insider now owns 17,894 shares in the company, valued at approximately $5,510,815.18. The trade was a 10.82 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Ryan Mcinerney sold 8,620 shares of the stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $317.78, for a total value of $2,739,263.60. The disclosure for this sale can be found here. Company insiders own 0.13% of the company’s stock.

Wall Street Analyst Weigh In

V has been the subject of several recent research reports. Morgan Stanley boosted their price target on Visa from $326.00 to $371.00 and gave the company an “overweight” rating in a research note on Wednesday, December 18th. Barclays boosted their target price on shares of Visa from $319.00 to $347.00 and gave the company an “overweight” rating in a research report on Monday, November 4th. Jefferies Financial Group raised their price target on shares of Visa from $320.00 to $330.00 and gave the stock a “buy” rating in a research report on Wednesday, October 30th. TD Cowen lifted their price objective on shares of Visa from $318.00 to $325.00 and gave the stock a “buy” rating in a research note on Wednesday, October 30th. Finally, Piper Sandler increased their target price on shares of Visa from $319.00 to $322.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 30th. Four analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $331.92.

Visa 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.